NOT LISTED FOR SALE

22939 Ocean Ave Torrance, CA 90505

South Torrance Neighborhood

Estimated Value: $1,230,000 - $1,456,000

3 Beds
2 Baths
1,479 Sq Ft
$909/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $820,000 $554 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,187/month

56 Days on Market

Highlights

  • Corner Lot
  • Lawn
  • Fireplace
  • Joseph Arnold Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of October 2018

This home is located in a very nice family-oriented neighborhood in Torrance and is near Arnold Elementary School. This beautiful home is approximately 1500 sqft on a 5400 sqft lot and offers 3 bedrooms, 2 bathrooms, and has fresh paint and carpet inside. The home is in great condition and ready to move into. There are hardwood floors throughout the home making it very clean. The living room has a wood-burning, gas fireplace. The backyard is perfect for outdoor entertainment and children.

Last Agent to Sell the Property

Frank Kenny

eXp Realty of Greater Los Angeles, Inc. License #01250123 Listed on: 07/18/2018

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Bindu Xavier

Compass License #01818247

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,370

Year Built

  • Built in 1955

Lot Details

  • 5,387 Sq Ft Lot
  • Corner Lot
  • Lawn
  • Property is zoned TORR-LO

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,479 Sq Ft Home
  • 1-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 20773
  • Assessor Parcel Number 7528013023

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,370

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: TORR-LO
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7528013023
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1479.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 554.43
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: Torrance Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lawn
  • Lot Size Sq Ft: 5387.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6512.21
  • Tax Lot: 50
  • Tax Tract Number: 20773

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Oct 25, 2018
Sold by
Blum Richard Eric and Blum Rose Marie
Bought by
Tirumala Ramesh Babu and Tirumala Prathibha
Seller's Agent
Frank Kenny
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
Bindu Xavier
Compass
List Price
$850,000
Sold Price
$820,000
Premium/Discount to List
-$30,000
-3.53%
Current Estimated Value
$1,344,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,128
Avg. Annual Appreciation
7.67%
Original Mortgage
$656,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 17, 2005
Sold by
The Blum Family Trust
Bought by
Blum Richard Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 14, 2005
Sold by
Blum Richard Eric and Blum Rose M
Bought by
Blum Richard Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 21, 2003
Sold by
Blum Richard Eric and Blum Rose M
Bought by
Blum Richard Eric

Purchase Details

Closed on
Jan 6, 2003
Sold by
Ferris Herbert H and Ferris Patricia A
Bought by
Blum Richard Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.12%

Purchase Details

Closed on
May 11, 1996
Sold by
Napolitano John
Bought by
Ferris Herbert H and Ferris Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 16, 1994
Sold by
Comon Mark R and Comon Sheryl
Bought by
Napolitano John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,650
Interest Rate
6%
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
Tirumala Ramesh Babu $820,000 Stewart Title
Blum Richard Eric -- Fidelity National Title Co
Blum Richard Eric -- --
Blum Richard Eric -- Fidelity National Title Co
Blum Richard Eric -- --
Blum Richard Eric $460,000 First American Title Co
Ferris Herbert H -- North American Title Co
Napolitano John $248,500 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tirumala Ramesh Babu $634,564
Closed Tirumala Ramesh Babu $638,000
Closed Tirumala Ramesh Babu $649,530
Closed Tirumala Ramesh Babu $656,000
Previous Owner Blum Richard Eric $70,000
Previous Owner Blum Richard Eric $556,000
Previous Owner Blum Richard Eric $368,000
Previous Owner Ferris Herbert H $246,392
Previous Owner Ferris Herbert H $245,100
Previous Owner Ferris Herbert H $13,000
Previous Owner Napolitano John $223,650
Closed Blum Richard Eric $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2018 10/29/18 Sold $820,000 -3.5% $554 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $850,000 +3.7% $575 / Sq Ft
08/29/2018 08/29/18 Off Market $820,000 -- --
08/24/2018 08/24/18 For Sale $850,000 +3.7% $575 / Sq Ft
08/17/2018 08/17/18 Off Market $820,000 -- --
08/02/2018 08/02/18 For Sale $850,000 +3.7% $575 / Sq Ft
07/18/2018 07/18/18 Off Market $820,000 -- --
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 $10,370 $914,722 $731,779 $182,943
2024 $10,370 $896,787 $717,431 $179,356
2023 $10,178 $879,204 $703,364 $175,840
2022 $10,042 $861,966 $689,573 $172,393
2021 $9,864 $845,065 $676,052 $169,013
2019 $9,578 $820,000 $656,000 $164,000
2018 $6,773 $585,519 $468,419 $117,100
2016 $6,469 $562,784 $450,231 $112,553
2015 $6,328 $554,332 $443,469 $110,863
2014 $6,163 $543,475 $434,783 $108,692
Source: Public Records

Agents Affiliated with this Home

  • Frank Kenny

    Seller's Agent in 2018

    Frank Kenny

    eXp Realty of Greater Los Angeles, Inc.

    (310) 791-0123

    17 in this area

    64 Total Sales

    Frank Kenny
    Section Image
  • Bindu Xavier

    Buyer's Agent in 2018

    Bindu Xavier

    Compass

    5 in this area

    71 Total Sales

    Bindu Xavier
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18173410

California Regional Multiple Listing Service (CRMLS)

APN: 7528-013-023

California Los Angeles County Torrance 90505 South Torrance

22939 Ocean Ave, Torrance, CA

This home is located at 22939 Ocean Ave, Torrance, CA 90505 since 18 July 2018 and is currently estimated at $1,344,128, approximately $908 per square foot. This property was built in 1955. 22939 Ocean Ave is a home located in Los Angeles County with nearby schools including Joseph Arnold Elementary School, Calle Mayor Middle School, and South High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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