NOT LISTED FOR SALE

Estimated Value: $1,569,334

13 Beds
6 Baths
6,088 Sq Ft
$258/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2023

Last sale price $1,225,000 $201 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,789 / mo

18 Days on Market

About This Home

As of November 2023

Mixed-Use Investment Opportunity - 2 Retail Stores + 6 Apartment Units | 10.30% Pro-Forma Cap Rate & 6.74 Pro-Forma GRM | 5.87% Current Cap Rate & 9.85 Current GRM | 6,088-SF of Rentable SF* on a Large 11,016-SF Lot | Value-Add Investment - Opportunity for Investor to Lease Retails Spaces to New Tenants at Market Rate | Most Units Contain Individual Hot Water Heaters & Washer/Dryer Hook-Ups | Apartment Units Comprised of (Two) 3-Bedroom/1-Bathroom Units, (Three) 2-Bedroom/1-Bathroom Units & (One) 1-Bedroom/1-Bathroom Units | No Local Rent Control - Defaults to AB 1482 | Retail Stores Consists of 1,338 SF | Located on a Major Thoroughfare of South Gate | Great Frontage for Retail Stores on Paramount Boulevard | High Visibility & Heavily Trafficked - Over 33,840 Vehicles Per Day

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/24/2023

Co-Listed By

Daniel Hirth

Keller Williams Beverly Hills License #01515796

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/24/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 11,016 Sq Ft Lot

Interior Spaces

  • 6,088 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway

Community Details

  • 8 Units
  • Vacancy Allowance $6,574

Listing and Financial Details

  • Assessor Parcel Number 6264-006-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6088
  • Lot Acreage: 0.2529
  • Price Per Unit: 161875.00
  • Stories: 1
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 212.71

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Uncovered, Driveway
  • Total Parking: 6

Utilities

  • Number Electric Meters: 8
  • Number Gas Meters: 8

Lot Info

  • Assessed Improvement Percent: 45.41
  • Assessed Improvement Value: 259836
  • Assessed Land Percent: 54.59
  • Assessed Land Value: 312377
  • Total Assessed Value: 572213
  • Assessor Parcel Number: 6264-006-004
  • Lot Size Area: 11016

Rental Info

  • Total Actual Rent: 131484.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 9.85
  • Number Of Units: 8
  • Type Of Units: 3, 2, 1, RET
  • Vacancy Allow: 6574
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 16188.00

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
Aug 18, 2023
Sold by
Lahd Properties Llc
Bought by
Current Estimated Value
$1,569,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,308,065
Interest Rate
7.19%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 12, 2007
Sold by
Harland Llc
Bought by
Sherwood 1994 Llc

Purchase Details

Closed on
Jul 17, 2000
Sold by
Felburg William F Tr
Bought by
Harland Llc
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
$1,225,000 Lawyers Title
Sherwood 1994 Llc -- None Available
Jones Louise A -- None Available
Jones Thomas F -- None Available
Jones Thomas F -- None Available
Jones Thomas F -- None Available
Lahd Properties Llc -- None Available
Lahd Properties Llc -- None Available
Harland Llc $403,000 First American Title Co
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 $1,520,000
Previous Owner Ebdb Properties 1 Llc $1,308,065
Previous Owner Felburg William F $10,000
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
11/02/2023 11/02/23 Sold $1,225,000 -5.4% $201 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $1,295,000 -- $213 / 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
2026 $17,536 $1,274,490 $832,320 $442,170
2025 $17,536 $1,249,500 $816,000 $433,500
2024 $16,953 $1,225,000 $800,000 $425,000
2023 $9,167 $583,656 $318,624 $265,032
2022 $8,937 $572,213 $312,377 $259,836
2021 $8,723 $560,994 $306,252 $254,742
2019 $8,891 $544,356 $297,169 $247,187
2018 $8,182 $533,684 $291,343 $242,341
2016 $7,374 $512,963 $280,031 $232,932
2015 $6,986 $505,259 $275,825 $229,434
2014 $7,120 $495,362 $270,422 $224,940
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-293805

The MLS

APN: 6264-006-004

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