Check Availability

3450 Emerald Street

3450 Emerald Street, Torrance, CA 90503
Multifamily in Delthome
Sold Dec 03, 2019
$17,545,000
$17,884,000 by Arbor Agency Lending, Llc
Mortgage Due Apr 01, 2058
Sold Dec 24, 1998
$3,500,000
3450 Emerald Street has been categorized by the local assessors in Torrance, CA as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The home has a total of 73 bedrooms. Residents will have access to 71 full bathrooms. There are 71 partial bathrooms in the home. In addition, 3450 Emerald Street has 42,612 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 49,871 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The property was last sold in Sep 4, 2019 for $17,545,000. That's $411.74 per sqft. Prior to that sales transaction, the property was also sold in Dec 23, 1998 for $3,500,000. 3450 Emerald Street was last assessed in 2023. The total value of the property was assessed at $18,442,924. Specifically, the land the property is located on was valued at $12,908,471. While improvements on the property were assessed at a total of $5,534,453. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $212,401. The initial tax year of delinquency was in 2019. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Assigned Parking
Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 73
  • Bathroom Count: 71
  • Full Bathrooms: 71
  • Partial Bathrooms: 71
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 49
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 49,871
  • Total Building Area: 42,612
  • Gross Building Area: 42,612
  • Building Area: 42,612
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 42,612
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 3458
  • Land Acres: 1.145
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TRACT NO 3458 W 165 FT OF S 301.5 FT OF N 306.5 FT OF LOT/SEC 10

Ownership

  • Current Owner : 312 CALLE MIRAMAR LLC
  • Previous Owner : OWEN ENTERPRISES LLC
  • Owner Before Previous Owner: COCO PALMS INVESTMENT CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Torrance Unified School District
  • Census Tract: 650604

Zoning

  • Zoning: TORR-MH

Geography

  • Assessors Map Reference: 68-B3
  • Subdivision Tract Number: 3458
  • Parcel: 7524-013-043
  • Lot: 10
  • Municipality: SOUTH /RED BCH/TORR RI
  • Latitude: 33.8408
  • Longitude: -118.347

    Address

  • Full Address: 3450 Emerald St
  • Address - House Number: 3450
  • Address - Street Name: Emerald
  • Address - Suffix Type: St
  • State: CA
  • City Name: Torrance
  • Carrier Code: C054
  • 4-Digit Zip Code: 3723
  • Zip Code: 90503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $212,401
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 09-340

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 4,808,223
  • High Value: 5,365,553
  • Low Value: 4,250,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $17,884,000
  • First Open Lien Mortgage Lender: ARBOR AGENCY LENDING, LLC
  • First Open Lien Mortgage Recording Date: Mar 29, 2023
  • First Open Lien Mortgage Loan Amount: $17,884,000
  • First Open Lien Mortgage Term: 420
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,442,924
  • Assessed Land Value: $12,908,471
  • Assessed Improvements Value: $5,534,453

    Sales

  • Current Sale Contract Date: Sep 04, 2019
  • Current Sale Recording Date: Dec 03, 2019
  • Current Sale Transaction ID: 11706838636
  • Current Sale Price: $17,545,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1324531
  • Previous Sale Recording Date: Dec 24, 1998
  • Previous Sale Contract Date: Dec 23, 1998
  • Previous Sale Amount: $3,500,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: PREFERRED BANK
  • First Mortgage Transaction Date: Dec 03, 2019
  • First Mortgage Loan Amount: $14,300,000
  • First Mortgage Loan Type: Commercial

About Torrance



Similar Buildings

Multifamily at 3450 Emerald Street,

3101 Plaza Del Amo

  • 1 Unit for Sale
3101 Plaza Del Amo, Torrance, CA 90503
Multifamily at 3450 Emerald Street,

4813 Carmelynn Street

  • 1 Unit for Sale
4813 Carmelynn Street, Torrance, CA 90503
Multifamily at 3450 Emerald Street,

2889 Plaza Del Amo

  • 1 Unit for Sale
2889 Plaza Del Amo, Torrance, CA 90503
Multifamily at 3450 Emerald Street,

22607 Maple Avenue

  • 1 Unit for Sale
22607 Maple Avenue, Torrance, CA 90505
Multifamily at 3450 Emerald Street,

22819 Nadine Circle

  • 1 Unit for Sale
22819 Nadine Circle, Torrance, CA 90505
Multifamily at 3450 Emerald Street,

2806 Spreckels Lane

  • 1 Unit for Sale
2806 Spreckels Lane, Redondo Beach, CA 90278

Nearby Rentals

Unit for rent at

$1,950 /mo

  • 1 Bed
  • 1 Bath
  • 495 ft²
Listing by Manager
Unit for rent at

$2,000 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
Listing by Manager
Unit for rent at

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 800 ft²
Listing by Manager
Unit for rent at

$1,995 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Manager
Unit for rent at

$1,695 /mo

  • 1 Bed
  • 1 Bath
  • 590 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 3450 Emerald Street located in?
The 3450 Emerald Street is a multifamily located in the neighborhood of Delthome in Torrance, Torrance.
What is the average sales price for listings in 3450 Emerald Street?
The average sales price for units in 3450 Emerald Street is $18,295,000 currently.

Quantcast