NOT LISTED FOR SALE

Estimated Value: $1,065,692 - $1,220,000

4 Beds
3 Baths
1,484 Sq Ft
$761/Sq Ft Est. Value

Last Sold February 13, 2015

Last sale price $580,000 $391 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,552/month

30 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Laundry Room
  • Torrance Elementary School Rated A-
  • No HOA
  • Partially Fenced Property

About This Home

As of February 2015

Old Torrance triplex with substantial upside. The front house is a 2 bedroom and 1 bath. The rear units, each 1 bedroom and 1 bath, sit above the 4 car garage. Corner lot of 5064 Sqft. Long term tenants with low rents. This is an excellent opportunity for an owner occupant or investor to make upgrades and improvements. Recently painted exterior and rebuilt exterior stairs. Many mature fruit trees.

Last Agent to Sell the Property

David Reams

D.Reams and Company Brokerage Email: david@davidreams.com License #00636976 Listed on: 11/05/2014

Last Buyer's Agent

Tony Martinez

T.N.G Real Estate Consultants License #01487452

T.N.G Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,805

Year Built

  • Built in 1912

Lot Details

  • 5,064 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Copper Plumbing

Interior Spaces

  • 1,484 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care
  • Tax Lot 23
  • Tax Tract Number 23
  • Assessor Parcel Number 7357017026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $1,000
  • Water Sewer Expense $1,400
  • New Taxes Expense $7,400
  • Operating Expense $10,400
  • Gross Income $2,300
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,805

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 7357017026
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: No
  • Fireplace Features: Living Room, Masonry
  • Levels: Two
  • Price Per Square Foot: 390.84

Exterior Features

  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Inside
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level, Corner Lot
  • Lot Size Sq Ft: 5064.00
  • Lot Size Acres: 0.1160

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care

Multi Family

  • Gross Income: 2300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5064.0000 Square Feet
  • Net Operating Income: 25200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 10400.00

Tax Info

  • New Taxes Expense: 7400.00
  • Tax Lot: 23
  • Tax Tract Number: 23
  • Tax Annual Amount: 1805.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2014
Closed on
Jan 22, 2015
Sold by
Roldan Ricardo Mentado
Bought by
Delcastillo Guadalupe
Seller's Agent
David Reams
D.Reams and Company
Buyer's Agent
Tony Martinez
T.N.G Real Estate Consultants
List Price
$595,000
Sold Price
$580,000
Premium/Discount to List
-$15,000
-2.52%
Current Estimated Value
$1,129,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,923
Avg. Annual Appreciation
6.27%
Original Mortgage
$120,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2014
Sold by
Dwyer Michael J
Bought by
Delcastillo Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Delcastillo Guadalupe -- None Available
Delcastillo Guadalupe $580,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delcastillo Guadalupe $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2015 02/13/15 Sold $580,000 -2.5% $391 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
11/05/2014 11/05/14 For Sale $595,000 -- $401 / 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 $8,151 $697,061 $516,790 $180,271
2024 $8,151 $683,394 $506,657 $176,737
2023 $8,001 $669,995 $496,723 $173,272
2022 $7,894 $656,859 $486,984 $169,875
2021 $7,750 $643,981 $477,436 $166,545
2020 $7,637 $637,379 $472,541 $164,838
2019 $7,528 $624,882 $463,276 $161,606
2018 $7,293 $612,631 $454,193 $158,438
2016 $6,970 $588,844 $436,557 $152,287
2015 $1,860 $131,130 $88,216 $42,914
2014 $1,835 $128,562 $86,488 $42,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14237511

California Regional Multiple Listing Service (CRMLS)

APN: 7357-017-026