Seller's Agent in 2019
Mike McKinney
Lyon Stahl Investment Real Estate, Inc.
(310) 880-2900
4 in this area
18 Total Sales
14824 Freeman Ave Lawndale, CA 90260
Estimated Value: $845,561 - $992,000
5
Beds
3
Baths
1,782
Sq Ft
$520/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Property is near park
- Laundry Room
- Lucille J. Smith Elementary School Rated 9+
- Lawn
- 3-minute walk to Rudolph Park
About This Home
As of January 2019Motivated Seller! This is a terrific opportunity to own an attractive and well-maintained fully occupied duplex that has historically been utilized and rented as a tri-plex. This non-rent controlled investment has room to increase the rents and is a value-add opportunity. Located in the desirable central South Bay area near the surrounding Manhattan and Redondo Beach communities with inviting shopping/dining destinations and quick access to the 405 freeway. The front 2 bedroom 1 bath has an attached 2 car garage and fenced front yard, the rear, built in 1960 is a 2-bed/1 bath and 1-bed/1 bath are comprised of 1,176 square feet (per city permits). The total assessor square footage is 1,782. The residents share a coin operated laundry service located in the front garage. The front 2 bedroom home has a newer roof. The front tenant pays their own utilities and the ownership pays the utilities for the back 2 and 1 bedroom units. The back unit(s), if desired, could be converted back into a 3 bedroom 2 bath home. The solid demand for quality rental housing, continued economic growth in the South Bay and the high cost of home ownership all support strong fundamentals for this investment opportunity. Please do not disturb residents, offer subject to inspection.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #00634672 Listed on: 08/22/2018
Last Buyer's Agent
Doug Lawson
Lyon Stahl Investment Real Estate, Inc. License #02034909
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 5,175 Sq Ft Lot
- 1 Common Wall
- Lawn
- Front Yard
Parking
- 2 Open Parking Spaces
- 2 Car Garage
- Parking Available
- Two Garage Doors
Home Design
- 1,782 Sq Ft Home
- Duplex
- Shingle Roof
- Stucco
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Exterior Lighting
- Property is near park
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 13
- Assessor Parcel Number 4077019013
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Other Expense $3,696
- New Taxes Expense $9,362
- Operating Expense $13,058
- Gross Income $40,800
- Net Operating Income $27,742
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2018
Closed on
Dec 28, 2018
Sold by
Smith Barry and John C Lyon Family Trust
Bought by
Kawamura Kegan
Seller's Agent
Mike McKinney
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Doug Lawson
Lyon Stahl Investment Real Estate, Inc.
List Price
$825,000
Sold Price
$705,000
Premium/Discount to List
-$120,000
-14.55%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,390
Avg. Annual Appreciation
3.96%
Original Mortgage
$305,000
Outstanding Balance
$269,235
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$658,155
Purchase Details
Closed on
May 12, 2018
Sold by
Lyon John C
Bought by
Lyon John C and John C Lyon Family Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kawamura Kegan | $705,000 | Provident Title Company | |
| Lyon John C | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kawamura Kegan | $305,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/04/2019 01/04/19 | Sold | $705,000 | -5.9% | $396 / Sq Ft |
| 11/28/2018 11/28/18 | Pending | -- | -- | -- |
| 10/15/2018 10/15/18 | Price Changed | $749,000 | -4.6% | $420 / Sq Ft |
| 09/06/2018 09/06/18 | Price Changed | $785,000 | -4.8% | $441 / Sq Ft |
| 08/22/2018 08/22/18 | For Sale | $825,000 | -- | $463 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $10,116 | $786,435 | $468,515 | $317,920 |
| 2024 | $10,116 | $771,016 | $459,329 | $311,687 |
| 2023 | $9,573 | $755,899 | $450,323 | $305,576 |
| 2022 | $9,577 | $741,079 | $441,494 | $299,585 |
| 2021 | $9,326 | $726,549 | $432,838 | $293,711 |
| 2020 | $9,344 | $719,100 | $428,400 | $290,700 |
| 2019 | $6,971 | $527,748 | $291,400 | $236,348 |
| 2018 | $4,759 | $344,838 | $151,390 | $193,448 |
| 2016 | $4,423 | $331,449 | $145,512 | $185,937 |
| 2015 | $4,312 | $326,472 | $143,327 | $183,145 |
| 2014 | $4,291 | $320,078 | $140,520 | $179,558 |
Source: Public Records
Agents Affiliated with this Home
-
Mike McKinney
-
D
Buyer's Agent in 2019
Doug Lawson
Lyon Stahl Investment Real Estate, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18204873
APN: 4077-019-013
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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