Seller's Agent in 2024
Joseph Yong Cho
Home Team Realty
(310) 720-4989
1 in this area
8 Total Sales
963 W 223rd St Torrance, CA 90502
West Carson NeighborhoodEstimated Value: $1,445,000 - $1,601,000
8
Beds
5
Baths
3,448
Sq Ft
$441/Sq Ft
Est. Value
Highlights
- 0.43 Acre Lot
- Laundry Room
- 1-Story Property
About This Home
As of May 2024Welcome to amazing investment opportunity for spacious Fourplex in Torrance P.O., LA county strip in South Bay. Three building 4units: One 3Bd/2Ba, Two 2Bd/1Ba, and One 1Bd/1Ba. "Sale for LAND VALUE of $75/sf." Record shows 3 buildings of 3,448sf on huge lot of 18,619sf(65' x 290').
Very convenient location to access Freeway, Harbor UCLA Medical Center, Airport, Harbor and Shopping Centers. Walk to Meyler Street Elementary School. Tremendous residential construction boom in this area. LCM1 zoning, LA Unified School District, Need TLC, Copper plumbing, To be sold AS-IS condition. Two 2 car & 1 car garage space. Good long term tenants with low rent. Tenant to pay Electric & Gas. Do not bothering tenants, Drive by outside only. Do not go in the property. Submit all offer subject to inspection. Showing is subject to accept offer. Don't miss this rare chance, Hurry Hurry!!!
Last Agent to Sell the Property
Home Team Realty Brokerage Phone: 310-720-4989 License #01081057 Listed on: 03/16/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 65 x 290
- 1 Common Wall
Parking
- 5 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,448 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 35
- Tax Tract Number 3239
- Assessor Parcel Number 7344004023
- $1,145 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,161
- Trash Expense $1,697
- Water Sewer Expense $2,450
- New Taxes Expense $6,037
- Operating Expense $12,345
- Gross Income $76,440
- Net Operating Income $64,095
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 16, 2024
Closed on
Apr 26, 2024
Sold by
Kang Do Sik and Kang Family Trust
Bought by
Chang Philip Minsuk and Avina Sangeun
Seller's Agent
Joseph Yong Cho
Home Team Realty
Buyer's Agent
Ki Kim
Solidon Real Estate, Inc
List Price
$1,400,000
Sold Price
$1,520,000
Premium/Discount to List
$120,000
8.57%
Views
72
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,846
Avg. Annual Appreciation
0.07%
Original Mortgage
$1,064,000
Outstanding Balance
$1,046,094
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$475,752
Purchase Details
Closed on
Jun 25, 2003
Sold by
Kang Do Sik and Kang Myung Sook
Bought by
Kang Do Sik and Kang Myung Sook
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chang Philip Minsuk | $1,520,000 | Lawyers Title | |
| Avina Sangeun | -- | Lawyers Title | |
| Chang Philip Minsuk | -- | Lawyers Title | |
| Kang Do Sik | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Avina Sangeun | $1,064,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2024 05/03/24 | Sold | $1,520,000 | +8.6% | $441 / Sq Ft |
| 03/26/2024 03/26/24 | Pending | -- | -- | -- |
| 03/16/2024 03/16/24 | For Sale | $1,400,000 | -- | $406 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,474 | $1,550,400 | $1,317,840 | $232,560 |
| 2024 | $6,474 | $419,927 | $419,753 | $174 |
| 2023 | $6,036 | $411,694 | $411,523 | $171 |
| 2022 | $5,775 | $403,622 | $403,454 | $168 |
| 2021 | $5,724 | $395,709 | $395,544 | $165 |
| 2020 | $5,761 | $391,653 | $391,489 | $164 |
| 2019 | $5,406 | $383,974 | $383,813 | $161 |
| 2018 | $5,066 | $376,446 | $376,288 | $158 |
| 2016 | $4,793 | $361,829 | $361,677 | $152 |
| 2015 | $4,723 | $356,395 | $356,245 | $150 |
| 2014 | $4,752 | $349,415 | $349,267 | $148 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Yong Cho
-
Ki Kim
Buyer's Agent in 2024
Ki Kim
Solidon Real Estate, Inc
(310) 800-7004
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24047855
APN: 7344-004-023
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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