NOT LISTED FOR SALE

23802 Ocean Ave Torrance, CA 90505

South Torrance Neighborhood

Estimated Value: $2,033,000 - $2,492,568

9 Beds
7 Baths
4,926 Sq Ft
$461/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2022

Last sale price $2,150,000 $436 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $14,426 / mo

56 Days on Market

Highlights

  • 4 Car Garage
  • Joseph Arnold Elementary School Rated A
  • 4-minute walk to Lago Seco Park

About This Home

As of September 2022

Highly Desirable South Torrance Location - West of Hawthorne Boulevard | Approximately 2 Miles from the Beach, Riviera Village & Palos Verdes | Great Unit Mix of 2-Bedroom & 3-Bedroom Units | No Local Rent Control - Defaults to AB 1482 | 4,926-Square Feet of Living Space on Large 7,330-Square Foot Corner Lot | Front 3-Bedroom Unit with New Counters, New Bathroom Fixtures, New Electrical Panel, New AC/Heat with Washer/Dryer Hook-Ups & Large Private Patio | Unit #2 Contains Remodeled Kitchen, New Floors & Re-Done Stairs | Unit #4 Contains New Counters, Sink, Backsplash, Re-Done Deck & New Hot Water Heater (2022) | All-Electric Building with Newer Roof (2015), Water-Efficient Landscaping and All New Exterior Concrete, Patio Fences, Gutters & Downspouts | On-Site Laundry Facility & Total of 4 Garage Spaces | Close Proximity to Rolling Hills Plaza, Del Amo Fashion Center & Torrance Crossroads Shopping Center | 3.56% Current CAP Rate & 18.47 Current GRM | Approximately 20% in Rental Upside - 4.59% Pro-Forma CAP Rate & 15.43 Pro-Forma GRM | Qualifies for Residential Financing | Perfect Owner User Opportunity

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/07/2022

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,330 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 4,926 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $3,654

Listing and Financial Details

  • Assessor Parcel Number 7378-012-056

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,330 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 4926
  • Lot Acreage: 0.1683
  • Price Per Unit: 562500.00
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Laundry: In Unit, Community
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 456.76

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

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

Utilities

  • Number Electric Meters: 4

Lot Info

  • Assessed Improvement Percent: 47.89
  • Assessed Improvement Value: 911370
  • Assessed Land Percent: 52.11
  • Assessed Land Value: 991786
  • Total Assessed Value: 1903156
  • Assessor Parcel Number: 7378-012-056
  • Lot Size Area: 7330

Rental Info

  • Total Actual Rent: 121800.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.47
  • Number Of Units: 4
  • Type Of Units: 3 Bd, 2 Bd
  • Vacancy Allow: 3654
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 28125.00

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
Jul 7, 2022
Closed on
Sep 9, 2022
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
List Price
$2,250,000
Sold Price
$2,150,000
Premium/Discount to List
-$100,000
-4.44%
Views
5
Current Estimated Value
$2,273,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,142
Avg. Annual Appreciation
1.48%
Original Mortgage
$1,100,000
Interest Rate
0.0522%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2017
Closed on
Feb 20, 2017
Sold by
Bought by
Seller's Agent
Lori Donahoo
Estate Properties
Buyer's Agent
Derek Fowler
List Price
$1,720,000
Sold Price
$1,775,000
Premium/Discount to List
$55,000
3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.54%
Original Mortgage
$915,000
Interest Rate
0.0417%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2010
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
$384,800
Interest Rate
0.0427%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 11, 1996
Sold by
Bought by
Source: Public Records

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,150,000 Provident Title
$1,775,000 Progressive Title Company
-- Lsi
-- --
-- --
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 $1,050,000
Closed $1,100,000
Previous Owner $915,000
Previous Owner $384,800
Previous Owner $250,000
Previous Owner $400,000
Previous Owner $500,000
Previous Owner $250,000
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 Prior Sale
09/23/2022 09/23/22 Sold $2,150,000 -4.4% $436 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $2,250,000 +26.8% $457 / Sq Ft
03/21/2017 03/21/17 Sold $1,775,000 +3.2% $360 / Sq Ft View Prior Sale
01/11/2017 01/11/17 For Sale $1,720,000 -- $349 / Sq Ft
Source: The MLS

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 $25,775 $2,236,860 $1,040,400 $1,196,460
2024 $25,340 $2,193,000 $1,020,000 $1,173,000
2023 $24,866 $2,150,000 $1,000,000 $1,150,000
2022 $22,671 $1,941,218 $1,011,621 $929,597
2021 $22,260 $1,903,156 $991,786 $911,370
2019 $21,615 $1,846,710 $962,370 $884,340
2018 $20,986 $1,810,500 $943,500 $867,000
2016 $3,035 $217,626 $60,240 $157,386
2015 $2,970 $214,358 $59,336 $155,022
2014 $2,925 $210,160 $58,174 $151,986
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2022

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    1 in this area

    85 Total Sales

    Jonathan Nikfarjam
    Section Image

  • L

    Seller's Agent in 2017

    Lori Donahoo

    RE/MAX

  • Jeffrey White

    Seller Co-Listing Agent in 2017

    Jeffrey White

    RE/MAX

    (323) 782-9374

    9 Total Sales

    Jeffrey White
    Section Image

  • D

    Buyer's Agent in 2017

    Derek Fowler

See All Agents

Map

Source: The MLS

MLS Number: 22-176487

The MLS

APN: 7378-012-056

California Los Angeles County Torrance 90505 South Torrance

23802 Ocean Ave, Torrance, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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