NOT LISTED FOR SALE
7 Beds
5 Baths
3,843 Sq Ft
6,750 Sq Ft Lot

Sale Details

Date Sold: October 23, 2024

Last sale price $1,300,000 $338 Per Sq Ft

181 Days on Market

About This Home

As of October 2024

Major price revision & updated lending packages! 5 unit apartment building in Hawthorne. Surging rental pocket commanding top rents. In Proximity To SpaceX, Major Local/National Employers, Common Space and Los Angeles Ale Works, & Several New and Exciting Commercial Development Projects. The property layout is (1) 2 bed/1 bath front attached house, (3) 1 bed/1 bath units, and (1) 2 bed/1 bath unit. 4 of 5 units have been nicely rehabbed. Newer roof and master water heater. Copper plumbing throughout. Upgraded electrical panels, new exterior lighting and seismic shut-off valves. Dedicated carport parking for each unit & laundry room. Strong day 1 cash flow with additional rental upside: 5.30% Cap Rate, 6.02% Proforma. Well located just east of Prairie between Jack Northrop Avenue & West El Segundo Boulevard. Access to the 105 and 405 Freeways.

Last Agent to Sell the Property

John Mociak

Avenue Realty Group License #01708711 Listed on: 02/24/2024

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,065

Year Built

  • Built in 1948

Lot Details

  • 6,750 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,843 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Outdoor Features

  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 9
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049001034
  • $1,560 per year additional tax assessments

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Fuel Expense $2,100
  • Gardener Expense $1,440
  • Insurance Expense $3,459
  • Maintenance Expense $2,000
  • Other Expense $1,250
  • Professional Management Expense $5,616
  • Trash Expense $1,428
  • Water Sewer Expense $3,300
  • New Taxes Expense $16,065
  • Operating Expense $38,638
  • Gross Income $113,520
  • Net Operating Income $71,274

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,065

Year Built

Built in 1948

Lot Details

6,750 Sq Ft Lot

Listing Details

  • CapRate: 5.30
  • Professional Management Expense: 5616.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4049001034
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 338.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1428.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 875 Square Feet
  • Electric Expense: 420.00
  • Fuel Expense: 2100.00
  • Gross Income: 113520.00
  • Gross Multiplier: 11.89
  • Gross Operating Income: 110150.00
  • Gross Scheduled Income: 113520.00
  • Insurance Expense: 3459.00
  • Laundry Income: 1200.00
  • Lot Size Area: 6750.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 71274.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 38876.00
  • Operating Expense Percent: 34.25
  • Other Expense: 1250.00
  • Other Expense Description: Reserves
  • Other Income Description: Laundry
  • Rent Control: Yes
  • Total Actual Rent: 9360.00
  • Total Expenses: 38638.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16065.00
  • Tax Area: 4-261
  • Tax Block: 9
  • Tax Census Tract: 6025.13
  • Taxes Percent: 1.19
  • Tax Lot: 2
  • Tax Rate: 1.19
  • Tax Tract Number: 9681
  • Tax Annual Amount: 16065.00
  • Tax Year: 2024
  • TaxOtherAnnualAssessmentAmount: 1560.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2024
Closed on
Oct 15, 2024
Sold by
Bought by
Seller's Agent
John Mociak
Avenue Realty Group
List Price
$1,520,000
Sold Price
$1,300,000
Premium/Discount to List
-$220,000
-14.47%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Outstanding Balance
$764,298
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,250
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2019
Closed on
Mar 5, 2019
Sold by
Bought by
Seller's Agent
Tad Thormodsgaard
eXp Realty of California Inc
Buyer's Agent
Tad Thormodsgaard
eXp Realty of California Inc
List Price
$995,000
Sold Price
$1,055,000
Premium/Discount to List
$60,000
6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 3, 2012
Closed on
Sep 19, 2012
Sold by
Bought by
Seller's Agent
Gary Neely
Century 21 Coastal Properties
Buyer's Agent
Tad Thormodsgaard
eXp Realty of California Inc
List Price
$535,000
Sold Price
$490,000
Premium/Discount to List
-$45,000
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$313,631
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,285,000 Fidelity National Title
$1,395,000 Fidelity National Title
$1,055,000 Lawyers Title
$490,000 Fatcola
-- None Available
$157,500 Fatco-Resale
-- --
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 $780,000
Previous Owner $1,046,250
Previous Owner $606,900
Previous Owner $600,000
Previous Owner $450,000
Previous Owner $313,631
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 Prior Sale
10/23/2024 10/23/24 Sold $1,300,000 -3.7% $338 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/10/2024 08/10/24 Price Changed $1,350,000 -1.5% $351 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,370,000 -9.9% $356 / Sq Ft
02/24/2024 02/24/24 For Sale $1,520,000 +44.1% $396 / Sq Ft
03/26/2019 03/26/19 Sold $1,055,000 +6.0% $275 / Sq Ft View Prior Sale
02/24/2019 02/24/19 For Sale $995,000 -5.7% $259 / Sq Ft
02/18/2019 02/18/19 Off Market $1,055,000 -- --
02/12/2019 02/12/19 For Sale $995,000 +103.1% $259 / Sq Ft
10/23/2012 10/23/12 Sold $490,000 -8.4% $128 / Sq Ft View Prior Sale
09/27/2012 09/27/12 Pending -- -- --
08/03/2012 08/03/12 For Sale $535,000 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $17,465 $1,285,000 $680,000 $605,000
2024 $19,104 $1,451,358 $676,260 $775,098
2023 $18,410 $1,422,900 $663,000 $759,900
2022 $15,163 $1,108,991 $420,470 $688,521
2021 $14,964 $1,087,247 $412,226 $675,021
2020 $14,934 $1,076,100 $408,000 $668,100
2019 $8,160 $540,908 $380,845 $160,063
2018 $7,822 $530,303 $373,378 $156,925
2016 $7,351 $509,713 $358,880 $150,833
2015 $7,195 $502,058 $353,490 $148,568
2014 $7,179 $492,224 $346,566 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24038244

California Regional Multiple Listing Service (CRMLS)
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