NOT LISTED FOR SALE

3937 W 178th St Torrance, CA 90504

North Torrance Neighborhood

Estimated Value: $1,638,000 - $2,053,000

12 Beds
7 Baths
4,391 Sq Ft
$425/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2022

Last sale price $1,725,000 $393 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,787 / mo

28 Days on Market

Highlights

  • Tankless Water Heater
  • 4 Car Garage
  • Laundry Facilities
  • Edison Elementary School Rated A

About This Home

As of August 2022

Outstanding Northwest Torrance Location West of 405 Freeway | Great Unit Mix of All 3-Bedroom Units | Significant Value-Add Potential - Approximately 74% in Rental Upside | 6.51% Pro-Forma Cap Rate & 11.69 Pro-Forma GRM | No Local Rent Control Defaults to AB 1482 | Full Copper Plumbing, Upgraded Units, 4 Garages & On-Site Laundry Facility with New Washer/Dryer Machines | Individual Tankless Hot Water Heaters for Each Unit (2017) | 4,391-Square Feet of Living Space on a 6,001-Square Foot Lot | Located 3 Blocks of South Bay Galleria & 3.5 Miles from the Beach & Hermosa Beach Pier | Building Treated for Termites & Painted (2017) | Qualifies for Residential Financing | Perfect Owner User Opportunity

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 06/20/2022

Last Buyer's Agent

Shane Falkenstein

Beach City Brokers License #01253483

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,001

Parking

  • 4 Car Garage

Interior Spaces

  • 4,391 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Additional Features

  • 6,001 Sq Ft Lot
  • Tankless Water Heater

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $2,908

Listing and Financial Details

  • Assessor Parcel Number 4088-006-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,001 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 4391
  • Lot Acreage: 0.1378
  • Price Per Unit: 487500.00
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 444.09

Exterior Features

  • Other Structures: Other
  • Construction: Frame and Stucco
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Water Heater: Tankless
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 66.36
  • Assessed Improvement Value: 184163
  • Assessed Land Percent: 33.64
  • Assessed Land Value: 93369
  • Total Assessed Value: 277532
  • Assessor Parcel Number: 4088-006-008
  • Lot Size Area: 6001

Rental Info

  • Total Actual Rent: 96000.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 20.31
  • Number Of Units: 4
  • Type Of Units: 3 + 2, 3 +1
  • Vacancy Allow: 2908
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 24375.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2023
Sold by
Bought by
Current Estimated Value
$1,864,565

Purchase Details

Listed on
Jun 20, 2022
Closed on
Aug 10, 2022
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Shane Falkenstein
Beach City Brokers
List Price
$1,950,000
Sold Price
$1,725,000
Premium/Discount to List
-$225,000
-11.54%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,207,500
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jul 1, 2022
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Shane Falkenstein
Beach City Brokers
List Price
$1,950,000
Sold Price
$1,725,000
Premium/Discount to List
-$225,000
-11.54%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,207,500
Interest Rate
5.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- Accommodation/Courtesy Recordi
$1,725,000 Old Republic Title
-- Old Republic Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,207,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $1,725,000 -11.5% $393 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $1,950,000 -- $444 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,819 $1,794,690 $780,300 $1,014,390
2024 $20,462 $1,759,500 $765,000 $994,500
2023 $20,080 $1,725,000 $750,000 $975,000
2022 $4,080 $283,082 $95,236 $187,846
2021 $3,981 $277,532 $93,369 $184,163
2020 $3,928 $274,687 $92,412 $182,275
2019 $3,875 $269,301 $90,600 $178,701
2018 $3,689 $264,022 $88,824 $175,198
2016 $3,481 $253,772 $85,376 $168,396
2015 $3,407 $249,961 $84,094 $165,867
2014 $3,349 $245,065 $82,447 $162,618
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2022

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    3 in this area

    85 Total Sales

    Jonathan Nikfarjam
    Section Image
  • Shane Falkenstein

    Buyer's Agent in 2022

    Shane Falkenstein

    Beach City Brokers

    (310) 678-0578

    1 in this area

    10 Total Sales

    Shane Falkenstein
    Section Image
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Map

Source: The MLS

MLS Number: 22-169895

The MLS

APN: 4088-006-008

California Los Angeles County Torrance 90504 North Torrance

3937 W 178th St, Torrance, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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