NOT LISTED FOR SALE

20618 S Western Ave Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $1,123,688 - $1,217,000

8 Beds
4 Baths
3,420 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $1,150,000 $336 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,182/month

12 Days on Market

About This Home

As of July 2024

Welcome to this fantastic quadruplex in the city of Torrance is an exceptional investment opportunity. Each of the four units features a spacious layout with 2 bedrooms, 1 bathroom, some units had updated kitchen, and a comfortable living room. With its prime location and 7 parking spaces, this property promises great rental potential and steady income. The owners would like to deliver possession of two O/O units within 30 days after (COE).

Last Agent to Sell the Property

Amir Amiri

Merit Real Estate Brokerage Email: Amir@meritrealestate.com License #01041226 Listed on: 05/30/2024

Last Buyer's Agent

Joe LaCroix

Keller Williams Beverly Hills License #01248586

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,324

Year Built

  • Built in 1957

Lot Details

  • 6,388 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,420 Sq Ft Home
  • 2-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 26 / 51
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351008026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,324

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7351008026
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 336.26

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: No
  • Appliances: Gas Range
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6388.00
  • Lot Size Acres: 0.1466
  • Latitude Manual: 33.84315100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 6388.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: Yes
  • Total Actual Rent: 2500.00

Tax Info

  • Tax Block: 51
  • Tax Lot: 26
  • Tax Tract Number: 4983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 19, 2024
Sold by
Miranda Estrellita
Bought by
Garcia Ricardo Alberto and Rodriguez Silvia
Seller's Agent
Amir Amiri
Merit Real Estate
Buyer's Agent
Joe LaCroix
Keller Williams Beverly Hills
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
Views
7
Current Estimated Value
$1,185,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,922
Avg. Annual Appreciation
2.49%
Original Mortgage
$862,500
Outstanding Balance
$852,119
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$333,803

Purchase Details

Closed on
Dec 19, 2007
Sold by
Miranda Candido
Bought by
Miranda Estrellita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2007
Sold by
Martin Robert S
Bought by
Miranda Estrellita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 1999
Sold by
Martinez Rita
Bought by
Martin Rita and Rita Martin Trust

Purchase Details

Closed on
Apr 28, 1995
Sold by
Martinez Bernardo
Bought by
Martinez Rita and Martin Rita
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Garcia Ricardo Alberto $1,150,000 Lawyers Title
Miranda Estrellita -- Lawyers Title
Miranda Estrellita $675,000 Lawyers Title
Martin Rita -- --
Martinez Rita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Ricardo Alberto $862,500
Previous Owner Miranda Estrellita $506,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $1,150,000 +4.5% $336 / Sq Ft
06/12/2024 06/12/24 For Sale $1,100,000 -4.3% $322 / Sq Ft
06/11/2024 06/11/24 Off Market $1,150,000 -- --
06/11/2024 06/11/24 For Sale $1,100,000 -4.3% $322 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/10/2024 06/10/24 Off Market $1,150,000 -- --
05/30/2024 05/30/24 For Sale $1,100,000 -- $322 / 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 $11,324 $1,150,000 $700,000 $450,000
2024 $11,324 $869,224 $450,708 $418,516
2023 $11,107 $852,181 $441,871 $410,310
2022 $10,608 $835,472 $433,207 $402,265
2021 $10,460 $819,091 $424,713 $394,378
2019 $10,153 $795,839 $412,117 $383,722
2018 $9,998 $780,256 $404,037 $376,219
2016 $9,614 $748,960 $388,349 $360,611
2015 $9,469 $737,711 $382,516 $355,195
2014 $8,006 $600,000 $329,600 $270,400
Source: Public Records

Agents Affiliated with this Home

  • Amir Amiri

    Seller's Agent in 2024

    Amir Amiri

    Merit Real Estate

    (310) 379-4444

    2 in this area

    134 Total Sales

    Amir Amiri
    Section Image
  • Joe LaCroix

    Buyer's Agent in 2024

    Joe LaCroix

    Keller Williams Beverly Hills

    (310) 699-7804

    2 in this area

    18 Total Sales

    Joe LaCroix
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24105923

California Regional Multiple Listing Service (CRMLS)

APN: 7351-008-026

California Los Angeles County Torrance 90501 Harbor Gateway

20618 S Western Ave, Torrance, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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