NOT LISTED FOR SALE

13102 Kornblum Ave Hawthorne, CA 90250

Estimated Value: $1,065,068 - $1,187,000

7 Beds
4 Baths
2,740 Sq Ft
$412/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $780,000 $285 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,877/month

22 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Bicentennial Park
  • Community Pool

About This Home

As of June 2019

Looking for a smart investment? This Hawthorne triplex offers great potential. With a projected cap rate over 4%, there's still room for improvement. Two of the units are well below market rents. All leases are month to month. The two units in the front each have 2 bedrooms, 1 bathroom, and laundry hookups. They are separated by two 1-car garages so there are no shared living walls. The detached back house is a 3 bedroom, 2 bathroom with fireplace, laundry hookups, and small backyard. It has an attached 2 car garage. There's a recently replastered swimming pool that separates the back house from the front units. It's fenced in and is a fantastic feature to attract tenants as we experience hotter and hotter weather. This is an R3 lot and large enough to conceivably build 4 townhomes in the future; check with the city for viability. Buyer to cooperate with seller's 1031 exchange.

Last Agent to Sell the Property

Amy Cimetta

Vista Sotheby’s International Realty License #01774767 Listed on: 04/10/2019

Vista Sotheby’s International Realty

Last Buyer's Agent

Amy Cimetta

Vista Sotheby’s International Realty License #01774767 Listed on: 04/10/2019

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,400

Year Built

  • Built in 1959

Lot Details

  • 10,168 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 4 Car Garage

Home Design

  • 2,740 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Fence Around Pool

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 874
  • Assessor Parcel Number 4050014029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Community Pool

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Pool Expense $1,380
  • Trash Expense $1,440
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,625
  • Operating Expense $17,445
  • Net Operating Income $46,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,400

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4050014029
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 284.67

Exterior Features

  • Pool Expense: 1380.00
  • Pool Features: Community, Fenced
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 10168.00
  • Lot Size Acres: 0.2334

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1080.00
  • Gross Scheduled Income: 52080.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 10168.0000 Square Feet
  • Net Operating Income: 46080.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Expenses: 17445.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Lot: 38
  • Tax Tract Number: 874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 17, 2019
Sold by
Bassilian Ron
Bought by
Khan Mohammed Ali
Seller's Agent
Amy Cimetta
Vista Sotheby’s International Realty
Buyer's Agent
Amy Cimetta
Vista Sotheby’s International Realty
List Price
$850,000
Sold Price
$780,000
Premium/Discount to List
-$70,000
-8.24%
Current Estimated Value
$1,130,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,017
Avg. Annual Appreciation
6.00%
Original Mortgage
$585,000
Outstanding Balance
$513,289
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$616,728

Purchase Details

Closed on
May 7, 2004
Sold by
Mittal Adriana and Mittal Mark
Bought by
Bassilian Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2003
Sold by
Mittal Ram K and Mittal Lillian B
Bought by
Mittal Adriana

Purchase Details

Closed on
May 22, 2003
Sold by
Leon Jose E and Jose E Leon Trust
Bought by
Cooper Ronney L and Cooper Claudette I

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
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Khan Mohammed Ali $780,000 Progressive Title Company
Bassilian Ron -- Progressive Title Company
Bassilian Ron $550,000 Lawyers Title
Mittal Adriana -- Lawyers Title
Mittal Adriana -- --
Cooper Ronney L $1,040,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Mohammed Ali $585,000
Previous Owner Bassilian Ron $440,000
Previous Owner Cooper Ronney L $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2019 06/20/19 Sold $780,000 -3.7% $285 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/25/2019 04/25/19 Price Changed $810,000 -4.7% $296 / Sq Ft
04/10/2019 04/10/19 For Sale $850,000 -- $310 / 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 $11,400 $870,099 $557,756 $312,343
2024 $11,400 $853,039 $546,820 $306,219
2023 $10,994 $836,314 $536,099 $300,215
2022 $11,149 $819,917 $525,588 $294,329
2021 $11,000 $803,841 $515,283 $288,558
2020 $10,969 $795,600 $510,000 $285,600
2019 $9,655 $700,998 $382,363 $318,635
2018 $9,148 $687,254 $374,866 $312,388
2016 $8,699 $660,568 $360,310 $300,258
2015 $8,506 $650,646 $354,898 $295,748
2014 $8,472 $637,902 $347,947 $289,955
Source: Public Records

Agents Affiliated with this Home

  • Amy Cimetta

    Seller's Agent in 2019

    Amy Cimetta

    Vista Sotheby’s International Realty

    (310) 428-8804

    33 Total Sales

    Amy Cimetta
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19081501

California Regional Multiple Listing Service (CRMLS)

APN: 4050-014-029

California Los Angeles County Hawthorne 90250

13102 Kornblum Ave, Hawthorne, CA

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