NOT LISTED FOR SALE

Estimated Value: $1,134,133 - $1,263,000

3 Beds
2 Baths
1,085 Sq Ft
$1,093/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $765,000 $705 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,289/month

9 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Landscaped
  • Edison Elementary School Rated A-
  • Laundry Room
  • 5-minute walk to Pequeno Park

About This Home

As of April 2018

Fabulous location on North Torrance sitting directly east of Hermosa Beach, close to the Galleria, North Torrance High School and easy access to the 405 freeway. This is a Trust sale being sold in it's preset as-is condition. All units are occupied with good tenants and are now on month to month agreements. There is an alley in the back allowing maximum use of the 7,281 square foot lot. Many rental units all around. Assessor shows two units. * PLEASE REVIEW THE SUPPLEMENT FOR MORE EXACTING UPDATED INFORMATION*SUPPLEMENT MUST BE SIGNED WITH ANY OFFER.A free standing single family home at the front, two bedroom, one bath with large covered patio; a one bedroom, one bath, two level in the back with large attached workshop. There is a total of 3 bedroom and 2 baths. All have their own stove and refrigerator. There is a separate laundry room with existing washer and dryer. Two parking spaces enclosed but with a chain link fence securing the entry section and one parking spot adjacent parrell to the alley. Lots of fruit trees and well maintained. This is a great investor property or live in one and rent out the others.
Buyer(s) to completely satisfy themselves as to any and all possible uses of the property and any zoning, current uses, permits etc.
This is a drive by only, Do Not disturb any Tenants. Subject to inspection upon accepted offer. Property being sold with tenants in place.

Last Agent to Sell the Property

Jerry and Elena LeGris

Legris Team Real Estate License #00885785 Listed on: 01/23/2018

Last Buyer's Agent

Rose Alvarez

Berkshire Hathaway HomeServices California Properties License #00991499

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,927

Year Built

  • Built in 1954

Lot Details

  • 7,282 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,085 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 150
  • Tax Tract Number 15933
  • Assessor Parcel Number 4084020020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $10,550
  • Net Operating Income $31,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,927

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.08
  • Other Phone Description: 949-510-2370
  • Property Attached: Yes
  • Zoning: TORR-MD
  • Property Type: Residential Income
  • Parcel Number: 4084020020
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 705.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street
  • Lot Size Sq Ft: 7282.00

Multi Family

  • Gross Multiplier: 17.45
  • Gross Operating Income: 10550.00
  • Gross Scheduled Income: 44400.00
  • Net Operating Income: 31650.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 10550.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 3700.00
  • Vacancy Allowance: 2200
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 6503.00
  • Tax Lot: 150
  • Tax Tract Number: 15933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2018
Closed on
Apr 5, 2018
Sold by
Medina Elisa
Bought by
Maruna Oliver Demian
Seller's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Buyer's Agent
Rose Alvarez
Berkshire Hathaway HomeServices California Properties
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%
Current Estimated Value
$1,186,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,033
Avg. Annual Appreciation
6.24%
Original Mortgage
$415,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2018
Sold by
Watson Robert Lynn and Watson Diane Marie
Bought by
Maruna Oliver Demian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2016
Closed on
Sep 1, 2016
Sold by
Watson Charles M
Bought by
Watson Charles M and Lara Carmen H
Seller's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Buyer's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Sold Price
$1,350

Purchase Details

Listed on
Jun 20, 2016
Closed on
May 25, 2016
Sold by
Watson Robert L
Bought by
Watson Robert Lynn and Watson Family Revocable Trust
Seller's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Buyer's Agent
Jerry and Elena LeGris
Legris Team Real Estate
Sold Price
$1,350

Purchase Details

Closed on
Mar 5, 2009
Sold by
Watson Lottie P
Bought by
The Lottie P Watson Living Trust
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
Maruna Oliver Demian -- Orange Coast Title Co
Maruna Oliver Demian $765,000 Orange Coast Title Company
Watson Charles M -- None Available
Watson Robert Lynn -- None Available
Watson Charles M -- None Available
The Lottie P Watson Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maruna Oliver Demian $252,000
Previous Owner Maruna Oliver Demian $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2018 04/09/18 Sold $765,000 -1.3% $705 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $775,000 0.0% $714 / Sq Ft
07/20/2016 07/20/16 Rented $1,350 0.0% --
06/25/2016 06/25/16 Off Market $1,350 -- --
06/20/2016 06/20/16 For Rent $1,350 -22.9% --
02/11/2015 02/11/15 Rented $1,750 -12.3% --
02/11/2015 02/11/15 For Rent $1,995 -- --
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 $9,927 $870,433 $540,466 $329,967
2024 $9,927 $853,367 $529,869 $323,498
2023 $9,744 $836,635 $519,480 $317,155
2022 $9,614 $820,232 $509,295 $310,937
2021 $9,446 $804,150 $499,309 $304,841
2020 $9,305 $795,906 $494,190 $301,716
2019 $9,173 $780,300 $484,500 $295,800
2018 $1,258 $83,511 $48,886 $34,625
2016 $1,194 $80,271 $46,989 $33,282
2015 $1,091 $79,067 $46,284 $32,783
2014 $1,079 $77,519 $45,378 $32,141
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18016653

California Regional Multiple Listing Service (CRMLS)

APN: 4084-020-020