NOT LISTED FOR SALE

2103 W 157th St Gardena, CA 90249

Gardena Area
19 Beds
8 Baths
11,517 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: August 14, 2013

Last sale price $1,875,000 $163 Per Sq Ft

22 Days on Market

About This Home

As of August 2013

(1) Non-Rent Control Properties with Significant Cash Flow and Value-Added Appeal; (2) For Sale AFTER 49 Years; (3) Mostly 2 bedroom spacious units; (4) PROBATE Sale; (5) Portfolio Sale along with 3 additional properties owned by the same estate. All 4 properties MUST be bought together. Other 3 properties are: 2102 W 157th St., Gardena (APN # 4063-014-011): 2041 S Myrtle Ave. in Monrovia (APN # 8509-032-022), and 2051 S Myrtle Ave. in Mornovia (APN # 8509-032-036).OFFERS/LOIs DUE BY 5:00PM ON FRIDAY, JUNE 7, 2013. PROPERTY TOURS WILL BE SCHEDULED FOR ALL BUYERS THAT SUBMIT A CREDIBLE LOI/OFFER ON THE PORTFOLIO ALONG WITH PROOF OF FUNDS, THE WEEK OF JUNE 10th, 2013.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 05/27/2013

Last Buyer's Agent

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 05/27/2013

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 14,656 Sq Ft Lot

Home Design

  • 11,517 Sq Ft Home

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Attached Carport Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Central Water Heater
  • Sewer in Street

Community Details

  • 12 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4063-012-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11517
  • Probate: Yes
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 147.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 12
  • Parking Garage: Carport Attached
  • Total Parking: 12

Utilities

  • Water Heater: Central Water Heater
  • Electric Expense: 1080.00
  • Heating: Wall Gas
  • Sewer: In Street
  • Water: Meter on Property
  • Water Expense: 4920.00

Condo/Co-op/Association

  • Professional Management: 7829.00

Fee Information

  • Gas Expense: 1800.00
  • Insurance Expense: 3000.00
  • Maintenance Expense: 7015.00
  • Other Expense: 300.00
  • Trash Expense: 3396.00

Lot Info

  • Assessed Improvement Value: 178783
  • Assessed Land Value: 108309
  • Assessor Parcel Number: 4063-012-001
  • Geocode Override: No
  • Lot Size Area: 14656

Rental Info

  • Court Approve: No
  • Total Actual Rent: 172980.00
  • Monthly Gross Income: 14615.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.69
  • Gross Scheduled Income: 175380.00
  • Number Of Units: 12
  • Rent Control: 0
  • Type Of Units: Multi-Family

Tax Info

  • Tax Expense: 19125.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2013
Closed on
Jul 2, 2013
Sold by
Bought by
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Vinny Jain
Ingenious Asset Group, Inc.
List Price
$1,700,000
Sold Price
$1,875,000
Premium/Discount to List
$175,000
10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 13, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,875,018 Chicago Title Company
-- North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,250,000
Closed $2,200,000
Closed $1,700,000
Closed $1,400,000
Previous Owner $585,000
Previous Owner $415,000
Previous Owner $65,000
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2013 08/14/13 Sold $1,875,000 +10.3% $163 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
05/27/2013 05/27/13 For Sale $1,700,000 -- $148 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $31,038 $2,298,481 $1,103,272 $1,195,209
2024 $29,837 $2,253,414 $1,081,640 $1,171,774
2023 $29,315 $2,209,231 $1,060,432 $1,148,799
2022 $27,917 $2,165,914 $1,039,640 $1,126,274
2021 $27,613 $2,123,446 $1,019,255 $1,104,191
2019 $26,746 $2,060,695 $989,024 $1,071,671
2018 $26,346 $2,020,295 $969,632 $1,050,663
2016 $25,094 $1,941,626 $931,981 $1,009,645
2015 $24,683 $1,912,462 $917,982 $994,480
2014 $24,705 $1,875,000 $900,000 $975,000
Source: Public Records

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Map

Source: The MLS

MLS Number: 13-675597

The MLS
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