NOT LISTED FOR SALE

Estimated Value: $1,485,402

8 Beds
5 Baths
3,448 Sq Ft
$431/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2024

Last sale price $1,520,000 $441 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,895 / mo

10 Days on Market

About This Home

As of May 2024

Welcome 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

Joseph Yong Cho

Home Team Realty Brokerage Phone: 310-720-4989 License #01081057 Listed on: 03/16/2024

Home Team Realty

Last Buyer's Agent

Ki Kim

Solidon Real Estate, Inc License #01997512

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 18,679 Sq Ft 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 in unit

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

Amenities

  • Laundry Facilities

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0.43 Acres

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2450.00
  • Zoning: LCM1*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7344004023
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 440.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1697.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size: 65 x 290
  • Lot Size Sq Ft: 18679.00
  • Lot Size Acres: 0.4288

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 76440.00
  • Gross Scheduled Income: 76440.00
  • Insurance Expense: 2161.00
  • Lot Size Area: 18679.0000 Square Feet
  • Net Operating Income: 64095.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 12345.00
  • Rent Control: Yes
  • Total Expenses: 12345.00

Tax Info

  • New Taxes Expense: 6037.00
  • Tax Census Tract: 5435.03
  • Tax Lot: 35
  • Tax Tract Number: 3239
  • TaxOtherAnnualAssessmentAmount: 1145.00

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
Mar 16, 2024
Closed on
May 1, 2024
Sold by
Bought by
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
$1,485,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,598
Avg. Annual Appreciation
-1.02%
Original Mortgage
$1,064,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2024
Closed on
Apr 16, 2024
Sold by
Bought by
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Lawyers Title
-- Lawyers Title
$1,520,000 Lawyers Title
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,040,000
Closed $1,064,000
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
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

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 $20,585 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24047855

California Regional Multiple Listing Service (CRMLS)

APN: 7344-004-023

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