NOT LISTED FOR SALE
16 Beds
18 Baths
10,459 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: January 15, 2019

Last sale price $4,420,000 $423 Per Sq Ft

7 Days on Market

Highlights

  • Gated Parking
  • Side by Side Parking
  • Air Conditioning
  • 16,201 Sq Ft lot

About This Home

As of January 2019

We are pleased to offer this eighteen unit multifamily investment offering, located in the City of Hawthorne. The subject property contains 10,459 square feet of building area on an 16,201 square foot lot. The unit mix consists of three 0+1, ten 1+1 , four 1+1 Town House Style, and one 2+1 units. Recent upgrades to the property include new exterior paint (2017), new landscaping with a new sprinkler system (2018), new security camera system with RFID cards issued for the newly installed motor for the gated entry, a new door king that connect tenants to their cell phones, the laundry room has new paint and tile, and sixteen units were recently renovated within the last year with luxury vinyl plank flooring, new tile, new cabinetry and granite countertops. Building amenities include a new electric gate opener with secured entry and gated on-site parking with thirteen (13) spaces, on-site laundry room for additional income, and the property is separately metered for gas & electricity.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 10/26/2018

BRC Advisors- BH

Last Buyer's Agent

Shikha Sethi

License #01961581

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 16,201 Sq Ft Lot

Interior Spaces

  • 10,459 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 18 Bathrooms

Parking

  • 26 Parking Spaces
  • Carport
  • Side by Side Parking
  • Gated Parking
  • On-Street Parking

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 4050-010-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10459
  • Stories: 2
  • Year Built: 1985
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 18.00
  • Equipment: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 420.21

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport, Covered Parking, Gated, On street, Private, Side By Side
  • Total Parking: 26

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 4050-010-021
  • Geocode Override: No
  • Lot Size Area: 16201

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.21
  • Number Of Units: 18
  • Type Of Units: Income

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

Closed on
Mar 22, 2021
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
$3,960,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2018
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
$2,855,000
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 6, 2017
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
$6,940,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 31, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2016
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
$1,500,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2013
Sold by
Bought by

Purchase Details

Closed on
May 10, 2006
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
$1,220,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2006
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
$1,220,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hawthorne, CA

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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
$4,950,000 Ticor Title
$4,420,000 Provident Title Company
$3,200,000 Ticor Title
-- Fntc
$2,450,000 Fidelity National Title Co
-- None Available
$2,020,000 First American Title Co
-- None Available
-- First American Title Ins Co
-- First American Title Ins Co
$1,400,000 First American Title Ins Co
-- Chicago Title
$353,675 World Title Company
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 $4,457,000
Closed $3,960,000
Previous Owner $3,315,000
Previous Owner $2,855,000
Previous Owner $6,940,000
Previous Owner $6,940,000
Previous Owner $1,500,000
Previous Owner $1,200,000
Previous Owner $1,320,000
Previous Owner $1,220,000
Previous Owner $550,000
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
08/23/2022 08/23/22 For Rent -- -- --
01/15/2019 01/15/19 Sold $4,420,000 +0.6% $423 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $4,395,000 -- $420 / Sq Ft
Source: The MLS

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 $69,891 $5,358,037 $2,056,620 $3,301,417
2024 $67,585 $5,252,979 $2,016,295 $3,236,684
2023 $65,065 $5,149,980 $1,976,760 $3,173,220
2022 $66,026 $5,049,000 $1,938,000 $3,111,000
2021 $60,288 $4,555,106 $1,545,850 $3,009,256
2020 $60,123 $4,508,400 $1,530,000 $2,978,400
2019 $43,988 $3,264,000 $1,224,000 $2,040,000
2018 $42,359 $3,200,000 $1,200,000 $2,000,000
2017 $32,390 $2,450,000 $950,000 $1,500,000
2016 $31,422 $2,331,899 $923,523 $1,408,376
2015 $30,721 $2,296,872 $909,651 $1,387,221
2014 $30,617 $2,251,881 $891,833 $1,360,048
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-401126

The MLS
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