NOT LISTED FOR SALE

2262 247th St Lomita, CA 90717

Estimated Value: $1,011,000 - $1,249,000

6 Beds
3 Baths
2,202 Sq Ft
$529/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $739,000 $336 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,465/month

15 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Main Floor Bedroom
  • Wooded Lot
  • Wood Flooring
  • Granite Countertops

About This Home

As of May 2016

Three-unit income opportunity located close to Lomita Magnet Elementary School. The property has great alley access to (2) 1-car garages and (3) uncovered spots; the front unit has a dedicated 1-car garage with street access. Front unit is 2bd/1bth; rear 2-unit building has 3bd/1bth upstairs and 1bd/1bth downstairs. Rear building extensively remodeled with electrical and plumbing upgrades completed. New driveway and garage floor. Sale subject to inspection. No inspection without accepted offer. Do not walk on property or contact tenants.

Last Agent to Sell the Property

Art Addeman

Arturo Addeman, Broker License #01224808 Listed on: 02/24/2016

Last Buyer's Agent

Dean Thomas

E Real Estate Corp. License #00711417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,185

Year Built

  • Built in 1959

Lot Details

  • 9,001 Sq Ft Lot
  • Lot Dimensions are 60 x 150
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in good condition
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard Sprinklers
  • Wooded Lot
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • On-Hand Building Permits

Parking

  • 3 Car Direct Access Garage
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Cottage
  • Additions or Alterations
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,202 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Storage

Kitchen

  • Electric Oven
  • Built-In Range
  • Free-Standing Range
  • Kitchen Island
  • Granite Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 1643
  • Assessor Parcel Number 7376014010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $960
  • Water Sewer Expense $1,200
  • New Taxes Expense $1,200
  • Gross Income $3,370
  • Net Operating Income $16,266

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,185

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Fire Rated Drywall, Smoke Detector(s)
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Cottage, Traditional
  • Property Condition: Additions/Alterations, Building Permit
  • Property Type: Residential Income
  • Parcel Number: 7376014010
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full, Formica Counters, Granite Counters, Pantry, Storage
  • Stories: 2
  • Entry Location: Ground Level With Steps,Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, Doors - Swing In
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 335.60
  • Room Type: Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows, Screens, Wood Frames
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters, Satellite Dish
  • Fencing: Block, Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Unknown, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Assigned, Concrete, Driveway, Garage Faces Front, Direct Garage Access, Garage, Garage Door Opener, On Site, Garage - Single Door, Street, Uncovered
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Sewer Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Electric Oven, Free-Standing Range, Disposal, Gas Water Heater, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Individual Room, Washer Hookup
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Level, Lawn, Rectangular Lot, Lot 6500-9999, Level with Street, Paved, Sprinklers In Front, Sprinklers Timer, Near Public Transit, Treed Lot, Utilities - Overhead, Walkstreet, Yard
  • Lot Size: 60 x 150
  • Lot Size Sq Ft: 9001.00
  • Price Per Lot Square Foot: 82.10
  • Lot Size Acres: 0.2070

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3370.00
  • Gross Scheduled Income: 40440.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 9001.0000 Square Feet
  • Net Operating Income: 16266.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Refrigerator: 1
  • Operating Expense: 24174.00
  • Rent Control: No
  • Total Actual Rent: 3370.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Lot: 4
  • Tax Tract Number: 1643

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2020
Sold by
Fisher Lawrence W and Fisher Carol J
Bought by
Fisher Lawrence W and Fisher Carol J
Total Days on Market
15
Current Estimated Value
$1,163,911

Purchase Details

Listed on
Feb 24, 2016
Closed on
Apr 20, 2016
Sold by
Graves William H and Graves Joyce N
Bought by
Fisher Lawrence W and Fisher Carol J
Seller's Agent
Art Addeman
Arturo Addeman, Broker
Buyer's Agent
Dean Thomas
E Real Estate Corp.
List Price
$749,000
Sold Price
$739,000
Premium/Discount to List
-$10,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$554,250
Outstanding Balance
$443,649
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$720,262

