NOT LISTED FOR SALE

Estimated Value: $778,000 - $880,000

4 Beds
3 Baths
1,821 Sq Ft
$457/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $720,000 $395 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,292/month

16 Days on Market

Highlights

  • City Lights View
  • Corner Lot
  • Cul-De-Sac
  • Bonus Room
  • No HOA
  • 2 Car Attached Garage

About This Home

As of May 2022

Welcome to an amazing Gardena gem. Property sits in a very private community on corner lot. A single level 3 bed 2 bath with 1821 living space sqft on a 4771 sqft lot. Home also has a grandfathered in additional 1 bed 1 bath garage conversion.

The home is currently split in half showing 2 separate units. Unit 1 boast a 2 bed 2 bath that includes a master bath and a laundry room near kitchen entry. Tenant is very flexible and is willing to stay if buyer would like to assume current tenant rental income of $2300 a month.

Unit 2 of the home boast a 2 bed 1 bath open floor concept. Unit has been completely prepped for separate living quarters that include: your own kitchen area, Electric stove, fully furnished & functioning sink, cabinets and refrigerator. This unit has potential to be rented out for a rental max cap of $2100 a month.

408 E 157th street is a universal property awaiting a touch of brilliance. Investor friendly, first time buyer friendly. This home is perfect for a homeowner with a larger family as the additional bedroom bathroom makes for a spacious single family residence. There is also the possibility for INSTANT cash flow with current tenants in place as well as fully prepped 2nd rental unit ready for leasing.

Last Agent to Sell the Property

Rodrigo Castellanos Jr

Fiv Realty Co License #02036767 Listed on: 03/26/2022

Fiv Realty Co

Co-Listed By

Andy Carter

Fiv Realty Co License #01907002

Last Buyer's Agent

Patricia Williams

Circle Real Estate License #01730845

Circle Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,524

Year Built

  • Built in 1959

Lot Details

  • 4,771 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LCR1YY

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Neighborhood

Interior Spaces

  • 1,821 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Schools

  • Gardena Elementary School
  • Perry Middle School
  • Gardena High School

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 24566
  • Assessor Parcel Number 6125006032
  • $605 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,524

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LCR1YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6125006032
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1821.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 395.39
  • Room Type: All Bedrooms Down, Bonus Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks

Schools

  • School District: Los Angeles Unified
  • Elementary School: Gardena
  • Middle School: Perry
  • High School: Gardena
  • Elementary School: Gardena
  • High School: Gardena
  • Middle Or Junior School: Perry
  • Elementary School #2: GARDEN2
  • High School2: GARDEN2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 4771.00
  • Lot Size Acres: 0.1095

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4771.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 5410.01
  • Tax Lot: 2
  • Tax Tract Number: 24566
  • TaxOtherAnnualAssessmentAmount: 605.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2021
Sold by
Thompson Maria C and Thompson Maria C
Bought by
Nine-T Trust and Thompson
Current Estimated Value
$831,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2017
Sold by
Rodriguez Fernando
Bought by
Thompson Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2004
Sold by
Thompson Maria
Bought by
Thompson Maria and Thompson Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.77%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Nine-T Trust -- None Listed On Document
Thompson Diane -- Pacific Coast Title Company
Thompson Maria -- Pacific Coast Title Company
Thompson Maria -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Maria $334,000
Previous Owner Thompson Maria $344,000
Previous Owner Thompson Maria $125,000
Previous Owner Thompson Maria $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $720,000 +2.9% $395 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $699,999 -- $384 / 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 $9,524 $764,068 $509,272 $254,796
2024 $9,524 $749,087 $499,287 $249,800
2023 $9,354 $734,400 $489,498 $244,902
2022 $8,295 $675,000 $475,000 $200,000
2021 $1,220 $60,012 $16,732 $43,280
2019 $1,185 $58,235 $16,237 $41,998
2018 $1,102 $57,094 $15,919 $41,175
2017 $1,077 $55,975 $15,607 $40,368
2016 $1,027 $54,878 $15,301 $39,577
2015 $1,005 $54,055 $15,072 $38,983
2014 $1,004 $52,997 $14,777 $38,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22060663

California Regional Multiple Listing Service (CRMLS)

APN: 6125-006-032