NOT LISTED FOR SALE

13514 Doty Ave Hawthorne, CA 90250

Estimated Value: $2,213,000

10 Beds
6 Baths
7,721 Sq Ft
$287/Sq Ft Est. Value

Last Sold January 05, 2017

Last sale price $1,740,000 $225 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,979/month

101 Days on Market

Highlights

  • 19,522 Sq Ft lot
  • No HOA
  • South Facing Home
  • Lawn
  • 8 Car Garage
  • Rectangular Lot

About This Home

As of January 2017

Get ready for the new influx of the new stadium, team, Olympics, and money to be spent here in the years ahead. Yes there are 4, 3 bedroom units. Actual rents are far below pro forma. Upside of $15,600/year. Tenants pay electric and gas. This popular style of rental property include duplex style homes with a 4-plex in the back.

Last Agent to Sell the Property

Max Zanck

Redfin License #01863094 Listed on: 06/14/2016

Redfin

Co-Listed By

Adam Alcaraz

Coldwell Banker Realty License #01225657

Last Buyer's Agent

Kyle Young

3L Properties, Inc. License #01902695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,901

Year Built

  • Built in 1930

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 305 x 64
  • 1 Common Wall
  • South Facing Home
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard
  • Density is 16-20 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Driveway
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,721 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 42
  • Tax Tract Number 874
  • Assessor Parcel Number 4051009034

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $4,181
  • Maintenance Expense $5,000
  • Pest Control $559
  • Trash Expense $1,628
  • Water Sewer Expense $7,800
  • New Taxes Expense $21,510
  • Gross Income $10,425
  • Net Operating Income $83,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,901

Year Built

Built in 1930

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 4.72
  • Other Phone Description: Co-Agent Cell
  • Other Phone Number: 714-658-4147
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 7800.00
  • Well Report: No
  • Zoning: HAR3
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4051009034
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 225.36

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway, Garage, Uncovered
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Pest Control Expense: 559.00
  • Trash Expense: 1628.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, 16-20 Units/Acre, Front Yard, Level, Lawn, Rectangular Lot, Lot 6500-9999
  • Lot Size: 305 x 64
  • Lot Size Sq Ft: 19522.00
  • Price Per Lot Square Foot: 90.67

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Gross Income: 10425.00
  • Gross Scheduled Income: 125100.00
  • Insurance Expense: 4181.00
  • Maintenance Expense: 5000.00
  • Net Operating Income: 83531.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 41569.00
  • Rent Control: No
  • Total Actual Rent: 10310.00

Tax Info

  • New Taxes Expense: 21510.00
  • Tax Area: 4261
  • Tax Lot: 42
  • Tax Rate: 1.19
  • Tax Tract Number: 874
  • Tax Annual Amount: 14901.00
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2017
Sold by
Mark Icarus Lp
Bought by
Monark Lp
Current Estimated Value
$2,213,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Outstanding Balance
$808,838
Interest Rate
3.86%
Mortgage Type
Commercial
Estimated Equity
$1,623,162

Purchase Details

Closed on
Sep 23, 2016
Sold by
Tlha Doty Llc
Bought by
Mark Icarus Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2010
Sold by
Doty Investment Llc
Bought by
Tlha Doty Llc

Purchase Details

Closed on
Sep 28, 2007
Sold by
Le Sa Thi Quynh
Bought by
Doty Investment Llc

Purchase Details

Closed on
Sep 27, 2005
Sold by
Le Ron Viet
Bought by
Le Sa Thi Quynh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2005
Sold by
Richards Gary and Richards Amelia J
Bought by
Le Sa Thi Quynh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2005
Sold by
Richards Gary and Richards Amelia J
Bought by
Corporation Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Monark Lp $792,000 None Available
Mark Icarus Lp $1,740,000 First American Title Company
Tlha Doty Llc $1,010,000 Lawyers Title
Doty Investment Llc -- None Available
Le Sa Thi Quynh -- Lawyers Title
Le Sa Thi Quynh $1,250,000 Lawyers Title Ins
Corporation Services Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monark Lp $965,000
Previous Owner Mark Icarus Lp $30,000,000
Previous Owner Le Sa Thi Quynh $750,000
Previous Owner Corporation Services Inc $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2017 01/05/17 Sold $1,740,000 -1.7% $225 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
09/11/2016 09/11/16 Price Changed $1,770,000 -1.6% $229 / Sq Ft
07/12/2016 07/12/16 Price Changed $1,798,000 -2.8% $233 / Sq Ft
06/14/2016 06/14/16 For Sale $1,850,000 -- $240 / 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 $26,251 $1,979,818 $1,069,557 $910,261
2024 $26,251 $1,940,999 $1,048,586 $892,413
2023 $25,319 $1,902,941 $1,028,026 $874,915
2022 $25,667 $1,865,629 $1,007,869 $857,760
2021 $25,324 $1,829,049 $988,107 $840,942
2020 $25,253 $1,810,296 $977,976 $832,320
2019 $24,466 $1,774,800 $958,800 $816,000
2018 $23,422 $1,740,000 $940,000 $800,000
2016 $15,229 $1,093,082 $584,420 $508,662
2015 $14,901 $1,076,664 $575,642 $501,022
2014 $14,857 $1,055,574 $564,366 $491,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16127863

California Regional Multiple Listing Service (CRMLS)

APN: 4051-009-034