NOT LISTED FOR SALE
11 Beds
9 Baths
5,495 Sq Ft
5,960 Sq Ft Lot

Sale Details

Date Sold: December 7, 2022

Last sale price $1,350,000 $246 Per Sq Ft

15 Days on Market

Highlights

  • Fireplace in Bathroom
  • 5 Attached Carport Spaces
  • West Facing Home
  • Balcony

About This Home

As of December 2022

5 Huge units in Hawthorne, home of Spacex corporate office. There is 44% rent upside at Pro-forma. The units are bright and well laid out with an excellent mix consisting of (2) 3BR/ 1.75 BA units, (2) 2BR/1.75 BA units, and (1) 1BR/1BA unit. One of the 3BR/1. 75 BA units will be delivered vacant. There is parking for 7 cars which includes 2 tandem spaces. The building has separate meters for electric and gas and has been professionally managed for years. This is the perfect "value-add" play for an investor to generate increased real cash flow in the short term.

Last Agent to Sell the Property

Keith Moret

Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 10/03/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Keith Moret

Keller Williams Beach Cities License #01802527

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,960 Sq Ft Lot
  • West Facing Home

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 5,495 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Bonus Room with Fireplace
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms
  • Fireplace in Bathroom

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces

Outdoor Features

  • Balcony

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 4041-003-060

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $4,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

5,960 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 5495
  • Lot Acreage: 0.1368
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Dining, Bath, Bonus Room, Living Room
  • Bedrooms: 11
  • Total Bathrooms: 9.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 272.98

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony, Partial Copper Plumbing
  • Other Structures: None

Garage/Parking

  • Carport Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Carport Attached
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Water: District, Meter on Property

Lot Info

  • Assessed Improvement Percent: 58.82
  • Assessed Improvement Value: 566252
  • Assessed Land Percent: 41.18
  • Assessed Land Value: 396375
  • Total Assessed Value: 962627
  • Assessor Parcel Number: 4041-003-060
  • Lot Size Area: 5960

Rental Info

  • Total Actual Rent: 106260.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.12
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Residential
  • Vacancy Allow: 4250
  • Vacancy Allow Percent: 4.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hawthorne, CA

See All Agents

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
$1,350,000 Fidelity National Title
12236 Manor Drive Llc -- None Available
Kannike Musa $815,000 Fidelity National Title Co
Hobrock Lowell M -- --
Hobrock Lowell M -- --
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 $1,185,000
Closed Dtd Ventures Llc --
Previous Owner Dtd Ventures Llc $750,000
Previous Owner Kannike Musa $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
12/07/2022 12/07/22 Sold $1,350,000 -10.0% $246 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $1,500,000 -- $273 / Sq Ft
Source: The MLS

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
2026 $19,124 $1,432,630 $795,906 $636,724
2025 $19,124 $1,404,540 $780,300 $624,240
2024 $18,296 $1,377,000 $765,000 $612,000
2023 $17,637 $1,350,000 $750,000 $600,000
2022 $13,691 $981,879 $404,302 $577,577
2021 $13,501 $962,627 $396,375 $566,252
2019 $13,038 $934,076 $384,619 $549,457
2018 $12,555 $915,762 $377,078 $538,684
2016 $11,921 $880,204 $362,437 $517,767
2015 $12,056 $900,000 $483,600 $416,400
2014 $9,436 $670,000 $360,000 $310,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-205591

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.