NOT LISTED FOR SALE

1941 252nd St Lomita, CA 90717

Estimated Value: $989,000 - $1,491,000

6 Beds
4 Baths
2,552 Sq Ft
$489/Sq Ft Est. Value

Last Sold September 16, 2015

Last sale price $853,000 $334 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,709/month

55 Days on Market

About This Home

As of September 2015

**PRICE REDUCTION*** UNIQUE INVESTMENT OPPORTUNITY: 4 Units + Contiguous Lot being sold together. Great opportunity to boost income off of the property. The properties are located in a high rental demand area of one of Lomita’s nicer single family residential communities. This rare Lomita 4-plex consists of a 2,552 sq. ft. structure, built in 1963. The units are comprised of (2) 2 bedroom & 1 bath units, (2) 1 bedroom & 1 bath units and a 4 car garage. (APN #7375-016-019). The Units are separately metered for electrical and gas. The rear lot, (APN#7375-016-086) is 2,448 sq. ft. Adjacent to the lot and on the 4 unit property rests a detached 2 car garage. [Buyer to verify information with city and regarding possibility of building a 1,300 sq. ft. owner’s unit on lot.] Both properties are being sold together. See Cross Property Listing for Lot ML#: SB15143821

Last Agent to Sell the Property

Greg Becker

Becker Real Estate Group, Inc. License #01319027 Listed on: 06/22/2015

Last Buyer's Agent

Haidee Fernandez

6000 Capital Legacy Inc. License #01945302

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,802

Year Built

  • Built in 1963

Lot Details

  • 4,446 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 2,552 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Eco-Friendly Details

  • Water-Smart Landscaping

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 241
  • Assessor Parcel Number 7375016019

Community Details

Overview

  • No Home Owners Association

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,713
  • Trash Expense $128
  • Water Sewer Expense $273
  • New Taxes Expense $1,250
  • Operating Expense $16,263
  • Gross Income $3,935
  • Net Operating Income $30,957

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,802

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.50
  • Property Attached: No
  • Water Sewer Expenses: 273.00
  • Property Type: Residential Income
  • Parcel Number: 7375016019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 334.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 128.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 4445
  • Lot Size Sq Ft: 4446.00
  • Price Per Lot Square Foot: 191.86
  • Lot Size Acres: 0.1020

Multi Family

  • Gross Income: 3935.00
  • Gross Scheduled Income: 47220.00
  • Insurance Expense: 1713.00
  • Lot Size Area: 4446.0000 Square Feet
  • Net Operating Income: 30957.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Operating Expense: 16263.00
  • Other Income Description: Rear Garage and Lot Rental
  • Rent Control: No
  • Total Actual Rent: 3645.00
  • Total Expenses: 16263.00

Tax Info

  • New Taxes Expense: 1250.00
  • Tax Lot: 11
  • Tax Tract Number: 241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2015
Closed on
Sep 14, 2015
Sold by
Torrance Elizabeth E
Bought by
Chang Gary K and Chang Betty S
Seller's Agent
Greg Becker
Becker Real Estate Group, Inc.
Buyer's Agent
Haidee Fernandez
6000 Capital Legacy Inc.
List Price
$999,999
Sold Price
$853,000
Premium/Discount to List
-$146,999
-14.7%
Current Estimated Value
$1,246,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,667
Avg. Annual Appreciation
3.51%

Purchase Details

Closed on
Feb 21, 2013
Sold by
Torrance Elizabeth E
Bought by
Torrance Elizabeth E and The Torrance Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,500
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2005
Sold by
Torrance Daniel J and Torrance Elizabeth E
Bought by
Torrance Elizabeth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1997
Sold by
Fidelity Federal Bank Fsb
Bought by
Torrance Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.56%

Purchase Details

Closed on
May 22, 1996
Sold by
Innes Robert C and Innes Diana L
Bought by
Fidelity Federal Bank Fsb

Purchase Details

Closed on
Nov 15, 1994
Sold by
Zelhart David and Zelhart Elissa E
Bought by
Innes Robert C
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
Chang Gary K $853,000 None Available
Torrance Elizabeth E -- Progressive Title Company
Torrance Daniel J $215,000 North American Title
Fidelity Federal Bank Fsb $220,000 American Title Ins Co
Innes Robert C -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torrance Elizabeth $451,500
Previous Owner Torrance Elizabeth E $380,000
Previous Owner Torrance Daniel J $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2015 09/16/15 Sold $853,000 -14.7% $334 / Sq Ft
08/26/2015 08/26/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $999,999 -- $392 / 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 $12,802 $997,935 $591,896 $406,039
2024 $12,802 $978,369 $580,291 $398,078
2023 $12,581 $959,186 $568,913 $390,273
2022 $11,982 $940,379 $557,758 $382,621
2021 $11,861 $921,941 $546,822 $375,119
2019 $11,490 $894,598 $530,604 $363,994
2018 $11,338 $877,057 $520,200 $356,857
2016 $10,855 $843,000 $500,000 $343,000
2015 $4,301 $284,566 $216,817 $67,749
2014 $4,315 $278,992 $212,570 $66,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15143790

California Regional Multiple Listing Service (CRMLS)

APN: 7375-016-019