NOT LISTED FOR SALE

10724 State St Lynwood, CA 90262

Estimated Value: $607,491 - $667,000

2 Beds
1 Bath
1,148 Sq Ft
$557/Sq Ft Est. Value

Last Sold December 11, 2015

Last sale price $327,000 $285 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,929/month

75 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Paved or Partially Paved Lot

About This Home

As of December 2015

Unique opportunity to own a portfolio of six ADJACENT properties in Lynwood. This portfolio must be purchased together as a group- no property will be sold individually. The properties are conveniently located immediately south of Century/MLK Blvd between State Street and Long Beach Blvd., minutes from the 105, 605 and 110 freeways and convenient shopping and restaurants at the popular Plaza Mexico. The portfolio has a great unit mix and consists of the following, ADJACENT properties: a nine (9) unit building at 10739 Barlow Ave (MLS# SB15186029), an eight (8) unit building at 10731 Barlow Ave (MLS# SB15186017), a six (6) unit building at 10727 Barlow Ave (MLS# SB15186015), a five (5) unit building at 10735 Barlow Ave (MLS# SB15186024), a four bedroom/two bath single family residence at 10728 State St (MLS# SB15186011), and a two bedroom/one bath single family residence at 10724 State St (MLS# SB15186010). The units for all buildings and houses are rented. This is a value add opportunity with current rents below market. Drive by only, do not disturb tenants or walk on property. Make offers for the entire portfolio subject to inspection. Submit valid, current proof of funds. Inspection will be scheduled for fully qualified offers only.

Last Agent to Sell the Property

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 07/26/2015

Last Buyer's Agent

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 07/26/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,344

Year Built

  • Built in 1925

Lot Details

  • 3,396 Sq Ft Lot
  • Paved or Partially Paved Lot

Interior Spaces

  • 1,148 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Full Bathroom

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 88
  • Tax Tract Number 5403
  • Assessor Parcel Number 6170032005

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,344

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6170032005
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1148.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 284.84
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 3396.00
  • Price Per Lot Square Foot: 96.29
  • Lot Size Acres: 0.0780

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3396.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 88
  • Tax Tract Number: 5403

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2015
Closed on
Nov 2, 2015
Sold by
Walker William S
Bought by
Aqp Barlow Llc
Seller's Agent
Joseph Franklin
Keller Williams Beach Cities
Buyer's Agent
Joseph Franklin
Keller Williams Beach Cities
List Price
$315,000
Sold Price
$327,000
Premium/Discount to List
$12,000
3.81%
Current Estimated Value
$639,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,373
Avg. Annual Appreciation
6.99%
Original Mortgage
$2,725,374
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 1998
Sold by
Walker William S
Bought by
Walker William S and Walker Mary J

Purchase Details

Closed on
Jul 31, 1997
Sold by
Walker William S
Bought by
Walker William S and The William & Mary Walker Family Trust

Purchase Details

Closed on
Jan 27, 1989
Sold by
Walker Bertha S
Bought by
Walker Bertha and Bertha Walker Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aqp Barlow Llc $3,620,000 Fidelity National Title Co
Walker William S -- --
Walker William S -- --
Walter William S -- --
Walker Bertha -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aqp Barlow Llc $6,166,000
Closed Aqp Barlow Llc $216,000
Previous Owner Aqp Barlow Llc $2,725,374
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2015 12/11/15 Sold $327,000 +9.0% $285 / Sq Ft
12/11/2015 12/11/15 Price Changed $300,000 -4.8% $261 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
07/26/2015 07/26/15 For Sale $315,000 -- $274 / 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 $5,344 $363,417 $236,756 $126,661
2024 $5,344 $356,292 $232,114 $124,178
2023 $5,265 $349,307 $227,563 $121,744
2022 $5,078 $342,458 $223,101 $119,357
2021 $5,867 $335,744 $218,727 $117,017
2019 $5,012 $325,789 $212,241 $113,548
2018 $4,616 $319,402 $208,080 $111,322
2016 $4,309 $307,000 $200,000 $107,000
2015 $773 $25,445 $16,088 $9,357
2014 $768 $24,947 $15,773 $9,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15186010

California Regional Multiple Listing Service (CRMLS)

APN: 6170-032-005