NOT LISTED FOR SALE

Estimated Value: $1,379,000 - $2,926,637

9 Beds
6 Baths
4,410 Sq Ft
$489/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2016

Last sale price $1,745,000 $396 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $13,773 / mo

81 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Tile Countertops
  • Joseph Arnold Elementary School Rated A
  • Double Pane Windows
  • 5-minute walk to Lago Seco Park

About This Home

As of September 2016

Beautifully and completely remodeled just 2 years ago, a 4 unit complex in prime South Torrance location with amazing curb appeal. Drought resistant landscaping in front and along side of property make it appealing to owners and tenants alike. Walking distance to Lago Seco park and many shops, grocery store, and restaurants, and just a short bike ride to the Riviera Village. Each unit has wood laminate floors in common areas, tile floors in the kitchens and baths, and carpet in the bedrooms, Granite counters in baths and kitchens. Extensive, long-term foundation work done. New roof, copper plumbing, extensive gutters and downspouts, etc. This is a TURNKEY property. SCHOOLS: South High School, Calle Mayor Middle School, and Arnold Elementary School.
**Great property for investors** A totally remodeled 4plex at a "4+" cap is SO rare (and getting rarer!)! Great mix, too. An Owner's unit with a true master bedroom .. plus the other three units are all 2 bedrooms. LARGE building, at 4,410 SF. A homeowner could even buy this property and call the front unit home. GRM is 15.99 at proforma rents/laundry.
***COMPS: My 4 unit at 21107 Ladeene closed at $1,660,000, which is $65,000 over list price. That comp clearly supports Audrey at full price.

Last Agent to Sell the Property

Nick Peters

Real Brokerage Technologies, Inc. License #00880972 Listed on: 07/18/2016

Real Brokerage Technologies, Inc.

Co-Listed By

Benjamin Larson

Real Brokerage Technologies, Inc. License #01746853

Last Buyer's Agent

Jason Buck

Estate Properties License #01246340

Estate Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,136 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Sprinklers on Timer

Parking

  • 4 Car Garage
  • 1 Carport Space
  • Parking Storage or Cabinetry
  • Parking Available
  • No Driveway
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 4,410 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 13
  • Tax Tract Number 28248
  • Assessor Parcel Number 7378012068

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $1,013
  • Gardener Expense $750
  • Insurance Expense $2,500
  • Maintenance Expense $2,483
  • Pest Control $650
  • Professional Management Expense $4,067
  • Trash Expense $603
  • Water Sewer Expense $1,051
  • New Taxes Expense $18,975
  • Operating Expense $32,610
  • Gross Income $9,200
  • Net Operating Income $76,134

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

6,136 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.04
  • Professional Management Expense: 4067.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1051.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 7378012068
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 395.69
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, No Driveway, Built-In Storage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Electric: Electricity - On Property
  • Heating Type: Radiant
  • Laundry Features: Community
  • Pest Control Expense: 650.00
  • Trash Expense: 603.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6136.00
  • Price Per Lot Square Foot: 285.04

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1013.00
  • Gross Income: 9200.00
  • Gross Multiplier: 15.99
  • Gross Operating Income: 108744.00
  • Gross Scheduled Income: 110400.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1150.00
  • Maintenance Expense: 2483.00
  • Maintenance Percent: 2.50
  • Net Operating Income: 76134.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 32610.00
  • Other Income Description: NOTE: proforma #s
  • Rent Control: No
  • Total Actual Rent: 8245.00
  • Total Expenses: 32610.00
  • Vacancy Allowance Rate: 1.50

Tax Info

  • New Taxes Expense: 18975.00
  • Tax Lot: 13
  • Tax Tract Number: 28248

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 18, 2016
Closed on
Sep 1, 2016
Sold by
Bought by
Seller's Agent
Nick Peters
Real Brokerage Technologies, Inc.
Buyer's Agent
Jason Buck
Estate Properties
List Price
$1,775,000
Sold Price
$1,745,000
Premium/Discount to List
-$30,000
-1.69%
Current Estimated Value
$2,155,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,659
Avg. Annual Appreciation
2.16%
Original Mortgage
$1,134,250
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2015
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
$800,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2015
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
$800,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 7, 2014
Closed on
Jan 29, 2014
Sold by
Bought by
Seller's Agent
Nick Peters
P & L Management Services, Inc
Buyer's Agent
Nick Peters
P & L Management Services, Inc
Sold Price
$2,025

Purchase Details

Closed on
Sep 12, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South 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
$1,745,000 Usa National Title
-- None Available
-- Accommodation
$1,187,500 None Available
$1,187,500 Fidelity National Title Co
-- Equity Title Company
-- Equity Title Company
-- Equity Title
-- --
$410,000 North American Title Co
-- North American 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 $1,045,000
Closed $1,134,250
Previous Owner $800,000
Previous Owner $725,000
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
09/30/2016 09/30/16 Sold $1,745,000 -0.2% $396 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/20/2016 08/20/16 Price Changed $1,749,000 -1.5% $397 / Sq Ft
07/18/2016 07/18/16 For Sale $1,775,000 0.0% $402 / Sq Ft
07/18/2016 07/18/16 Price Changed $1,775,000 +4.7% $402 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
06/11/2016 06/11/16 For Sale $1,695,000 0.0% $384 / Sq Ft
02/07/2014 02/07/14 Rented $2,025 -5.8% --
02/07/2014 02/07/14 For Rent $2,150 -- --
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 $23,374 $2,025,216 $1,270,838 $754,378
2024 $22,974 $1,985,507 $1,245,920 $739,587
2023 $22,544 $1,946,577 $1,221,491 $725,086
2022 $22,241 $1,908,410 $1,197,541 $710,869
2021 $21,840 $1,870,991 $1,174,060 $696,931
2019 $21,207 $1,815,498 $1,139,238 $676,260
2018 $20,604 $1,779,900 $1,116,900 $663,000
2016 $14,331 $1,229,178 $814,965 $414,213
2015 $14,020 $1,210,716 $802,724 $407,992
2014 $13,671 $1,188,000 $748,000 $440,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16126242

California Regional Multiple Listing Service (CRMLS)

APN: 7378-012-068

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