NOT LISTED FOR SALE

Estimated Value: $1,652,000 - $1,826,000

4 Beds
4 Baths
3,241 Sq Ft
$536/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $965,000 $298 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $10,233/month

305 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Balcony
  • Fern Elementary School Rated A
  • Double Oven
  • Laundry Room

About This Home

As of June 2015

Back on market with RENT UP. Location ! Location ! Address for units are 2863 and 2867 W. Carson St., Torrance. Close to Del Amo Shopping Mall.
Very well maintained, spacious, and beautiful legal DUPLEX in central Torrance, walking distance to schools. Side-by-side Duplex with one common wall. Each Unit has two bedroom, two bath on upper floor, with two car garage with separate driveway. Ample storage, laundry facilities installed within the garage, and copper plumbing. Beautiful back yard for tenant. Both tenants for over 3 years , month-to-month status, but both like to stay longer. No rent control.

Last Agent to Sell the Property

Toshi Makai

Toshi Mukai, Broker License #01711079 Listed on: 05/01/2015

Last Buyer's Agent

Emily Hanson

Keller Williams South Bay License #01959192

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,245

Year Built

  • Built in 1971

Lot Details

  • 6,901 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,241 Sq Ft Home
  • Family Room with Fireplace
  • Carpet

Kitchen

  • Double Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony

Utilities

  • Radiant Heating System
  • 220 Volts in Garage
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 6504
  • Assessor Parcel Number 7362013040

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $800
  • Pest Control $500
  • Water Sewer Expense $1,700
  • New Taxes Expense $11,700
  • Gross Income $4,250
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,245

Year Built

Built in 1971

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.54
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1700.00
  • Zoning: TORR-LM
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7362013040
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Room Type: All Bedrooms Up

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Electric Range
  • Electric: 220 Volts in Garage
  • Heating Type: Radiant
  • Laundry Features: In Garage
  • Pest Control Expense: 500.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6901.00
  • Price Per Lot Square Foot: 139.83
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4250.00
  • Gross Multiplier: 20.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6901.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 34500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 16500.00
  • Rent Control: No
  • Total Actual Rent: 4250.00

Tax Info

  • New Taxes Expense: 11700.00
  • Tax Lot: 4
  • Tax Rate: 1.09
  • Tax Tract Number: 6504
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 10, 2015
Sold by
Kato Yukihiro
Bought by
Legallo Marcel
Seller's Agent
Toshi Makai
Toshi Mukai, Broker
Buyer's Agent
Emily Hanson
Keller Williams South Bay
List Price
$999,999
Sold Price
$965,000
Premium/Discount to List
-$34,999
-3.5%
Current Estimated Value
$1,735,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$770,609
Avg. Annual Appreciation
5.82%
Original Mortgage
$772,000
Outstanding Balance
$587,958
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,147,651

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 8, 2015
Sold by
Legallo Sara O
Bought by
Legallo Marcel
Seller's Agent
Toshi Makai
Toshi Mukai, Broker
Buyer's Agent
Emily Hanson
Keller Williams South Bay
List Price
$999,999
Sold Price
$965,000
Premium/Discount to List
-$34,999
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Outstanding Balance
$587,958
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,147,651

Purchase Details

Listed on
Jun 17, 2013
Closed on
Jul 31, 2013
Sold by
2867 Carson Street Llc
Bought by
Kato Yukihiro
Seller's Agent
Steve Johnson
Pinnacle Property Management
Buyer's Agent
Toshi Makai
Toshi Mukai, Broker
List Price
$980,000
Sold Price
$825,000
Premium/Discount to List
-$155,000
-15.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$536,250
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 18, 2010
Sold by
Nicolaysen Claudia Venae and Smith Timothy Paul
Bought by
Nicolaysen Claudia Venae
Source: Public Records

Range of Values:

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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
Legallo Marcel $965,000 Provident Title Company
Legallo Marcel -- Provident Title Company
Kato Yukihiro $825,000 Ticor Title
Nicolaysen Claudia Venae -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legallo Marcel $772,000
Previous Owner Kato Yukihiro $536,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2015 06/12/15 Sold $965,000 -3.5% $298 / Sq Ft
05/09/2015 05/09/15 Pending -- -- --
07/08/2014 07/08/14 For Sale $999,999 +21.2% $309 / Sq Ft
08/16/2013 08/16/13 Sold $825,000 -15.8% $255 / Sq Ft View Prior Sale
07/29/2013 07/29/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $980,000 -- $302 / 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 $13,245 $1,159,780 $769,182 $390,598
2024 $13,245 $1,137,040 $754,100 $382,940
2023 $13,001 $1,114,746 $739,314 $375,432
2022 $12,828 $1,092,889 $724,818 $368,071
2021 $12,592 $1,071,460 $710,606 $360,854
2020 $12,404 $1,060,474 $703,320 $357,154
2019 $12,229 $1,039,681 $689,530 $350,151
2018 $11,821 $1,019,296 $676,010 $343,286
2016 $11,286 $979,716 $649,760 $329,956
2015 $9,678 $841,483 $535,489 $305,994
2014 $9,427 $825,000 $525,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14143984

California Regional Multiple Listing Service (CRMLS)

APN: 7362-013-040