NOT LISTED FOR SALE

2162 255th St Lomita, CA 90717

Estimated Value: $1,141,000 - $1,692,000

4 Beds
4 Baths
2,926 Sq Ft
$504/Sq Ft Est. Value

Last Sold May 13, 2014

Last sale price $770,000 $263 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $8,748/month

57 Days on Market

Highlights

  • Parking available for a boat
  • No HOA
  • 7 Car Direct Access Garage
  • 0.57 Acre Lot

About This Home

As of May 2014

Rare Opportunity. four rent producing units on a huge 24,926 lot with room to build, zoned Lomita General commercial [Buyer to verify]. A Seven car garage, the seller was using 5 of them and will be vacant at the close of escrow. Two storage shed, a huge avocado tree and a vegetable garden. The property is older, but been very well maintained and professionally managed.
2162 = bachelor unit with storage shed
2162 1/2 = 1-bedroom, 2- story with attached garage
2164 = 2-bedroom, 1-bath, 1-car detached garage & storage shed
2166 = 1-bedroom, 1-bath, no garage

Last Agent to Sell the Property

John Duston

Duston Real Estate Services License #00908149 Listed on: 03/10/2014

Last Buyer's Agent

sako Baghoyan

Keller Williams South Bay License #01459153

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,315

Year Built

  • Built in 1940

Lot Details

  • 0.57 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Direct Access Garage
  • Parking Available
  • Parking available for a boat
  • RV Access or Parking
  • Assigned Parking

Home Design

  • 2,926 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 133
  • Tax Tract Number 848
  • Assessor Parcel Number 7375024006

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,000
  • Insurance Expense $1,551
  • Maintenance Expense $70
  • Other Expense $1,367
  • Pest Control $125
  • Professional Management Expense $2,415
  • Supplies Expense $569
  • Trash Expense $1,381
  • Water Sewer Expense $1,641
  • New Taxes Expense $10,000
  • Gross Income $4,175
  • Net Operating Income $27,886

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,315

Year Built

Built in 1940

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • CapRate: 3.49
  • Professional Management Expense: 2415.00
  • Property Attached: Yes
  • Supplies Expense: 569.00
  • View: No
  • Water Sewer Expenses: 1641.00
  • Zoning: LOGC*
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 7375024006
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 263.16

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Boat, Direct Garage Access, Oversized, RV Access/Parking
  • Total Parking Spaces: 10.00

Utilities

  • Pest Control Expense: 125.00
  • Sewer: Sewer Paid
  • Trash Expense: 1381.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24960.00
  • Lot Size Acres: 0.5730

Multi Family

  • Gross Income: 4175.00
  • Gross Multiplier: 15.97
  • Gross Scheduled Income: 50100.00
  • Insurance Expense: 1551.00
  • Lot Size Area: 24960.0000 Square Feet
  • Maintenance Expense: 70.00
  • Net Operating Income: 27886.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12214.00
  • Other Expense: 1367.00
  • Other Expense Description: reapirs
  • Rent Control: No
  • Total Actual Rent: 4175.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Lot: 133
  • Tax Tract Number: 848
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2014
Closed on
May 14, 2014
Sold by
Mardirossian Raffy and Mardirossian Loucie
Bought by
Mardirossian Raffy and Mardirossian Louci
Seller's Agent
John Duston
Duston Real Estate Services
Buyer's Agent
sako Baghoyan
Keller Williams South Bay
List Price
$925,000
Sold Price
$770,000
Premium/Discount to List
-$155,000
-16.76%
Current Estimated Value
$1,395,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,092
Avg. Annual Appreciation
5.95%
Original Mortgage
$577,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2014
Closed on
Apr 2, 2014
Sold by
Luera Sheryl E and Luera Robert E
Bought by
Mardirossian Raffy and Mardirossian Loucie
Seller's Agent
John Duston
Duston Real Estate Services
Buyer's Agent
sako Baghoyan
Keller Williams South Bay
List Price
$925,000
Sold Price
$770,000
Premium/Discount to List
-$155,000
-16.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2000
Sold by
Luera Shirley L and The Robert E & Shirley L Luera
Bought by
Luera Shirley L E and Luera Robert E

Purchase Details

Closed on
Mar 11, 1997
Sold by
Luera Robert E and Luera Shirley L
Bought by
Luera Robert E and Luera Shirley L
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
Mardirossian Raffy -- Accommodation
Mardirossian Raffy $800,000 Ticor Title
Luera Shirley L E -- --
Luera Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mardirossian Raffy $478,500
Closed Mardirossian Raffy $577,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2014 05/13/14 Sold $770,000 -16.8% $263 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $925,000 -- $316 / 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 $13,315 $1,006,410 $520,987 $485,423
2024 $13,315 $986,677 $510,772 $475,905
2023 $13,092 $967,331 $500,757 $466,574
2022 $12,487 $948,365 $490,939 $457,426
2021 $12,361 $929,770 $481,313 $448,457
2020 $12,457 $920,237 $476,378 $443,859
2019 $11,985 $902,194 $467,038 $435,156
2018 $11,651 $884,505 $457,881 $426,624
2016 $10,787 $824,360 $440,101 $384,259
2015 $10,306 $785,384 $433,491 $351,893
2014 $4,537 $284,128 $216,661 $67,467
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV14014177

California Regional Multiple Listing Service (CRMLS)

APN: 7375-024-006