NOT LISTED FOR SALE
13 Beds
10 Baths
7,461 Sq Ft
9,345 Sq Ft Lot

Sale Details

Date Sold: September 25, 2013

Last sale price $1,100,000 $147 Per Sq Ft

45 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Carpet
  • Contemporary Architecture
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2013

Clean, professionally managed with a good mix of units. Situated in area of Hawthorne with talk of upgrading the mall and the hospital site to townhomes. Convenient to LAX, 405 and 105. DRIVE BY ONLY

Last Agent to Sell the Property

Lynn Testa

Estate Properties License #00561237 Listed on: 05/21/2013

Last Buyer's Agent

Abu Majumder

Abu Majumder, Broker License #01275191

Abu Majumder, Broker
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 9,345 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in average condition
  • Density is 6-10 Units/Acre

Parking

  • 10 Car Garage
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 7,461 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 15
  • Assessor Parcel Number 4044022022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $684
  • Insurance Expense $860
  • Maintenance Expense $11,600
  • Professional Management Expense $7,000
  • Trash Expense $1,560
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,625
  • Gross Income $9,410
  • Net Operating Income $71,720

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

9,345 Sq Ft Lot

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Improvements Percent: 53.00
  • Professional Management Expense: 7000.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Contemporary
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Parcel Number: 4044022022
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 147.43

Exterior Features

  • Foundation: Raised
  • Fencing: Average Condition, Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 1560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Storm Drains

Lot Info

  • Land Value Percent: 41.00
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9345.00
  • Lot Size Acres: 0.2150

Multi Family

  • Electric Expense: 684.00
  • Gross Income: 9410.00
  • Gross Multiplier: 11.10
  • Gross Scheduled Income: 112920.00
  • Insurance Expense: 860.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9345.0000 Square Feet
  • Maintenance Expense: 11600.00
  • Net Operating Income: 71720.00
  • Number Of Rented Garages: 10
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Carpet: 10
  • Number With Disposal: 10
  • Number With Range: 10
  • Operating Expense: 41200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Lot: 15
  • Tax Tract Number: 15
  • Tax Year: 2012

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
Feb 28, 2020
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
$1,000,000
Outstanding Balance
$864,403
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
May 21, 2013
Closed on
Aug 15, 2013
Sold by
Bought by
Seller's Agent
Lynn Testa
Estate Properties
Buyer's Agent
Abu Majumder
Abu Majumder, Broker
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2006
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
$750,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2005
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
$770,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2005
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
$770,000
Interest Rate
5.7%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hawthorne, CA

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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
-- Chicago Title Company
$1,100,000 Progressive
-- None Available
$1,280,000 First American Title Ins Co
$1,030,000 First American Title Ins Co
-- First American Title Ins 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
Open $1,000,000
Previous Owner $550,000
Previous Owner $750,000
Previous Owner $770,000
Previous Owner $350,000
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
09/25/2013 09/25/13 Sold $1,100,000 -12.0% $147 / Sq Ft
07/05/2013 07/05/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $1,250,000 -- $168 / 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 $19,513 $1,348,440 $735,512 $612,928
2024 $18,530 $1,322,001 $721,091 $600,910
2023 $31,043 $2,407,196 $1,156,295 $1,250,901
2022 $31,487 $2,359,997 $1,133,623 $1,226,374
2021 $31,070 $2,313,724 $1,111,396 $1,202,328
2020 $17,826 $1,232,980 $672,534 $560,446
2019 $17,278 $1,208,805 $659,348 $549,457
2018 $16,610 $1,185,104 $646,420 $538,684
2016 $15,781 $1,139,087 $621,320 $517,767
2015 $15,435 $1,121,978 $611,988 $509,990
2014 -- $1,100,000 $600,000 $500,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV13094909

California Regional Multiple Listing Service (CRMLS)
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