NOT LISTED FOR SALE

1203 W 144th St Unit 4 Gardena, CA 90247

Estimated Value: $1,127,000 - $1,406,000

6 Beds
4 Baths
3,290 Sq Ft
$380/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $625,000 $190 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $7,747/month

12 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4 Attached Carport Spaces

About This Home

As of October 2016

Turnstone Capital is pleased to present an exceptional value add opportunity in Gardena. Side by side 4 unit properties totaling 3,290 sq ft each, situated on 6,495 sq ft lots. Four carport parking spaces on each lot. Both properties are zoned GAR3 and are NOT subject to rent control. Huge upside potential in rents. One unit delivered vacant at the close of escrow. Significant deferred maintenance for each property. City of Gardena has issued a violation notice for unpermitted work and required repairs. Buildings are separately metered for electric and gas - owner pays water and trash. Neither property will qualify FHA.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 08/19/2016

Last Buyer's Agent

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 08/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,273

Year Built

  • Built in 1958

Lot Details

  • 6,495 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,290 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Shared Driveway

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 18676
  • Assessor Parcel Number 6114034001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,875
  • Maintenance Expense $2,400
  • Pest Control $500
  • Professional Management Expense $3,294
  • Trash Expense $901
  • Water Sewer Expense $296
  • New Taxes Expense $7,306
  • Gross Income $5,490
  • Net Operating Income $42,614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,273

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.08
  • Professional Management Expense: 3294.00
  • Property Attached: Yes
  • Water Sewer Expenses: 296.00
  • Zoning: GAR3
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6114034001
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 189.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Shared Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 500.00
  • Trash Expense: 901.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 6495.00
  • Price Per Lot Square Foot: 100.08

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5490.00
  • Gross Scheduled Income: 65880.00
  • Insurance Expense: 2875.00
  • Maintenance Expense: 2400.00
  • Net Operating Income: 42614.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19972.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7306.00
  • Tax Lot: 1
  • Tax Tract Number: 18676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Marigold Holdings Llc
Bought by
Fsb Properties 1203 144Th St Llc
Current Estimated Value
$1,250,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Outstanding Balance
$688,810
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$561,651

Purchase Details

Closed on
Apr 13, 2017
Sold by
Urban Street Properties Inc
Bought by
Marigold Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,530,500
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 19, 2016
Closed on
Sep 13, 2016
Sold by
Alvarado Gloria and Estate Of Rollie Alvarado Jr
Bought by
Urban Street Properties Inc
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Fsb Properties 1203 144Th St Llc $1,100,000 California Best Title Company
Marigold Holdings Llc -- Chicago Title Company
Urban Street Properties Inc $1,250,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fsb Properties 1203 144Th St Llc $728,000
Previous Owner Marigold Holdings Llc $2,530,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2016 10/12/16 Sold $625,000 -3.8% $190 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/19/2016 08/19/16 Price Changed $650,000 +4.0% $198 / Sq Ft
08/19/2016 08/19/16 For Sale $625,000 -- $190 / 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 $14,273 $1,144,440 $728,280 $416,160
2024 $14,273 $1,122,000 $714,000 $408,000
2023 $14,018 $1,100,000 $700,000 $400,000
2022 $8,787 $683,525 $311,688 $371,837
2021 $8,692 $670,124 $305,577 $364,547
2019 $8,416 $650,250 $296,514 $353,736
2018 $8,253 $637,500 $290,700 $346,800
2016 $5,177 $382,407 $205,687 $176,720
2015 $5,090 $376,664 $202,598 $174,066
2014 $5,101 $369,287 $198,630 $170,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16183433

California Regional Multiple Listing Service (CRMLS)

APN: 6114-034-001