NOT LISTED FOR SALE

Estimated Value: $1,580,000 - $2,562,622

8 Beds
6 Baths
4,302 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $1,730,000 $402 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,880/month

6 Days on Market

Highlights

  • Spa
  • Primary Bedroom Suite
  • Lawn
  • Victor Elementary School Rated A
  • Granite Countertops
  • Double Pane Windows

About This Home

As of October 2018

4 UNITS:
Unit Mix: 3BD/2BA, 2BD/2BA, 2BD/1BA, 1BD/1BA
Best value, Best condition, highly desirable West Torrance School district, MUST SEE ! 4,302 Sqft Building on a 6,900 Sqft lot built in 1963. The front building includes the owners unit, the rear building has 3 units, a huge patio / deck area, laundry room, + 5 Car garage. The property is impeccably kept. With updated stucco, neat lawn, the exterior was painted approximately a few years ago, newer roof, security doors, rain gutters, exterior lights, dual pane windows, and neat landscaping. The Front 3 Bed/2 Bath unit has a surprisingly large living and dining area with brick fireplace and sliding glass door onto the rear porch. The interior is freshly painted with neutral colors, Italian style tile, tasteful baseboard molding and is move in ready for market rent. The kitchen features: wood cabinetry with granite counter top, built in stove, oven, microwave, and dishwasher, in unit laundry hookups, LED lighting, and more. The hall bath was remodeled with light wood cabinets, granite counter top, plentiful storage, newer toilet, Italian style tile at the flooring and tub, and newer fixtures and tub. The rooms are a comfortable size and have double door wardrobes closets. The spacious master suite has 2 double door closets. Its 2012 remodeled master bathroom features: light cabinets, granite countertops, LED lights, Italian style tile, 2 double door closet, shower. The hall has tasteful bamboo style laminate.

Last Agent to Sell the Property

Ken Conant

Estate Properties License #00851703 Listed on: 09/27/2018

Last Buyer's Agent

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,008

Year Built

  • Built in 1963

Lot Details

  • 6,900 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Lawn

Parking

  • 5 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors

Home Design

  • Stucco

Interior Spaces

  • 4,302 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom Suite
  • 6 Bathrooms
  • Spa Bath

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Spa
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 16
  • Tax Tract Number 3218
  • Assessor Parcel Number 7524015094

Community Details

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $612
  • Gardener Expense $720
  • Insurance Expense $3,500
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $21,250
  • Operating Expense $27,882
  • Gross Income $60,864
  • Net Operating Income $32,718

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,008

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 900.00
  • Zoning: TORR-MH
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7524015094
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 402.14
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite
  • Spa Features: Bath
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Security
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Three Door
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Microwave
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Sewer: Unknown
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 612.00
  • Gross Income: 60864.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 3500.00
  • Laundry Income: 264.00
  • Lot Size Area: 6900.0000 Square Feet
  • Net Operating Income: 32718.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27882.00
  • Rent Control: No
  • Total Actual Rent: 5050.00
  • Total Expenses: 27882.00

Tax Info

  • New Taxes Expense: 21250.00
  • Tax Census Tract: 6506.02
  • Tax Lot: 16
  • Tax Tract Number: 3218

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2018
Closed on
Oct 9, 2018
Sold by
Bergh Sharon Ann and Helen S Bergh Living Trust
Bought by
Warren Clifton R
Seller's Agent
Ken Conant
Estate Properties
Buyer's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,698,000
Sold Price
$1,730,000
Premium/Discount to List
$32,000
1.88%
Current Estimated Value
$2,200,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,115
Avg. Annual Appreciation
3.23%
Original Mortgage
$1,211,000
Outstanding Balance
$1,062,589
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,083,817
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
Warren Clifton R $1,730,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Clifton R $1,211,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $1,730,000 +1.9% $402 / Sq Ft
09/27/2018 09/27/18 For Sale $1,698,000 -- $395 / 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 $22,008 $1,929,843 $1,338,620 $591,223
2024 $22,008 $1,892,004 $1,312,373 $579,631
2023 $21,598 $1,854,907 $1,286,641 $568,266
2022 $21,310 $1,818,537 $1,261,413 $557,124
2021 $20,951 $1,782,880 $1,236,680 $546,200
2020 $20,639 $1,764,600 $1,224,000 $540,600
2019 $20,347 $1,730,000 $1,200,000 $530,000
2018 $8,129 $664,034 $204,180 $459,854
2016 $7,687 $638,251 $196,252 $441,999
2015 $7,520 $628,665 $193,305 $435,360
2014 $7,344 $616,351 $189,519 $426,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18233676

California Regional Multiple Listing Service (CRMLS)

APN: 7524-015-094