NOT LISTED FOR SALE

11465 Copeland St Lynwood, CA 90262

Estimated Value: $884,000 - $998,000

3 Beds
2 Baths
2,422 Sq Ft
$394/Sq Ft Est. Value

Last Sold January 14, 2019

Last sale price $700,000 $289 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,267/month

10 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Accessible Parking
  • City Lights View
  • Laundry Room
  • Tile Flooring

About This Home

As of January 2019

GREAT INVESTMENT OPPORTUNITY : 2 single family residences on one lot, with spacious 3 bedrooms and 2 bath/each, and total income of almost $4000/month. It is an ideal "live-in one and rent-out the other" property, OR you can treat it as an income property duplex entirely. Property was built in 2003, so it's "like-new" with tile floors in living room, dining room, kitchen, bathrooms, and laminated wood floors in bedrooms. Huge lots provide tons of parking, and each unit has its own yard ..excellent for family gathering or BBQ. Current long-term excellent tenants and tenants pays all utilities with separate meters. Conveniently located near great schools, shopping centers, excellent dining areas and freeways… IT’S A MUST SEE!

Last Agent to Sell the Property

John Nguyen

One Stop Realty and Financial License #01408888 Listed on: 10/28/2018

Last Buyer's Agent

Maria Leon

Excellence RE Real Estate License #01447706

Excellence RE Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,992

Year Built

  • Built in 2003

Lot Details

  • 9,000 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back and Front Yard

Home Design

  • Turnkey
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,422 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • City Lights Views

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 485
  • Tax Tract Number 2551
  • Assessor Parcel Number 6173005043

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $8,400
  • Operating Expense $9,600
  • Gross Income $36,920
  • Net Operating Income $36,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,992

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LYR3*
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6173005043
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 289.02
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Foundation: Slab
  • View: City Lights
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 9000.00
  • Lot Size Acres: 0.2066

Multi Family

  • Gross Income: 36920.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 9000.0000 Square Feet
  • Net Operating Income: 36920.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8680.00
  • Rent Control: No
  • Total Expenses: 9600.00

Tax Info

  • New Taxes Expense: 8400.00
  • Tax Census Tract: 5402.03
  • Tax Lot: 485
  • Tax Tract Number: 2551

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2018
Closed on
Dec 7, 2018
Sold by
Sanchez Lucila Martinez
Bought by
Ribas Gabriel
Seller's Agent
John Nguyen
One Stop Realty and Financial
Buyer's Agent
Maria Leon
Excellence RE Real Estate
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Current Estimated Value
$977,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,437
Avg. Annual Appreciation
4.83%
Original Mortgage
$638,226
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2006
Sold by
Nguyen Bach Yen Thi and Tran Cang C
Bought by
Le Timmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2006
Sold by
Duong Anh Thu Thi
Bought by
Tran Cang C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
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
Ribas Gabriel -- First American Title Company
Rivas Gabriel $700,000 First American Title Company
Le Timmy $640,000 Old Republic Title Company
Tran Cang C -- Old Republic Title Co O C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Gabriel $632,000
Closed Rivas Gabriel $636,446
Closed Rivas Gabriel $638,226
Previous Owner Le Timmy $448,000
Previous Owner Tran Cang C $496,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2019 01/14/19 Sold $700,000 +0.1% $289 / Sq Ft
10/28/2018 10/28/18 For Sale $699,000 -- $289 / 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 $10,992 $780,859 $334,654 $446,205
2024 $10,992 $765,549 $328,093 $437,456
2023 $10,913 $750,539 $321,660 $428,879
2022 $10,521 $735,823 $315,353 $420,470
2021 $10,131 $721,396 $309,170 $412,226
2020 $9,710 $714,000 $306,000 $408,000
2019 $9,624 $644,000 $300,000 $344,000
2018 $8,962 $644,000 $300,000 $344,000
2016 $6,687 $486,000 $206,800 $279,200
2015 $6,073 $440,000 $187,200 $252,800
2014 $6,414 $470,000 $200,000 $270,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18260718

California Regional Multiple Listing Service (CRMLS)

APN: 6173-005-043