NOT LISTED FOR SALE

11523 Menlo Ave Hawthorne, CA 90250

11 Beds
9 Baths
5,484 Sq Ft
6,970 Sq Ft Lot

Last Sold May 31, 2012

Last sale price $585,000 $107 Per Sq Ft

146 Days on Market

About This Home

As of May 2012

Great investment opportunity in a dense rental area of Hawthorne. A 5-unit building, good mix and upside potential. Property is 100% occupied. NO RENT CONTROL. Laundry area is on site. Long term tenants.

Last Agent to Sell the Property

Ganchana Denholm

Keller Williams Realty License #01763610 Listed on: 12/30/2011

Last Buyer's Agent

Alya Lucas

Realty Works, Inc. License #01721029

Realty Works, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,955

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 5,484 Sq Ft Home
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Additional Features

  • Laundry Room
  • 6,955 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 226
  • Assessor Parcel Number 4047005021

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $435
  • Gardener Expense $840
  • Insurance Expense $1,587
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Trash Expense $1,523
  • Water Sewer Expense $3,032
  • New Taxes Expense $7,875
  • Gross Income $5,265
  • Net Operating Income $41,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,955 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 6.95
  • Improvements Percent: 61.17
  • Water Sewer Expenses: 3032.00
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 4047005021
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 106.67

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 1523.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6955.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 690
  • Average2 Bed Area: 1050
  • Average3 Bed Area: 1300
  • Electric Expense: 435.00
  • Gross Income: 5265.00
  • Gross Multiplier: 9.48
  • Gross Scheduled Income: 63180.00
  • Insurance Expense: 1587.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6955.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 41610.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 20674.00
  • Operating Expense Percent: 34.00
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 5265.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7875.00
  • Tax Area: 4-260
  • Tax Lot: 226
  • Tax Year: 2011
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2012 05/31/12 Sold $585,000 -2.3% $107 / Sq Ft
05/24/2012 05/24/12 Pending -- -- --
12/30/2011 12/30/11 For Sale $599,000 -- $109 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,314 $1,063,629 $480,737 $582,892
2024 $14,314 $1,042,774 $471,311 $571,463
2023 $13,813 $1,022,328 $462,070 $560,258
2022 $13,998 $1,002,283 $453,010 $549,273
2021 $13,804 $982,631 $444,128 $538,503
2019 $13,340 $953,488 $430,956 $522,532
2018 $12,820 $934,793 $422,506 $512,287
2016 $12,176 $898,496 $406,100 $492,396
2015 $11,911 $885,000 $400,000 $485,000
2014 $8,617 $599,408 $307,389 $292,019
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12000102

California Regional Multiple Listing Service (CRMLS)
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