NOT LISTED FOR SALE

12708 Stoneacre Ave Lynwood, CA 90262

Estimated Value: $784,000 - $907,865

4 Beds
3 Baths
2,028 Sq Ft
$413/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $700,000 $345 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,247/month

18 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Patio Home
  • Private Yard
  • Rectangular Lot

About This Home

As of April 2023

Fixer. Property located near transportation, schools, shopping centers and close access to the 710 and 105 FWYs.
Great potential to increase your income if you add a Garage conversion, Accessory Dueling Unit, Jr. ADU. The possibilities are endless; buyers to verify.
Both units are fenced from each other. The back house has a wide and long driveway that may fit as many as 10 cars without counting the two car garage and the front house has room for as much as 3 cars. The back yard consists is mostly concrete slab, two orange trees one lemon tree and a large avocado tree.

Last Agent to Sell the Property

Rogelio Martinez

First Family Homes License #01235339 Listed on: 02/24/2023

Co-Listed By

Jaime Martinez

C-21 Realty Team License #00779643

Last Buyer's Agent

Hugo Jauregui

Castle Realty Homes License #01254874

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,028 Sq Ft Home
  • Duplex
  • Patio Home
  • Shingle Roof
  • Composition Roof

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • 4 Bedrooms
  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 24
  • Tax Tract Number 7099
  • Assessor Parcel Number 6186024017
  • $968 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $5
  • Fuel Expense $5
  • Insurance Expense $1,500
  • Trash Expense $200
  • Water Sewer Expense $300
  • Operating Expense $2,100
  • Gross Income $13,000
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Zoning: LYR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6186024017
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 345.17

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Patio Home, Yard
  • Lot Size Sq Ft: 11815.00
  • Lot Size Acres: 0.2712

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 5.00
  • Fuel Expense: 5.00
  • Gross Income: 13000.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11815.0000 Square Feet
  • Net Operating Income: 27000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5400.00
  • Rent Control: No
  • Total Expenses: 2100.00

Tax Info

  • Tax Census Tract: 5418.01
  • Tax Lot: 24
  • Tax Tract Number: 7099
  • TaxOtherAnnualAssessmentAmount: 968.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 27, 2023
Sold by
Ramirez Gerardo
Bought by
Ramirez Olivia
Seller's Agent
Rogelio Martinez
First Family Homes
Buyer's Agent
Hugo Jauregui
Castle Realty Homes
List Price
$700,000
Sold Price
$700,000
Views
176
Current Estimated Value
$838,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,466
Avg. Annual Appreciation
6.91%
Original Mortgage
$525,000
Outstanding Balance
$510,219
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$328,247

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 20, 2023
Sold by
Martinez Family Trust
Bought by
Ramirez Olivia
Seller's Agent
Rogelio Martinez
First Family Homes
Buyer's Agent
Hugo Jauregui
Castle Realty Homes
List Price
$700,000
Sold Price
$700,000
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$510,219
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$328,247

Purchase Details

Closed on
Sep 21, 2017
Sold by
Martinez Benjamin and Martinez Florentina
Bought by
Martinez Benjamin and Martinez Florentina

Purchase Details

Closed on
Nov 19, 2014
Sold by
Martinez Teresa
Bought by
Martinez Teresa and Martinez Family Trust

Purchase Details

Closed on
Mar 3, 2014
Sold by
Mrtinez Teresa and Martinez Family Living Trust
Bought by
Martinez Teresa and Martinez Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2010
Sold by
Martinez Luis and Martinez Teresa
Bought by
Martinez Luis and Martinez Teresa

Purchase Details

Closed on
Jun 24, 2008
Sold by
Martinez Luis and Martinez Teresa
Bought by
Martinez Luis and Martinez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2003
Sold by
Martinez Luis and Martinez Teresa
Bought by
Martinez Luis and Martinez Teresa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramirez Olivia -- Wfg Title Company
Ramirez Olivia $700,000 Wfg Title Company
Martinez Benjamin -- None Available
Martinez Teresa -- None Available
Martinez Benjamin -- None Available
Martinez Teresa -- Western Resources Title Co
Martinez Luis -- None Available
Martinez Luis -- Stewart Title
Martinez Luis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Olivia $525,000
Previous Owner Martinez Teresa $316,000
Previous Owner Martinez Luis $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2023 04/25/23 Sold $700,000 0.0% $345 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $700,000 -- $345 / 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 $10,407 $728,280 $572,220 $156,060
2024 $10,407 $714,000 $561,000 $153,000
2023 $6,821 $437,136 $286,797 $150,339
2022 $3,162 $174,328 $73,623 $100,705
2021 $3,057 $170,911 $72,180 $98,731
2020 $2,958 $169,159 $71,440 $97,719
2019 $3,105 $165,843 $70,040 $95,803
2018 $2,778 $162,592 $68,667 $93,925
2016 $2,593 $156,280 $66,001 $90,279
2015 $2,547 $153,933 $65,010 $88,923
2014 $2,508 $150,919 $63,737 $87,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23031638

California Regional Multiple Listing Service (CRMLS)

APN: 6186-024-017