NOT LISTED FOR SALE

12512 Cranbrook Ave Hawthorne, CA 90250

Estimated Value: $1,601,000 - $2,075,000

12 Beds
8 Baths
5,444 Sq Ft
$344/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $1,490,000 $274 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,372/month

24 Days on Market

About This Home

As of April 2019

Hawthorne is one of the last non-rent control cities in Los Angeles County and was voted by forbes as one of the best places to buy rental properties in 2019. Strong rents and renovated units. The building's gross monthly income is $9,000/month.Three units feature new countertops, stainless steel appliances, new cabinets and vinyl flooring. There is new electrical panel, new paint, and new landscaping.Located in a terrific North Hawthorne market, the building lies on the end of a cul-de-sac street surrounded by single family homes and smaller apartments. Built in 1964, the asset consists of two two-bedroom /one and a half-bathroom townhome units and two four-bedroom / two-bathroom townhome units. There is a common area washer/dryer (owned), six covered parking spaces and all units are individually metered for electricity.

Last Agent to Sell the Property

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 03/08/2019

Last Buyer's Agent

Austin Chen

Keller Williams Beverly Hills License #01898306

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,000

Home Design

  • Flat Roof Shape

Interior Spaces

  • 5,444 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Utilities

  • Heating Available
  • Water Heater

Additional Features

  • Balcony
  • 7,000 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 4049-004-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5444
  • Probate: No
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 280.12

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Electric

Lot Info

  • Assessor Parcel Number: 4049-004-033
  • Geocode Override: No
  • Lot Size Area: 7000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.20
  • Number Of Units: 4
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
Mar 28, 2019
Sold by
Katnik John Albert
Bought by
Sasano Pacific Real Estate Llc
Seller's Agent
Elliot Hassan
NorthMarq Realty Services, Inc.
Buyer's Agent
Austin Chen
Keller Williams Beverly Hills
List Price
$1,525,000
Sold Price
$1,490,000
Premium/Discount to List
-$35,000
-2.3%
Current Estimated Value
$1,874,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,436
Avg. Annual Appreciation
3.37%

Purchase Details

Listed on
Jun 20, 2017
Closed on
Jul 7, 2017
Sold by
Dennis Joyce C
Bought by
Katnik John Albert
Seller's Agent
Ike Obasi
First Vision Real Estate and Financial Services
Buyer's Agent
Ike Obasi
First Vision Real Estate and Financial Services
List Price
$980,000
Sold Price
$1,150,000
Premium/Discount to List
$170,000
17.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.25%

Purchase Details

Closed on
Jul 11, 2007
Sold by
Thompson Leslie G and Thompson Maroma F
Bought by
Dennis Joyce C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.61%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sasano Pacific Real Estate Llc $1,490,000 North American Title Company
Katnik John Albert $1,150,000 Chicago Title Company
Dennis Joyce C $875,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dennis Joyce C $612,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2019 04/02/19 Sold $1,490,000 -2.3% $274 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $1,525,000 +32.6% $280 / Sq Ft
07/13/2017 07/13/17 Sold $1,150,000 +17.3% $211 / Sq Ft View Prior Sale
07/08/2017 07/08/17 For Sale $980,000 -14.8% $180 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/28/2017 06/28/17 Off Market $1,150,000 -- --
06/20/2017 06/20/17 For Sale $980,000 -- $180 / Sq Ft
Source: The MLS

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 $20,943 $1,662,118 $669,309 $992,809
2024 $20,943 $1,629,529 $656,186 $973,343
2023 $20,168 $1,597,578 $643,320 $954,258
2022 $20,467 $1,566,254 $630,706 $935,548
2021 $20,176 $1,535,544 $618,340 $917,204
2019 $15,575 $1,173,000 $510,000 $663,000
2018 $14,952 $1,150,000 $500,000 $650,000
2016 $11,350 $865,000 $622,200 $242,800
2015 $10,715 $820,000 $589,800 $230,200
2014 $9,411 $700,000 $503,500 $196,500
Source: Public Records

Agents Affiliated with this Home

  • Elliot Hassan

    Seller's Agent in 2019

    Elliot Hassan

    NorthMarq Realty Services, Inc.

    (213) 943-1800

    38 Total Sales

    Elliot Hassan
    Section Image
  • Austin Chen

    Buyer's Agent in 2019

    Austin Chen

    Keller Williams Beverly Hills

    (310) 432-6400

    23 Total Sales

    Austin Chen
    Section Image
  • Ike Obasi

    Seller's Agent in 2017

    Ike Obasi

    First Vision Real Estate and Financial Services

    (310) 649-2028

    9 Total Sales

    Ike Obasi
    Section Image
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Map

Source: The MLS

MLS Number: 19-441974

The MLS

APN: 4049-004-033

California Los Angeles County Hawthorne 90250

12512 Cranbrook Ave, Hawthorne, CA

Not Listed for Sale

MultiFamily

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