NOT LISTED FOR SALE

2442 248th St Lomita, CA 90717

Estimated Value: $1,105,000 - $1,273,000

6 Beds
3 Baths
2,560 Sq Ft
$477/Sq Ft Est. Value

Last Sold June 13, 2014

Last sale price $655,000 $256 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,332/month

Highlights

  • Dual Staircase
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Multi-Level Bedroom
  • Views
  • Carpet

About This Home

As of June 2014

Perfect for Owner to live in front house with lovely front yard and enclosed patio
Back units are very private with shared laundry and upstairs bedrooms. One unit is vacant and has been remodeled. Long time tenant in unit 3 Owner lives in front house but will vacate when sold. No lock box. May be able to show vacant unit and house. occupied unit is STI. Everything is in good condition and sold as is.

Last Agent to Sell the Property

Mary Haack

The Realestate Group License #00865749 Listed on: 05/05/2014

The Realestate Group

Last Buyer's Agent

Steve Gottlieb

Keller Williams South Bay License #00860525

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,302

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 7,654 Sq Ft Lot
  • 1 Common Wall
  • Fence is in excellent condition
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Blinds
  • Carpet
  • Fire and Smoke Detector
  • Free-Standing Range
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Multi-Level Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • TV Antenna

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 24
  • Tax Tract Number 5959
  • Assessor Parcel Number 7376005025

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,886
  • Trash Expense $713
  • Water Sewer Expense $845
  • New Taxes Expense $7,000
  • Gross Income $42,000
  • Net Operating Income $30,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,302

Year Built

Built in 1949 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Inclusions: some appliences and window coverings
  • Price Per Unit: 215000
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 845.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7376005025
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 255.86
  • Room Type: Multi-Level Bedroom
  • Window Features: Blinds

Exterior Features

  • Exterior Features: TV Antenna
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 713.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7654.00
  • Lot Size Acres: 0.1760

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1886.00
  • Lot Size Area: 7654.0000 Square Feet
  • Net Operating Income: 30740.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Operating Expense: 2426.00
  • Rent Control: No
  • Total Actual Rent: 900.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 24
  • Tax Tract Number: 5959
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2020
Sold by
Rivas Michael A
Bought by
Michael Rivas Living Trust and Rivas
Current Estimated Value
$1,221,023

Purchase Details

Listed on
May 5, 2014
Closed on
May 7, 2014
Sold by
Johnson Annette and The George N Davis Trust
Bought by
Rivas Michael A
Seller's Agent
Mary Haack
The Realestate Group
Buyer's Agent
Steve Gottlieb
Keller Williams South Bay
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$491,250
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2007
Sold by
Davis George N
Bought by
Davis George N and The George N Davis Trust
Source: Public Records

Range of Values:

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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
Michael Rivas Living Trust -- None Listed On Document
Rivas Michael A $655,000 Chicago Title Company
Davis George N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivas Michael A $491,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2014 06/13/14 Sold $655,000 +0.9% $256 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $649,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,302 $802,929 $318,718 $484,211
2024 $10,302 $787,186 $312,469 $474,717
2023 $10,125 $771,752 $306,343 $465,409
2022 $9,645 $756,621 $300,337 $456,284
2021 $9,542 $741,787 $294,449 $447,338
2020 $9,617 $734,982 $291,430 $443,552
2019 $9,242 $720,587 $285,716 $434,871
2018 $9,085 $706,474 $280,114 $426,360
2016 $8,656 $678,274 $269,238 $409,036
2015 $8,516 $668,086 $265,194 $402,892
2014 $1,753 $79,639 $39,977 $39,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14092376

California Regional Multiple Listing Service (CRMLS)

APN: 7376-005-025