NOT LISTED FOR SALE
11 Beds
10 Baths
5,302 Sq Ft
8,101 Sq Ft Lot

Last Sold September 24, 2021

Last sale price $1,540,000 $290 Per Sq Ft

161 Days on Market

About This Home

As of September 2021

This 5 unit apartment building is a great opportunity for an investor or owner/user. Front unit is 3-bedroom and 2.5 bath with one car garage. Built in 1989 and fully occupied. Tenants are all current on their rents. This property is located in Torrance with convenient access to Fwy 110 & 405. High demand rental area.

Last Agent to Sell the Property

Jerry Hsu

Shu-Hui Hsu License #01316593 Listed on: 03/17/2021

Last Buyer's Agent

Kimiyasu Murayoshi

Andrew C. Lee License #01329437

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,101 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 9 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,302 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 23 / 42
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351011025

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $66
  • Insurance Expense $2,655
  • Trash Expense $4,486
  • Water Sewer Expense $3,352
  • New Taxes Expense $16,200
  • Operating Expense $27,643
  • Gross Income $94,200
  • Net Operating Income $66,557

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Water Sewer Expenses: 3352.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7351011025
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 290.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4486.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8101.00
  • Lot Size Acres: 0.1860

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 66.00
  • Gross Income: 94200.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 2655.00
  • Lot Size Area: 8101.0000 Square Feet
  • Net Operating Income: 66557.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 27643.00
  • Rent Control: No
  • Total Expenses: 27643.00

Tax Info

  • New Taxes Expense: 16200.00
  • Tax Block: 42
  • Tax Census Tract: 2920.00
  • Tax Lot: 23
  • Tax Tract Number: 4983

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $1,540,000 -4.9% $290 / Sq Ft
03/17/2021 03/17/21 For Sale $1,620,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21056245

California Regional Multiple Listing Service (CRMLS)