NOT LISTED FOR SALE

1917 257th St Lomita, CA 90717

Estimated Value: $966,000 - $1,047,000

5 Beds
3 Baths
1,761 Sq Ft
$582/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $725,000 $412 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,203/month

32 Days on Market

Highlights

  • No HOA
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Laundry Room
  • Wall Furnace
  • 1-minute walk to Veterans Park

About This Home

As of June 2018

Great location for this duplex. This easy to maintain property has not been on market for almost 20 years. Front unit has 3 Bedrooms 2 Bathrooms and the back unit is a 2 Bed 1 Bath. Inside laundry for each unit and two 2 car garages! This could be a great opportunity to live in one unit and rent out the other or for an investor looking for a low maintenance income property. Please do not disturb occupants or attempt to access the property with out an appointment.

Last Agent to Sell the Property

David Castle

Realty OC Inc License #01836161 Listed on: 04/27/2018

Last Buyer's Agent

Jacquelin Welter

Vista Sotheby’s International Realty License #00572475

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 4,899 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,761 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 4263
  • Assessor Parcel Number 7375020012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $701
  • Trash Expense $755
  • Water Sewer Expense $600
  • New Taxes Expense $10,642
  • Operating Expense $12,698
  • Gross Income $37,500
  • Net Operating Income $35,444

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

4,899 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Zoning: LOR1*
  • Property Type: Residential Income
  • Parcel Number: 7375020012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 411.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 755.00
  • Water Source: Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 4899.00

Multi Family

  • Gross Income: 37500.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 701.00
  • Net Operating Income: 35444.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2056.00
  • Rent Control: No
  • Total Actual Rent: 37500.00
  • Total Expenses: 12698.00

Tax Info

  • New Taxes Expense: 10642.00
  • Tax Census Tract: 6700.02
  • Tax Lot: 5
  • Tax Tract Number: 4263

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jun 12, 2018
Sold by
Ferstadt Shirley Ann
Bought by
Bloom Emmett M
Seller's Agent
David Castle
Realty OC Inc
Buyer's Agent
Jacquelin Welter
Vista Sotheby’s International Realty
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Current Estimated Value
$1,024,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,238
Avg. Annual Appreciation
4.57%
Original Mortgage
$543,750
Outstanding Balance
$471,305
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$552,933

Purchase Details

Closed on
Feb 25, 2010
Sold by
Ferstadt Ronald and Ferstadt Shirley Ann
Bought by
Ferstadt Ronald

Purchase Details

Closed on
Apr 25, 2000
Sold by
Family Trust Saucke Lawrence And Maxine Trs S
Bought by
Ferstadt Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.24%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bloom Emmett M $725,000 Lawyers Title
Ferstadt Ronald -- None Available
Ferstadt Ronald $185,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bloom Emmett M $543,750
Previous Owner Ferstadt Ronald $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $725,000 -3.3% $412 / Sq Ft
05/30/2018 05/30/18 For Sale $750,000 +3.4% $426 / Sq Ft
05/27/2018 05/27/18 Off Market $725,000 -- --
04/27/2018 04/27/18 For Sale $750,000 -- $426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,482 $836,301 $625,804 $210,497
2024 $10,482 $819,904 $613,534 $206,370
2023 $10,300 $803,828 $601,504 $202,324
2022 $9,801 $788,067 $589,710 $198,357
2021 $9,694 $772,616 $578,148 $194,468
2019 $9,386 $749,700 $561,000 $188,700
2018 $3,543 $249,880 $202,611 $47,269
2016 $3,382 $240,180 $194,745 $45,435
2015 $3,329 $236,573 $191,820 $44,753
2014 $3,336 $231,940 $188,063 $43,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18099980

California Regional Multiple Listing Service (CRMLS)

APN: 7375-020-012

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