NOT LISTED FOR SALE

10941 Elm Ave Unit AB Lynwood, CA 90262

Estimated Value: $736,000 - $989,000

3 Beds
2 Baths
1,661 Sq Ft
$495/Sq Ft Est. Value

Last Sold June 17, 2013

Last sale price $365,000 $220 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $5,028/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • Two Homes on a Lot
  • 1 Car Garage
  • No HOA
  • Laundry Room
  • Turnkey

About This Home

As of June 2013

TWO IN A LOT!!! First unit is 2beds 1bath, formal dining room, inside laundry space, and double car garage. Second unit is 1bed 1 bath with a combine dining area and living room, two parking spaces. Both units were remodeled in late 2008. Buyes bring your offer today!!!!!

Last Agent to Sell the Property

Maria Ochoa

Advantage Realty Group License #01778043 Listed on: 04/09/2013

Last Buyer's Agent

Nahed Benyamein

Allstars Realty License #01000857

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,686

Year Built

  • Built in 1942

Lot Details

  • 6,505 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,661 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 11911
  • Assessor Parcel Number 6193004016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $480
  • Insurance Expense $900
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,686
  • Operating Expense $9,066
  • Gross Income $2,350
  • Net Operating Income $2,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,686

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Other Phone Number: 323-333-5296
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6193004016
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 219.75
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6505.00
  • Lot Size Acres: 0.1490

Multi Family

  • Fuel Expense: 480.00
  • Gross Income: 2350.00
  • Gross Scheduled Income: 2350.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6505.0000 Square Feet
  • Net Operating Income: 2175.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 175.00
  • Rent Control: No
  • Total Expenses: 9066.00

Tax Info

  • New Taxes Expense: 4686.00
  • Tax Lot: 16
  • Tax Tract Number: 11911
  • Tax Annual Amount: 4686.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2013
Closed on
Jun 6, 2013
Sold by
Morales Karla
Bought by
Morales Sergio
Seller's Agent
Maria Ochoa
Advantage Realty Group
Buyer's Agent
Nahed Benyamein
Allstars Realty
List Price
$350,000
Sold Price
$365,000
Premium/Discount to List
$15,000
4.29%
Current Estimated Value
$821,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,854
Avg. Annual Appreciation
6.65%
Original Mortgage
$348,570
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 9, 2013
Closed on
May 30, 2013
Sold by
Nortey Abraham and Ochoa Maria
Bought by
Morales Sergio
Seller's Agent
Maria Ochoa
Advantage Realty Group
Buyer's Agent
Nahed Benyamein
Allstars Realty
List Price
$350,000
Sold Price
$365,000
Premium/Discount to List
$15,000
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,570
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2008
Sold by
Deutsche Bank National Trust Co Americas
Bought by
Nortey Abraham and Guzman Maria

Purchase Details

Closed on
Oct 25, 2007
Sold by
Morfin Jamie Deniz
Bought by
Deutsche Bank Trust Co Americas and Ixis 2007-He1

Purchase Details

Closed on
Jun 8, 2006
Sold by
Fernandez Jose and Deniz Eva
Bought by
Deniz Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 16, 2004
Sold by
Castaneda Tomas
Bought by
Fernandez Jose and Deniz Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,100
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2001
Sold by
Hud
Bought by
Castaneda Tomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
6.63%

Purchase Details

Closed on
Feb 6, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Oct 16, 2000
Sold by
Benitez Cynthia M and Benitez Diana
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Jul 13, 2000
Sold by
Benitez Sandra Patricia
Bought by
Phelan Associates

Purchase Details

Closed on
May 29, 1998
Sold by
Benitez Cynthia Michelle and Benitez Diana
Bought by
Benitez Alejandro and Benitez Patricia

Purchase Details

Closed on
Apr 1, 1997
Sold by
Rivera Jose T and Rivera Felicitas
Bought by
Benitez Cynthia Michelle and Benitez Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,452
Interest Rate
7.91%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Morales Sergio -- Orange Coast Title Co Of Sc
Morales Sergio $365,000 Orange Coast Title Company
Nortey Abraham $335,000 Lsi Title Company
Deutsche Bank Trust Co Americas $474,300 Alliance Title Company
Deniz Jaime $540,000 Alliance Title
Fernandez Jose $358,000 Ticor Title Company
Castaneda Tomas $192,500 Benefit Land Title
Hud -- Fidelity National Title Ins
Chase Manhattan Mtg Corp $193,567 --
Reardon Associates -- --
Phelan Associates -- --
Benitez Alejandro -- --
Benitez Cynthia Michelle $165,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Sergio $339,845
Closed Morales Sergio $344,000
Closed Morales Sergio $348,570
Previous Owner Deniz Jaime $108,000
Previous Owner Deniz Jaime $432,000
Previous Owner Fernandez Jose $15,900
Previous Owner Fernandez Jose $356,150
Previous Owner Fernandez Jose $340,100
Previous Owner Castaneda Tomas $181,000
Previous Owner Castaneda Tomas $172,800
Previous Owner Benitez Cynthia Michelle $161,452
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2013 06/17/13 Sold $365,000 +4.3% $220 / Sq Ft
04/14/2013 04/14/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $350,000 -- $211 / 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 $6,690 $449,459 $270,907 $178,552
2024 $6,690 $440,647 $265,596 $175,051
2023 $6,521 $432,008 $260,389 $171,619
2022 $6,291 $423,538 $255,284 $168,254
2021 $6,063 $415,234 $250,279 $164,955
2020 $5,820 $410,977 $247,713 $163,264
2019 $6,207 $402,919 $242,856 $160,063
2018 $5,696 $395,020 $238,095 $156,925
2016 $5,314 $379,683 $228,850 $150,833
2015 $5,209 $373,981 $225,413 $148,568
2014 $5,094 $366,656 $220,998 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13063168

California Regional Multiple Listing Service (CRMLS)

APN: 6193-004-016