NOT LISTED FOR SALE

3937 W 178th St Torrance, CA 90504

North Torrance Neighborhood

Estimated Value: $1,630,000 - $1,927,851

12 Beds
7 Baths
4,391 Sq Ft
$405/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2022

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

Est. 3% increase in value since last sale

Current estimated payment $11,191 / 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

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2023
Sold by
4300 W 165Th Street Llc
Bought by
3937 W 178Th Street Llc
Current Estimated Value
$1,776,963

Purchase Details

Listed on
Jun 20, 2022
Closed on
Aug 10, 2022
Sold by
Smith James Henry
Bought by
4300 W 165Th Street Llc
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
0.80%
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
Nunez Paul J and Declarat Martha
Bought by
Smith James Henry
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
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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
3937 W 178Th Street Llc -- --
4300 W 165Th Street Llc -- Accommodation/Courtesy Recordi
Smith James Henry $1,725,000 Old Republic Title
Litwin Michelle -- Old Republic Title
Source: Public Records

Mortgage History

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

Property History

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

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 $20,462 $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

    7 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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