NOT LISTED FOR SALE

Estimated Value: $1,212,000 - $2,088,149

7 Beds
3 Baths
3,192 Sq Ft
$515/Sq Ft Est. Value

Last Sold January 26, 2012

Last sale price $775,000 $243 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $9,647/month

62 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 3 Car Direct Access Garage
  • Yukon Elementary School Rated A-
  • Converted Garage
  • Double Pane Windows

About This Home

As of January 2012

Terrific Quadruplex in Torrance School District. Propert consists of 2 buildings - front building (was $1800/mo.) is 1 level 3 bedroom, 1 full bath house with laundry hook-ups in attached shed - this tenant uses 1 car garage off rear alley (with auto. opener). Rear building is 2 story with 3 units & 3.5 car garages off rear paved alley. Unit A ($1,150/mo.) is downstairs with 1 bedroom, 3/4 bath (shower only) & direct access to 1.5 car garage with laundry hook-ups. Unit B ($1,030/mo.) is upstairs with 1 bedroom, 1 full bath & has no garage or laundry hook-ups. (Small storage area currently used by owner could easily be rented to this tenant). Unit C ($1,400/mo.) is also upstairs with 2 bedrooms, 1 full bth & no laundry hook-ups - this tenant uses 1 car garage. All units have gas water & wall heaters, window blinds, carpet & vinyl flooring, tile or fiberglass in baths, Formica counter tops & gas stoves in kitchen. Front house has copper plumbing & rear units had dual pane vinyl windows & copper plumbing installed in 2006. All tenants are on leases. Front unit pays their own gas, electric & water. Rear units pay their own gas & electric. Owner pays trash for all units & water for rear units only. Current owner maintains landscaping.

Last Agent to Sell the Property

Julie Maddox

Estate Properties License #00633359 Listed on: 10/10/2011

Estate Properties

Last Buyer's Agent

Amir Amiri

Merit Real Estate License #01041226

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,414

Year Built

  • Built in 1951

Lot Details

  • 4,998 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • South Facing Home
  • Fenced
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Private Yard
  • Front Yard

Parking

  • 3 Car Direct Access Garage
  • Converted Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Three Garage Doors
  • No Driveway
  • On-Street Parking
  • Assigned Parking

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 38
  • Tax Tract Number 16099
  • Assessor Parcel Number 4090018014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,534
  • Trash Expense $1,450
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,600
  • Gross Income $5,380
  • Net Operating Income $50,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,414

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 4090018014
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Copper Plumbing Partial, Storage, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 242.79
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fence: Yes
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Assigned, Converted Garage, Direct Garage Access, Garage, No Driveway, Garage Faces Rear, Street, Built-In Storage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1450.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Corners Marked, Front Yard, Level, Landscaped, Rectangular Lot, Paved, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 4998.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5380.00
  • Gross Scheduled Income: 64560.00
  • Insurance Expense: 1534.00
  • Lot Size Area: 4998.0000 Square Feet
  • Net Operating Income: 50776.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Operating Expense: 13784.00
  • Rent Control: No
  • Total Actual Rent: 5380.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Lot: 38
  • Tax Tract Number: 16099
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2014
Sold by
Garcia Paul L and Garcia Sally V
Bought by
Paul L & Sally V Garcia Family Trust
Current Estimated Value
$1,645,037

Purchase Details

Listed on
Oct 10, 2011
Closed on
Dec 13, 2011
Sold by
Nestlerode Clay D and Nestlerode Denise K
Bought by
Garcia Paul L and Garcia Sally V
Seller's Agent
Julie Maddox
Estate Properties
Buyer's Agent
Amir Amiri
Merit Real Estate
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Aug 31, 2007
Sold by
Nestlerode Clay D and Nestlerode Denise K
Bought by
Nestlerode Clay D and Nestlerode Denise K

Purchase Details

Closed on
May 1, 2007
Sold by
Nestlerode Clay D and Saunders Denise K
Bought by
Nestlerode Clay D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$683,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2006
Sold by
Rossberg Alan Shaun and Rossberg Brenda Jolene
Bought by
Nestlerode Clay D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$683,250
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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
Paul L & Sally V Garcia Family Trust -- None Available
Garcia Paul L $775,000 Ticor Title Company
Nestlerode Clay D -- None Available
Nestlerode Clay D -- First American Title Ins Co
Nestlerode Clay D $915,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nestlerode Clay D $683,000
Previous Owner Nestlerode Clay D $683,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2012 01/26/12 Sold $775,000 -3.0% $243 / Sq Ft
12/11/2011 12/11/11 Pending -- -- --
10/10/2011 10/10/11 For Sale $799,000 -- $250 / 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 $11,414 $973,432 $684,546 $288,886
2024 $11,414 $954,346 $671,124 $283,222
2023 $11,205 $935,634 $657,965 $277,669
2022 $11,053 $917,289 $645,064 $272,225
2021 $10,846 $899,304 $632,416 $266,888
2020 $10,687 $890,084 $625,932 $264,152
2019 $10,535 $872,632 $613,659 $258,973
2018 $10,211 $855,523 $601,627 $253,896
2016 $9,744 $822,304 $578,266 $244,038
2015 $9,532 $809,953 $569,580 $240,373
2014 $9,298 $794,088 $558,423 $235,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: V11133949

California Regional Multiple Listing Service (CRMLS)

APN: 4090-018-014