NOT LISTED FOR SALE

Estimated Value: $1,129,664

7 Beds
4 Baths
2,749 Sq Ft
$411/Sq Ft Est. Value

Sale Details

Date Sold: October 16, 2018

Last sale price $875,000 $318 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,325 / mo

39 Days on Market

Highlights

  • 13,118 Sq Ft lot
  • 3 Car Garage
  • Wall Furnace
  • No HOA
  • Chain Link Fence

About This Home

As of October 2018

Don't miss this opportunity to own a 3 unit in Hawthorne. The front unit is a 1,059 square feet consisting of 3 bedrooms and 2 bathrooms. The middle and back units are about 850 square feet each consisting of 2 bedrooms and 1 bathroom. All units have laundry hookups. This property is unique with a extremely large lot size. This is great to accommodate resident parking. Did I forget to mention that in addition to the large lot, there are also garages. There is 1 single car garage and one 2 car garage. The property needs some work, but will make a great investment property. The property is fully occupied with month to month tenants. Below market rents, with potential upswing. Buyer to verify all information/permits.

Last Agent to Sell the Property

Dave Donnini

REMAX AEGIS License #01493705 Listed on: 08/23/2018

Last Buyer's Agent

Olivia Danihel

Estate Properties License #00816293

Estate Properties
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 13,118 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • 2,749 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 284
  • Tax Tract Number 874
  • Assessor Parcel Number 4051025016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Professional Management Expense $2,400
  • Trash Expense $870
  • Water Sewer Expense $3,492
  • New Taxes Expense $11,500
  • Operating Expense $19,162
  • Net Operating Income $30,494

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.3 Acres

Parking

3

Listing Details

  • CapRate: 3.31
  • Professional Management Expense: 2400.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3492.00
  • Zoning: HAR4*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4051025016
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 318.30

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 870.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13118.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 49656.00
  • Insurance Expense: 900.00
  • Net Operating Income: 30494.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 19162.00
  • Rent Control: No
  • Total Actual Rent: 4138.00
  • Total Expenses: 19162.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Census Tract: 6025.05
  • Tax Lot: 284
  • 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
Aug 23, 2018
Closed on
Oct 10, 2018
Sold by
Bought by
Seller's Agent
Dave Donnini
REMAX AEGIS
Buyer's Agent
Olivia Danihel
Estate Properties
List Price
$920,000
Sold Price
$875,000
Premium/Discount to List
-$45,000
-4.89%
Current Estimated Value
$1,129,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,664
Avg. Annual Appreciation
3.33%

Purchase Details

Closed on
Mar 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2001
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
$103,000
Interest Rate
7.14%
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
$875,000 First American Title Company
$875,000 First American Title Company O
-- None Available
-- None Available
-- Civic Center Title Svc Inc
-- Fidelity National Title
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 $525,000
Previous Owner $400,000
Previous Owner $112,000
Previous Owner $103,000
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
10/16/2018 10/16/18 Sold $875,000 -4.9% $318 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $920,000 0.0% $335 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
09/16/2018 09/16/18 For Sale $920,000 0.0% $335 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $920,000 -- $335 / 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 $13,246 $976,074 $725,085 $250,989
2024 $12,781 $956,936 $710,868 $246,068
2023 $12,326 $938,174 $696,930 $241,244
2022 $12,501 $919,779 $683,265 $236,514
2021 $12,335 $901,745 $669,868 $231,877
2020 $3,966 $222,948 $135,701 $87,247
2019 $11,335 $827,741 $504,073 $323,668
2018 $10,735 $811,512 $494,190 $317,322
2016 $2,316 $123,985 $75,429 $48,556
2015 $2,272 $122,123 $74,296 $47,827
2014 $2,282 $119,732 $72,841 $46,891
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18205871

California Regional Multiple Listing Service (CRMLS)

APN: 4051-025-016

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