Purchase Details

Closed on
Nov 19, 2014
Sold by
Graves William
Bought by
Graves William H and Graves Joyce N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2012
Sold by
Swan Jerry and The Romalee Dalbey Trust
Bought by
Graves William

Purchase Details

Closed on
May 23, 2005
Sold by
Dalbey Romalee and Romalee Dalbey Trust
Bought by
Dalbey Romalee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,494
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 1997
Sold by
Dalbey Romalee
Bought by
Dalbey Romalee and The Romalee Dalbey Trust

Purchase Details

Closed on
Apr 7, 1997
Sold by
Dalbey Romalee
Bought by
Dalbey Romalee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
6.9%
Source: Public Records

Similar Homes in the area

  • 2453 253rd St, Lomita, CA 90717

    $1,450,000

    • 6 Beds
    • 3 Baths
    • 1,620 Sq Ft
    • 2453 253rd St
    • Lomita, CA

    Situated on one of the largest lots in this horse stable-compatible section of Lomita—nearly double the size of most lots in the area—this property offers incredible possibilities. Whether you're looking to build horse stables, park RVs, construct a third private home, or create your own private outdoor haven, this expansive lot provides the perfect canvas to bring your vision to life.This

    Ryan Versfelt Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 1766 W 244th St, Torrance, CA 90501

    $1,310,000

    • 5 Beds
    • 4 Baths
    • 1,947 Sq Ft
    • 1766 W 244th St
    • Torrance, CA

    We are proud to present a charming remodeled single family home with a newly built ADU. The subject property consists of a 4-Bed/3-Bath SFR and an 1-Bed/1-Bath ADU built in 2024. This is perfect for an owner/user who looks to live in the main unit and rent out the ADU. The ADU unit can be delivered vacant at the close of escrow. The seller has spent over $150K of capital improvements on the main

    Kristopher German RE/MAX 2000 REALTY

    Section Image
  • 25911 Hillworth Ave, Lomita, CA 90717

    $949,000

    • 5 Beds
    • 3 Baths
    • 2,048 Sq Ft
    • 25911 Hillworth Ave
    • Lomita, CA

    Charming Duplex in Lomita. Two detached single-level homes on a 7,474 square foot lot. The spacious front house offers 3 bedrooms, 2 bathrooms, laundry hook ups, a private driveway, and a 1-car garage. The back house has 2 bedrooms, 1 bathroom, laundry hook ups, a private backyard, one enclosed and one open carport. Conveniently located close to shopping, restaurants, parks, freeway access, and

    Savanna Buyak Century 21 Union Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fisher Lawrence W -- None Available
Fisher Lawrence W $739,000 Lawyers Title
Graves William H -- North American Title Co Inc
Graves William -- None Available
Graves William -- None Available
Dalbey Romalee -- --
Dalbey Romalee -- --
Dalbey Romalee -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Lawrence W $554,250
Previous Owner Graves William H $250,000
Previous Owner Dalbey Romalee $186,494
Previous Owner Dalbey Romalee $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $739,000 -1.3% $336 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $749,000 -- $340 / 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
2024 $11,185 $857,667 $509,494 $348,173
2023 $10,993 $840,851 $499,504 $341,347
2022 $10,469 $824,364 $489,710 $334,654
2021 $10,361 $808,201 $480,108 $328,093
2020 $10,445 $799,915 $475,186 $324,729
2019 $10,036 $784,231 $465,869 $318,362
2018 $9,885 $768,855 $456,735 $312,120
2016 $6,924 $523,391 $414,353 $109,038
2015 $6,814 $515,531 $408,130 $107,401
2014 $6,822 $505,434 $400,136 $105,298
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16038626

California Regional Multiple Listing Service (CRMLS)

APN: 7376-014-010