NOT LISTED FOR SALE

4208 Pacific Coast Hwy Torrance, CA 90505

Riviera Neighborhood

Estimated Value: $2,471,823

-- Bed
-- Bath
3,240 Sq Ft
$763/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $1,660,000 $512 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $14,769/month

110 Days on Market

Highlights

  • 1-Story Property
  • Riviera Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of November 2024

Why rent when you can OWN! A rare investment opportunity that is 1031-EXCHANGE ELIGIBLE from RESIDENTIAL PROPERTY. Spanning 3,240 square feet across four units on an 11,690-square-foot lot, this single-level property boasts high visibility and traffic flow. Situated within the bustling Vista Plaza Shopping Center, it appeals to both investors and potential owner-users. Over 51% of the property will be delivered vacant, making it eligible for SBA FINANCING, which allows you to put as little as 10% down. The location is strategically positioned along the iconic Pacific Coast Highway, offering exceptional visibility and accessibility within South Torrance, a coastal city that's highly attractive to businesses and residents due to its proximity to major urban centers like Los Angeles and Orange County.

Last Agent to Sell the Property

Soon Choi

First Team Real Estate License #02015477 Listed on: 05/02/2024

First Team Real Estate

Co-Listed By

William Chiang

First Team Real Estate License #01804169

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,199

Year Built

  • Built in 1972

Lot Details

  • 0.27

Parking

  • 10 Parking Spaces

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property

Additional Features

  • 0.27 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7532-008-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,199

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Why rent when you can OWN! A rare investment opportunity that is 1031-EXCHANGE ELIGIBLE from RESIDENTIAL PROPERTY. Spanning 3,240 square feet across four units on an 11,690-square-foot lot, this single-level property boasts high visibility and traffic flow. Situated within the bustling Vista Plaza Shopping Center, it appeals to both investors and potential owner-users. Over 51% of the property will be delivered vacant, making it eligible for SBA FINANCING, which allows you to put as little as 10% down. The location is strategically positioned along the iconic Pacific Coast Highway, offering exceptional visibility and accessibility within South Torrance, a coastal city that's highly attractive to businesses and residents due to its proximity to major urban centers like Los Angeles and Orange County.
  • Living Area: 3240
  • Lot Acreage: 0.2684
  • Year Built: 1972
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 615.74

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 38.84
  • Assessed Improvement Value: 680847
  • Assessed Land Percent: 61.16
  • Assessed Land Value: 1072201
  • Total Assessed Value: 1753048
  • Assessor Parcel Number: 7532-008-015
  • Lot Size Area: 11690

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 4
  • Type Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2018
Sold by
Ortega Linda Colleen and Robert Walsh Ghastin Family Tr
Bought by
J Cmerl Llc
Current Estimated Value
$2,471,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$659,474
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,812,349

Purchase Details

Closed on
Jun 29, 2001
Sold by
Ghastin Robert Walsh
Bought by
Ghastin Robert Walsh and Robert Walsh Ghastin Family Tr
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
J Cmerl Llc $1,635,000 Fidelity National Title Comp
Ghastin Robert Walsh -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Cmerl Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $1,660,000 -16.8% $512 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $1,995,000 -- $616 / Sq Ft
Source: The MLS

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 $21,199 $1,660,000 $975,000 $685,000
2024 $21,199 $1,788,108 $1,093,645 $694,463
2023 $20,805 $1,753,048 $1,072,201 $680,847
2022 $20,526 $1,718,676 $1,051,178 $667,498
2021 $20,163 $1,684,977 $1,030,567 $654,410
2020 $19,869 $1,667,700 $1,020,000 $647,700
2019 $19,586 $1,635,000 $1,000,000 $635,000
2018 $3,662 $236,974 $75,389 $161,585
2016 $3,471 $227,773 $72,462 $155,311
2015 $3,396 $224,353 $71,374 $152,979
2014 $3,326 $219,959 $69,976 $149,983
Source: Public Records

Agents Affiliated with this Home

  • Soon Choi

    Seller's Agent in 2024

    Soon Choi

    First Team Real Estate

    (310) 308-4958

    1 in this area

    8 Total Sales

    Soon Choi
    Section Image
  • William Chiang

    Seller Co-Listing Agent in 2024

    William Chiang

    First Team Real Estate

    (949) 759-5747

    2 in this area

    56 Total Sales

    William Chiang
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 24-415987

The MLS

APN: 7532-008-015

California Los Angeles County Torrance 90505 Riviera

4208 Pacific Coast Hwy, Torrance, CA

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