L
Seller's Agent in 2017
Leo Nordine
Nordine Realtors, Inc.
2213 Cabrillo Ave Torrance, CA 90501
East Torrance NeighborhoodEstimated Value: $3,498,523
10
Beds
9
Baths
4,125
Sq Ft
$848/Sq Ft
Est. Value
Highlights
- Park or Greenbelt View
- Private Yard
- Living Room
- Torrance Elementary School Rated A-
- No HOA
- Laundry Room
About This Home
As of November 2017**9-20 Back on market** Nothing else like it: 9 freestanding bungalows on 2 street to alley R3 lots. Only 2 owners since built in 1924. No rent control. 139K actual income with long term tenants and lot's of upside. Raised foundations, front and rear doors, grass yard, 2 bed owner's unit, laundry in each , 7 garages, all separate gas & electric meters, copper pipes, newer roofs, electrical, windows, kitchens, baths, appliances, stucco, paint, carpet, floors, landscape, etc., all with permits. Seller-owned fridges, washers and dryers in each, included in sale. Tenants are happy, turnover is almost nonexistent, expenses are very low. Gentrifying Old Torrance area with 81 walkscore: walkable to Wilson Park, Torrance High (9 on Greatschools) and The Depot, Torrance's best restaurant.
Last Agent to Sell the Property
Leo Nordine
Nordine Realtors, Inc. License #00961679 Listed on: 09/11/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 10,838 Sq Ft Lot
- Lot Dimensions are 85x128
- No Common Walls
- East Facing Home
- Landscaped
- Private Yard
Parking
- 7 Car Garage
- Parking Available
Home Design
- Bungalow
- Entry on the 1st floor
- Raised Foundation
- Frame Construction
- Shingle Roof
- Stucco
Interior Spaces
- 4,125 Sq Ft Home
- 1-Story Property
- Living Room
- Park or Greenbelt Views
- Gas Cooktop
- Laundry Room
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 7357
- Assessor Parcel Number 7357020028
Community Details
Overview
- No Home Owners Association
- 11 Buildings
- 9 Units
Amenities
- Laundry Facilities
Building Details
- 9 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $180
- Gardener Expense $1,800
- Insurance Expense $1,404
- Trash Expense $2,280
- Water Sewer Expense $3,240
- New Taxes Expense $20,625
- Operating Expense $30,339
- Gross Income $9,694
- Net Operating Income $108,661
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2017
Closed on
Nov 6, 2017
Sold by
Healy Theresa
Bought by
Vaughan Earle Russell
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Gary Richardson
Strand Hill Properties
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$998,523
Avg. Annual Appreciation
4.04%
Original Mortgage
$1,000,000
Outstanding Balance
$835,506
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$2,663,017
Purchase Details
Listed on
Sep 11, 2017
Closed on
Sep 25, 2017
Sold by
Nordine Leo S and Leo S Nordine Family Trust
Bought by
Vaughan Earle Russell
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Gary Richardson
Strand Hill Properties
List Price
$2,500,000
Sold Price
$2,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$835,506
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$2,663,017
Purchase Details
Closed on
Aug 18, 2015
Sold by
Nordine Leo S
Bought by
Nordine Leo S and Leo S Nordine Family Trust
Purchase Details
Closed on
Feb 2, 2013
Sold by
Nordine Leo S and Nordine Molly B
Bought by
Nordine Leo S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.29%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 27, 2010
Sold by
Nordine Leo S and Nordine Molly B
Bought by
Nordine Leo S
Purchase Details
Closed on
Sep 21, 2004
Sold by
Nordine Leo S and Nordine Molly B
Bought by
Nordine Leo S and Nordine Molly B
Purchase Details
Closed on
Aug 2, 2004
Sold by
Frank Wren Jean C and Frank Wallace
Bought by
Nordine Leo S and Nordine Molly B
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vaughan Earle Russell | -- | Usa National Title Company | |
| Vaughan Earle Russell | -- | Usa National Title Company | |
| Vaughan Earle Russell | $2,500,000 | Usa National Title Company | |
| Vaughan Earle Russell | $2,500,000 | Usa National Title Company | |
| Nordine Leo S | -- | Accommodation | |
| Nordine Leo S | -- | Accommodation | |
| Nordine Leo S | -- | Orange Coast Title | |
| Nordine Leo S | -- | Orange Coast Title | |
| Nordine Leo S | -- | None Available | |
| Nordine Leo S | -- | None Available | |
| Nordine Leo S | -- | Natc | |
| Nordine Leo S | -- | Natc | |
| Nordine Leo S | -- | North American Title | |
| Nordine Leo S | -- | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vaughan Earle Russell | $1,000,000 | |
| Previous Owner | Nordine Leo S | $355,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2017 11/17/17 | Sold | $2,500,000 | 0.0% | $606 / Sq Ft |
| 09/11/2017 09/11/17 | For Sale | $2,500,000 | 0.0% | $606 / Sq Ft |
| 12/24/2015 12/24/15 | Rented | $1,300 | 0.0% | -- |
| 11/28/2015 11/28/15 | For Rent | $1,300 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $32,745 | $2,844,568 | $910,261 | $1,934,307 |
| 2024 | $32,745 | $2,788,793 | $892,413 | $1,896,380 |
| 2023 | $32,134 | $2,734,112 | $874,915 | $1,859,197 |
| 2022 | $31,717 | $2,680,503 | $857,760 | $1,822,743 |
| 2021 | $31,167 | $2,627,945 | $840,942 | $1,787,003 |
| 2020 | $30,709 | $2,601,300 | $832,320 | $1,768,980 |
| 2019 | $30,274 | $2,550,300 | $816,000 | $1,734,300 |
| 2018 | $29,428 | $2,500,300 | $800,000 | $1,700,300 |
| 2017 | $13,507 | $1,080,932 | $960,834 | $120,098 |
| 2016 | $13,179 | $1,059,739 | $941,995 | $117,744 |
| 2015 | $12,898 | $1,043,822 | $927,846 | $115,976 |
| 2014 | $12,616 | $1,023,376 | $909,671 | $113,705 |
Source: Public Records
Agents Affiliated with this Home
-
-
Gary Richardson
Buyer's Agent in 2017
Gary Richardson
Strand Hill Properties
(310) 480-7694
31 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17210324
APN: 7357-020-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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