NOT LISTED FOR SALE

24716 Pennsylvania Ave Lomita, CA 90717

Estimated Value: $740,000 - $1,111,000

3 Beds
3 Baths
1,900 Sq Ft
$519/Sq Ft Est. Value

Last Sold February 27, 2014

Last sale price $554,000 $292 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,116/month

72 Days on Market

Highlights

  • No HOA
  • Wood Fence
  • Wall Furnace
  • Cottage

About This Home

As of February 2014

Four, cute, English Cottages located on one lot. Each unit has it's own address, is individually metered, and each has it's own unique features. Outside has been recently painted, and three of the homes have been painted inside. Individual water heaters are all new within the last 3 years. The attraction to live here is you have your own home, no common walls, no one over the top of you, or under you and each home has it's own yard area.
All offers subject to inspection and please do not disturb tenants

Last Agent to Sell the Property

Bill Cross

West Shores Realty, Inc. License #00847286 Listed on: 09/24/2013

West Shores Realty, Inc.

Last Buyer's Agent

Charles Chung

Integrity Realty Services and Investments Group License #01787898

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,016

Year Built

  • Built in 1935

Lot Details

  • 5,625 Sq Ft Lot
  • No Common Walls
  • Wood Fence

Home Design

  • 1,900 Sq Ft Home
  • Cottage
  • Composition Roof
  • Shingle Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 1 Parking Space
  • Parking Available
  • Unassigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 65
  • Tax Tract Number 2933
  • Assessor Parcel Number 7376008015

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $1,247
  • Trash Expense $924
  • Water Sewer Expense $600
  • New Taxes Expense $7,487
  • Gross Income $3,675
  • Net Operating Income $33,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,016

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7376008015
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 291.58

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Shingle Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 924.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 5625.00
  • Lot Size Acres: 0.1290

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3675.00
  • Gross Scheduled Income: 44100.00
  • Insurance Expense: 1247.00
  • Lot Size Area: 5625.0000 Square Feet
  • Net Operating Income: 33122.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10978.00
  • Rent Control: No
  • Total Actual Rent: 3675.00

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Lot: 65
  • Tax Tract Number: 2933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2013
Closed on
Feb 18, 2014
Sold by
Conway John Calvin and Conway Anna Marie
Bought by
Chung Charles and Yermilov Irina
Seller's Agent
Bill Cross
West Shores Realty, Inc.
Buyer's Agent
Charles Chung
Integrity Realty Services and Investments Group
List Price
$599,000
Sold Price
$554,000
Premium/Discount to List
-$45,000
-7.51%
Current Estimated Value
$986,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,579
Avg. Annual Appreciation
4.91%
Original Mortgage
$415,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2006
Sold by
Conway John Calvin and Conway Anna Marie
Bought by
Conway John Calvin and Conway Anna Marie

Purchase Details

Closed on
May 13, 2005
Sold by
Smith Charles N and Smith Joan K
Bought by
Conway John Calvin and Conway Anna Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 16, 2003
Sold by
Russell Virginia M
Bought by
Smith Charles N and Smith Joan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chung Charles $554,000 Lawyers Title
Conway John Calvin -- --
Conway John Calvin $670,000 North American Title Co
Smith Charles N $425,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Charles $354,500
Closed Chung Charles $400,000
Closed Chung Charles $415,500
Previous Owner Conway John Calvin $520,000
Previous Owner Smith Charles N $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2014 02/27/14 Sold $554,000 -7.5% $292 / Sq Ft
12/05/2013 12/05/13 Pending -- -- --
09/24/2013 09/24/13 For Sale $599,000 -- $315 / 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 $9,016 $679,115 $525,888 $153,227
2024 $9,016 $665,800 $515,577 $150,223
2023 $8,863 $652,746 $505,468 $147,278
2022 $8,452 $639,948 $495,557 $144,391
2021 $8,375 $627,401 $485,841 $141,560
2020 $8,441 $620,969 $480,860 $140,109
2019 $8,118 $608,794 $471,432 $137,362
2018 $7,987 $596,858 $462,189 $134,669
2016 $7,560 $573,684 $444,243 $129,441
2015 $7,437 $565,068 $437,571 $127,497
2014 $9,405 $746,911 $746,911 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV13195470

California Regional Multiple Listing Service (CRMLS)

APN: 7376-008-015