$1,450,000
SOLD APR 11, 2023
6 Beds
6 Baths
3,688 Sq Ft
5,535 Sq Ft Lot

Recently Sold

$393 Per Sq Ft

15% Below List Price

119 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Carpet
  • Yukon Elementary School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2025

Price Reduction!!! First time in the market after over 20 years, North Torrance 6 Unit apartment, fully rented, plenty of upside potential. Located on convenient area of North Torrance, close proximity to El Camino College, Post Office, Shopping, Public Transportation and Freeway access. Newer exterior paint and newer roof installed in 2020. All units are large 1bedroom/1bath with assigned carports. Coin operated laundry room. Please drive-by only. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Pablo Arakaki

The Realestate Group License #01907522 Listed on: 10/13/2022

The Realestate Group

Last Buyer's Agent

Noam Srolovitz

Kape Property Management, Inc. License #02069623

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,535 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Rectangular Lot
  • Front Yard
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 3,688 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 19626
  • Assessor Parcel Number 4091014004
  • $1,372 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $238
  • Fuel Expense $326
  • Gardener Expense $780
  • Insurance Expense $9,790
  • Maintenance Expense $3,300
  • Pest Control $775
  • Professional Management Expense $8,500
  • Trash Expense $6,282
  • Water Sewer Expense $2,302
  • New Taxes Expense $17,510
  • Operating Expense $39,220
  • Gross Income $86,232
  • Net Operating Income $4,209

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • Price Per Unit: 266667
  • Professional Management Expense: 8500.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 2302.00
  • Zoning: TORR-OF
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 4091014004
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 393.17

Exterior Features

  • Foundation: Raised
  • Fence: No
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Covered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 775.00
  • Sewer: Public Sewer
  • Trash Expense: 6282.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 5535.00
  • Lot Size Acres: 0.1271

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 238.00
  • Fuel Expense: 326.00
  • Gross Income: 86232.00
  • Gross Scheduled Income: 86660.00
  • Insurance Expense: 9790.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 472.00
  • Lot Size Area: 5535.0000 Square Feet
  • Maintenance Expense: 3300.00
  • Net Operating Income: 4209.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Operating Expense: 3268.00
  • Rent Control: No
  • Total Actual Rent: 7478.00
  • Total Expenses: 39220.00

Tax Info

  • New Taxes Expense: 17510.00
  • Tax Census Tract: 6501.02
  • Tax Lot: 6
  • Tax Tract Number: 19626
  • TaxOtherAnnualAssessmentAmount: 1372.00

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Sold $3,075,000 -0.8% $629 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $3,100,000 -2.5% $634 / Sq Ft
02/05/2025 02/05/25 For Sale $3,180,000 +119.3% $651 / Sq Ft
04/11/2023 04/11/23 Sold $1,450,000 -9.4% $393 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/07/2023 02/07/23 Price Changed $1,600,000 -5.9% $434 / Sq Ft
12/04/2022 12/04/22 For Sale $1,700,000 +17.2% $461 / Sq Ft
11/29/2022 11/29/22 Off Market $1,450,000 -- --
10/13/2022 10/13/22 For Sale $1,700,000 -- $461 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22216931

California Regional Multiple Listing Service (CRMLS)