NOT LISTED FOR SALE

12700 Cranbrook Ave Hawthorne, CA 90250

Estimated Value: $1,152,000 - $1,637,000

8 Beds
4 Baths
3,395 Sq Ft
$395/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $1,075,000 $317 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,266/month

24 Days on Market

About This Home

As of December 2020

12700 Cranbrook Ave is a 4-unit apartment building located in the desirable East pocket of Hawthorne, just a short distance to the Hawthorne Municipal Airport and LAX. This 3,395 SF building was built in 1941 and is situated on a 7,001 SF lot. 12700 Cranbrook Ave offers an ideal unit mix of all 2-bed/1-bath units separately metered for gas & electric.
Given the property’s ideal location, strong unit mix, and significant upside rent potential, 12700 Cranbrook Ave is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 10/05/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 10/05/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,882

Year Built

  • Built in 1941

Lot Details

  • 7,001 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 5 Car Garage

Home Design

  • 3,395 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 6 / 12
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049005030

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,358
  • Maintenance Expense $1,766
  • Other Expense $3,200
  • New Taxes Expense $14,544
  • Operating Expense $22,067
  • Gross Income $55,917
  • Net Operating Income $33,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,882

Year Built

Built in 1941

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4049005030
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 316.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1607

Multi Family

  • Gross Income: 55917.00
  • Gross Scheduled Income: 58860.00
  • Insurance Expense: 1358.00
  • Lot Size Area: 7001.0000 Square Feet
  • Maintenance Expense: 1766.00
  • Net Operating Income: 33850.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22067.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 22067.00

Tax Info

  • New Taxes Expense: 14544.00
  • Tax Block: 12
  • Tax Census Tract: 6025.09
  • Tax Lot: 6
  • Tax Tract Number: 9681

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 9, 2020
Sold by
Newsom Raymond C and Revo Joann
Bought by
Campus Point Holdings Llc
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,075,000
Premium/Discount to List
-$25,000
-2.27%
Current Estimated Value
$1,342,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,365
Avg. Annual Appreciation
4.69%
Original Mortgage
$698,750
Outstanding Balance
$627,788
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$714,577

Purchase Details

Closed on
Apr 11, 1994
Sold by
Newsom Raymond C and Newsom Jo Ann G
Bought by
Newsom Raymond C and Newsom Jo Ann G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.5%
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
Campus Point Holdings Llc $1,075,000 First American Title Company O
Newsom Raymond C -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campus Point Holdings Llc $698,750
Previous Owner Newsom Raymond C $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2020 12/24/20 Sold $1,075,000 -2.3% $317 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $1,100,000 -- $324 / 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 $14,882 $1,163,613 $730,641 $432,972
2024 $14,882 $1,140,798 $716,315 $424,483
2023 $14,337 $1,118,430 $702,270 $416,160
2022 $14,545 $1,096,500 $688,500 $408,000
2021 $14,348 $1,075,000 $675,000 $400,000
2020 $2,466 $112,707 $36,736 $75,971
2019 $2,409 $110,498 $36,016 $74,482
2018 $2,222 $108,332 $35,310 $73,022
2016 $2,047 $104,128 $33,940 $70,188
2015 $2,006 $102,565 $33,431 $69,134
2014 $2,018 $100,557 $32,777 $67,780
Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2020

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    8 in this area

    145 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2020

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    8 in this area

    153 Total Sales

    Woody Stahl
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20209137

California Regional Multiple Listing Service (CRMLS)

APN: 4049-005-030

California Los Angeles County Hawthorne 90250

12700 Cranbrook Ave, Hawthorne, CA

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