NOT LISTED FOR SALE

2741 Cabrillo Ave Torrance, CA 90501

East Torrance Neighborhood

Estimated Value: $800,000 - $1,197,000

3 Beds
3 Baths
1,925 Sq Ft
$567/Sq Ft Est. Value

Sale Details

Date Sold: April 9, 2019

Last sale price $825,000 $429 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,794 / mo

37 Days on Market

Highlights

  • Fireplace in Kitchen
  • Torrance Elementary School Rated A-
  • Bungalow

About This Home

As of April 2019

Three 1 Bd/1 Ba bungalows. Three garages, all units have washer/dryer hookups and copper plumbing. No rent control, in a prime Torrance location. Major value add with approximately 50% rental upside on market rents. Walking distance from Old Town Torrance and minutes from Torrance Memorial, Harbor-UCLA, and Little Company of Mary Hospitals, as well as the Del Amo Fashion Center. Great opportunity for a seasoned investor or an owner user. Seller willing to carry paper at the right price. Full marketing package is included as a supplement to this listing.

Last Agent to Sell the Property

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 02/04/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 02/04/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,447 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Bungalow
  • Property Attached

Interior Spaces

  • 1,925 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1952
  • Assessor Parcel Number 7357008005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $770
  • New Taxes Expense $9,200
  • Operating Expense $17,244
  • Gross Income $38,994
  • Net Operating Income $21,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

7,447 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: TORR-MD
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7357008005
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 428.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7447.00
  • Lot Size Acres: 0.1710

Multi Family

  • Gross Income: 38994.00
  • Gross Operating Income: 38994.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 770.00
  • Lot Size Area: 7447.0000 Square Feet
  • Net Operating Income: 21750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 17244.00
  • Rent Control: No
  • Total Expenses: 17244.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9200.00
  • Tax Census Tract: 6509.02
  • Tax Lot: 3
  • Tax Tract Number: 1952

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2019
Closed on
Mar 20, 2019
Sold by
Bought by
Seller's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$795,000
Sold Price
$825,000
Premium/Discount to List
$30,000
3.77%
Current Estimated Value
$1,092,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,386
Avg. Annual Appreciation
4.00%
Original Mortgage
$577,500
Outstanding Balance
$503,549
Interest Rate
4.3%
Mortgage Type
Seller Take Back
Estimated Equity
$588,837

Purchase Details

Closed on
Jun 16, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$825,000 Fidelity National Title
-- First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $577,500
Previous Owner $175,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/09/2019 04/09/19 Sold $825,000 +3.8% $429 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $795,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,871 $920,300 $713,931 $206,369
2024 $10,676 $902,256 $699,933 $202,323
2023 $10,480 $884,565 $686,209 $198,356
2022 $10,340 $867,221 $672,754 $194,467
2021 $10,154 $850,217 $659,563 $190,654
2019 $2,665 $182,692 $109,824 $72,868
2018 $2,498 $179,111 $107,671 $71,440
2016 $2,371 $172,158 $103,491 $68,667
2015 $2,321 $169,573 $101,937 $67,636
2014 $2,284 $166,253 $99,941 $66,312
Source: Public Records

Agents Affiliated with this Home

  • Martin Ensbury

    Seller's Agent in 2019

    Martin Ensbury

    Lyon Stahl Investment Real Estate, Inc.

    (310) 376-4600

    28 Total Sales

    Martin Ensbury
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19049258

California Regional Multiple Listing Service (CRMLS)

APN: 7357-008-005

California Los Angeles County Torrance 90501 East Torrance

2741 Cabrillo Ave, Torrance, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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