NOT LISTED FOR SALE

Estimated Value: $1,838,000 - $2,801,037

9 Beds
8 Baths
4,714 Sq Ft
$531/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $1,692,000 $359 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $14,991/month

8 Days on Market

Highlights

  • Lawn
  • No HOA
  • Tile Countertops
  • Hickory Elementary School Rated A
  • Up Slope from Street
  • 4-minute walk to Hickory Park

About This Home

As of December 2016

Prime Torrance 4plex. Three townhouse style units with multiple baths. Large front 3bed -2bath unit has washer and dryer hookups and fireplace.
Remaining are all 2bed units. Newly painted exterior. New garage doors. Individual hot water heaters. Copper plumbed.

Last Agent to Sell the Property

David Barrette

Barrette Real Estate Investments, Inc. License #00649253 Listed on: 09/30/2016

Co-Listed By

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971

Last Buyer's Agent

David Barrette

Barrette Real Estate Investments, Inc. License #00649253 Listed on: 09/30/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,323

Year Built

  • Built in 1964

Lot Details

  • 6,181 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Front Yard Sprinklers
  • Lawn

Parking

  • 5 Car Garage
  • Up Slope from Street

Home Design

  • Quadruplex
  • Copper Plumbing

Interior Spaces

  • 4,714 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Doors are 32 inches wide or more
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating Available
  • 220 Volts in Kitchen
  • Natural Gas Not Available
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 017
  • Tax Tract Number 22796
  • Assessor Parcel Number 7369010017

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,620
  • Gardener Expense $1,320
  • Insurance Expense $3,928
  • Trash Expense $763
  • Water Sewer Expense $1,620
  • New Taxes Expense $20,340
  • Gross Income $1,200
  • Net Operating Income $50,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,323

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.00
  • Price Per Unit: 423750
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1620.00
  • Zoning: TORR-MD
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7369010017
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 32 Inch Or More Wide Doors, Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 358.93
  • Room Type: All Bedrooms Up, Entry, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Electric
  • Laundry Features: Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 763.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Sprinklers In Front, Up Slope from Street
  • Lot Size Sq Ft: 6181.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1620.00
  • Gross Income: 1200.00
  • Gross Multiplier: 21.00
  • Gross Scheduled Income: 80400.00
  • Insurance Expense: 3928.00
  • Net Operating Income: 50845.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Patio: 3
  • Number With Range: 4
  • Operating Expense: 29555.00
  • Operating Expense Percent: 36.00
  • Other Income Description: Washer and Dryer included
  • Rent Control: No
  • Total Actual Rent: 6700.00

Tax Info

  • New Taxes Expense: 20340.00
  • Tax Census Tract: 6511.01
  • Tax Lot: 017
  • Tax Tract Number: 22796

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Gargano Dominic J and Gargano Emilia
Bought by
Dominic J And Emilia Gargano Family Trust
Current Estimated Value
$2,503,759

Purchase Details

Listed on
Sep 30, 2016
Closed on
Oct 31, 2016
Sold by
Wolowicz Stefan
Bought by
Gargano Dominic J and Gargano Emilia
Seller's Agent
David Barrette
Barrette Real Estate Investments, Inc.
Buyer's Agent
David Barrette
Barrette Real Estate Investments, Inc.
List Price
$1,695,000
Sold Price
$1,692,000
Premium/Discount to List
-$3,000
-0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Original Mortgage
$386,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2014
Sold by
Wolowicz Stefan
Bought by
Wolowicz Stefan and Wolowicz Mary Jo

Purchase Details

Closed on
Jan 25, 2005
Sold by
Wolowicz Stefan
Bought by
Wolowicz Stefan and Wolowicz Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2005
Sold by
Wave Enterprises Inc
Bought by
Wolowicz Stefan and Wolowicz Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Porter Theodore Orlo
Bought by
Wave Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2004
Sold by
Porter Theodore Orlo
Bought by
Wave Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2003
Sold by
Porter Theodore O
Bought by
Porter Theodore Orlo and Porter Carolyn Louise

Purchase Details

Closed on
Feb 13, 2003
Sold by
Porter Theodore Orlo
Bought by
Porter Theodore O and Porter Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.75%

Purchase Details

Closed on
Mar 15, 2001
Sold by
Porter Theodore Orlo
Bought by
Porter Theodore Orlo and Porter Carolyn Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Dominic J And Emilia Gargano Family Trust -- --
Gargano Dominic J $1,692,000 Chicago Title Company
Wolowicz Stefan -- Chicago Title Company
Wolowicz Stefan -- None Available
Wolowicz Stefan -- --
Wolowicz Stefan $1,100,000 Fidelity National Title Co
Wave Services Inc -- Fidelity National Title Co
Wave Enterprises Inc $526,500 Fidelity National Title Co
Wave Enterprises Inc -- Fidelity National Title Co
Porter Theodore Orlo -- --
Porter Theodore O -- Fidelity Title
Porter Theodore Orlo -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gargano Dominic J $386,000
Previous Owner Wolowicz Stefan $550,000
Previous Owner Porter Theodore O $450,000
Previous Owner Porter Theodore Orlo $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $1,692,000 -0.2% $359 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $1,695,000 -- $360 / 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 $22,323 $1,963,704 $1,276,642 $687,062
2024 $22,323 $1,925,201 $1,251,610 $673,591
2023 $21,907 $1,887,453 $1,227,069 $660,384
2022 $21,612 $1,850,445 $1,203,009 $647,436
2021 $21,220 $1,814,163 $1,179,421 $634,742
2019 $20,605 $1,760,356 $1,144,440 $615,916
2018 $20,019 $1,725,840 $1,122,000 $603,840
2017 $19,595 $1,692,000 $1,100,000 $592,000
2016 $15,079 $1,295,240 $941,995 $353,245
2015 $14,752 $1,275,785 $927,846 $347,939
2014 $14,372 $1,250,795 $909,671 $341,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16706425

California Regional Multiple Listing Service (CRMLS)

APN: 7369-010-017