NOT LISTED FOR SALE

Estimated Value: $1,572,195 - $1,728,000

3 Beds
3 Baths
2,100 Sq Ft
$780/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2024

Last sale price $1,650,000 $786 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,664 / mo

3 Days on Market

Highlights

  • Hiking Trails
  • Laundry Room
  • 4-minute walk to Walteria Park
  • Riviera Elementary School Rated A
  • 1-Story Property

About This Home

As of May 2024

Step into the epitome of Southern California living at 24255 Ocean Ave, Torrance, CA. Located in the always sunny Walteria district, this property sits on a generous 9,879 square foot R2 corner lot, and boasts a single story, charming 3-bedroom, 2-bathroom main house. Remodeled in 2008 this residence offers plenty of outdoor space for the garden you’ve always wanted, along with an oversized 2-car garage that is sure to make any car enthusiast happy. What truly distinguishes this property is a detached 500 sqft studio with its own laundry and private outdoor space, perfect for onsite care or additional cash flow!

Positioned just moments away from the Riviera Village, Torrance Beach, and the stunning vistas of Palos Verdes, this residence offers the perfect blend of convenience and coastal beauty. With top-rated schools, shopping, dining, and entertainment options within easy reach, every day feels like a vacation. Don't miss the chance to embrace the luxuries of Southern California living at 24255 Ocean Ave. Schedule your showing today!

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-613-1251 License #01936451 Listed on: 05/01/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Matthew Zenteno

Real Broker License #02159042

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,879 Sq Ft Lot
  • No Common Walls
  • Irregular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 1 / 19
  • Tax Tract Number 9340
  • Assessor Parcel Number 7534008029
  • $514 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Hiking Trails

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1,995
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $24,106
  • Gross Income $76,200
  • Net Operating Income $49,808

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

9,879 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Zoning: TORR-LM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7534008029
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 785.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 9879.00
  • Lot Size Acres: 0.2268

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 76200.00
  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 1995.00
  • Lot Size Area: 9879.0000 Square Feet
  • Net Operating Income: 49808.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 24106.00
  • Rent Control: No
  • Total Expenses: 24106.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 6514.02
  • Tax Lot: 1
  • Tax Tract Number: 9340
  • TaxOtherAnnualAssessmentAmount: 514.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
May 14, 2024
Sold by
Robert J Duncan Trust and Duncan Robert J
Bought by
Helga Bryant Trust and Bryant
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Matthew Zenteno
Real Broker
List Price
$1,450,000
Sold Price
$1,650,000
Premium/Discount to List
$200,000
13.79%
Views
25
Current Estimated Value
$1,638,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,201
Avg. Annual Appreciation
-0.35%

Purchase Details

Closed on
May 28, 2008
Sold by
Torres Maria Delsocorro
Bought by
Duncan Robert J and The Robert J Duncan Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$586,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Castillo Jose L
Bought by
Torres Maria Del Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
8.92%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 3, 2004
Sold by
Castillo Jose L
Bought by
Torres Maria Del Socorro

Purchase Details

Closed on
Apr 18, 2002
Sold by
Torres Maria
Bought by
Castillo Jose L

Purchase Details

Closed on
Apr 10, 2002
Sold by
Castillo Jose L
Bought by
Castillo Jose L

Purchase Details

Closed on
Nov 18, 1996
Sold by
Jansen Kenneth F Living Trust
Bought by
Castillo Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,920
Interest Rate
7.76%

Purchase Details

Closed on
Jul 24, 1996
Sold by
Jansen Kenneth F
Bought by
Jansen Kenneth F and The Kenneth F Jansen Living Trust
Source: Public Records

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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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
Helga Bryant Trust $1,650,000 First American Title Company
Duncan Robert J $732,500 Lawyers Title
Torres Maria Del Socorro -- Old Republic Title Company
Torres Maria Del Socorro -- --
Castillo Jose L -- North American Title Co
Castillo Jose L -- North American Title Co
Castillo Jose L $280,000 Fidelity National Title Ins
Jansen Kenneth F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duncan Robert J $586,000
Previous Owner Torres Maria Del Socorro $635,000
Previous Owner Castillo Jose L $223,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2024 05/21/24 Sold $1,650,000 0.0% $786 / Sq Ft
05/21/2024 05/21/24 Sold $1,650,000 +13.8% $786 / Sq Ft View Prior Sale
05/07/2024 05/07/24 Pending -- -- --
05/04/2024 05/04/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $1,450,000 0.0% $690 / Sq Ft
05/01/2024 05/01/24 For Sale $1,450,000 -- $690 / 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 $10,981 $358,554 $190,176 $168,378
2024 $10,981 $943,271 $772,650 $170,621
2023 $10,780 $924,776 $757,500 $167,276
2022 $10,637 $906,645 $742,648 $163,997
2021 $10,449 $888,869 $728,087 $160,782
2019 $10,149 $862,507 $706,493 $156,014
2018 $9,779 $845,596 $692,641 $152,955
2016 $9,352 $812,762 $665,746 $147,016
2015 $9,149 $800,554 $655,746 $144,808
2014 $8,908 $784,873 $642,901 $141,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24086361

California Regional Multiple Listing Service (CRMLS)

APN: 7534-008-029

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