NOT LISTED FOR SALE

Estimated Value: $1,444,000 - $2,287,000

4 Beds
2 Baths
3,710 Sq Ft
$508/Sq Ft Est. Value

Last Sold May 28, 2014

Last sale price $1,150,000 $310 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $12,603/month

10 Days on Market

About This Home

As of May 2014

This remodeled 4 unit income property just received a fresh and modern make over that includes new: roof, windows, copper plumbing, exterior siding, paint, garage doors and landscaping. The unit mix consists of all large (927SF) 2 bedroom 1 bathrooms that features new: shaker white cabinets, grey quartz counter tops, white subway tile kitchen backsplashes, stainless steel appliances, smooth ceilings, modern wood laminate flooring, tub, wall tile, floor tile, carpet in bedroom, paint and fixtures! This remodel work was permitted. Also, three of the units have a good sized private patio/balcony. There is a common area laundry room in the building. This building is located in a great Torrance location and the units rented very quickly with still rental upside!

Last Agent to Sell the Property

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061 Listed on: 04/04/2014

Co-Listed By

Peter Bohlinger

Bohlinger Properties, Inc. License #00570457

Last Buyer's Agent

Tim Marshall

Timothy Marshall License #00328922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,201

Year Built

  • Built in 1957

Lot Details

  • 5,597 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 3,710 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 19626
  • Assessor Parcel Number 4091012004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $381
  • Gardener Expense $600
  • Insurance Expense $1,272
  • Maintenance Expense $500
  • Professional Management Expense $3,696
  • Trash Expense $899
  • Water Sewer Expense $1,351
  • New Taxes Expense $13,327
  • Gross Income $6,483
  • Net Operating Income $51,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,201

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.50
  • Other Phone Description: 310-505-6815
  • Professional Management Expense: 3696.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1351.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4091012004
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 309.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 899.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5597.00
  • Lot Size Acres: 0.1280

Multi Family

  • Electric Expense: 381.00
  • Gross Income: 6483.00
  • Gross Multiplier: 14.84
  • Gross Scheduled Income: 77400.00
  • Insurance Expense: 1272.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5597.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 51759.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 22171.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13327.00
  • Tax Lot: 10
  • Tax Tract Number: 19626
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2014
Closed on
Apr 30, 2014
Sold by
17801 Crenshaw Llc
Bought by
Lewis Anthony and Lewis Leila
Seller's Agent
Bryan Bohlinger
Bohlinger Properties, Inc.
Buyer's Agent
Tim Marshall
Timothy Marshall
List Price
$1,149,000
Sold Price
$1,150,000
Premium/Discount to List
$1,000
0.09%
Current Estimated Value
$2,055,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$905,304
Avg. Annual Appreciation
4.50%
Original Mortgage
$801,950
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2013
Closed on
Nov 11, 2013
Sold by
Streich Alexandria Chris and The Basham Living Trust
Bought by
17801 Crenshaw Llc
Seller's Agent
Derf Fredericks
Fredericks Realty
Buyer's Agent
Bryan Bohlinger
Bohlinger Properties, Inc.
List Price
$829,000
Sold Price
$852,000
Premium/Discount to List
$23,000
2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.80%
Original Mortgage
$590,000
Interest Rate
4.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2007
Sold by
Basham Mary Lou and Basham Robert A
Bought by
Basham Mary Lou and Basham Robert A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lewis Anthony $1,150,000 Fatcola
17801 Crenshaw Llc $852,000 Title 365
Basham Mary Lou -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Anthony $790,000
Closed Lewis Anthony $801,950
Previous Owner 17801 Crenshaw Llc $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2014 05/28/14 Sold $1,150,000 +0.1% $310 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $1,149,000 +34.9% $310 / Sq Ft
12/05/2013 12/05/13 Sold $852,000 +2.8% $230 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
10/22/2013 10/22/13 For Sale $829,000 -- $223 / 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 $16,201 $1,409,730 $563,889 $845,841
2024 $16,201 $1,382,089 $552,833 $829,256
2023 $15,900 $1,354,991 $541,994 $812,997
2022 $15,686 $1,328,423 $531,367 $797,056
2021 $15,398 $1,302,377 $520,949 $781,428
2019 $14,954 $1,263,750 $505,499 $758,251
2018 $14,524 $1,238,972 $495,588 $743,384
2016 $13,870 $1,190,863 $476,345 $714,518
2015 $13,569 $1,172,976 $469,190 $703,786
2014 -- $852,000 $482,000 $370,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14069178

California Regional Multiple Listing Service (CRMLS)

APN: 4091-012-004