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Seller's Agent in 2012
Joyce Chung
Shorewood Realtors
1753 259th St Lomita, CA 90717
Estimated Value: $863,392 - $1,122,000
5
Beds
2
Baths
1,884
Sq Ft
$533/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Main Floor Primary Bedroom
- Laundry Room
- Wood Flooring
- No HOA
- 2-minute walk to Louis and William J. Teuchert Park
About This Home
As of January 2012S.Q. per tax roll. Must sell. This is not a short sale or REO it is STANDARD SALE. Best property for investors for income or owner occupy Buyer can live one and rent it out the other unit to help out their mortgage payment.3 bedroom unit has income $1,850.00 and 2nd front unit has income $1,550.00 a month currently owner runs their in house business for the corporation using as office. Total income $3,400 a month. Both unit remodeled wood floor, tile floor in kitchen and cabinets, replaced all windows in 3 bdrm, window coverings, indoor laundry. 2 bedroom has extra .5 bath don't have permit. Please submit all offers with the pre qualification letter with proof of funds and credit score. Offer will be subject to inspection. Please drive by and do not disturb the tenants. It is possible to show the inside if you give me a enough notice. Sale is "AS IS" CONDITION. There is very few income properties in this area at this time with high income with good price. Each unit has side by side, independent entry with the fence around. It is very private units each other. Original price was $499,999 instead of $499,999,999. Please submit the offers with pre- credit approval letter, proof of funds, and the copy of credit score. Seller is licensed Real Estate agent.
Last Agent to Sell the Property
Joyce Chung
Shorewood Realtors License #01038193 Listed on: 08/05/2011
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,118
Year Built
- Built in 1928
Lot Details
- 4,687 Sq Ft Lot
- Fenced
Parking
- 1 Car Garage
- Front Facing Garage
- On-Street Parking
Home Design
- 1,884 Sq Ft Home
- Contemporary Architecture
- Turnkey
- Composition Roof
Kitchen
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Washer and Gas Dryer Hookup
Utilities
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, HVAC maintenance
- Tax Lot 7
- Tax Tract Number 2870
- Assessor Parcel Number 7553018056
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $110
- Professional Management Expense $200
- Trash Expense $35
- Water Sewer Expense $60
- New Taxes Expense $3,540
- Gross Income $3,400
- Net Operating Income $40,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 16, 2018
Sold by
Nelson Joel Ray
Bought by
Nelson Joel R and The Joel R Nelson Separate Pro
Current Estimated Value
Purchase Details
Listed on
Aug 5, 2011
Closed on
Nov 23, 2011
Sold by
Cho Yong Ho and Cho Debbie
Bought by
Nelson Joel Ray
Seller's Agent
Joyce Chung
Shorewood Realtors
Buyer's Agent
Chris Teer
Vista Sotheby’s International Realty
List Price
$4,999,999
Sold Price
$437,000
Premium/Discount to List
-$4,562,999
-91.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$425,922
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 20, 2010
Sold by
Chung Joy
Bought by
Cho Yong Ho and Cho Debbie
Purchase Details
Closed on
Jan 5, 2010
Sold by
Cho Yong Ho and Cho Debbie
Bought by
Chung Joy
Purchase Details
Closed on
May 20, 2004
Sold by
Cho Yong Ho and Cho Debbie
Bought by
Cho Yong Ho and Cho Debbie
Purchase Details
Closed on
Dec 12, 2002
Sold by
Cho Debbie and Cho Yong Ho
Bought by
Cho Yong Ho and Cho Debbie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
5.86%
Purchase Details
Closed on
May 3, 2001
Sold by
Cho Young Ho and Cho Debbie
Bought by
Cho Debbie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
6.92%
Purchase Details
Closed on
Jun 16, 1998
Sold by
Hackney Edith S
Bought by
Cho Debbie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
4.95%
Purchase Details
Closed on
Feb 15, 1995
Sold by
Emc Mtg Corp
Bought by
Hackney Edith S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,475
Interest Rate
7.5%
Purchase Details
Closed on
Jan 3, 1994
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp
Purchase Details
Closed on
Dec 28, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nelson Joel R | -- | None Available | |
| Nelson Joel Ray | $437,000 | Orange Coast Title | |
| Cho Yong Ho | -- | None Available | |
| Chung Joy | -- | None Available | |
| Cho Yong Ho | -- | -- | |
| Cho Yong Ho | -- | First American | |
| Cho Debbie | -- | United Title Company | |
| Cho Debbie | $218,000 | Equity Title Company | |
| Hackney Edith S | $193,000 | Fidelity National Title Ins | |
| Emc Mtg Corp | $91,500 | Fidelity National Title | |
| Great Western Bank Fsb | $176,013 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Nelson Joel Ray | $425,922 | |
| Previous Owner | Cho Yong Ho | $251,250 | |
| Previous Owner | Cho Debbie | $206,000 | |
| Previous Owner | Cho Debbie | $196,200 | |
| Previous Owner | Hackney Edith S | $173,475 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2012 01/19/12 | Sold | $437,000 | -91.3% | $232 / Sq Ft |
| 12/22/2011 12/22/11 | Pending | -- | -- | -- |
| 08/05/2011 08/05/11 | For Sale | $4,999,999 | -- | $2,654 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,118 | $548,885 | $408,212 | $140,673 |
| 2024 | $7,118 | $538,123 | $400,208 | $137,915 |
| 2023 | $6,997 | $527,572 | $392,361 | $135,211 |
| 2022 | $6,667 | $517,228 | $384,668 | $132,560 |
| 2021 | $6,591 | $507,087 | $377,126 | $129,961 |
| 2020 | $6,642 | $501,889 | $373,260 | $128,629 |
| 2019 | $6,384 | $492,049 | $365,942 | $126,107 |
| 2018 | $6,279 | $482,402 | $358,767 | $123,635 |
| 2016 | $6,004 | $463,672 | $344,837 | $118,835 |
| 2015 | $5,909 | $456,708 | $339,658 | $117,050 |
| 2014 | $5,912 | $447,763 | $333,005 | $114,758 |
Source: Public Records
Agents Affiliated with this Home
-
-
Chris Teer
Buyer's Agent in 2012
Chris Teer
Vista Sotheby’s International Realty
(310) 251-7192
1 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: V11102790
APN: 7553-018-056
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