NOT LISTED FOR SALE

1743 256th St Lomita, CA 90717

Estimated Value: $892,325 - $997,000

3 Beds
2 Baths
1,008 Sq Ft
$927/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $820,000 $813 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,999/month

35 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Tile Countertops
  • Wood Flooring
  • 2 Car Direct Access Garage
  • Living Room

About This Home

As of January 2022

Come check out this unique, developers' dream property located in the friendly city of Lomita. This property consists of 2 rentable units. The front unit is a 2 bedroom, 1 bath with all original hardwood floor and the back unit is 1 bedroom, 1 bath. The front driveway can park 5 cars and there is an alley access that opens to 2 more parking space. There is a large courtyard behind the front unit that is large enough to build another unit. The back unit is behind the garage and has been there since the seller bought the property years ago.

Buyer to verify all information and permits.

Last Agent to Sell the Property

Rick Pranada

Reily Investments, Inc License #01407875 Listed on: 09/27/2021

Last Buyer's Agent

Mina Zahabi

Golden West Realty License #01464950

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,931

Year Built

  • Built in 1947

Lot Details

  • 7,320 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway Level

Home Design

  • Duplex
  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 47
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410012016
  • $576 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • Insurance Expense $500
  • Trash Expense $840
  • Operating Expense $1,340
  • Gross Income $26,000
  • Net Operating Income $24,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,931

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All appliances, washer and dryer
  • Price Per Unit: 425000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Zoning: LOR1*
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7410012016
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Open Floorplan, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 813.49
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7320.00
  • Lot Size Acres: 0.1680

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 26000.00
  • Gross Scheduled Income: 26000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 7320.0000 Square Feet
  • Net Operating Income: 24660.00
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1340.00
  • Rent Control: Yes
  • Total Expenses: 1340.00

Tax Info

  • Tax Block: 47
  • Tax Census Tract: 6700.02
  • Tax Lot: 7
  • Tax Tract Number: 1589
  • TaxOtherAnnualAssessmentAmount: 576.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 18, 2021
Sold by
Atefeh Moradinajm
Bought by
Pirshirazi Farbod
Seller's Agent
Rick Pranada
Reily Investments, Inc
Buyer's Agent
Mina Zahabi
Golden West Realty
List Price
$850,000
Sold Price
$820,000
Premium/Discount to List
-$30,000
-3.53%
Current Estimated Value
$921,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,334
Avg. Annual Appreciation
2.58%
Original Mortgage
$615,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2021
Sold by
Patricia E Underdown Revocable Trust
Bought by
Pirshirazi Farbod

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2012
Sold by
Underdown Patricia Ertzman
Bought by
Patricia E Underdown Revocable Trust

Purchase Details

Closed on
Mar 27, 1998
Sold by
Ertzman Trust Ertzman Patricia E Tr Patricia
Bought by
Underdown Patricia Ertzman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
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
Pirshirazi Farbod -- Provident Title
Pirshirazi Farbod $820,000 Provident Title
Patricia E Underdown Revocable Trust -- None Available
Underdown Patricia Ertzman -- American Coast Title
Underdown Patricia Ertzman -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pirshirazi Farbod $615,000
Previous Owner Pirshirazi Farbod $615,000
Previous Owner Underdown Patricia Ertzman $101,000
Previous Owner Underdown Patricia Ertzman $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $820,000 -3.5% $813 / Sq Ft
09/27/2021 09/27/21 For Sale $850,000 -- $843 / Sq Ft
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 $10,931 $870,189 $696,152 $174,037
2024 $10,931 $853,127 $682,502 $170,625
2023 $10,739 $836,400 $669,120 $167,280
2022 $3,971 $294,474 $283,601 $10,873
2021 $3,929 $288,701 $278,041 $10,660
2019 $3,810 $280,141 $269,796 $10,345
2018 $3,681 $274,649 $264,506 $10,143
2016 $3,521 $263,986 $254,236 $9,750
2015 $3,465 $260,022 $250,418 $9,604
2014 $3,469 $254,929 $245,513 $9,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21201140

California Regional Multiple Listing Service (CRMLS)

APN: 7410-012-016