NOT LISTED FOR SALE

24846 Narbonne Ave Lomita, CA 90717

Estimated Value: $1,996,847

2 Beds
2 Baths
2,690 Sq Ft
$742/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $425,000 $158 Per Sq Ft

Est. 370% increase in value since last sale

Current estimated payment $12,460/month

15 Days on Market

Highlights

  • No HOA
  • Bungalow
  • 1-minute walk to Annex Park

About This Home

As of November 2012

Corner Auto shop but could be used for various types of business. Great opportunity to open own business. Auto shop has 2 lifts, compressor and storage area.. Property also includes two cottages (fixers) which could be torn down to make the business lot larger or fixed and rented out.
All buildings (3) are now vacant and to be sold as is fixers. Great opportunity for contractor. All offers will be considered.. Lot for garage is 4,620 SF. Covered area 1,136 SF Parking 3,484 SF
Total Lot size including the tso cottages is 9,135 SF
Cottage # 1 address is 2163 250th st
Cottage # 2 address is 2157 250th st

Last Agent to Sell the Property

Dick Selway

The Real Estate Group License #00665244 Listed on: 10/16/2012

Last Buyer's Agent

Dick Selway

The Real Estate Group License #00665244 Listed on: 10/16/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,090

Year Built

  • Built in 1946

Lot Details

  • 9,135 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 2,690 Sq Ft Home
  • Bungalow
  • Fixer Upper

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 4405
  • Assessor Parcel Number 7376016008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $3,000
  • Net Operating Income $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,090

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Zoning: commercia
  • Architectural Style: Bungalow
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 7376016008
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 157.99

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9135.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 3350.00
  • Lot Size Area: 9135.0000 Square Feet
  • Net Operating Income: 3000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Taxes Percent: 3.89
  • Tax Lot: 9
  • Tax Tract Number: 4405
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2017
Sold by
Medawar Cherine and Medawar Jill
Bought by
Teo & Basti Properties
Current Estimated Value
$1,996,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,391
Outstanding Balance
$595,207
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$1,401,640

Purchase Details

Listed on
Oct 16, 2012
Closed on
Nov 7, 2012
Sold by
Kusion Maria L and 1985 Kusion Living Trust
Bought by
Medawar Cherine and Medawar Jill
Seller's Agent
Dick Selway
The Real Estate Group
Buyer's Agent
Dick Selway
The Real Estate Group
List Price
$420,000
Sold Price
$425,000
Premium/Discount to List
$5,000
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Kusion Maria L Tr Maria L Kusion Trust
Bought by
The Kusion Marital Exception Trust
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
Teo & Basti Properties $1,400,000 Stewart Title Of Ca Inc
Medawar Cherine $425,004 Chicago Title
The Kusion Marital Exception Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teo & Basti Properties $712,391
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2012 11/09/12 Sold $425,000 +1.2% $158 / Sq Ft
10/19/2012 10/19/12 Pending -- -- --
10/04/2012 10/04/12 For Sale $420,000 -- $156 / 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 $24,090 $1,910,173 $1,167,328 $742,845
2024 $23,548 $1,872,720 $1,144,440 $728,280
2023 $23,132 $1,836,000 $1,122,000 $714,000
2022 $21,997 $1,800,000 $1,100,000 $700,000
2021 $18,392 $1,471,649 $840,942 $630,707
2020 $18,547 $1,456,560 $832,320 $624,240
2019 $17,806 $1,428,000 $816,000 $612,000
2018 $17,545 $1,400,000 $800,000 $600,000
2016 $6,813 $492,052 $260,058 $231,994
2015 $6,706 $484,662 $256,152 $228,510
2014 $6,702 $475,169 $251,135 $224,034
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Dick Selway

    The Real Estate Group

    Section Image

  • J

    Buyer Co-Listing Agent in 2012

    Jill Medawar

    Jill Medawar

    (310) 951-7243

    1 in this area

    6 Total Sales

    Jill Medawar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: V12124086

California Regional Multiple Listing Service (CRMLS)

APN: 7376-016-008

California Los Angeles County Lomita 90717

24846 Narbonne Ave, Lomita, CA

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