NOT LISTED FOR SALE

Estimated Value: $1,475,000 - $1,780,655

8 Beds
5 Baths
3,774 Sq Ft
$438/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $1,505,000 $399 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,477/month

15 Days on Market

About This Home

As of January 2023

Outstanding Northwest Torrance Location | 1977 Construction | Great Unit Mix of 2-Bedroom & 4-Bedroom Units | 3,774-Square Feet of Living Space on 6,389-Square Foot Corner Lot | Approximately 31% in Rental Upside - 4.85% Pro-Forma Cap Rate & 13.59 Pro-Forma GRM | No Local Rent Control - Defaults to AB 1482 | Located Approximately 1.5 Miles from South Bay Galleria & 4 Miles from the Beach & Hermosa Beach Pier | Five Garage Parking Spaces | Perfect Owner-User Opportunity Qualifies for Residential Financing

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 11/08/2022

Last Buyer's Agent

Sam Lou

Berkshire Hathaway HomeServices California Propert License #01221157

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,799

Year Built

  • Built in 1977

Lot Details

  • 6,389 Sq Ft Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,774 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Community Details

  • 3 Units
  • Vacancy Allowance $3,432

Listing and Financial Details

  • Assessor Parcel Number 4091-016-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,799

Year Built

Built in 1977

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3774
  • Lot Acreage: 0.1467
  • Price Per Unit: 508333.00
  • Stories: 2
  • Year Built: 1977
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 404.08

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Number Electric Meters: 3
  • Number Gas Meters: 3

Lot Info

  • Assessed Improvement Percent: 41.67
  • Assessed Improvement Value: 435146
  • Assessed Land Percent: 58.33
  • Assessed Land Value: 609207
  • Total Assessed Value: 1044353
  • Assessor Parcel Number: 4091-016-025
  • Lot Size Area: 6389

Rental Info

  • Total Actual Rent: 85800.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.77
  • Number Of Units: 3
  • Total Annual Expense: 33763
  • Type Of Units: 4+3, 2+1
  • Vacancy Allow: 3432
  • Vacancy Allow Percent: 4.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 19063.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 12, 2022
Sold by
Amjf Llc
Bought by
Mae Family Trust
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Sam Lou
Berkshire Hathaway HomeServices California Propert
List Price
$1,525,000
Sold Price
$1,505,000
Premium/Discount to List
-$20,000
-1.31%
Views
7
Current Estimated Value
$1,653,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,914
Avg. Annual Appreciation
2.71%
Original Mortgage
$525,000
Outstanding Balance
$508,527
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$1,104,754

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 9, 2022
Sold by
Mae Family Trust
Bought by
Fung Arnie and Fung Zhong Jin
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Sam Lou
Berkshire Hathaway HomeServices California Propert
List Price
$1,525,000
Sold Price
$1,505,000
Premium/Discount to List
-$20,000
-1.31%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$508,527
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$1,104,754

Purchase Details

Closed on
Apr 18, 2013
Sold by
Noguchi Hiroo and Noguchi Ming Fu
Bought by
Amjf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2005
Sold by
Sawada Alex and Sawada Sachiko
Bought by
Noguchi Hiroo and Noguchi Ming Fu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,700
Interest Rate
5.75%
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
Mae Family Trust -- Old Republic Title
Fung Arnie $1,505,000 Old Republic Title Company
Amjf Llc $900,000 Title 365
Noguchi Hiroo $898,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fung Arnie $525,000
Previous Owner Amjf Llc $585,000
Previous Owner Noguchi Hiroo $583,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $1,505,000 -1.3% $399 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $1,525,000 +69.4% $404 / Sq Ft
07/01/2013 07/01/13 Sold $900,000 -4.2% $238 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
04/03/2013 04/03/13 For Sale $939,000 -- $249 / Sq Ft
Source: The MLS

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 $17,799 $1,565,802 $832,320 $733,482
2024 $17,799 $1,535,100 $816,000 $719,100
2023 $12,586 $1,065,239 $621,391 $443,848
2022 $12,417 $1,044,353 $609,207 $435,146
2021 $12,184 $1,023,876 $597,262 $426,614
2019 $11,833 $993,509 $579,548 $413,961
2018 $11,466 $974,030 $568,185 $405,845
2016 $10,939 $936,210 $546,123 $390,087
2015 $10,703 $922,148 $537,920 $384,228
2014 $10,430 $904,085 $527,383 $376,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-216573

The MLS

APN: 4091-016-025