NOT LISTED FOR SALE

14920 Eastwood Ave Lawndale, CA 90260

Estimated Value: $1,326,000 - $1,516,000

7 Beds
6 Baths
4,128 Sq Ft
$340/Sq Ft Est. Value

Last Sold December 09, 2016

Last sale price $770,000 $187 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $8,563/month

111 Days on Market

About This Home

As of December 2016

Wonderful opportunity to own a two unit property (currently configured as four units) in the heart of Lawndale! Close to the The Hawthorne Mall, and El Camino College, this property has great walk-ability and easy access to public transportation. The front residence is a three bedroom, two bath (en-suite bath in master) that is currently rented on a per room basis with a shared kitchen and bath,central heat and laundry and utilities. Attached to the front residence is a two bedroom one bath , both with new flooring and remodeled kitchen and bath. The unit in the rear is a two bedroom two bath, and an attached unit that has been set up to be a one bedroom one bath (permits unknown). The four units are currently rented with tenants on either month-to-month or short term leases, making this the perfect opportunity for either an investor or a buyer looking to live in a residence and rent the additional units.

Last Agent to Sell the Property

William Shafer

Properties in Paradise Inc License #01486254 Listed on: 07/07/2016

Last Buyer's Agent

Anoop Garg

The Real Estate Consult. Wstsd License #01060730

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,821

Year Built

  • Built in 1968

Lot Details

  • 7,657 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 4,128 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 6038
  • Assessor Parcel Number 4077025032

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,490
  • Insurance Expense $968
  • Trash Expense $350
  • Water Sewer Expense $1,489
  • New Taxes Expense $7,984
  • Operating Expense $13,038
  • Gross Income $7,100
  • Net Operating Income $72,162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,821

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1489.00
  • Property Type: Residential Income
  • Parcel Number: 4077025032
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 186.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 350.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Level, Lot 6500-9999
  • Lot Size Sq Ft: 7657.00
  • Price Per Lot Square Foot: 116.23

Multi Family

  • Electric Expense: 1490.00
  • Gross Income: 7100.00
  • Gross Scheduled Income: 85200.00
  • Insurance Expense: 968.00
  • Net Operating Income: 72162.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13038.00
  • Rent Control: No
  • Total Actual Rent: 7100.00
  • Total Expenses: 13038.00

Tax Info

  • New Taxes Expense: 7984.00
  • Tax Lot: 2
  • Tax Tract Number: 6038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2022
Sold by
Rasiklal Vora Sarju and Sarju Priya
Bought by
Sarju Vora Revocable Trust
Current Estimated Value
$1,401,539

Purchase Details

Listed on
Jul 7, 2016
Closed on
Nov 1, 2016
Sold by
Hernandez Salvador
Bought by
Vora Sarju and Vora Priya
Seller's Agent
William Shafer
Properties in Paradise Inc
Buyer's Agent
Anoop Garg
The Real Estate Consult. Wstsd
List Price
$890,000
Sold Price
$770,000
Premium/Discount to List
-$120,000
-13.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$533,850
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2014
Sold by
Smith Mary A
Bought by
Smith Mary A and Mary Smith Trust

Purchase Details

Closed on
Jul 14, 2014
Sold by
Romero Ralph
Bought by
Hernandez Salvador and Smith Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2014
Sold by
Hernandez Cathe Lana
Bought by
Hernandez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2013
Sold by
Romero Randall C
Bought by
Romero Ralph

Purchase Details

Closed on
Dec 26, 2012
Sold by
Romero Randall C and Romero Ralph
Bought by
Romero Randall C and Romero Ralph

Purchase Details

Closed on
Nov 16, 2009
Sold by
Romero Ralph
Bought by
Romero Ralph and Ralph Jr & Lupe O Romero Revocable Trust

Purchase Details

Closed on
Dec 21, 2006
Sold by
Romero Ralph and The Romero Revocable Trust
Bought by
Romero Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
8.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2005
Sold by
Romero Ralph and The Romero Revocable Trust
Bought by
Romero Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Sarju Vora Revocable Trust -- Venable Llp
Vora Sarju Rasiklal -- Venable Llp
Vora Sarju $770,000 Fidelity Natl Title Co San D
Smith Mary A -- None Available
Hernandez Salvador $525,000 None Available
Hernandez Salvador -- None Available
Romero Ralph -- None Available
Romero Randall C -- None Available
Romero Ralph -- None Available
Romero Ralph -- North American Title Co
Romero Ralph -- Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vora Sarju $496,056
Previous Owner Vora Sarju $501,124
Previous Owner Vora Sarju $533,850
Previous Owner Hernandez Salvador $420,000
Previous Owner Romero Ralph $652,500
Previous Owner Romero Ralph $470,000
Previous Owner Romero Ralph $305,000
Previous Owner Romero Ralph $15,000
Previous Owner Romero Ralph $227,000
Previous Owner Romero Ralph $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2016 12/09/16 Sold $770,000 -2.4% $187 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
10/06/2016 10/06/16 Price Changed $789,000 -11.3% $191 / Sq Ft
07/07/2016 07/07/16 For Sale $890,000 0.0% $216 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $890,000 -- $216 / 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 $11,821 $893,644 $429,412 $464,232
2024 $11,821 $876,123 $420,993 $455,130
2023 $11,200 $858,945 $412,739 $446,206
2022 $11,205 $842,104 $404,647 $437,457
2021 $10,902 $825,593 $396,713 $428,880
2019 $10,506 $801,108 $384,948 $416,160
2018 $10,221 $785,400 $377,400 $408,000
2016 $8,195 $643,667 $449,755 $193,912
2015 $7,985 $634,000 $443,000 $191,000
2014 $5,331 $394,821 $164,957 $229,864
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16136059

California Regional Multiple Listing Service (CRMLS)

APN: 4077-025-032