Seller's Agent in 2022
Bill Ruane
RE/MAX
(310) 877-2374
1 in this area
427 Total Sales
23836 Ocean Ave Torrance, CA 90505
South Torrance NeighborhoodEstimated Value: $1,665,000 - $1,948,000
9
Beds
6
Baths
4,410
Sq Ft
$419/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Fireplace in Patio
- Laundry Room
- Joseph Arnold Elementary School Rated A
- Park
About This Home
As of November 2022A great opportunity for an astute investor. This offering consists of a front house and three income-producing units in the back. The front house has 3 bedrooms/2 baths The three rear units are composed as follows: two units of 2 bedrooms/ 1 bath; one unit of 2 bedrooms/ 2 baths. All of the units are large. The building is 4,410 sq. ft and sits on 6,083 sq. ft of land. The structure was built 1964. All units are rented and there is plenty of upside potential in rents.
A superb investment opportunity to own a quadruplex in a great location in Torrance. The subject property has easy access to Pacific Coast Highway and Hawthorne Blvd. It is situated in a great location - very close to the Lago Seco Park, Walteria Lake, retail strips and shops, restaurants, and other amenities.
Last Agent to Sell the Property
Estate Properties License #00972400 Listed on: 07/29/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,059 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 4,410 Sq Ft Home
- Living Room with Fireplace
- Dining Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Outdoor Features
- Fireplace in Patio
- Exterior Lighting
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 8
- Tax Tract Number 28248
- Assessor Parcel Number 7378012063
Community Details
Recreation
- Golf Course Community
- Park
- Dog Park
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,414
- Gardener Expense $3,000
- Insurance Expense $4,125
- Other Expense $2,309
- Pest Control $1,080
- Trash Expense $8,252
- Water Sewer Expense $2,820
- Operating Expense $19,600
- Gross Income $64,596
- Net Operating Income $43,496
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 19, 2017
Sold by
Mueller Terence S
Bought by
Mueller Terence S and Terence Mueller Family Trust
Current Estimated Value
Purchase Details
Closed on
Dec 15, 2016
Sold by
Mueller Patricia A
Bought by
Mueller Patricia A and Mueller Terence S
Purchase Details
Closed on
Sep 14, 2006
Sold by
Mueller Terence
Bought by
Mueller Terence and The Terence Mueller Family Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mueller Terence S | -- | None Available | |
| Mueller Patricia | -- | None Available | |
| Mueller Patricia A | -- | None Available | |
| Mueller Terence | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2022 11/18/22 | Sold | $1,715,000 | -7.3% | $389 / Sq Ft |
| 09/03/2022 09/03/22 | Pending | -- | -- | -- |
| 07/29/2022 07/29/22 | For Sale | $1,850,000 | -- | $420 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,283 | $1,784,286 | $936,360 | $847,926 |
| 2024 | $20,283 | $1,749,300 | $918,000 | $831,300 |
| 2023 | $19,981 | $1,715,000 | $900,000 | $815,000 |
| 2022 | $11,489 | $945,219 | $527,598 | $417,621 |
| 2021 | $11,267 | $926,686 | $517,253 | $409,433 |
| 2020 | $11,102 | $917,185 | $511,950 | $405,235 |
| 2019 | $10,946 | $899,202 | $501,912 | $397,290 |
| 2018 | $10,581 | $881,571 | $492,071 | $389,500 |
| 2016 | $10,083 | $847,340 | $472,964 | $374,376 |
| 2015 | $9,865 | $834,613 | $465,860 | $368,753 |
| 2014 | $9,624 | $818,265 | $456,735 | $361,530 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Ruane
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22133798
APN: 7378-012-063
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.
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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