NOT LISTED FOR SALE

Estimated Value: $996,000 - $1,108,000

4 Beds
3 Baths
1,942 Sq Ft
$543/Sq Ft Est. Value

Sale Details

Date Sold: October 21, 2024

Last sale price $1,030,000 $530 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,796 / mo

4 Days on Market

Highlights

  • Corner Lot
  • Fern Elementary School Rated A
  • Laundry Facilities

About This Home

As of October 2024

2403 West Carson Street is a well-maintained triplex in Torrance, California. This sought-after rental market boasts a strong tenant base; the average household income within one mile is over $140,000, and the property is in a great rental location across from Torrance High School, a short walk to Wilson Park and the Torrance Farmer’s Market, and proximate to Old Town Torrance.

2403 West Carson Street is a 1967 construction on a corner lot and offers two one-bed/one-bath units and one two-bed/one-bath unit. The building also features three single-car garages with tandem driveway parking, on-site laundry (machines are owned), and a fenced shared yard for tenants’ enjoyment.
Unit B, a one-bedroom unit, has been remodeled and boasts hardwood flooring, an upgraded kitchen with granite countertops and custom cabinetry, and a recent $30K bathroom renovation that included the installation of a new tankless water heater.

Current rents offer a new investor 33 percent rental upside and there may be potential for one ADU conversion (buyer to verify), making this a great value-add opportunity in the desirable South Bay rental market.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 09/19/2024

Co-Listed By

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Last Buyer's Agent

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 4,430 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,942 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 9 / 54
  • Assessor Parcel Number 7355014011
  • $576 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $19,465
  • Gross Income $63,000
  • Net Operating Income $41,645

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

4,430 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Zoning: TORR-MD
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7355014011
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 530.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4430.00
  • Lot Size Acres: 0.1017

Multi Family

  • Gross Income: 63000.00
  • Gross Scheduled Income: 63000.00
  • Lot Size Area: 4430.0000 Square Feet
  • Net Operating Income: 41645.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 19465.00
  • Rent Control: Yes
  • Total Expenses: 19465.00

Tax Info

  • Tax Block: 54
  • Tax Census Tract: 6509.01
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 576.00

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
Sep 19, 2024
Closed on
Sep 24, 2024
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
David O'Keefe
Marcus & Millichap
List Price
$1,030,000
Sold Price
$1,030,000
Views
13
Current Estimated Value
$1,054,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,832
Avg. Annual Appreciation
1.31%
Original Mortgage
$772,500
Outstanding Balance
$756,576
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$298,256

Purchase Details

Closed on
Apr 20, 2023
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2009
Sold by
Bought by

Purchase Details

Closed on
May 6, 2005
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
$506,250
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 5, 2004
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
$375,000
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2002
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
$335,000
Interest Rate
5.96%

Purchase Details

Closed on
Jun 5, 2000
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
$639,200
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2000
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 East 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
$1,030,000 Ticor Title Company Of Califor
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Available
$576,000 Landsafe Title
$488,000 Landsafe Title
-- First American Title Company
-- First American Title Co Los
$430,000 First American Title Co
$799,000 Fidelity National Title Co
$279,000 First American Title Co
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 $772,500
Previous Owner $150,000
Previous Owner $506,250
Previous Owner $100,000
Previous Owner $375,000
Previous Owner $335,000
Previous Owner $639,200
Previous Owner $51,500
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
10/21/2024 10/21/24 Sold $1,030,000 0.0% $530 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $1,030,000 -- $530 / Sq Ft
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 $11,987 $1,030,000 $700,000 $330,000
2024 $13,596 $1,173,000 $867,000 $306,000
2023 $13,342 $1,150,000 $850,000 $300,000
2022 $8,394 $700,619 $279,759 $420,860
2021 $8,239 $686,882 $274,274 $412,608
2020 $8,118 $679,840 $271,462 $408,378
2019 $8,002 $666,511 $266,140 $400,371
2018 $7,770 $653,443 $260,922 $392,521
2016 $7,421 $628,071 $250,791 $377,280
2015 $7,259 $618,637 $247,024 $371,613
2014 $7,080 $606,520 $242,186 $364,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24195645

California Regional Multiple Listing Service (CRMLS)

APN: 7355-014-011

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