NOT LISTED FOR SALE

2050 N Terrace Dr Signal Hill, CA 90755

Estimated Value: $1,131,000 - $1,740,000

6 Beds
4 Baths
3,552 Sq Ft
$419/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $1,360,000 $383 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,302/month

18 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Dumbwaiter
  • Alvarado Elementary Rated 9+
  • Dual Staircase
  • No HOA

About This Home

As of December 2022

Once in a lifetime opportunity! Welcome to 2050-2052 N Terrace Drive in Signal Hill. Upon arriving at your new home located on a small, cul-de-sac street, you will know it's home. Both units are mostly a mirror of each other, featuring 3 bedrooms and 2 bathrooms. In each unit, you enter to a formal foyer through double doors. This level has a guest bedroom toward the back and a master suite in front. The guest bedroom has access to a large dumbwaiter from the garage to both the 2nd and 3rd levels. Each master has an attached bathroom with access for the 2nd bedroom as needed. The master suites have wide open, panoramic views from Palos Verdes to Catalina and down to Ocean Blvd. You will have no reason to ever leave your bedroom! On the 3rd floor is the kitchen and living that boasts even wider views of Catalina and Palos Verdes. The kitchen and dining area are connected and great for entertaining. There is a 3rd bedroom behind the kitchen. Both units have a back stairwell that leads down to the huge, 6+ car garage! The garage would be perfect for the car enthusiast needing secure, covered parking, or someone with a home-based business. Both units have central air and heating. This is the ultimate home for relaxing and creative thinking. Imagine yourself sitting on the balcony, enjoying the ocean views and allowing your creative side to write a book, paint a landscape, or just let go and relax. You won't find a better location or opportunity for your next home.

Last Agent to Sell the Property

Richard Daskam

eXp Realty of California Inc License #01091037 Listed on: 10/05/2022

eXp Realty of California Inc

Last Buyer's Agent

Hans Chalco

Realty One Group United License #01922976

Realty One Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,116

Year Built

  • Built in 1963

Lot Details

  • 3,673 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Front Yard

Parking

  • 6 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Duplex
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 3,552 Sq Ft Home
  • Dual Staircase
  • Built-In Features
  • Ceiling Fan
  • Entryway
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Laundry Room

Kitchen

  • Dumbwaiter
  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 4 Full Bathrooms

Outdoor Features

  • Living Room Balcony
  • Patio
  • Exterior Lighting

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 1
  • Assessor Parcel Number 7216003029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Dog Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,116

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Terrace Drive
  • View: Yes
  • Zoning: SHR1*
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 7216003029
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3552.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Built-in Features, Ceiling Fan(s), Dumbwaiter, Living Room Balcony, Storage
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Eating Area: Area, In Living Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 382.88
  • Room Type: Entry, Kitchen, Laundry, Living Room, Master Suite

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • View: Catalina, City Lights, Ocean, Panoramic
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 3673.00
  • Lot Size Acres: 0.0843

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3673.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 5734.02
  • Tax Lot: 59
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Nov 14, 2022
Sold by
Gazerro Peter N
Bought by
Arregui Juan Fernando Fal
Seller's Agent
Richard Daskam
eXp Realty of California Inc
Buyer's Agent
Hans Chalco
Realty One Group United
List Price
$1,200,000
Sold Price
$1,360,000
Premium/Discount to List
$160,000
13.33%
Views
37
Current Estimated Value
$1,488,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,636
Avg. Annual Appreciation
3.20%
Original Mortgage
$1,088,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2003
Sold by
Cobbs Jolie L and The Jolie L Cobbs Trust
Bought by
Gazerro Peter N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,400
Interest Rate
4.04%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 19, 2002
Sold by
Cobbs Jolie
Bought by
Cobbs Jolie L and The Jolie L Cobbs Trust

Purchase Details

Closed on
Mar 1, 1999
Sold by
Mary L Sipprelle Trust and James
Bought by
Cobbs Jolie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.91%
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
Arregui Juan Fernando Fal $1,360,000 Fidelity National Title
Gazerro Peter N $712,000 Natc
Cobbs Jolie L -- --
Cobbs Jolie $360,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arregui Juan Fernando Fal $1,088,000
Previous Owner Gazerro Peter N $498,400
Previous Owner Cobbs Jolie $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $1,360,000 -2.9% $383 / Sq Ft
10/24/2022 10/24/22 Price Changed $1,400,000 +16.7% $394 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $1,200,000 -- $338 / 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 $18,116 $1,414,944 $920,754 $494,190
2024 $18,116 $1,387,200 $902,700 $484,500
2023 $17,821 $1,360,000 $885,000 $475,000
2022 $12,432 $971,719 $657,823 $313,896
2021 $12,184 $952,667 $644,925 $307,742
2019 $12,013 $924,413 $625,798 $298,615
2018 $11,715 $906,288 $613,528 $292,760
2016 $8,805 $700,000 $485,000 $215,000
2015 $8,023 $650,000 $450,000 $200,000
2014 $7,264 $575,000 $342,800 $232,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22216417

California Regional Multiple Listing Service (CRMLS)

APN: 7216-003-029