NOT LISTED FOR SALE

11300 Atlantic Ave Lynwood, CA 90262

Lynwood Area
15 Beds
15 Baths
10,299 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: November 25, 2015

Last sale price $1,400,000 $136 Per Sq Ft

44 Days on Market

About This Home

As of November 2015

Fifteen unit building rehabbed in 2010 as a Senior Housing Facility, designed for those 55 years and older. All one bedroom/one bath units. There is a recreation room, elevator and gated parking. $23,010/year subsidized by the City of Lynwood for the next 50 years. The total annual income is $153,991.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 08/19/2015

Michael Anthony Salerno

Last Buyer's Agent

Abbas Novin

License #00848164

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.36

Interior Spaces

  • 10,299 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Bathrooms

Parking

  • 10 Parking Spaces
  • Uncovered Parking

Additional Features

  • 15,835 Sq Ft Lot
  • Sewer in Street

Community Details

  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 6194-020-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10299
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 15.00
  • Price Per S Q F T: 145.16

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 10

Utilities

  • Electric Expense: 3377.00
  • Sewer: In Street
  • Water Expense: 3827.00

Fee Information

  • Elevator Expense: 2544.00
  • Gas Expense: 2800.00
  • Insurance Expense: 3854.00
  • Maintenance Expense: 13733.00
  • Other Expense: 3194.00
  • Trash Expense: 1980.00

Lot Info

  • Assessed Improvement Value: 614778
  • Assessed Land Value: 717241
  • Assessor Parcel Number: 6194-020-031
  • Geocode Override: No
  • Lot Size Area: 15835

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 15
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 24687.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 2018
Sold by
Bought by

Purchase Details

Listed on
Aug 19, 2015
Closed on
Sep 29, 2015
Sold by
Bought by
Seller's Agent
Michael Salerno
Michael Anthony Salerno
Buyer's Agent
Abbas Novin
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,306,366
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
5.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 9, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 1998
Sold by
Bought by

Purchase Details

Closed on
May 27, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lynwood, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Available
-- None Available
$1,400,000 None Available
-- None Available
-- None Available
-- --
$500,000 Landsafe Title
-- California Counties Title Co
-- Chicago Title Co
$775,000 Chicago Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,306,366
Previous Owner $813,000
Previous Owner $710,000
Previous Owner $408,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/25/2015 11/25/15 Sold $1,400,000 -6.4% $136 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $1,495,000 -- $145 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $29,019 $1,657,310 $887,845 $769,465
2024 $27,200 $1,624,815 $870,437 $754,378
2023 $26,987 $1,592,957 $853,370 $739,587
2022 $26,108 $1,561,724 $836,638 $725,086
2021 $25,201 $1,531,103 $820,234 $710,869
2019 $25,668 $1,485,691 $795,906 $689,785
2018 $23,796 $1,456,560 $780,300 $676,260
2016 $21,966 $1,379,350 $742,727 $636,623
2015 $20,681 $1,358,632 $731,571 $627,061
2014 $20,355 $1,332,019 $717,241 $614,778
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 15-934685

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.