NOT LISTED FOR SALE

12521 York Ave Hawthorne, CA 90250

Estimated Value: $1,244,000 - $1,291,000

7 Beds
5 Baths
3,792 Sq Ft
$334/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $1,200,000 $316 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,301/month

8 Days on Market

About This Home

As of May 2022

Six-Plex, located in the fastest growing area of Hawthorne close to SpaceX, The Tesla Design Center and 4 miles to SoFi Stadium, not to mention great retail shopping, Los Angeles Ale Works and Common Space Brewery and Tap Room just around the corner. Great upside potential expected for many years to come as the area continues to grow. The front building has a 3 bedroom / 2 bath upper unit and a 2 bedroom / 1 bath lower unit. The Rear building has four 1 bedroom / 1 bathroom units. There is a 2 car garage and parking space in front and 5 carports in the back. All tenants are current on their rent and many have been there for several years. Rents are good, not too far off of market and professionally managed. Very low maintenance buildings with plenty of upside potential. Please do not walk the property or disturb the tenants.

Last Agent to Sell the Property

Danielle Newson

Vista Sotheby’s International Realty License #01474597 Listed on: 05/06/2022

Vista Sotheby’s International Realty

Last Buyer's Agent

Danielle Newson

Vista Sotheby’s International Realty License #01474597 Listed on: 05/06/2022

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,723

Year Built

  • Built in 1959

Lot Details

  • 6,562 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • 5 Carport Spaces

Home Design

  • 3,792 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 22 / J
  • Tax Tract Number 602
  • Assessor Parcel Number 4046023011

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $540
  • Insurance Expense $2,400
  • Maintenance Expense $500
  • Professional Management Expense $4,800
  • Trash Expense $1,600
  • Water Sewer Expense $3,300
  • New Taxes Expense $16,237
  • Operating Expense $29,677
  • Gross Income $91,608
  • Net Operating Income $61,931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,723

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.76
  • Price Per Unit: 216500
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 4046023011
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 316.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6562.00
  • Lot Size Acres: 0.1506

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 1126 Square Feet
  • Average3 Bed Area: 866 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 91608.00
  • Gross Multiplier: 14.18
  • Gross Scheduled Income: 91608.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6562.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 61931.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 29677.00
  • Rent Control: No
  • Total Actual Rent: 7634.00
  • Total Expenses: 29677.00

Tax Info

  • New Taxes Expense: 16237.00
  • Tax Block: J
  • Tax Census Tract: 6021.05
  • Tax Lot: 22
  • Tax Tract Number: 602...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2014
Sold by
Hanson John A
Bought by
Hanson Family Trust
Current Estimated Value
$1,267,500

Purchase Details

Closed on
Aug 15, 2013
Sold by
Hanson John M
Bought by
Hanson John M and Hanson John A

Purchase Details

Closed on
Mar 18, 2009
Sold by
Hanson John M
Bought by
Hanson John M and John M Hanson Trust
Source: Public Records

Range of Values:

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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
Hanson Family Trust -- None Available
Hanson John M -- None Available
Hanson John M -- None Available
Hanson John M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Double G Investments Llc $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $1,200,000 0.0% $316 / Sq Ft
05/14/2022 05/14/22 Pending -- -- --
05/13/2022 05/13/22 Off Market $1,200,000 -- --
05/08/2022 05/08/22 Price Changed $1,299,000 -13.3% $343 / Sq Ft
05/06/2022 05/06/22 For Sale $1,499,000 -- $395 / 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 $16,723 $1,273,448 $636,724 $636,724
2024 $16,723 $1,248,480 $624,240 $624,240
2023 $16,123 $1,224,000 $612,000 $612,000
2022 $3,192 $128,629 $42,481 $86,148
2021 $3,168 $126,108 $41,649 $84,459
2019 $3,093 $122,368 $40,414 $81,954
2018 $2,911 $119,970 $39,622 $80,348
2016 $2,665 $115,314 $38,085 $77,229
2015 $2,615 $113,582 $37,513 $76,069
2014 $2,634 $111,358 $36,779 $74,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22095320

California Regional Multiple Listing Service (CRMLS)

APN: 4046-023-011