NOT LISTED FOR SALE

1720 256th St Lomita, CA 90717

Estimated Value: $967,000 - $1,059,000

4 Beds
2 Baths
2,068 Sq Ft
$492/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2012

Last sale price $559,000 $270 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,399 / mo

13 Days on Market

Highlights

  • Traditional Architecture
  • Courtyard Views
  • Floor Furnace
  • Wood Flooring
  • Tile Countertops
  • Wood Siding

About This Home

As of December 2012

Two separate houses on an extra large lot. Great income potential at current market rents, or live in one and rent the other to help with your mortgage. Both houses have been recently painted, have wood flooring and open floorplans. The front house is approx 1,200 sq ft with two bedrooms, one full bath, separate dining room and living room. A large eat in kitchen and separate laundry room provide additional space. The rear house has aprox 900 sq ft, with two bedrooms, one full bath, and a large kitchen. There is a detached 2-car garage plus an additional carport that connects the two homes. The lot has over 9,300 sq ft, has a private fenced backyard and a long driveway that could accomodate several cars or an RV. Alley access behind property. Great location close to Lomita shops, restaurants and schools. Ready to go!

Last Agent to Sell the Property

Chandra Larson

Chandra Larson, Broker License #01811393 Listed on: 10/30/2012

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 9,330 Sq Ft Lot
  • Property fronts an alley

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Driveway

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,068 Sq Ft Home
  • Courtyard Views

Kitchen

  • Electric Cooktop
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Utilities

  • Floor Furnace

Listing and Financial Details

  • Legal Lot and Block 3 / 50
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410011021

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $3,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

9,330 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.67
  • Road Frontage Type: Alley
  • View: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7410011021
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Flooring: Carpet, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 270.31

Exterior Features

  • View: Courtyard
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Carport, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Cooking, Refrigerator
  • Heating Type: Floor Furnace

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9330.00
  • Lot Size Acres: 0.2140

Multi Family

  • Gross Income: 3000.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 36000.00
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Refrigerator: 1

Tax Info

  • Tax Area: 19
  • Tax Block: 50
  • Tax Lot: 3
  • Tax Tract Number: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2012
Closed on
Nov 13, 2012
Sold by
Diffee Keith E and Orpha Jean Diffee Trust
Bought by
Jacott Strum John and Jacott Strum Erika
Seller's Agent
Chandra Larson
Chandra Larson, Broker
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$539,900
Sold Price
$559,000
Premium/Discount to List
$19,100
3.54%
Current Estimated Value
$1,070,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,244
Avg. Annual Appreciation
4.61%
Original Mortgage
$548,875
Interest Rate
3.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jacott Strum John $559,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacott Strum John $548,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2012 12/31/12 Sold $559,000 +3.5% $270 / Sq Ft
11/12/2012 11/12/12 Pending -- -- --
10/30/2012 10/30/12 For Sale $539,900 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,686 $688,358 $492,568 $195,790
2024 $8,686 $674,861 $482,910 $191,951
2023 $8,521 $661,630 $473,442 $188,188
2022 $8,136 $648,658 $464,159 $184,499
2021 $8,029 $635,940 $455,058 $180,882
2020 $8,103 $629,420 $450,392 $179,028
2019 $7,793 $617,079 $441,561 $175,518
2018 $7,647 $604,980 $432,903 $172,077
2016 $7,298 $581,490 $416,094 $165,396
2015 $7,189 $572,756 $409,844 $162,912
2014 $7,214 $561,537 $401,816 $159,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S716519

California Regional Multiple Listing Service (CRMLS)

APN: 7410-011-021

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