NOT LISTED FOR SALE

Estimated Value: $1,523,000 - $1,746,000

6 Beds
3 Baths
2,704 Sq Ft
$616/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $1,300,000 $481 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,415/month

210 Days on Market

Highlights

  • Granite Countertops
  • Private Yard
  • Tile Flooring
  • Walteria Elementary School Rated A
  • Laundry Room
  • Central Heating

About This Home

As of January 2019

Beautiful Two Units! Located in a very desirable Torrance area close to Palos Verdes and the Hollywood Rivera. Front house is a two story home featuring 4 bedrooms and 2 1/4 baths. It is currently rented for $3,200.00 but could easily be rented for $3,500.00. The 2nd units is located above the two 2 car garages. The rear unit consists of two bedrooms and 1 bath. It is currently Owner Occupied but could easily be rented out for $2,600.00-$2,800.00. Both units have newer tile in the kitchens and bathrooms, plus granite countertops. Both Garages have alley access as well as RV parking. Please schedule 48 hours advance for showing.

Last Agent to Sell the Property

Vivian Cabrera

Casa Linda Properties License #01756083 Listed on: 05/23/2018

Last Buyer's Agent

Dick Caley

Coldwell Banker Beachside Real License #01700559

Coldwell Banker Beachside Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,278

Year Built

  • Built in 1924

Lot Details

  • 4,892 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 2,704 Sq Ft Home

Kitchen

  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 55
  • Tax Tract Number 7955
  • Assessor Parcel Number 7534017061

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,380
  • Water Sewer Expense $1,380
  • New Taxes Expense $17,500
  • Operating Expense $1,980
  • Gross Income $3,200
  • Net Operating Income $36,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,278

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1380.00
  • Zoning: TORR-LM
  • Property Type: Residential Income
  • Parcel Number: 7534017061
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 480.77
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1380.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4892.00
  • Lot Size Acres: 0.1123

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4892.0000 Square Feet
  • Net Operating Income: 36400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Expenses: 1980.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Census Tract: 6514.02
  • Tax Lot: 55
  • Tax Tract Number: 7955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jan 9, 2019
Sold by
Caraballo Nelson and Caraballo Georgina Gracia
Bought by
Steckler Mark S and Steckler Gail A
Seller's Agent
Vivian Cabrera
Casa Linda Properties
Buyer's Agent
Dick Caley
Coldwell Banker Beachside Real
List Price
$1,345,000
Sold Price
$1,300,000
Premium/Discount to List
-$45,000
-3.35%
Current Estimated Value
$1,665,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,715
Avg. Annual Appreciation
3.83%
Original Mortgage
$650,000
Outstanding Balance
$497,570
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,168,145

Purchase Details

Closed on
Feb 2, 2010
Sold by
Caraballo Nelson
Bought by
Caraballo Nelson and Gracia Georgina

Purchase Details

Closed on
Mar 14, 2007
Sold by
Caraballo Ileana
Bought by
Caraballo Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,400
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2007
Sold by
Nations First Inc
Bought by
Caraballo Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,400
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
Allison Denise
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Sep 2, 2005
Sold by
Phillipis John Paul and The John P Phillipis Family Tr
Bought by
Allison Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
7.25%
Mortgage Type
Balloon
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
Steckler Mark S $1,300,000 Old Republic Title Company
Caraballo Nelson -- Accommodation
Caraballo Nelson -- Fidelity National Title San
Caraballo Nelson $690,000 Fidelity National Title Co
Nations First Inc -- Fidelity National Title San
Gmac Mortgage Llc $697,000 None Available
Allison Denise $950,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steckler Mark S $650,000
Previous Owner Caraballo Nelson $616,000
Previous Owner Caraballo Nelson $88,000
Previous Owner Caraballo Nelson $517,400
Previous Owner Allison Denise $760,000
Previous Owner Phillipis John Paul $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $1,300,000 0.0% $481 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
11/23/2018 11/23/18 Off Market $1,300,000 -- --
09/28/2018 09/28/18 Price Changed $1,345,000 0.0% $497 / Sq Ft
09/28/2018 09/28/18 For Sale $1,345,000 +3.5% $497 / Sq Ft
08/21/2018 08/21/18 Off Market $1,300,000 -- --
07/27/2018 07/27/18 Price Changed $1,392,500 0.0% $515 / Sq Ft
07/27/2018 07/27/18 For Sale $1,392,500 +7.1% $515 / Sq Ft
07/26/2018 07/26/18 Off Market $1,300,000 -- --
06/08/2018 06/08/18 Price Changed $1,395,000 -0.4% $516 / Sq Ft
05/23/2018 05/23/18 For Sale $1,400,000 -- $518 / 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 $16,278 $1,450,170 $524,292 $925,878
2024 $16,278 $1,421,736 $514,012 $907,724
2023 $15,974 $1,393,860 $503,934 $889,926
2022 $15,760 $1,366,530 $494,053 $872,477
2021 $15,479 $1,339,736 $484,366 $855,370
2020 $15,244 $1,326,000 $479,400 $846,600
2019 $8,440 $712,066 $706,212 $5,854
2018 $8,165 $698,105 $692,365 $5,740
2016 $7,790 $670,999 $665,481 $5,518
2015 $7,622 $660,921 $655,485 $5,436
2014 $7,427 $647,975 $642,645 $5,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN18122510

California Regional Multiple Listing Service (CRMLS)

APN: 7534-017-061