NOT LISTED FOR SALE

12318 224th St Hawaiian Gardens, CA 90716

Estimated Value: $801,000 - $1,065,000

6 Beds
3 Baths
2,459 Sq Ft
$383/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $550,000 $224 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,759/month

48 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Tile Flooring
  • Artesia High School Rated A-
  • Laundry Room
  • 5-minute walk to Lee Ware Park

About This Home

As of December 2016

A rare investment property in a friendly neighborhood, 2 units that has 3 bedrooms, a large living space of 2,459 square foot total and very spacious bedrooms, well kept inside, with two separate addresses 12318 and 12320 224Th St. Unit 1. 3 bedrooms 1 bath, Unit 2. 3 bedrooms 2 1/2 baths. Excellent for investment or first home buyer. Nearby schools include Turner Christian High School, Hawaiian Elementary School and Venn W. Furgeson Elementary School. The closest grocery stores are El Tigre Liquor & Market, Patio Club and Foods Kettle. Nearby coffee shops include Lee's Sandwiches, Starbucks and 7-Eleven. Nearby restaurants include Pizza Man, Taco Factory and Tortas y Jugos Jiquilpan.

Last Agent to Sell the Property

Emmy Nguyen

Excel Estates Group License #01505162 Listed on: 09/06/2016

Last Buyer's Agent

Steve Gamez

P.R.S. Properties License #00586247

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,936

Year Built

  • Built in 1950

Lot Details

  • 5,305 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,459 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 4
  • Tax Tract Number 7114
  • Assessor Parcel Number 7076016004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $3,650
  • Gross Income $2,600
  • Net Operating Income $26,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,936

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 7148765779
  • Other Phone Number: 7148765779
  • Property Attached: Yes
  • Zoning: HGR2*
  • Property Type: Residential Income
  • Parcel Number: 7076016004
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Elevator
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 223.67
  • Room Type: Walk-In Closet

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Rectangular Lot
  • Lot Size Sq Ft: 5305.00
  • Price Per Lot Square Foot: 113.08

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 26550.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4650.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3650.00
  • Tax Lot: 4
  • Tax Tract Number: 7114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Nov 9, 2016
Sold by
Sey Ailsa
Bought by
Sey Monyrith
Seller's Agent
Emmy Nguyen
Excel Estates Group
Buyer's Agent
Steve Gamez
P.R.S. Properties
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Current Estimated Value
$942,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,877
Avg. Annual Appreciation
6.23%
Original Mortgage
$412,500
Outstanding Balance
$334,473
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$597,942

Purchase Details

Closed on
Jan 14, 2004
Sold by
Garcia Daniel N and Garcia Rosa M
Bought by
Garcia Daniel N and Garcia Rosa M
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
Sey Monyrith -- Bnt Title Company Of Ca
Sey Monyrith $550,000 Bnt Title Company Of Ca
Garcia Daniel N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sey Monyrith $412,500
Previous Owner Garcia Rosa M $83,600
Previous Owner Ruiz Rosa Maria $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $550,000 -3.5% $224 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/03/2016 10/03/16 Price Changed $570,000 -5.0% $232 / Sq Ft
09/06/2016 09/06/16 For Sale $599,900 -- $244 / 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 $7,936 $638,317 $382,991 $255,326
2024 $7,936 $625,802 $375,482 $250,320
2023 $7,685 $613,532 $368,120 $245,412
2022 $7,571 $601,502 $360,902 $240,600
2021 $7,393 $589,709 $353,826 $235,883
2020 $7,334 $583,663 $350,198 $233,465
2019 $7,228 $572,220 $343,332 $228,888
2018 $6,706 $561,000 $336,600 $224,400
2016 $3,694 $285,607 $71,131 $214,476
2015 $3,650 $281,318 $70,063 $211,255
2014 $3,971 $275,808 $68,691 $207,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16198606

California Regional Multiple Listing Service (CRMLS)

APN: 7076-016-004