$444,500
SOLD OCT 2, 2013

10213 Burin Ave Inglewood, CA 90304

3 Beds
2 Baths
1,956 Sq Ft
5,880 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

8% Below List Price

33 Days on Market

About This Home

As of December 2016

This 4 unit investment property consists of two separate, free standing buildings & includes a great unit mix of 3: (1+1) & 1: (2+1) Owners Unit! This property is conveniently located near the 405 and 105 FWY’s. The building was built in 1930 & has approximately 1,956 RSF.

This is a perfect Value-Add deal for a savvy investor or owner user. The property is not subject to rent control and the rents are currently below market. A new owner can raise the rents and lock in 30-year fixed financing to generate a substantial cash-on-cash return. This investment will not last long.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/11/2013

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,718

Year Built

  • Built in 1930

Lot Details

  • 5,880 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,956 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 5765
  • Assessor Parcel Number 4036013020

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,100
  • Net Operating Income $17,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,718

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • CapRate: 3.71
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 4036013020
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 227.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5880.00
  • Lot Size Acres: 0.1350

Multi Family

  • Gross Income: 3100.00
  • Gross Multiplier: 13.04
  • Gross Scheduled Income: 37200.00
  • Lot Size Area: 5880.0000 Square Feet
  • Net Operating Income: 17995.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17345.00
  • Operating Expense Percent: 47.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 5765
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2022
Sold by
4Jsb Llc
Bought by
3J Imperial Properties Llc
Current Estimated Value
$968,875

Purchase Details

Closed on
Jun 2, 2021
Sold by
Antoon Sherif and Antoon Saly
Bought by
4Jsb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2016
Closed on
Nov 15, 2016
Sold by
Ih2 Property Trs 2 Lp
Bought by
Antoon Sherif and Antoon Saly
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
George Gorgy
Premier Investors R.E., Inc.
List Price
$550,000
Sold Price
$600,000
Premium/Discount to List
$50,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Nov 1, 2015
Sold by
Ii 12 Property West Lp
Bought by
Ih2 Property Trs 2 Lp

Purchase Details

Listed on
Jul 11, 2013
Closed on
Aug 22, 2013
Sold by
Evans Thomas H and Evans Erna M
Bought by
Ih2 Property West Lp
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$485,000
Sold Price
$444,500
Premium/Discount to List
-$40,500
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%

Purchase Details

Closed on
Sep 6, 2012
Sold by
Evans Thomas H and Evans Erna M
Bought by
Evans Thomas H and Evans Erna M

Purchase Details

Closed on
Dec 24, 2004
Sold by
Theme Family Lp B
Bought by
Evans Tom and Evans Erna

Purchase Details

Closed on
Nov 18, 1993
Sold by
Evans Thomas H and Evans Erna M
Bought by
Theme Family Ltd Partnership B

Purchase Details

Closed on
Aug 10, 1993
Sold by
Evans Erna M
Bought by
Evans Thomas H and Evans Erna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed -- --
Grant Deed -- Wfg Title Company
Grant Deed $600,000 Fidelity National Title
Special Warranty Deed -- None Available
Grant Deed $444,500 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Grant Deed -- --
Grant Deed -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,425 Credit Line Revolving
Previous Owner $379,000 New Conventional
Previous Owner $420,000 New Conventional
Previous Owner $140,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2016 12/16/16 Sold $600,000 +9.1% $307 / Sq Ft
11/09/2016 11/09/16 For Sale $550,000 +23.7% $281 / Sq Ft
10/02/2013 10/02/13 Sold $444,500 -8.4% $227 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $485,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,718 $696,345 $522,260 $174,085
2024 $10,718 $682,692 $512,020 $170,672
2023 $10,523 $669,307 $501,981 $167,326
2022 $10,480 $656,185 $492,139 $164,046
2021 $10,292 $643,320 $482,490 $160,830
2020 $10,255 $637,004 $477,543 $159,461
2019 $9,897 $624,520 $468,180 $156,340
2018 $9,644 $612,280 $459,000 $153,280
2016 $6,941 $460,293 $273,898 $186,395
2015 $6,735 $453,380 $269,784 $183,596
2014 $6,687 $444,500 $264,500 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13135652

California Regional Multiple Listing Service (CRMLS)

APN: 4036-013-020