NOT LISTED FOR SALE

11185 Carson Dr Lynwood, CA 90262

Estimated Value: $987,000 - $1,140,000

8 Beds
4 Baths
3,240 Sq Ft
$335/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $930,000 $287 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,098/month

5 Days on Market

About This Home

As of June 2021

Great investment property located in city of Lynwood. Total 4 units each units come with 2 bedroom and 1 bathroom with approximately 810sqft per unit & total approximately 3240 sqft. Spacious living room, dinning area, kitchen with cabinetry. Open Floor Plan. Each unit has one detached garage & one parking behind the garage. Great curbside appeal. Close to Park, Superior Grocers, shopping center, Catholic Church, Medical Center, Bank, school, restaurants, and public transportation.

Last Agent to Sell the Property

Jonathan Lin

RE/MAX 2000 REALTY License #01299001 Listed on: 04/19/2021

Last Buyer's Agent

Jonathan Lin

RE/MAX 2000 REALTY License #01299001 Listed on: 04/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,188

Year Built

  • Built in 1960

Lot Details

  • 6,308 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,240 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 68
  • Tax Tract Number 5402
  • Assessor Parcel Number 6173020019

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $264
  • Insurance Expense $1,303
  • Trash Expense $2,931
  • Water Sewer Expense $5,905
  • Operating Expense $10,404
  • Gross Income $67,200
  • Net Operating Income $57,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,188

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5905.30
  • Zoning: LYR3YY
  • Property Type: Residential Income
  • Parcel Number: 6173020019
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 287.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2931.40
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6308.00
  • Lot Size Acres: 0.1448

Multi Family

  • Electric Expense: 264.00
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1303.00
  • Lot Size Area: 6308.0000 Square Feet
  • Net Operating Income: 57096.30
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10403.00
  • Rent Control: Yes
  • Total Expenses: 10403.70

Tax Info

  • Tax Census Tract: 5402.03
  • Tax Lot: 68
  • Tax Tract Number: 5402

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Apr 27, 2021
Sold by
Kung Andy
Bought by
Lee Iris Ching and Lee Kit Edward
Seller's Agent
Jonathan Lin
RE/MAX 2000 REALTY
Buyer's Agent
Jonathan Lin
RE/MAX 2000 REALTY
List Price
$915,000
Sold Price
$930,000
Premium/Discount to List
$15,000
1.64%
Current Estimated Value
$1,085,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,809
Avg. Annual Appreciation
3.82%
Original Mortgage
$630,000
Outstanding Balance
$570,386
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$518,729

Purchase Details

Closed on
Aug 8, 2016
Sold by
Kung Andy
Bought by
Kung Andy and Andy Kung Trust

Purchase Details

Closed on
Feb 26, 2016
Sold by
Kung Andy
Bought by
Kung Andy and Bonilla Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2015
Sold by
Kung Andy
Bought by
Kung Andy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2011
Sold by
Kung Andy
Bought by
Kung Andy and Bonilla Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2011
Sold by
Claxton Sheryl
Bought by
Kung Andy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
11185 Carson Dr Trust
Bought by
Conservative Financial Inc

Purchase Details

Closed on
Oct 7, 2009
Sold by
11185 Llc
Bought by
Claxton Sheryl and 11185 Carson Drive Trust

Purchase Details

Closed on
Jan 8, 2009
Sold by
Finnie Patricia
Bought by
11185 Llc

Purchase Details

Closed on
Aug 23, 2006
Sold by
11185 Llc
Bought by
Finnie Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
9.19%
Mortgage Type
Balloon

Purchase Details

Closed on
May 12, 2005
Sold by
Finnie Patricia
Bought by
11185 Llc

Purchase Details

Closed on
Aug 24, 1999
Sold by
Residential Funding Corp
Bought by
Finnie Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
10.99%

Purchase Details

Closed on
Jul 7, 1998
Sold by
Rose Kenneth R
Bought by
Residential Funding Corp
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
Lee Iris Ching $930,000 California Best Title
Kung Andy -- None Available
Kung Andy -- None Available
Kung Andy -- Western Resources Title Co
Bonilla Ramon -- Western Resources Title Co
Kung Andy -- None Available
Kung Andy -- Pacific Coast Title
Conservative Financial Inc -- None Available
Claxton Sheryl -- None Available
11185 Llc -- None Available
Finnie Patricia -- Southland Title
11185 Llc -- --
Finnie Patricia $196,000 Fidelity Title
Residential Funding Corp $240,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Iris Ching $630,000
Previous Owner Kung Andy $363,000
Previous Owner Kung Andy $337,500
Previous Owner Finnie Patricia $588,000
Previous Owner Finnie Patricia $301,750
Previous Owner Finnie Patricia $112,043
Previous Owner Finnie Patricia $48,000
Previous Owner Finnie Patricia $156,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2021 06/10/21 Sold $930,000 0.0% $287 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/23/2021 04/23/21 Off Market $930,000 -- --
04/19/2021 04/19/21 For Sale $915,000 -- $282 / 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 $14,188 $1,006,661 $541,216 $465,445
2024 $14,188 $986,923 $530,604 $456,319
2023 $14,084 $967,572 $520,200 $447,372
2022 $13,576 $948,600 $510,000 $438,600
2021 $7,993 $535,341 $255,062 $280,279
2020 $7,679 $529,853 $252,447 $277,406
2019 $8,174 $519,465 $247,498 $271,967
2018 $7,511 $509,281 $242,646 $266,635
2016 $6,964 $487,015 $216,451 $270,564
2015 $6,825 $479,700 $213,200 $266,500
2014 $6,683 $470,304 $209,024 $261,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21082235

California Regional Multiple Listing Service (CRMLS)

APN: 6173-020-019