NOT LISTED FOR SALE
12 Beds
6 Baths
4,860 Sq Ft
6,751 Sq Ft Lot

Sale Details

Date Sold: February 24, 2022

Last sale price $1,975,000 $406 Per Sq Ft

58 Days on Market

Highlights

  • Automatic Gate
  • Living Room
  • 13 Carport Spaces
  • Park or Greenbelt View
  • Park
  • 1-minute walk to Bicentennial Park

About This Home

As of February 2022

We are proud to exclusively present this amazing Owner/User or Great Value Play Investment opportunity located at 13111 Doty Ave in the South Bay neighborhood of Hawthorne. Building 4860-square-foot, 6 units all 2 bed / 1 bath. Building is two story building situated on a 6751-square-foot lot. The building has been meticulously maintained by the current owners, whom in 2019, also replaced the Roof and installed a Fire Sprinkler System. The Subject Property located just East of Prairie and South of El Segundo and has plenty of parking. Close to 405 FWY and 105FWY, LAX Airport, New SOFI Stadium, Costco, SpaceX and South Bay Beaches.


There is a tremendous potential for upside as an investment property due to the fact that nearly all the tenants are on month-to-month lease terms and are paying under market rents. This is also a great opportunity for an Owner/User or Great Value Play for an experience investor to maximize rents to there market potential. This is a South Bay property that is going to sell fast.

Last Agent to Sell the Property

Carlos Torres

Realty ONE Group United License #01940702 Listed on: 11/15/2021

Realty ONE Group United

Last Buyer's Agent

Kimiyasu Murayoshi

Andrew C. Lee License #01329437

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Fire Rated Drywall
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,860 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Leased Washer and Dryer

Kitchen

  • Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Home Security

  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 1 Open Parking Space
  • 14 Parking Spaces
  • 13 Carport Spaces
  • Parking Available
  • Tandem Covered Parking
  • Driveway
  • Automatic Gate
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 43
  • Tax Tract Number 874
  • Assessor Parcel Number 4050007033

Community Details

Recreation

  • Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,642
  • Gardener Expense $600
  • Insurance Expense $1,410
  • Maintenance Expense $1,776
  • Other Expense $2,648
  • Trash Expense $2,402
  • Water Sewer Expense $6,996
  • New Taxes Expense $25,600
  • Operating Expense $43,154
  • Gross Income $79,246
  • Net Operating Income $79,246

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1986

Lot Details

6,751 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 3.96
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Automatic Gate, Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Water Sewer Expenses: 6996.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4050007033
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 406.38
  • Room Type: Kitchen, Living Room

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood, Park/Greenbelt
  • Pool Private: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Detached Carport, Covered, Driveway, Concrete, Gated, Tandem Covered
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2402.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550
  • Latitude Manual: 33.91342000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1642.00
  • Gross Income: 79246.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 122400.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 1410.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6751.0000 Square Feet
  • Maintenance Expense: 1776.00
  • Net Operating Income: 79246.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37256.00
  • Other Expense: 2648.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 122400.00
  • Total Expenses: 43154.00

Tax Info

  • New Taxes Expense: 25600.00
  • Tax Census Tract: 6025.08
  • Tax Lot: 43
  • Tax Tract Number: 874

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
Nov 15, 2021
Closed on
Apr 19, 2022
Sold by
Bought by
Seller's Agent
Carlos Torres
Realty ONE Group United
Buyer's Agent
Kimiyasu Murayoshi
Andrew C. Lee
List Price
$2,200,000
Sold Price
$1,975,000
Premium/Discount to List
-$225,000
-10.23%

Purchase Details

Listed on
Nov 15, 2021
Closed on
Feb 10, 2022
Sold by
Bought by
Seller's Agent
Carlos Torres
Realty ONE Group United
Buyer's Agent
Kimiyasu Murayoshi
Andrew C. Lee
List Price
$2,200,000
Sold Price
$1,975,000
Premium/Discount to List
-$225,000
-10.23%

Purchase Details

Closed on
Nov 1, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2003
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
$265,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2000
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
$240,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 1996
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
$2,480,000 Chicago Title
$1,975,000 Fidelity National Title
-- None Available
-- None Available
-- None Available
-- None Available
-- Lawyers Title Company
-- Southland Title Corporation
$320,000 Southland Title Corporation
-- --
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
Previous Owner $686,000
Previous Owner $435,000
Previous Owner $1,000,000
Previous Owner $265,000
Previous Owner $240,000
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
02/24/2022 02/24/22 Sold $1,975,000 -1.3% $406 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $2,000,000 -9.1% $412 / Sq Ft
12/13/2021 12/13/21 For Sale $2,200,000 +11.4% $453 / Sq Ft
11/24/2021 11/24/21 Off Market $1,975,000 -- --
11/24/2021 11/24/21 For Sale $2,200,000 +11.4% $453 / Sq Ft
11/23/2021 11/23/21 Off Market $1,975,000 -- --
11/15/2021 11/15/21 For Sale $2,200,000 -- $453 / 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 $34,070 $2,631,795 $1,910,174 $721,621
2024 $32,953 $2,580,192 $1,872,720 $707,472
2023 $31,723 $2,529,600 $1,836,000 $693,600
2022 $7,441 $463,447 $188,274 $275,173
2021 $7,346 $454,361 $184,583 $269,778
2019 $7,120 $440,886 $179,109 $261,777
2018 $6,804 $432,243 $175,598 $256,645
2016 $6,429 $415,460 $168,780 $246,680
2015 $6,296 $409,220 $166,245 $242,975
2014 $6,291 $401,205 $162,989 $238,216
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21247178

California Regional Multiple Listing Service (CRMLS)
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