NOT LISTED FOR SALE

Estimated Value: $1,170,000 - $1,519,000

7 Beds
3 Baths
2,760 Sq Ft
$490/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $990,000 $359 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,435/month

44 Days on Market

Highlights

  • Lawn
  • No HOA
  • Tile Flooring
  • Evelyn Carr Elementary School Rated A-
  • Laundry Room
  • Wood Fence

About This Home

As of June 2018

NO RENT CONTROL! Spacious 3-unit in strong rental area. Great Torrance location and one of the nicest buildings on the block. Close to: El Camino College, beaches, shopping, restaurants and the 405 Freeway. Two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. Three one car garages with alley access. All units have laundry hookups and separate gas and power meters.

Last Agent to Sell the Property

Justin Bentley

Wilson Realty License #01771394 Listed on: 03/21/2018

Last Buyer's Agent

John Fields

Bonanza Realty License #00993786

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,927

Year Built

  • Built in 1953

Lot Details

  • 5,376 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,760 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 23
  • Tax Tract Number 15757
  • Assessor Parcel Number 4085002005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,500
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,000
  • Operating Expense $15,800
  • Gross Income $63,300
  • Net Operating Income $47,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,927

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 332333
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: TORR-MH
  • Property Type: Residential Income
  • Parcel Number: 4085002005
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 358.70

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • 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: Front Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 5376.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 63300.00
  • Gross Scheduled Income: 63300.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 47500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Operating Expense: 15800.00
  • Rent Control: No
  • Total Actual Rent: 5275.00
  • Total Expenses: 15800.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 6041.00
  • Tax Lot: 23
  • Tax Tract Number: 15757

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 9, 2018
Sold by
Lewis Mark
Bought by
Hills David L and Hills Helen M
Seller's Agent
Justin Bentley
Wilson Realty
Buyer's Agent
John Fields
Bonanza Realty
List Price
$997,000
Sold Price
$990,000
Premium/Discount to List
-$7,000
-0.7%
Current Estimated Value
$1,353,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,030
Avg. Annual Appreciation
4.50%
Original Mortgage
$420,000
Outstanding Balance
$363,993
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$996,305

Purchase Details

Closed on
Jul 24, 2006
Sold by
Guirges Daoud S and Guirges Mariam
Bought by
Lewis Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 1999
Sold by
Guirges Raef S and Guirges Rouma S
Bought by
Guirges Daoud S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,700
Interest Rate
7.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 22, 1998
Sold by
Guirges Daoud S and Guirges Marim
Bought by
Guirges Raef S

Purchase Details

Closed on
Dec 23, 1996
Sold by
Nobari Manouchur and Nobari Young S
Bought by
Guirges Raef S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,800
Interest Rate
6.5%

Purchase Details

Closed on
May 16, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Nobari Manoucher and Nobari Young S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,450
Interest Rate
7.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 1995
Sold by
Provencio James S and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Hills David L $990,000 First American Title Company
Lewis Mark $720,000 Commonwealth Land Title Co
Guirges Daoud S -- Gateway Title
Guirges Raef S -- --
Guirges Raef S $188,500 Commonwealth Land Title Co
Nobari Manoucher $175,000 Gateway Title Company
Federal Home Loan Mortgage Corporation $260,252 Benefit Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hills David L $420,000
Previous Owner Lewis Mark $576,000
Previous Owner Guirges Daoud S $265,000
Previous Owner Guirges Daoud S $183,700
Previous Owner Guirges Raef S $150,800
Previous Owner Nobari Manoucher $213,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2018 06/18/18 Sold $990,000 -0.7% $359 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $997,000 -- $361 / 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 $12,927 $1,126,447 $398,238 $728,209
2024 $12,927 $1,104,361 $390,430 $713,931
2023 $12,687 $1,082,708 $382,775 $699,933
2022 $12,517 $1,061,479 $375,270 $686,209
2021 $12,290 $1,040,666 $367,912 $672,754
2019 $11,935 $1,010,020 $357,000 $653,020
2018 $8,997 $760,220 $686,100 $74,120
2017 $8,974 $760,000 $686,100 $73,900
2016 $7,973 $675,000 $472,000 $203,000
2015 $7,912 $675,000 $472,000 $203,000
2014 $7,303 $624,000 $435,800 $188,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18064791

California Regional Multiple Listing Service (CRMLS)

APN: 4085-002-005