NOT LISTED FOR SALE

Estimated Value: $2,179,000

1 Bed
1 Bath
9,035 Sq Ft
$241/Sq Ft Est. Value

Sale Details

Date Sold: February 3, 2015

Last sale price $2,310,000 $256 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $13,598 / mo

12 Days on Market

Highlights

  • 0.56 Acre Lot
  • Property is near public transit
  • No HOA
  • Fern Elementary School Rated A
  • Modern Architecture
  • Laundry Room

About This Home

As of February 2015

First time for sale in over 50+ years. 13 Unit Apt. (all Large 1 Br's) on two "separate" parcels. #604, 608, 612 Madrid (APN # 7354-004-001), and 2326 Dominguez Ave. (APN# 7354-004-002) - to be sold together. Combined improvement sq.ft. is 9,035 and lot size is 150 X 162=24,300. Each apartment has a Private Patio and Wood Burning Fireplace. Apts. are LARGE, appx. 700 sq.ft. each! Additionally there are 12 Garages and a Laundry Room. There is NO rent control in this area of Torrance. ***See attached supplements to this listing for complete details***

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 01/07/2015

Last Buyer's Agent

Steven Watts

Vista Sotheby's International Realty License #00966894

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 24,300 Sq Ft Lot
  • Lot Dimensions are 150 x 162
  • Property fronts an alley
  • 1 Common Wall
  • Grapestake Fence
  • Level Lot
  • Front Yard

Parking

  • 12 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Modern Architecture
  • Property Attached
  • Slab Foundation
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 9,035 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Casement Windows
  • Sliding Doors
  • Living Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 4984
  • Assessor Parcel Number 7354004001

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $900
  • Gardener Expense $4,200
  • Insurance Expense $3,000
  • Maintenance Expense $5,000
  • Other Expense $2,000
  • Pest Control $730
  • Professional Management Expense $9,000
  • Supplies Expense $500
  • Trash Expense $1,500
  • Water Sewer Expense $3,200
  • New Taxes Expense $21,000
  • Gross Income $12,750
  • Net Operating Income $96,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0.56 Acres

Parking

12

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Professional Management Expense: 9000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Old Torrance
  • Supplies Expense: 500.00
  • View: No
  • Water Sewer Expenses: 3200.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 4200.00
  • Parcel Number: 7354004001
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room, Masonry, Wood Burning
  • Levels: One
  • Price Per Square Foot: 255.67
  • Window Features: Casement Windows

Exterior Features

  • Foundation: Slab
  • Fencing: Grapestake
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: On Site, Garage - Single Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 730.00
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard, Level, Lot 20000-39999 Sqft, Near Public Transit
  • Lot Size: 150 X 162
  • Lot Size Sq Ft: 24300.00
  • Lot Size Acres: 0.5580

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 695
  • Electric Expense: 900.00
  • Gross Income: 12750.00
  • Gross Multiplier: 13.73
  • Gross Scheduled Income: 153000.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 24300.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 96830.00
  • Number Of Rented Garages: 12
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 13
  • Operating Expense: 51580.00
  • Operating Expense Percent: 34.00
  • Other Expense: 2000.00
  • Other Expense Description: Plumbing
  • Rent Control: No
  • Total Actual Rent: 12750.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Lot: 19
  • Tax Tract Number: 4984
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2015
Closed on
Jan 21, 2015
Sold by
Bought by
Seller's Agent
Mark Kachigan
Pabst, Kinney & Associates
Buyer's Agent
Steven Watts
Vista Sotheby's International Realty
List Price
$2,100,000
Sold Price
$2,310,000
Premium/Discount to List
$210,000
10%
Current Estimated Value
$2,179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,000

Purchase Details

Closed on
Aug 16, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2001
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,310,000 North American Title Company
-- None Available
-- --
-- --
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/03/2015 02/03/15 Sold $2,310,000 +10.0% $256 / Sq Ft
01/19/2015 01/19/15 Pending -- -- --
01/07/2015 01/07/15 For Sale $2,100,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,085 $1,814,786 $1,183,819 $630,967
2024 $22,060 $1,779,203 $1,160,607 $618,596
2023 $21,662 $1,744,317 $1,137,850 $606,467
2022 $21,375 $1,710,116 $1,115,540 $594,576
2021 $20,985 $1,676,585 $1,093,667 $582,918
2019 $20,402 $1,626,858 $1,061,229 $565,629
2018 $19,624 $1,594,960 $1,040,421 $554,539
2016 $18,695 $1,533,027 $1,000,021 $533,006
2015 $4,184 $232,311 $124,826 $107,485
2014 $4,157 $227,761 $122,381 $105,380
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15003299

California Regional Multiple Listing Service (CRMLS)

APN: 7354-004-001

Your Personal Tour Guide

Ask me questions while you tour the home.