NOT LISTED FOR SALE

2223 248th St Lomita, CA 90717

Estimated Value: $1,133,000 - $1,369,000

6 Beds
4 Baths
2,673 Sq Ft
$476/Sq Ft Est. Value

Last Sold October 04, 2018

Last sale price $1,072,500 $401 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,983/month

42 Days on Market

Highlights

  • 4 Car Garage
  • 1-Story Property
  • 5-minute walk to Annex Park

About This Home

As of October 2018

- Non-Rent Controlled - Located in Desirable Lomita Market -Individual Hot Water Heaters & Washer/Dryer Hook-Ups -Full Copper Plumbing -Private Patios for Two-Bedroom Units -Minimal Common Area and Utility Expenses -Two-Bedroom Units have Tankless Water Heaters -Residential Asset - Qualifies for Residential Interest Rate Financing -Close Proximity to Rolling Hills Plaza, Torrance Crossroads, Palos Verdes, & Torrance Beach -Walking Distance to Retail Shops, Office Buildings, Grocery Stores, & Entertainment on Lomita Boulevard & Crenshaw Boulevard -Direct Access to Surrounding Employment Hubs

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/30/2018

Last Buyer's Agent

Molly Baier

Inactive Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,159

Year Built

  • Built in 1954

Lot Details

  • 6,900 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 2,673 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Vacancy Allowance $2,016

Listing and Financial Details

  • Assessor Parcel Number 7376-014-037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,159

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2673
  • Price Per Unit: 286250.00
  • Stories: 1
  • Year Built: 1954
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 428.36

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Electric Expense: 163.00
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Expense: 1420.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1123.00
  • Maintenance Expense: 1200.00
  • Other Expense: 800.00
  • Trash Expense: 960.00

Lot Info

  • Assessed Improvement Value: 100640
  • Assessed Land Value: 256911
  • Assessor Parcel Number: 7376-014-037
  • Geocode Override: No
  • Lot Size Area: 6900

Rental Info

  • Total Actual Rent: 67200.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.04
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 20698
  • Type Of Units: 2 Bd, 1 Bd
  • Vacancy Allow: 2016
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 14313.00
  • Tax Percent: 1.25
  • Tax Total: 14313.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 24, 2018
Sold by
Nuttman Garret W
Bought by
Troeger Stephens S and Troeger Kathryn M
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Molly Baier
Inactive Office
List Price
$1,145,000
Sold Price
$1,072,500
Premium/Discount to List
-$72,500
-6.33%
Current Estimated Value
$1,227,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,833
Avg. Annual Appreciation
2.52%

Purchase Details

Closed on
Mar 7, 2007
Sold by
Nuttman Garret W
Bought by
Nuttman Garret W and The Garret W Nuttman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,900
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 2, 2007
Sold by
Nuttman Garret
Bought by
Nuttman Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,900
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2002
Sold by
Nuttman Erika
Bought by
Nuttman Garret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
7%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 4, 1999
Sold by
Nuttman Erika R
Bought by
Nuttman Garret W

Purchase Details

Closed on
Sep 8, 1999
Sold by
Nuttman Carrie Alene
Bought by
Nuttman Garret W

Purchase Details

Closed on
Jun 5, 1997
Sold by
Mccoy Ella S
Bought by
Nuttman William George and Nuttman Carrie Alene
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Troeger Stephens S $2,145,000 Chicago Title Company
Nuttman Garret W -- None Available
Nuttman Garrett -- Accommodation
Nuttman Garret -- First American Title Co
Nuttman Garret W -- Orange Coast Title
Nuttman Garret W $270,000 Orange Coast Title
Nuttman William George $250,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nuttman Garret W $400,000
Previous Owner Nuttman Garret $488,900
Previous Owner Nuttman Garret W $66,000
Previous Owner Nuttman Garret $271,000
Previous Owner Nuttman Garret W $267,000
Previous Owner Nuttman Garret W $267,792
Previous Owner Nuttman William George $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2018 10/04/18 Sold $1,072,500 -6.3% $401 / Sq Ft
07/30/2018 07/30/18 For Sale $1,145,000 -- $428 / Sq Ft
Source: The MLS

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 $15,159 $1,196,389 $836,637 $359,752
2024 $15,159 $1,172,932 $820,233 $352,699
2023 $14,896 $1,149,934 $804,150 $345,784
2022 $14,180 $1,127,387 $788,383 $339,004
2021 $14,037 $1,105,282 $772,925 $332,357
2020 $14,153 $1,093,950 $765,000 $328,950
2019 $13,594 $1,072,500 $750,000 $322,500
2018 $5,354 $364,701 $262,049 $102,652
2017 $5,254 $357,551 $256,911 $100,640
2016 $5,114 $350,541 $251,874 $98,667
2015 $5,034 $345,276 $248,091 $97,185
2014 $5,048 $338,514 $243,232 $95,282
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2018

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    4 in this area

    72 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Molly Baier

    Inactive Office

  • A

    Buyer's Agent in 2018

    Alex Smith

See All Agents

Map

Source: The MLS

MLS Number: 18-370318

The MLS

APN: 7376-014-037

California Los Angeles County Lomita 90717

2223 248th St, Lomita, CA

This home is located at 2223 248th St, Lomita, CA 90717 since 30 July 2018 and is currently estimated at $1,271,667, approximately $475 per square foot. This property was built in 1954. 2223 248th St is a home located in Los Angeles County with nearby schools including President Avenue Elementary School, Alexander Fleming Middle School, and Nathaniel Narbonne Senior High School.

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