NOT LISTED FOR SALE

Estimated Value: $849,000 - $1,263,334

4 Beds
3 Baths
1,852 Sq Ft
$579/Sq Ft Est. Value

Sale Details

Date Sold: June 3, 2019

Last sale price $860,000 $464 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,992 / mo

19 Days on Market

Highlights

  • No HOA
  • Torrance Elementary School Rated A-
  • Front Yard

About This Home

As of June 2019

Great triplex investment opportunity in Old Town Torrance. Great location near old town, schools, shopping and easy access to freeway. Excellent curb appeal with newer townhouses on one side and quaint church on the other. Large 8,258 sqft lot with alley access in rear - lots of development potential and flexibility to add units or rebuild. Currently fully occupied, units well maintained with some nice upgrades and lots of open yard space with nice avocado tree. 3 garage spaces shared between tenants with ample parking in front and off center island.

Last Agent to Sell the Property

Stephen Huang

Home Team Realty License #01849115 Listed on: 02/27/2019

Home Team Realty

Co-Listed By

Shirley Guo

Home Team Realty License #00844573

Last Buyer's Agent

Gabrielle Herendeen

Estate Properties License #01325858

Estate Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 8,258 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 1,852 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot S5
  • Tax Tract Number 38
  • Assessor Parcel Number 7357021014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $937
  • Maintenance Expense $1,000
  • Professional Management Expense $2,301
  • Trash Expense $998
  • Water Sewer Expense $701
  • New Taxes Expense $7,440
  • Operating Expense $13,917
  • Gross Income $49,620
  • Net Operating Income $35,703

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

8,258 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 4.20
  • Professional Management Expense: 2301.00
  • Property Attached: Yes
  • Water Sewer Expenses: 701.00
  • Zoning: TORR-MD
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 7357021014
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 464.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 998.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8258.00
  • Lot Size Acres: 0.1896
  • Latitude Manual: 33.82545900

Multi Family

  • Gross Income: 49620.00
  • Gross Multiplier: 17.00
  • Gross Scheduled Income: 49620.00
  • Insurance Expense: 937.00
  • Lot Size Area: 8258.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 35703.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13917.00
  • Rent Control: No
  • Total Expenses: 13917.00

Tax Info

  • New Taxes Expense: 7440.00
  • Tax Census Tract: 6509.02
  • Tax Lot: S5
  • Tax Tract Number: 38

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
Apr 23, 2019
Sold by
Bought by
Seller's Agent
Stephen Huang
Home Team Realty
Buyer's Agent
Gabrielle Herendeen
Estate Properties
List Price
$849,900
Sold Price
$860,000
Premium/Discount to List
$10,100
1.19%
Current Estimated Value
$1,073,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,084
Avg. Annual Appreciation
3.14%
Original Mortgage
$602,000
Outstanding Balance
$550,354
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$522,730

Purchase Details

Closed on
Oct 15, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2010
Sold by
Bought by

Purchase Details

Closed on
May 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.95%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Torrance, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$860,000 Priority Title
$550,000 North American Title Company
$459,500 None Available
-- Fidelity National Title
-- Fidelity National Title
-- None Available
$650,000 Landamerica Lawyers Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $602,000
Previous Owner $573,750
Previous Owner $476,000
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/03/2019 06/03/19 Sold $860,000 +1.2% $464 / Sq Ft
04/16/2019 04/16/19 For Sale $849,900 0.0% $459 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $849,900 -- $459 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,127 $1,124,880 $848,966 $275,914
2024 $12,873 $1,102,824 $832,320 $270,504
2023 $12,634 $1,081,200 $816,000 $265,200
2022 $12,464 $1,060,000 $800,000 $260,000
2021 $10,529 $886,287 $767,772 $118,515
2020 $10,374 $877,740 $759,900 $117,840
2019 $7,668 $632,211 $410,012 $222,199
2018 $7,417 $619,826 $401,973 $217,853
2016 $7,086 $595,240 $386,365 $208,875
2015 $6,932 $586,300 $380,562 $205,738
2014 $6,765 $574,816 $373,108 $201,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19043610

California Regional Multiple Listing Service (CRMLS)

APN: 7357-021-014

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