NOT LISTED FOR SALE

11438 Spruce St Lynwood, CA 90262

Estimated Value: $902,000 - $1,085,000

6 Beds
4 Baths
2,868 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $693,000 $242 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,306/month

81 Days on Market

About This Home

As of October 2019

BACK ON THE MARKET. !!GREAT OPPORTUNITY in the City of Lynwood!! Two unit property each with their own driveway and separate entrances. The front unit counts with 4 good sized bedrooms and 2 baths and a private yard in the front. The second unit has an attached one car garage along with a private fenced yard. Great to live in one and rent the other. NEW KITCHENS IN BOTH UNITS! HURRY BEFORE ITS GONE!

Last Agent to Sell the Property

Bertha Tapia-Jaramillo

Dynasty Real Estate License #01956975 Listed on: 05/06/2019

Dynasty Real Estate

Last Buyer's Agent

Josue Ramon

Excellence Premier Real Estate License #01768120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,636

Year Built

  • Built in 1927

Lot Details

  • 9,003 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,868 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 1226
  • Tax Tract Number 3335
  • Assessor Parcel Number 6173025031

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $1,800
  • Water Sewer Expense $1
  • New Taxes Expense $8,430
  • Operating Expense $10,980
  • Gross Income $46,200
  • Net Operating Income $46,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,636

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Zoning: LYR2*
  • Property Type: Residential Income
  • Parcel Number: 6173025031
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 241.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9003.00
  • Lot Size Acres: 0.2067

Multi Family

  • Gross Income: 46200.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 750.00
  • Lot Size Area: 9003.0000 Square Feet
  • Net Operating Income: 46200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 10980.00

Tax Info

  • New Taxes Expense: 8430.00
  • Tax Census Tract: 5402.03
  • Tax Lot: 1226
  • Tax Tract Number: 3335

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2019
Sold by
Gonzalez Luis
Bought by
Meza Ignacio
Current Estimated Value
$994,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,750
Interest Rate
3.4%

Purchase Details

Closed on
Mar 21, 2006
Sold by
Gonzalez Rafael
Bought by
Gonzalez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7%
Mortgage Type
Balloon

Purchase Details

Closed on
May 21, 2003
Sold by
Franco Reynaldo A and Rodas Rossana E
Bought by
Gonzalez Rafael

Purchase Details

Closed on
Mar 16, 2001
Sold by
Federal National Mortgage Association
Bought by
Franco Reynaldo A and Rodas Rossana E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,943
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2000
Sold by
Juarez Chris
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 9, 1999
Sold by
Gayosso Jesus
Bought by
Juarez Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.87%

Purchase Details

Closed on
May 3, 1994
Sold by
Emc Mtg Corp
Bought by
Gayosso Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,100
Interest Rate
8.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 1, 1993
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg 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
Meza Ignacio $693,000 Ticor Title Company
Gonzalez Luis $515,000 Commonwealth
Gonzalez Rafael -- Orange Coast Title Company
Franco Reynaldo A $165,500 American Title Co
Federal National Mortgage Association $180,095 Landsafe Title
Countrywide Home Loans Inc $180,095 Landsafe Title
Juarez Chris $270,000 United Title Company
Gayosso Jesus $114,500 Fidelity National Title Ins
Emc Mtg Corp $62,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meza Ignacio $532,000
Previous Owner Meza Ignacio $519,750
Previous Owner Gonzalez Luis $412,000
Previous Owner Gonzalez Rafael $320,000
Previous Owner Franco Reynaldo A $162,943
Previous Owner Juarez Chris $208,000
Previous Owner Gayosso Jesus $151,200
Previous Owner Gayosso Jesus $57,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $693,000 +0.4% $242 / Sq Ft
09/27/2019 09/27/19 Price Changed $689,900 +2.2% $241 / Sq Ft
09/08/2019 09/08/19 For Sale $675,000 -2.6% $235 / Sq Ft
07/29/2019 07/29/19 Off Market $693,000 -- --
07/26/2019 07/26/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $675,000 -2.6% $235 / Sq Ft
06/04/2019 06/04/19 Off Market $693,000 -- --
05/06/2019 05/06/19 For Sale $675,000 -- $235 / 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 $10,636 $757,894 $328,093 $429,801
2024 $10,636 $743,034 $321,660 $421,374
2023 $10,558 $728,465 $315,353 $413,112
2022 $10,178 $714,182 $309,170 $405,012
2021 $9,800 $700,179 $303,108 $397,071
2020 $9,481 $693,000 $300,000 $393,000
2019 $9,477 $630,900 $251,134 $379,766
2018 $8,636 $614,000 $300,000 $314,000
2016 $6,791 $490,000 $208,000 $282,000
2015 $6,251 $450,000 $191,000 $259,000
2014 $5,899 $424,000 $180,000 $244,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19104913

California Regional Multiple Listing Service (CRMLS)

APN: 6173-025-031