NOT LISTED FOR SALE

12416 224th St Hawaiian Gardens, CA 90716

Estimated Value: $745,861 - $822,000

4 Beds
2 Baths
1,402 Sq Ft
$568/Sq Ft Est. Value

Last Sold May 15, 2013

Last sale price $325,000 $232 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $4,775/month

Highlights

  • Contemporary Architecture
  • Artesia High School Rated A-
  • 2-minute walk to Lee Ware Park

About This Home

As of May 2013

EXCELLENT LOCATION. BEST INVESTMENT. HIGH DEMAND FOR RENTERS. TWO SEPARATE HOUSES IN A LOT 2 BEDROOMS I BATH EACH. STANDARD SALE

Last Agent to Sell the Property

Alex Petrusan

C-21 Realty Team License #01020768 Listed on: 03/01/2013

Last Buyer's Agent

Greg Kennedy

Coldwell Banker Realty License #01188287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 1964

Lot Details

  • 5,305 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 1,402 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Listing and Financial Details

  • Legal Lot and Block 4 / L
  • Tax Tract Number 7114
  • Assessor Parcel Number 7076009004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $200
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $200
  • Pest Control $200
  • Trash Expense $800
  • Water Sewer Expense $800
  • New Taxes Expense $3,100
  • Gross Income $3,200
  • Net Operating Income $24,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,208

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 8.69
  • Water Sewer Expenses: 800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7076009004
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 231.81

Exterior Features

  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Pest Control Expense: 200.00
  • Trash Expense: 800.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5305.00
  • Lot Size Acres: 0.1220

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 3200.00
  • Gross Multiplier: 9.11
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 200.00
  • Net Operating Income: 24400.00
  • 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: 8000.00

Tax Info

  • New Taxes Expense: 3100.00
  • Tax Area: 2525
  • Tax Block: L
  • Tax Lot: 4
  • Tax Tract Number: 7114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2013
Closed on
Apr 30, 2013
Sold by
Madrigal Jose
Bought by
Covert Jack
Seller's Agent
Alex Petrusan
C-21 Realty Team
Buyer's Agent
Greg Kennedy
Coldwell Banker Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Current Estimated Value
$796,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,715
Avg. Annual Appreciation
7.58%
Original Mortgage
$202,500
Outstanding Balance
$144,111
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$652,604

Purchase Details

Closed on
Jan 21, 2004
Sold by
Favela Jose L
Bought by
Madrigal Jose and Madrigal Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 1999
Sold by
Marchi Brett
Bought by
Favela Jose L and Favela Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,634
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 1998
Sold by
Cowan Linda
Bought by
Marchi Brett and Cowan Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.98%
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
Covert Jack $325,000 North American Title Company
Madrigal Jose $340,000 Southland Title
Favela Jose L $167,000 --
Marchi Brett -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covert Jack $202,500
Previous Owner Madrigal Jose $297,000
Previous Owner Favela Jose L $165,634
Previous Owner Marchi Brett $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2013 05/15/13 Sold $325,000 -7.1% $232 / Sq Ft
11/08/2012 11/08/12 For Sale $350,000 -- $250 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
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 $5,208 $400,200 $215,493 $184,707
2024 $5,208 $392,354 $211,268 $181,086
2023 $5,050 $384,662 $207,126 $177,536
2022 $4,976 $377,120 $203,065 $174,055
2021 $4,863 $369,727 $199,084 $170,643
2019 $4,757 $358,763 $193,180 $165,583
2018 $4,380 $351,730 $189,393 $162,337
2016 $4,209 $338,074 $182,040 $156,034
2015 $4,158 $332,997 $179,306 $153,691
2014 $4,088 $326,475 $175,794 $150,681
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Alex Petrusan

    C-21 Realty Team

    (562) 531-2001

    72 Total Sales

    Section Image

  • G

    Buyer's Agent in 2013

    Greg Kennedy

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1205593

California Regional Multiple Listing Service (CRMLS)

APN: 7076-009-004

California Los Angeles County Hawaiian Gardens 90716

12416 224th St, Hawaiian Gardens, CA

This home is located at 12416 224th St, Hawaiian Gardens, CA 90716 since 01 March 2013 and is currently estimated at $796,715, approximately $568 per square foot. This property was built in 1964. 12416 224th St is a home located in Los Angeles County with nearby schools including Hawaiian Elementary School, Fedde (Pharis F.) Middle School, and Artesia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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