NOT LISTED FOR SALE

Estimated Value: $1,381,000 - $2,061,000

4 Beds
4 Baths
1,972 Sq Ft
$874/Sq Ft Est. Value

Last Sold July 13, 2019

Last sale price $785,000 $398 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $11,921/month

44 Days on Market

About This Home

As of July 2019

We are pleased to present for sale a 4-unit multifamily building located at 10907 Burin Ave, Inglewood.Constructed in 1943, the 1,972 square foot property is situated on a 8,782 square foot lot. It is located between Inglewood Ave and Hawthorne Blvd, less than a mile from the Los Angeles International Airport. The building consists of four 1BD/BA units.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 04/01/2019

Last Buyer's Agent

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 04/01/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,278

Year Built

  • Built in 1943

Lot Details

  • 8,783 Sq Ft Lot

Parking

  • 9 Parking Spaces

Home Design

  • 1,972 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4037-013-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,278

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: We are pleased to present for sale a 4-unit multifamily building located at 10907 Burin Ave, Inglewood.Constructed in 1943, the 1,972 square foot property is situated on a 8,782 square foot lot. It is located between Inglewood Ave and Hawthorne Blvd, less than a mile from the Los Angeles International Airport. The building consists of four 1BD/BA units.
  • Living Area: 1972
  • Year Built: 1943
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 393.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 9

Lot Info

  • Assessed Improvement Value: 47004
  • Assessed Land Value: 78046
  • Assessor Parcel Number: 4037-013-016
  • Geocode Override: No
  • Lot Size Area: 8783

Rental Info

  • Total Actual Rent: 51900.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.93
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 16849
  • Type Of Units: Rental
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2020
Sold by
Vargas Julio Cesar and Gutierrez Paulina
Bought by
Vargas Flavio
Current Estimated Value
$1,722,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$445,165
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$1,216,930

Purchase Details

Closed on
Jun 11, 2020
Sold by
Vargas Flavio
Bought by
10907 Burin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$445,165
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$1,216,930

Purchase Details

Listed on
Apr 1, 2019
Closed on
Aug 6, 2019
Sold by
Armenta Yadira Carrillo
Bought by
Vargas Flavio
Seller's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
Buyer's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 31, 2019
Sold by
Garcia Isabel J and Garcia Manuel J
Bought by
Vargas Flavio
Seller's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
Buyer's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,250
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2016
Sold by
Garcia Manuel J and Garcia Isabel
Bought by
Garcia Manuel J and Garcia Isabel

Purchase Details

Closed on
May 30, 2013
Sold by
Garcia Manuel J and Garcia Isabel
Bought by
Garcia Manuel J and Garcia Isabel
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
Vargas Flavio -- Lawyers Title Company
10907 Burin Llc $1,375,000 Lawyers Title
Vargas Flavio -- Ticor Title Company
Vargas Flavio $785,000 Ticor Title Company
Garcia Manuel J -- None Available
Garcia Manuel J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 10907 Burin Llc $500,000
Previous Owner Vargas Flavio $100,000
Previous Owner Vargas Julio Cesar $200,000
Previous Owner Vargas Flavio $510,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2019 07/13/19 Sold $785,000 +1.3% $398 / Sq Ft
05/17/2019 05/17/19 For Sale $775,000 0.0% $393 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $775,000 -- $393 / Sq Ft
Source: The MLS

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 $31,278 $2,164,862 $865,945 $1,298,917
2024 $31,278 $2,122,415 $848,966 $1,273,449
2023 $30,672 $2,080,800 $832,320 $1,248,480
2022 $33,912 $2,162,400 $836,400 $1,326,000
2021 $31,006 $2,120,000 $820,000 $1,300,000
2020 $13,309 $785,580 $585,000 $200,580
2019 $4,368 $130,680 $81,198 $49,482
2018 $4,157 $128,130 $79,606 $48,524
2016 $3,871 $122,599 $76,516 $46,083
2015 $4,525 $134,526 $75,367 $59,159
2014 $5,009 $131,892 $73,891 $58,001
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-459586

The MLS

APN: 4037-013-016