NOT LISTED FOR SALE

2111 245th St Lomita, CA 90717

Estimated Value: $1,067,707 - $1,205,000

5 Beds
3 Baths
2,368 Sq Ft
$478/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $775,000 $327 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,952/month

About This Home

As of May 2018

Three individual houses situated on an 11,311 square foot lot in the City of Lomita. Added for comp purposes.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 05/09/2018

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 05/09/2018

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,400

Year Built

  • Built in 1921

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • 2,368 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 225
  • Assessor Parcel Number 7374001085

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,066
  • New Taxes Expense $9,688
  • Operating Expense $15,878
  • Gross Income $50,820
  • Net Operating Income $33,418

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,400

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LOR1*
  • Property Type: Residential Income
  • Parcel Number: 7374001085
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 327.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 11311.00
  • Lot Size Acres: 0.2597

Multi Family

  • Gross Income: 50820.00
  • Gross Scheduled Income: 50820.00
  • Insurance Expense: 1066.00
  • Lot Size Area: 11311.0000 Square Feet
  • Net Operating Income: 33418.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15878.00
  • Rent Control: No
  • Total Expenses: 15878.00

Tax Info

  • New Taxes Expense: 9688.00
  • Tax Census Tract: 6700.01
  • Tax Lot: 2
  • Tax Tract Number: 225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Apr 9, 2018
Sold by
Mcnally Mary Margaret
Bought by
Westhoff Douglas James and Westhoff Pamela Lynne
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$1,130,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,927
Avg. Annual Appreciation
5.20%
Original Mortgage
$542,500
Outstanding Balance
$461,669
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$669,258

Purchase Details

Closed on
Jan 29, 2010
Sold by
Bartlett William Pearce
Bought by
Mcnally Mary Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2010
Sold by
Bowlin Joann R
Bought by
Bowlin Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2010
Sold by
Bowlin Tony
Bought by
Mcnally Mary Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2002
Sold by
Wheaton J H and Wheaton Betty L
Bought by
Bowlin Tony and Bowlin Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.86%

Purchase Details

Closed on
Apr 29, 1998
Sold by
Rein Patricia M
Bought by
Wheaton J H and Wheaton Betty L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1996
Sold by
Cooke Pauline and Cooke R Co Tr Cooke Trust
Bought by
The Roger W Miller Trust

Purchase Details

Closed on
Jun 13, 1994
Sold by
Swan Gerald B
Bought by
Rein Patricia M

Purchase Details

Closed on
Oct 26, 1993
Sold by
Swam Gerald B and Cooke Robert
Bought by
Cooke Robert and Cooke Pauline

Purchase Details

Closed on
May 25, 1993
Sold by
Rein Patricia M and Rein Edward N
Bought by
Cooke Robert and Cooke Pauline
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
Westhoff Douglas James $775,000 Fidelity National Title Comp
Mcnally Mary Margaret -- Progressive Title Company
Bowlin Tony -- Progressive Title Company
Mcnally Mary Margaret $675,000 Progressive Title Company
Bowlin Tony $410,000 First American Title Co
Wheaton J H -- --
The Roger W Miller Trust -- --
Rein Patricia M -- --
Swan Gerald B -- --
Cooke Robert -- Title Land Company
Cooke Robert -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westhoff Douglas James $542,500
Previous Owner Mcnally Mary Margaret $405,000
Previous Owner Bowlin Tony $300,000
Previous Owner Wheaton J H $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2018 05/09/18 Sold $775,000 0.0% $327 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $775,000 -- $327 / 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 $11,400 $881,813 $625,804 $256,009
2024 $11,400 $864,524 $613,534 $250,990
2023 $11,206 $847,573 $601,504 $246,069
2022 $10,678 $830,955 $589,710 $241,245
2021 $10,568 $814,663 $578,148 $236,515
2020 $10,653 $806,310 $572,220 $234,090
2019 $10,240 $790,500 $561,000 $229,500
2018 $9,878 $765,756 $340,336 $425,420
2016 $9,423 $736,022 $327,121 $408,901
2015 $8,864 $690,000 $306,700 $383,300
2014 $9,031 $690,000 $306,700 $383,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18109099

California Regional Multiple Listing Service (CRMLS)

APN: 7374-001-085