Sold for $1,880,000

Listed by: Bonanza Realty • John Fields • Contact: 310-617-5850

Bought with: Bonanza Realty

$1,880,000

22617 Meyler St, Torrance, CA 90502

13beds

7baths

5,443sqft

Multi Family

Built in 1949

-- sqft lot

$1,113,300 Zestimate^®

$345/sqft

$3,527 Estimated rent

Home value

$1,113,300

$969,000 - $1.28M

$3,527/mo

Zestimate^® history

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$3,527/mo

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$11,945/mo

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$11,945/mo

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What's special

Long drivewaysGigantic lot

Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 7

Appliances

Laundry: Inside

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 5,443
Total interior livable area: 5,443 sqft

Property

Parking

Total spaces: 10
Parking features: Garage
Garage spaces: 10

Features

Levels: Two
Stories: 2
Entry location: ground
Pool features: None

Lot

Size: 0.77 Acres
Features: Agricultural, Near Public Transit, Rectangular Lot

Details

Additional parcels included: 7344019007,7344019010,7344019009
Parcel number: 7344019008
Zoning: LCA1*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1949

Utilities & green energy

Sewer: Sewer Tap Paid
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Location

Region: Torrance

Financial & listing details

Price per square foot: $345/sqft
Tax assessed value: $489,600
Annual tax amount: $6,853
Date on market: 10/6/2023
Cumulative days on market: 99 days
Listing terms: Cash,Conventional
Total actual rent: 7825
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
2/23/2024	Sold	$1,880,000-14.4%$345/sqft
Source: CRMLS #SB23185183 Report a problem
1/13/2024	Contingent	$2,195,000$403/sqft
Source: CRMLS #SB23185183 Report a problem
12/31/2023	Price change	$2,195,000-12.2%$403/sqft
Source: CRMLS #SB23185183 Report a problem
11/14/2023	Listed for sale	$2,500,000$459/sqft
Source: CRMLS #SB23185183 Report a problem
11/8/2023	Contingent	$2,500,000$459/sqft
Source: CRMLS #SB23185183 Report a problem
10/6/2023	Listed for sale	$2,500,000$459/sqft
Source: CRMLS #SB23185183 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,853 +279.3%	$489,600 +577.3%
2024	$1,807 +12.2%	$72,283 +2%
2023	$1,611 +3.6%	$70,867 +2%
2022	$1,554 +0.8%	$69,478 +2%
2021	$1,543 -0.2%	$68,116 +1%
2020	$1,546	$67,418 +2%
2019	$1,546 +15.7%	$66,097 +2%
2018	$1,336	$64,802 +2%
2017	$1,336 +2.2%	$63,533 +2%
2016	$1,307 +2.7%	$62,289 +1.5%
2015	$1,273 +1.7%	$61,354 +2%
2014	$1,252	$60,153 +4.5%
2011	--	$57,559 +0.5%
2009	--	$57,267 +2%
2008	--	$56,145 +4%
2006	--	$53,967
2005	--	$53,967 +4%
2004	--	$51,873 +1.9%
2003	--	$50,923 +2%
2002	--	$49,926 +4%
2000	--	$47,990