NOT LISTED FOR SALE

Estimated Value: $1,562,000 - $1,626,000

8 Beds
4 Baths
3,516 Sq Ft
$455/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $1,560,000 $444 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,684/month

9 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • Evelyn Carr Elementary School Rated A-

About This Home

As of March 2024

Beautifully maintained 4-unit building in West Torrance. All units are 2 bedroom with 1 bathroom. Two of the units are located on the ground floor with private patios. Two additional units located upstairs with private balconies. All units have their own gas meter and electric meter. Shared water meter. Two 2-car garage spaces. Shared Laundry Room. Located across the street from the Alondra Park Golf Course. Short drive to the 405 and close to public transit.

Last Agent to Sell the Property

Lucia Knickmeyer

Jordan James Brokerage License #01923883 Listed on: 01/25/2024

Last Buyer's Agent

Keiko Shibanai

EXP REALTY OF CALIFORNIA INC License #01938133

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,653

Year Built

  • Built in 1957

Lot Details

  • 4,969 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 21246
  • Assessor Parcel Number 4087002013
  • $838 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $313
  • Insurance Expense $1,591
  • Maintenance Expense $4,015
  • Trash Expense $837
  • Water Sewer Expense $1,312
  • Operating Expense $13,537
  • Gross Income $115,904
  • Net Operating Income $98,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,653

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.38
  • Price Per Unit: 387500
  • Property Attached: Yes
  • Water Sewer Expenses: 1311.50
  • Zoning: TORR-MH
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4087002013
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground Level w/ steps
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 443.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 836.88
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 4969.00
  • Lot Size Acres: 0.1141

Multi Family

  • Electric Expense: 313.49
  • Gross Income: 115904.00
  • Gross Multiplier: 13.37
  • Gross Operating Income: 112427.00
  • Gross Scheduled Income: 115904.00
  • Insurance Expense: 1591.00
  • Laundry Income: 1928.90
  • Lot Size Area: 4969.0000 Square Feet
  • Maintenance Expense: 4015.20
  • Net Operating Income: 98890.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13537.00
  • Rent Control: Yes
  • Total Actual Rent: 113976.00
  • Total Expenses: 13537.08
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 6037.02
  • Tax Lot: 13
  • Tax Tract Number: 21246
  • TaxOtherAnnualAssessmentAmount: 838.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 20, 2024
Sold by
Forge Trust Co and Ira Services Trust Co
Bought by
Yoshimei Co Ltd
Seller's Agent
Lucia Knickmeyer
Jordan James Brokerage
Buyer's Agent
Keiko Shibanai
EXP REALTY OF CALIFORNIA INC
List Price
$1,550,000
Sold Price
$1,560,000
Premium/Discount to List
$10,000
0.65%
Total Days on Market
9
Views
33
Current Estimated Value
$1,601,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,265
Avg. Annual Appreciation
1.53%

Purchase Details

Closed on
Aug 30, 2013
Sold by
Entrust Administration Inc
Bought by
Ira Services Trust Company

Purchase Details

Closed on
Jul 2, 2003
Sold by
Shafer John C
Bought by
Entrust Administration and John C Shafer Ira

Purchase Details

Closed on
Jun 23, 2003
Sold by
Kumara Chitralal
Bought by
Shafer John C

Purchase Details

Closed on
Dec 29, 2001
Sold by
Samayoa Heidy Josselin
Bought by
Samayoa Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.8%

Purchase Details

Closed on
Dec 14, 2001
Sold by
Samayoa Edwin A and Samayoa Raul
Bought by
Kumara Chitralal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.8%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Samayoa Carlos
Bought by
Samayoa Raul

Purchase Details

Closed on
Sep 15, 1994
Sold by
Samayoa Sandra
Bought by
Samayoa Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.61%
Source: Public Records

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Range of Values:

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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
Yoshimei Co Ltd $1,560,000 Lawyers Title Company
Ira Services Trust Company -- None Available
Entrust Administration -- Commonwealth Land Title Co
Shafer John C -- Commonwealth Land Title Co
Shafer John C $504,000 Commonwealth Land Title Co
Samayoa Raul -- Commonwealth Land Title Co
Kumara Chitralal $325,000 Commonwealth Land Title Co
Samayoa Raul -- --
Samayoa Carlos -- First American Title Company
Samayoa Edwin A $255,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kumara Chitralal $260,000
Previous Owner Samayoa Edwin A $191,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $1,560,000 +0.6% $444 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $1,550,000 -- $441 / 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
2024 $8,653 $702,516 $294,106 $408,410
2023 $8,497 $688,742 $288,340 $400,402
2022 $8,382 $675,238 $282,687 $392,551
2021 $8,217 $661,999 $277,145 $384,854
2019 $7,984 $642,366 $268,926 $373,440
2018 $7,711 $629,771 $263,653 $366,118
2016 $7,344 $605,318 $253,416 $351,902
2015 $7,185 $596,227 $249,610 $346,617
2014 $7,018 $584,549 $244,721 $339,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23219523

California Regional Multiple Listing Service (CRMLS)

APN: 4087-002-013