NOT LISTED FOR SALE

Estimated Value: $1,390,000 - $1,617,993

6 Beds
4 Baths
2,434 Sq Ft
$631/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $1,420,000 $583 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,463/month

3 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Park
  • Fern Elementary School Rated A
  • Hiking Trails
  • 4-minute walk to Greenwood Park

About This Home

As of May 2022

Beautifully renovated single-level duplex in convenient Central Torrance. Great location close to Del Amo Mall, Wilson Park (for farmer's market) and Torrance City Hall. 10 minutes to the beach. Easy access to the freeways. Lots of nice restaurants nearby. Each home has 3 bedrooms and 2 bathrooms including a master suite. Renovation in 2019 for both units including new kitchens with new cabinets, quartz countertops and new appliances, laminated floors, dual-pane windows and new doors, smooth ceilings with recessed lights, upgraded electrical and enclosed front paver patio...etc. Each unit has its own laundry closet inside. Low maintenance yard. Low monthly maintenance cost due to the recent renovation. 3-car enclosed garage in the back of the property.

Last Agent to Sell the Property

Jackie Wang-Dojiri

Estate Properties License #01097324 Listed on: 04/23/2022

Estate Properties

Last Buyer's Agent

Jessica Kim

Estate Properties License #02046201

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,665

Year Built

  • Built in 1964

Lot Details

  • 7,001 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Garden
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,434 Sq Ft Home
  • Duplex

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 14
  • Tax Tract Number 2761
  • Assessor Parcel Number 7359020048

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Trash Expense $600
  • Water Sewer Expense $900
  • New Taxes Expense $16,800
  • Operating Expense $21,500
  • Net Operating Income $54,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,665

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.87
  • Price Per Unit: 699000
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: TORR-LM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7359020048
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 583.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Golf, Hiking, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Level, Near Public Transit
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1607

Multi Family

  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7001.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 54100.00
  • 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: 21500.00
  • Rent Control: Yes
  • Total Expenses: 21500.00

Tax Info

  • New Taxes Expense: 16800.00
  • Tax Block: 14
  • Tax Census Tract: 6508.01
  • Tax Lot: 1
  • Tax Tract Number: 2761

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Chung Philip Wooyong and Chung Lauren Eun-Jung
Bought by
Four Cee 1 Llc
Current Estimated Value
$1,534,998

Purchase Details

Listed on
Aug 8, 2015
Closed on
Oct 20, 2015
Sold by
Salvestrini Rennee Marie
Bought by
Abracosa Raymond C and Abracosa Charity S
Seller's Agent
Elisa Gans
Estate Properties
Buyer's Agent
Elisa Gans
Estate Properties
List Price
$959,000
Sold Price
$810,000
Premium/Discount to List
-$149,000
-15.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$567,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2012
Sold by
Salvestrini Rennee M
Bought by
Salvestrini Rennee Marie and The Rennee Hetzel Salvestrini Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2008
Sold by
Salvestrini Rennee M
Bought by
Salvestrini Rennee Marie and The Rennee Hetzel Salvestrini Trust

Purchase Details

Closed on
Apr 25, 2008
Sold by
Salvestrini Rennee M and Hetzel Trust B
Bought by
Salvestrini Rennee M
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
Four Cee 1 Llc -- --
Abracosa Raymond C $810,000 Progressive
Salvestrini Rennee Marie -- None Available
Salvestrini Rennee M -- Fat
Salvestrini Rennee Marie -- None Available
Salvestrini Rennee M -- None Available
Salvestrini Rennee M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abracosa Raymond C $567,000
Previous Owner Salvestrini Rennee M $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2022 05/26/22 Sold $1,420,000 +1.6% $583 / Sq Ft
04/23/2022 04/23/22 For Sale $1,398,000 0.0% $574 / Sq Ft
04/14/2019 04/14/19 Rented $2,950 0.0% --
04/02/2019 04/02/19 Under Contract -- -- --
02/09/2019 02/09/19 Price Changed $2,950 +900.0% $2 / Sq Ft
02/09/2019 02/09/19 For Rent $295 -89.1% --
05/22/2016 05/22/16 Rented $2,700 -3.6% --
04/11/2016 04/11/16 For Rent $2,800 0.0% --
12/08/2015 12/08/15 Sold $810,000 -9.9% $333 / Sq Ft View Prior Sale
10/09/2015 10/09/15 Pending -- -- --
08/26/2015 08/26/15 Price Changed $899,000 -6.3% $369 / Sq Ft
08/08/2015 08/08/15 For Sale $959,000 -- $394 / 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 $16,665 $1,477,368 $988,380 $488,988
2024 $16,665 $1,448,400 $969,000 $479,400
2023 $16,670 $1,448,400 $969,000 $479,400
2022 $10,678 $903,565 $635,843 $267,722
2021 $10,484 $885,849 $623,376 $262,473
2019 $10,183 $859,577 $604,888 $254,689
2018 $9,805 $842,724 $593,028 $249,696
2016 $9,365 $810,000 $570,000 $240,000
2015 $1,767 $128,274 $61,382 $66,892
2014 $1,740 $125,762 $60,180 $65,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22083148

California Regional Multiple Listing Service (CRMLS)

APN: 7359-020-048