NOT LISTED FOR SALE

11962 Manor Dr Hawthorne, CA 90250

Estimated Value: $1,473,000 - $2,300,000

9 Beds
4 Baths
3,084 Sq Ft
$596/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $1,550,000 $503 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,734/month

23 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 4 Detached Carport Spaces
  • Heating Available
  • Laundry Room
  • Level Lot

About This Home

As of August 2020

Check out this fully renovated and vacant quadruplex perfect for an investor or for an owner-user! This property provides a great investment opportunity with a potential 6% cap rate and 12.16 GRM. You could also live in one unit and rent out the other three units. This two-level building is beautifully remodeled with permits and is like new from top to bottom, including a brand new roof, windows, plumbing, HVAC, and electrical systems. There are two 3-bedroom units, one 2-bedroom unit, and a one-bedroom unit. Each of the units are roomy and spacious with interior laundry, mini-split AC systems, and their own parking spot in the detached carport. The sunny and bright kitchens are elegantly remodeled with quartz counter tops, flat-panel cabinets, and sparkling stainless steel appliances. Don’t miss the renovated bathrooms with modern finishes, floating vanities, ceiling fans, mirrored closet doors, recessed lighting, and lovely laminate floors. This is your opportunity to own an investment property that can obtain premium rents minutes away from the beach in the city of Hawthorne, which is also the home of Tesla. The price and terms for this building can’t be beat!

Last Agent to Sell the Property

Danielle Whitney Moore

Keller Williams Realty License #01715547 Listed on: 06/20/2020

Keller Williams Realty

Co-Listed By

Lauren Yi

Keller Williams Realty License #02100328

Last Buyer's Agent

Sean Nishio

Project Seven Enterprises License #01097525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,906

Year Built

  • Built in 1957

Lot Details

  • 5,852 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,084 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Overhead Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 9 / T
  • Assessor Parcel Number 4044020015

Community Details

Overview

  • 4 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,388
  • Maintenance Expense $1,000
  • Other Expense $2,800
  • Pest Control $400
  • Professional Management Expense $4,918
  • New Taxes Expense $17,940
  • Operating Expense $29,046
  • Gross Income $122,940
  • Net Operating Income $90,206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,906

Year Built

Built in 1957

Lot Details

0

Listing Details

  • CapRate: 6.03
  • Price Per Unit: 373750
  • Professional Management Expense: 4918.00
  • Property Attached: Yes
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4044020015
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 502.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 400.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Utilities - Overhead
  • Lot Size Sq Ft: 5852.00
  • Lot Size Acres: 0.1343

Multi Family

  • Gross Income: 122940.00
  • Gross Multiplier: 12.16
  • Gross Operating Income: 119252.00
  • Gross Scheduled Income: 122940.00
  • Insurance Expense: 1388.00
  • Lot Size Area: 5852.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 90206.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Operating Expense: 29046.00
  • Other Expense: 2800.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 1895.00
  • Total Expenses: 29046.00
  • Vacancy Allowance: 3688
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17940.00
  • Tax Block: T
  • Tax Census Tract: 6021.03
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2020
Closed on
Jul 15, 2020
Sold by
Insta Properties Llc
Bought by
Miq Co Ltd
Seller's Agent
Danielle Whitney Moore
Keller Williams Realty
Buyer's Agent
Sean Nishio
Project Seven Enterprises
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Current Estimated Value
$1,837,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,493
Avg. Annual Appreciation
3.36%

Purchase Details

Listed on
Jun 22, 2019
Closed on
Jul 11, 2019
Sold by
Brito Stephanie N Weber and Brito 1984 Living Trust
Bought by
Insta Properties Llc
Seller's Agent
Roberta Roberts
Roberta Ruth Roberts,Realtor
Buyer's Agent
Evan Jay
Estate Properties
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.20%
Original Mortgage
$600,000
Interest Rate
3.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Miq Co Ltd $1,550,000 Old Republic Title
Insta Properties Llc $750,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Insta Properties Llc $600,000
Closed Miq Co Ltd $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $1,550,000 +3.7% $503 / Sq Ft
06/20/2020 06/20/20 For Sale $1,495,000 +99.3% $485 / Sq Ft
07/15/2019 07/15/19 Sold $750,000 -6.1% $243 / Sq Ft
07/11/2019 07/11/19 For Sale $799,000 0.0% $259 / Sq Ft
06/29/2019 06/29/19 Pending -- -- --
06/22/2019 06/22/19 For Sale $799,000 -- $259 / 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 $20,906 $1,677,769 $595,337 $1,082,432
2024 $20,906 $1,644,872 $583,664 $1,061,208
2023 $20,124 $1,612,620 $572,220 $1,040,400
2022 $20,429 $1,581,000 $561,000 $1,020,000
2021 $20,153 $1,550,000 $550,000 $1,000,000
2020 $10,336 $750,000 $400,000 $350,000
2019 $2,857 $152,178 $61,073 $91,105
2018 $2,658 $149,195 $59,876 $89,319
2016 $2,514 $143,402 $57,551 $85,851
2015 $2,462 $141,249 $56,687 $84,562
2014 $2,471 $138,483 $55,577 $82,906
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20119579

California Regional Multiple Listing Service (CRMLS)

APN: 4044-020-015