NOT LISTED FOR SALE

2117 Border Ave Torrance, CA 90501

East Torrance Neighborhood

Estimated Value: $1,144,000 - $1,436,980

4 Beds
3 Baths
2,210 Sq Ft
$572/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,290,000 $584 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,926/month

74 Days on Market

Highlights

  • Unit is on the top floor
  • RV Access or Parking
  • Living Room
  • Torrance Elementary School Rated A-
  • Traditional Architecture
  • Laundry Room

About This Home

As of October 2022

**Completly Vacant TRIPLEX In Old Town Torrance**. Two 1bed/1bath units have been completely remodeled recently, with new floors, kitchen, bathrooms, paint, and baseboards, just to name a few.This Triplex comes with two garages one is a 2 car the other is a 1 car garage that currently has existing plumbing with a toilet and shower nozzle making this great for a studio conversion. The 3rd (back unit) is an upper level unit with a brand new staircase and has its own private access from the alley with two parking spaces. The lot is spacious with very low maintenance. New owner can charge current market rates or Air B&B/VRBO to maximize profits. All units come with separate gas and electric meters. Call now for a private showing!!

Last Agent to Sell the Property

Team Michael Hilgenberg w/ Keller Will

Keller Williams Realty License #00938044 Listed on: 07/18/2022

Keller Williams Realty

Co-Listed By

Michael Gardenhire

Keller Williams Realty License #02020962

Last Buyer's Agent

Amanda Subatis

Vista Sotheby's International Realty License #02067108

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,900

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,210 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 3 Car Garage
  • RV Access or Parking
  • 2 Assigned Parking Spaces

Utilities

  • Wall Furnace
  • Property is located within a water district
  • Water Heater

Additional Features

  • 6,900 Sq Ft Lot
  • Unit is on the top floor

Listing and Financial Details

  • Tenant pays for air cond/heat main, electricity, water, gas, cable TV
  • Assessor Parcel Number 7357022010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Operating Expense $64,800
  • Gross Income $111,921
  • Net Operating Income $47,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

6,900 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Two
  • Building Style: Traditional
  • Entry Location: Main Level, Top Level
  • Included In Sale: 2 one bedroom units offered turnkey
  • List Price per Sq Ft: 610.86
  • Lp Sp Ratio: 0.9600
  • Water District Name: LAWP
  • Year Built: 1946
  • Co Listing Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Co Listing Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Co Listing Office Fax: (760) 770-9510
  • Internal Listing I D: 20220715200426181944000000
  • Listing I D: 219082029
  • Listing Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-9510
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 2501 N. Sepulveda Blvd., 2nd Floor, Manhattan Beach, CA 90266
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Laundry Equipment: Hook-Ups
  • Laundry: Laundry Area
  • Estimated Sq Ft: 2210.00

Garage/Parking

  • Parking: Assigned
  • Parking Info Total Covered Spaces: 3.00
  • Parking Info Total Garage Spaces: 3.00
  • Parking Info Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 3
  • Cooling Type: Ceiling Fan(s)
  • Heating: Wall Furnace
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Number Gas Meter: 3
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 7357022010
  • Lot Description: Single Lot
  • Lot Size: 6900.00

Rental Info

  • Tenant Pays: Air Cond/Heat Main, Electricity, Water, Gas, Cable TV
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 2, 2022
Sold by
Mercado Luis M
Bought by
Perri Michael
Seller's Agent
Team Michael Hilgenberg w/ Keller Will
Keller Williams Realty
Buyer's Agent
Amanda Subatis
Vista Sotheby's International Realty
List Price
$1,350,000
Sold Price
$1,290,000
Premium/Discount to List
-$60,000
-4.44%
Views
12
Current Estimated Value
$1,264,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,005
Avg. Annual Appreciation
-0.57%
Original Mortgage
$967,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2020
Closed on
Mar 5, 2020
Sold by
Pl Properties Llc
Bought by
Mercado Luis
Seller's Agent
Joubin Manoochehri
JNM Realty, INC.
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$600,000
Sold Price
$740,000
Premium/Discount to List
$140,000
23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.73%
Original Mortgage
$555,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2020
Closed on
Feb 3, 2020
Sold by
Dwyer Michael J and Michael J Dwyer Living Trust
Bought by
Siddha Yoga Dham Affilliate Of Sothern C
Seller's Agent
Joubin Manoochehri
JNM Realty, INC.
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$600,000
Sold Price
$740,000
Premium/Discount to List
$140,000
23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2020
Closed on
Feb 2, 2020
Sold by
Siddha Yoga Dham Affiliate Of Socal
Bought by
Pi Properties Llc
Seller's Agent
Joubin Manoochehri
JNM Realty, INC.
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$600,000
Sold Price
$740,000
Premium/Discount to List
$140,000
23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2015
Sold by
Dwyer Michael J
Bought by
Dwyer Michael J and Michael J Dwyer Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perri Michael $1,290,000 Ticor Title
Mercado Luis $740,000 North American Title Company
Siddha Yoga Dham Affilliate Of Sothern C -- North American Title Company
Pi Properties Llc $600,000 North American Title Company
Dwyer Michael J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perri Michael $967,500
Previous Owner Mercado Luis $555,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $1,290,000 -4.4% $584 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $1,350,000 +82.4% $611 / Sq Ft
03/19/2020 03/19/20 Sold $740,000 +23.3% $1,156 / Sq Ft View Prior Sale
01/30/2020 01/30/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $600,000 -- $938 / Sq Ft
Source: California Desert Association of REALTORS®

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 $15,260 $1,342,116 $936,360 $405,756
2024 $15,260 $1,315,800 $918,000 $397,800
2023 $14,976 $1,290,000 $900,000 $390,000
2022 $10,260 $860,522 $618,340 $242,182
2021 $10,073 $843,650 $606,216 $237,434
2020 $3,362 $246,243 $137,329 $108,914
2019 $3,315 $241,416 $134,637 $106,779
2018 $3,153 $236,684 $131,998 $104,686
2016 $2,995 $227,495 $126,873 $100,622
2015 $2,931 $224,079 $124,968 $99,111
2014 $2,877 $219,691 $122,521 $97,170
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller Co-Listing Agent in 2022

    Michael Gardenhire

    Keller Williams Realty

  • Amanda Subatis

    Buyer's Agent in 2022

    Amanda Subatis

    Vista Sotheby's International Realty

    (310) 633-1330

    1 in this area

    47 Total Sales

    Amanda Subatis
    Section Image

  • J

    Seller's Agent in 2020

    Joubin Manoochehri

    JNM Realty, INC.

    (310) 923-1732

    5 Total Sales

    Joubin Manoochehri
    Section Image

  • D

    Buyer's Agent in 2020

    David Harrington

    Matthews Real Estate Investment Services

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219082029

California Desert Association of REALTORS®

APN: 7357-022-010

California Los Angeles County Torrance 90501 East Torrance

2117 Border Ave, Torrance, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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