NOT LISTED FOR SALE

12009 Cedar Ave Hawthorne, CA 90250

Estimated Value: $900,970 - $1,176,000

4 Beds
2 Baths
2,052 Sq Ft
$508/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $692,000 $337 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,235/month

13 Days on Market

About This Home

As of March 2018

Completely renovated Duplex in Hawthorne, CA. The property currently is performing at a 3.91% cap rate and has room to grow to a 4.14% cap. The property can either be delivered with the current tenants in place or with a vacant unit at the buyers request. New balcony in front unit, as well as new driveway, side walkways, and front gate. Brand new kitchens, appliances, floors, and bathrooms. The back unit has been fully remodeled, including stainless steel appliances, washer and dryer, wood laminate floors, new full bathroom, and new quartz countertops. Backyard is full of new planters, plants, and furniture.

Highlighting the future of Hawthorne, the proposal of the $500-million redevelopment of the Hawthorne Plaza Shopping Center have been released, stating the development will include over 600 housing units, offices and 500,000 square feet of commercial space, to go along with many other amenities. With easy access to freeways and just down the street from Space X, Tesla, Amazon, and the growing tech scene in El Segundo, this property provides a great opportunity to own an investment in a city that has seen a lot of appreciation in recent years. Other nearby eateries, bars, shops, and entertainment facilities include - LA Aleworks, Eureka Tasting Kitchen, Ralphs, Starbucks, and new LA Rams Stadium.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/26/2018

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Alicia Newport

Douglas Elliman of California, Inc License #01998737

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 3,188 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,052 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 82
  • Tax Tract Number 6021
  • Assessor Parcel Number 4046003013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $718
  • Maintenance Expense $1,247
  • New Taxes Expense $8,688
  • Operating Expense $13,153
  • Gross Income $41,568
  • Net Operating Income $27,168

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.91
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4046003013
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 337.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3188.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 41568.00
  • Gross Scheduled Income: 41568.00
  • Insurance Expense: 718.00
  • Maintenance Expense: 1247.00
  • Net Operating Income: 27168.00
  • 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: 13153.00
  • Rent Control: No
  • Total Expenses: 13153.00

Tax Info

  • New Taxes Expense: 8688.00
  • Tax Area: 4260
  • Tax Lot: 82
  • Tax Tract Number: 6021.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 16, 2018
Sold by
Dh Cedar Properties Llc
Bought by
Torroledo Johan and Sweigart Stephanie
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Alicia Newport
Douglas Elliman of California, Inc
List Price
$695,000
Sold Price
$692,000
Premium/Discount to List
-$3,000
-0.43%
Current Estimated Value
$1,042,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,493
Avg. Annual Appreciation
5.32%
Original Mortgage
$553,600
Outstanding Balance
$473,357
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$569,136

Purchase Details

Closed on
Jul 28, 2017
Sold by
Holmes Daniel
Bought by
Dh Cedar Porperties Llc

Purchase Details

Listed on
May 17, 2016
Closed on
Jul 6, 2016
Sold by
Pamer Gabor
Bought by
Holmes Daniel
Seller's Agent
Ella Zakaryan
Coldwell Banker Realty
Buyer's Agent
kyle thor
Nationwide Real Estate Execs
List Price
$56,000
Sold Price
$560,000
Premium/Discount to List
$504,000
900%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$448,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2013
Closed on
Jun 25, 2013
Sold by
Shehata Mena
Bought by
Pamer Gabor
Seller's Agent
Afshin Eskandari
West Shores Realty, Inc.
Buyer's Agent
Ella Zakaryan
Coldwell Banker Realty
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%
Original Mortgage
$324,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2013
Closed on
Jun 21, 2013
Sold by
Ujj Felicia
Bought by
Pamer Gabor
Seller's Agent
Afshin Eskandari
West Shores Realty, Inc.
Buyer's Agent
Ella Zakaryan
Coldwell Banker Realty
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2011
Closed on
Feb 13, 2012
Sold by
Bac Home Loans Servicing Lp
Bought by
Shehata Mena
Seller's Agent
Thomas Applegate
Re/Max R. E. Specialists
Buyer's Agent
Gabrielle Herendeen
Estate Properties
List Price
$264,900
Sold Price
$264,000
Premium/Discount to List
-$900
-0.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.62%
Original Mortgage
$211,200
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2011
Sold by
Decorral Eva Q
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Dec 8, 2005
Sold by
Corral Eva Q
Bought by
Decorral Eva Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 22, 2004
Sold by
Ayala Luis A
Bought by
Corral Eva Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2004
Sold by
Diaz Eduardo and Diaz Olga
Bought by
Ayala Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2000
Sold by
Briceno Maria Guillermina
Bought by
Diaz Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,179
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 1994
Sold by
Briceno William
Bought by
Briceno Maria Guillermina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,600
Interest Rate
5.99%

Purchase Details

Closed on
Jan 4, 1994
Sold by
Moore Betty Lou
Bought by
Briceno Maria Guillermina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,600
Interest Rate
5.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Torroledo Johan $692,000 Progressive Title Company
Dh Cedar Porperties Llc -- Provident Title Co
Holmes Daniel $560,000 Chicago Title
Pamer Gabor $405,000 Title 365
Pamer Gabor -- Title 365
Shehata Mena $264,000 Lsi Title Company Inc
Bac Home Loans Servicing Lp $294,750 None Available
Decorral Eva Q -- New Century Title Company
Corral Eva Q $460,000 Southland Title
Ayala Luis A $375,000 Southland Title
Diaz Eduardo $161,500 Stewart Title
Briceno Maria Guillermina -- Stewart Title
Briceno Maria Guillermina -- First American Title Co
Briceno Maria Guillermina $152,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torroledo Johan $553,600
Previous Owner Holmes Daniel $448,000
Previous Owner Pamer Gabor $324,000
Previous Owner Shehata Mena $211,200
Previous Owner Decorral Eva Q $484,000
Previous Owner Corral Eva Q $368,000
Previous Owner Ayala Luis A $300,000
Previous Owner Diaz Eduardo $160,179
Previous Owner Briceno Maria Guillermina $136,600
Closed Ayala Luis A $75,000
Closed Corral Eva Q $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2018 03/29/18 Sold $692,000 -0.4% $337 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $695,000 +24.1% $339 / Sq Ft
08/20/2016 08/20/16 Sold $560,000 +900.0% $273 / Sq Ft View Prior Sale
06/01/2016 06/01/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $56,000 -86.2% $27 / Sq Ft
07/01/2013 07/01/13 Sold $405,000 +2.5% $197 / Sq Ft View Prior Sale
07/01/2013 07/01/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $395,000 +49.6% $192 / Sq Ft
02/29/2012 02/29/12 Sold $264,000 -0.3% $129 / Sq Ft View Prior Sale
01/10/2012 01/10/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $264,900 -- $129 / 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 $9,857 $787,374 $341,347 $446,027
2024 $9,857 $771,936 $334,654 $437,282
2023 $9,491 $756,801 $328,093 $428,708
2022 $9,634 $741,962 $321,660 $420,302
2021 $9,495 $727,414 $315,353 $412,061
2020 $9,468 $719,956 $312,120 $407,836
2019 $9,157 $705,840 $306,000 $399,840
2018 $7,367 $571,200 $244,800 $326,400
2016 $5,464 $419,389 $207,106 $212,283
2015 $5,341 $413,091 $203,996 $209,095
2014 $5,318 $405,000 $200,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18018714

California Regional Multiple Listing Service (CRMLS)

APN: 4046-003-013

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