NOT LISTED FOR SALE

Estimated Value: $1,060,000 - $1,298,000

4 Beds
3 Baths
1,993 Sq Ft
$605/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $1,035,000 $519 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,499/month

11 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Cooling System Mounted To A Wall/Window
  • Evelyn Carr Elementary School Rated A-
  • No HOA
  • Park

About This Home

As of November 2021

We proudly present this amazing fully occupied 3-unit property in a highly desirable neighborhood, located in the South Bay east of the 405 freeway in the City of Torrance. Excellent Torrance award winning schools, great shopping and dining options, and top notch hospitals. Next to Carr Elementary school! This investment offers an owner-occupied or investor a chance to acquire a solid rental property in an established rental market. The property is compromised of 2,000 sqft with a rear 2/1 unit and two 1/1 units all fully remodeled and in great condition. All units have a great layout, privacy and lots of storage space. Additionally washer & Dryer hook up in each unit and each unit has their own backyard. The property comes with 3 car garage with a great ADU potential and three-car space in the driveway. All of the tenants are very easy to manage and always pay on time and there is opportunity for a new investor to achieve higher market rents. Clean with well maintenance of lawn and landscaping. It's prime Torrance! Near by the Alondra Park & Golf Course, El Camino College, South Bay Galleria, Hawthorne, Lawndale, Inglewood, Space-X, Restaurants, Shops, easy to access 405,110 freeway, LAX air port and beaches.

Last Agent to Sell the Property

Andrew Munoz

Keller Williams Pacific Estate License #01989243 Listed on: 10/04/2021

Keller Williams Pacific Estate

Co-Listed By

Jovani Pina

Keller Williams Pacific Estates License #01959832

Last Buyer's Agent

Nick Peters

Engel & Völkers LA South Bay License #00880972

Engel & Völkers LA South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,590

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 6,249 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,993 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 64
  • Tax Tract Number 65
  • Assessor Parcel Number 4092018012
  • $601 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Community Lake

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $43,200
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,590

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 331667
  • Property Attached: Yes
  • Zoning: TORR-MD
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4092018012
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 519.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf, Lake, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6249.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Lot Size Area: 6249.0000 Square Feet
  • Net Operating Income: 43200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6500.04
  • Tax Lot: 64
  • Tax Tract Number: 65
  • TaxOtherAnnualAssessmentAmount: 601.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Oct 22, 2021
Sold by
Boone Thomas and The Carolyne S Collins Revocab
Bought by
Kan Sylvia Y and Kan David T
Seller's Agent
Andrew Munoz
Keller Williams Pacific Estate
Buyer's Agent
Nick Peters
Engel & Völkers LA South Bay
List Price
$995,000
Sold Price
$1,035,000
Premium/Discount to List
$40,000
4.02%
Current Estimated Value
$1,178,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,137
Avg. Annual Appreciation
4.20%

Purchase Details

Closed on
Jul 28, 2020
Sold by
Yatco Mark and Collins Carolyne
Bought by
Collins Carolyne S

Purchase Details

Closed on
Dec 11, 2008
Sold by
Yatco Mark and Collins Carolyne
Bought by
Yatco Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.14%
Mortgage Type
Credit Line Revolving
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
Kan Sylvia Y $1,035,000 Orange Coast Title Company
Collins Carolyne S -- None Available
Yatco Mark -- Lawyers Title Company
Yatco Mark -- Lawyers Title Company
Harris Melencia Susan -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kan Family Trust $470,000
Previous Owner Yatco Mark $290,000
Previous Owner Yatco Mark $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $1,035,000 +4.0% $519 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $995,000 -- $499 / 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 $12,590 $1,098,350 $827,742 $270,608
2024 $12,590 $1,076,814 $811,512 $265,302
2023 $13,392 $1,055,700 $795,600 $260,100
2022 $7,574 $621,657 $469,738 $151,919
2021 $4,046 $307,205 $156,365 $150,840
2020 $3,990 $304,056 $154,762 $149,294
2019 $3,934 $298,095 $151,728 $146,367
2018 $3,756 $292,251 $148,753 $143,498
2016 $3,575 $280,905 $142,978 $137,927
2015 $3,498 $276,687 $140,831 $135,856
2014 $3,427 $271,268 $138,073 $133,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21220860

California Regional Multiple Listing Service (CRMLS)

APN: 4092-018-012