NOT LISTED FOR SALE

Estimated Value: $1,503,000 - $1,650,933

5 Beds
5 Baths
2,927 Sq Ft
$535/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $1,087,000 $371 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $9,355/month

29 Days on Market

Highlights

  • Spa
  • City Lights View
  • In-Law or Guest Suite
  • Fern Elementary School Rated A
  • Corner Lot
  • 4-minute walk to Greenwood Park

About This Home

As of December 2020

Rare opportunity to own a two unit building in much sought after central Torrance area. Great location close to Del Amo shopping center, freeways & schools. Very nice building which consists of a three bedroom front house with large office currently being used as another bedroom & three bathrooms, the rear unit is a large two bedroom unit which sits above a four car garage. Units to be delivered with current tenants at COE.

Last Agent to Sell the Property

HELEN LECHNER

Worldwide Realty License #00790896 Listed on: 10/05/2020

Last Buyer's Agent

Nicolette Simon

Estate Properties License #02064859

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,350

Year Built

  • Built in 1974

Lot Details

  • 4,913 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Corner Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,927 Sq Ft Home
  • Bonus Room with Fireplace
  • City Lights Views

Kitchen

  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Spa
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 19
  • Tax Tract Number 2761
  • Assessor Parcel Number 7359021027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $58,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,350

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: TORR-LM
  • Property Type: Residential Income
  • Parcel Number: 7359021027
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: In-Law Floorplan, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Fireplace Features: Bonus Room
  • Price Per Square Foot: 371.37

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 4913.00
  • Lot Size Acres: 0.1128

Multi Family

  • Gross Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Lot Size Area: 4913.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 6508.00
  • Tax Lot: 10
  • Tax Tract Number: 2761

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 5, 2020
Sold by
Tier Family Trust and Pearmund Nigel A
Bought by
Chung Alfred and Choi Hannah
Seller's Agent
HELEN LECHNER
Worldwide Realty
Buyer's Agent
Nicolette Simon
Estate Properties
List Price
$1,095,000
Sold Price
$1,087,000
Premium/Discount to List
-$8,000
-0.73%
Current Estimated Value
$1,566,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,983
Avg. Annual Appreciation
7.80%
Original Mortgage
$995,420
Outstanding Balance
$884,177
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$682,806

Purchase Details

Closed on
Oct 15, 2003
Sold by
Tier Gary N and Tier Joan I
Bought by
Tier Gary N
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chung Alfred $1,087,000 Fidelity National Title
Tier Gary N -- --
Tier Gary N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Alfred $995,420
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $1,087,000 -0.7% $371 / Sq Ft
10/05/2020 10/05/20 For Sale $1,095,000 0.0% $374 / Sq Ft
08/01/2012 08/01/12 Rented $2,450 -1.8% --
07/21/2012 07/21/12 Under Contract -- -- --
07/12/2012 07/12/12 For Rent $2,495 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,350 $1,176,602 $635,386 $541,216
2024 $13,350 $1,153,532 $622,928 $530,604
2023 $13,102 $1,130,914 $610,714 $520,200
2022 $12,927 $1,108,740 $598,740 $510,000
2021 $12,691 $1,087,000 $587,000 $500,000
2020 $6,377 $526,607 $123,161 $403,446
2019 $6,288 $516,283 $120,747 $395,536
2018 $6,069 $506,161 $118,380 $387,781
2016 $5,779 $486,508 $113,784 $372,724
2015 $5,655 $479,201 $112,075 $367,126
2014 $5,516 $469,815 $109,880 $359,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN20208949

California Regional Multiple Listing Service (CRMLS)

APN: 7359-021-027