NOT LISTED FOR SALE

1807 254th St Lomita, CA 90717

Estimated Value: $1,972,000 - $1,972,279

10 Beds
5 Baths
3,840 Sq Ft
$514/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $1,000,000 $260 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $12,565/month

4 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Heating System Uses Natural Gas
  • 13,319 Sq Ft lot
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2016

Rare units on a large 13,319 Sq.Ft. lot. possibly THE BEST opportunity available in the South Bay "perfect for owner occupied". front house with private backyard + two detached single level duplexes with private patios and a 5 car garage/carport located on a desirable tree lined street of Lomita with "NO RENT CONTROL". 100% occupied.

Last Agent to Sell the Property

Ron Teixeira

EPLA Ventures Inc License #00935747 Listed on: 03/25/2016

EPLA Ventures Inc

Last Buyer's Agent

Ron Teixeira

EPLA Ventures Inc License #00935747 Listed on: 03/25/2016

EPLA Ventures Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,706

Year Built

  • Built in 1958

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 50 x 267
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Private Yard

Parking

  • 5 Car Garage
  • Carport
  • Parking Available

Home Design

  • Property Attached
  • Tar and Gravel Roof

Interior Spaces

  • 3,840 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 285
  • Assessor Parcel Number 7410014049

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Cable TV Expense $1,034
  • Electric Expense $500
  • Insurance Expense $1,956
  • Maintenance Expense $706
  • Trash Expense $1,976
  • Water Sewer Expense $1,591
  • New Taxes Expense $13,750
  • Gross Income $73,960
  • Net Operating Income $53,547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,706

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 1591.00
  • Property Type: Residential Income
  • Parcel Number: 7410014049
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground Level No Steps,Living Room
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 260.42

Exterior Features

  • Pool Private: No
  • Roof: Tar/Gravel

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 1976.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Yard
  • Lot Size: 50 x 267
  • Lot Size Sq Ft: 13319.00
  • Price Per Lot Square Foot: 75.08

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 768
  • Cable TV Expense: 1034.00
  • Electric Expense: 500.00
  • Gross Income: 73960.00
  • Gross Multiplier: 14.60
  • Gross Scheduled Income: 75060.00
  • Insurance Expense: 1956.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 706.00
  • Net Operating Income: 53547.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 21513.00
  • Rent Control: No
  • Total Actual Rent: 6155.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Lot: 9
  • Tax Tract Number: 285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2019
Sold by
Khan Khalid B and Khan Ghazala N
Bought by
Pinnacle Heritage Llc
Current Estimated Value
$1,972,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.6%

Purchase Details

Listed on
Mar 25, 2016
Closed on
Apr 13, 2016
Sold by
Alan Seppo I and Alan Anita M
Bought by
Khan Khalid B and Khan Ghazala N
Seller's Agent
Ron Teixeira
EPLA Ventures Inc
Buyer's Agent
Ron Teixeira
EPLA Ventures Inc
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$635,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2010
Sold by
Alan Seppo I
Bought by
Alan Seppo I and Alan Anita M

Purchase Details

Closed on
Apr 22, 2010
Sold by
Alan Seppo I
Bought by
Alan Seppo I and Alan Anita M

Purchase Details

Closed on
Nov 17, 1999
Sold by
Alan Anita M
Bought by
Alan Seppo I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 1999
Sold by
Boyce Carie J Tr Carie J Boyce Trust
Bought by
Alan Seppo I and Houvari Lauri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 1995
Sold by
Eide Leroy Roger and Eide Marian Shirley
Bought by
Kennedy Carie J and Carr James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
8.51%
Mortgage Type
Commercial
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
Pinnacle Heritage Llc $1,390,000 North American Title Company
Khan Khalid B $1,000,000 Progressive Title Company
Alan Seppo I -- None Available
Alan Seppo I -- Gateway Title
Alan Seppo I $369,500 --
Kennedy Carie J $310,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinnacle Heritage Llc $746,000
Closed Pinnacle Heritage Llc $385,000
Previous Owner Khan Khalid B $635,000
Previous Owner Alan Seppo I $190,775
Previous Owner Alan Seppo I $225,000
Previous Owner Kennedy Carie J $232,500
Closed Kennedy Carie J $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2016 05/19/16 Sold $1,000,000 -9.1% $260 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $1,100,000 -- $286 / 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
2024 $19,706 $1,490,358 $1,329,529 $160,829
2023 $19,371 $1,461,136 $1,303,460 $157,676
2022 $18,462 $1,432,487 $1,277,902 $154,585
2021 $18,278 $1,404,400 $1,252,846 $151,554
2020 $18,436 $1,390,000 $1,240,000 $150,000
2019 $14,240 $1,061,207 $636,724 $424,483
2018 $13,946 $1,040,400 $624,240 $416,160
2016 $7,168 $479,079 $334,970 $144,109
2015 $7,061 $471,884 $329,939 $141,945
2014 $7,080 $462,641 $323,476 $139,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16062500

California Regional Multiple Listing Service (CRMLS)

APN: 7410-014-049