NOT LISTED FOR SALE

Gardena, CA 90249

Estimated Value: $1,556,000 - $2,026,427

5 Beds
3 Baths
4,360 Sq Ft
$406/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $1,500,000 $344 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,755/month

Highlights

  • No HOA
  • Laundry Room
  • Radiant Heating System
  • One Hundred Fifty-Sixth Street Elementary School Rated A-

About This Home

As of August 2019

A much sought-after 4-plex in Gardena, California. A non-rent controlled asset, this rare-find boasts ( 1) 3BD + 2BA and (3) 2BD + 1BA units totaling 4,360 sf on 7,541 sf lot. The property has recently underwent a mass upgrade to all four units. Floor plans feature open and bright layouts, with
spacious rooms and living spaces throughout each unit.

The complex is beautifully and newly renovated to perfection: brand new vinyl flooring, freshly painted fences, low-e double pane vinyl windows, new ceiling fans, completely refinished modern kitchen with sleek and elegant new cabinets and new hardware, straight granite counter tops, and bathrooms complete with bright new vanities.

The subject property is situated in a prime Gardena location, near the intersection of Manhattan Beach Boulevard and Redondo Beach Boulevard, close to
parks, schools, retail stores and restaurants. Gardena is a city located in the South Bay area of Los Angeles County, CA. The city has a total area of 5.9 square miles and is bordered by Los Angeles to the north, Harbor Gateway on the east and south and Torrance and Hawthorne to the west.

PROPERTY HIGHLIGHTS
• Non Rent Control
• Newly Renovated Units
• Units Size Range from Approximately 900 SF to 1,500 SF
• Close Proximity to Shopping, Restaurants and Schools

Last Agent to Sell the Property

Lillian Wang

Compass License #02067412 Listed on: 08/29/2019

Compass

Co-Listed By

Amante Rigor

Keller Williams Realty License #01930337

Last Buyer's Agent

Mike Baker

Estate Properties License #00934330

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,541 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,360 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces

Additional Features

  • Suburban Location
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 24361
  • Assessor Parcel Number 4063012003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,600
  • Trash Expense $648
  • Water Sewer Expense $3,480
  • New Taxes Expense $19,688
  • Operating Expense $28,576

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,541 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3480.00
  • Zoning: GAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4063012003
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 344.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 648.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7541.00
  • Lot Size Acres: 0.1731

Multi Family

  • Electric Expense: 360.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7541.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28576.00
  • Rent Control: No
  • Total Expenses: 28576.00

Tax Info

  • New Taxes Expense: 19688.00
  • Tax Census Tract: 6034.00
  • Tax Lot: 23
  • Tax Tract Number: 24361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2020
Sold by
Lenders Socrates and Lenders Socrates
Bought by
Lenders Socrates and Lenders Socrates
Current Estimated Value
$1,763,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,600
Outstanding Balance
$823,491
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$946,366

Purchase Details

Listed on
Aug 29, 2019
Closed on
Jul 2, 2019
Sold by
Liu Mimi and The Mimi Liu Family Trust
Bought by
Lenders Socrates and Lenders Socrates
Seller's Agent
Lillian Wang
Compass
Buyer's Agent
Mike Baker
Estate Properties
List Price
$1,575,000
Sold Price
$1,500,000
Premium/Discount to List
-$75,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
Original Mortgage
$931,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2009
Sold by
Liu Mimi
Bought by
Liu Mimi and Mimi Liu Family Trust

Purchase Details

Closed on
Jan 5, 2006
Sold by
Liu Mingming
Bought by
Liu Mimi

Purchase Details

Closed on
Apr 14, 2005
Sold by
Brajevich Nikki M and Dorothy Brajevich Revocable Tr
Bought by
Liu Mingming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lenders Socrates -- North American Title
Lenders Socrates $1,500,000 Lawyers Title
Liu Mimi -- None Available
Liu Mimi -- Accommodation
Liu Mingming $780,000 New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lenders Socrates $931,600
Previous Owner Lenders Socrates $931,600
Previous Owner Liu Mingming $500,000
Closed Liu Mingming $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 For Sale $1,575,000 +5.0% $361 / Sq Ft
08/20/2019 08/20/19 Sold $1,500,000 -- $344 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,146 $1,640,465 $765,550 $874,915
2024 $20,146 $1,608,300 $750,540 $857,760
2023 $19,785 $1,576,766 $735,824 $840,942
2022 $18,802 $1,545,850 $721,397 $824,453
2021 $18,599 $1,515,540 $707,252 $808,288
2019 $12,262 $974,652 $584,793 $389,859
2018 $12,046 $955,542 $573,327 $382,215
2016 $11,498 $918,439 $551,065 $367,374
2015 $11,309 $904,644 $542,788 $361,856
2014 $11,312 $886,924 $532,156 $354,768
Source: Public Records

Agents Affiliated with this Home

  • Lillian Wang

    Seller's Agent in 2019

    Lillian Wang

    Compass

    (323) 538-5322

    18 Total Sales

    Lillian Wang
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Amante Rigor

    Keller Williams Realty

  • Mike Baker

    Buyer's Agent in 2019

    Mike Baker

    RE/MAX

    34 Total Sales

    Mike Baker
    Section Image
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19207001

California Regional Multiple Listing Service (CRMLS)

APN: 4063-012-003

California Los Angeles County Gardena

90249

Not Listed for Sale

MultiFamily

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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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