NOT LISTED FOR SALE

11523 Menlo Ave Hawthorne, CA 90250

11 Beds
9 Baths
5,484 Sq Ft
6,955 Sq Ft Lot Lot

Sale Details

Date 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 in unit
  • 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

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
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

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 $15,040 $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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