NOT LISTED FOR SALE

10531 Burin Ave Inglewood, CA 90304

Lennox Neighborhood

Estimated Value: $926,000 - $1,278,000

4 Beds
4 Baths
2,380 Sq Ft
$445/Sq Ft Est. Value

Last Sold March 16, 2017

Last sale price $670,000 $282 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,718/month

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near a park
  • Central Air
  • Fireplace in Bathroom
  • Double Pane Windows
  • Turnkey

About This Home

As of March 2017

Great income property in the City of Lennox! 4 units each 1 bedroom / 1 bath. Each has their own gas meter, electric meter, AC unit and recently added sound proof windows. All units are currently being rented out. 2-2 car garages. Plenty of parking in this 10,000+ sqft lot, so tenants won't have to worry about parking ! Close to elementary schools, shopping centers, transportation, freeways, and up and coming area with Rams Stadium. Great opportunity for investment!

Last Agent to Sell the Property

Nohemi Felix

eXp Realty of California Inc. License #01991007 Listed on: 01/30/2017

eXp Realty of California Inc.

Last Buyer's Agent

Nohemi Felix

eXp Realty of California Inc. License #01991007 Listed on: 01/30/2017

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,928

Year Built

  • Built in 1950

Lot Details

  • 10,331 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 2,380 Sq Ft Home
  • Double Pane Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Property is near a park
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 288
  • Assessor Parcel Number 4036018021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $150
  • New Taxes Expense $10,876
  • Operating Expense $900
  • Gross Income $3,900
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,928

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Zoning: LCR3YY
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 4036018021
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath
  • Price Per Square Foot: 281.51
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: No
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Park Nearby
  • Lot Size Sq Ft: 10331.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3900.00
  • Gross Scheduled Income: 3900.00
  • Insurance Expense: 900.00
  • Net Operating Income: 2000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 220.00
  • Rent Control: No
  • Total Actual Rent: 3900.00
  • Total Expenses: 900.00

Tax Info

  • New Taxes Expense: 10876.00
  • Tax Census Tract: 6018.02
  • Tax Lot: 25
  • Tax Tract Number: 288

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2017
Closed on
Mar 13, 2017
Sold by
Rodriguez Jose
Bought by
Burin Lenox Llc
Seller's Agent
Nohemi Felix
eXp Realty of California Inc.
Buyer's Agent
Nohemi Felix
eXp Realty of California Inc.
List Price
$649,900
Sold Price
$670,000
Premium/Discount to List
$20,100
3.09%
Current Estimated Value
$1,059,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,628
Avg. Annual Appreciation
5.38%
Original Mortgage
$435,000
Outstanding Balance
$365,434
Interest Rate
4.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$694,194

Purchase Details

Closed on
Jan 18, 2007
Sold by
Hernandez Griselda
Bought by
Rodriguez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2005
Sold by
Hernandez Fermin
Bought by
Hernandez Griselda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Castaneda Humberto
Bought by
Hernandez Griselda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2003
Sold by
Murillo Rosa
Bought by
Casteneda Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2002
Sold by
Haro Ruben
Bought by
Castaneda Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.95%

Purchase Details

Closed on
Nov 9, 1993
Sold by
Haro Rosa
Bought by
Haro Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burin Lenox Llc $670,000 Old Republic Title Company
Rodriguez Jose -- Old Republic Title Company
Rodriguez Jose $630,000 Lawyers Title
Hernandez Griselda -- Lawyers Title
Hernandez Griselda $485,000 Lawyers Title
Casteneda Humberto -- Provident Title Company
Castaneda Humberto $265,000 --
Haro Ruben -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burin Lenox Llc $435,000
Previous Owner Rodriguez Jose $472,500
Previous Owner Hernandez Griselda $436,500
Previous Owner Casteneda Humberto $316,500
Previous Owner Castaneda Humberto $212,000
Previous Owner Haro Ruben $183,500
Closed Castaneda Humberto $26,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2017 03/16/17 Sold $670,000 +3.1% $282 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $649,900 -- $273 / 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 $13,928 $777,586 $552,436 $225,150
2024 $13,928 $762,340 $541,604 $220,736
2023 $13,319 $747,393 $530,985 $216,408
2022 $13,144 $732,739 $520,574 $212,165
2021 $13,120 $718,372 $510,367 $208,005
2019 $11,580 $697,067 $495,230 $201,837
2018 $11,210 $683,400 $485,520 $197,880
2016 $10,877 $713,010 $497,978 $215,032
2015 $10,579 $702,301 $490,498 $211,803
2014 $10,516 $688,545 $480,890 $207,655
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nohemi Felix

    eXp Realty of California Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17019368

California Regional Multiple Listing Service (CRMLS)

APN: 4036-018-021

California Los Angeles County Inglewood 90304 Lennox

10531 Burin Ave, Inglewood, CA

Not Listed for Sale

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