NOT LISTED FOR SALE

15122 Freeman Ave Lawndale, CA 90260

Estimated Value: $1,522,000 - $1,870,000

9 Beds
9 Baths
3,956 Sq Ft
$432/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $1,610,000 $407 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,082/month

24 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating

About This Home

As of July 2022

Prime location close to beach, school and LAX. 2002 built three individual units on a lot. All units are three bedrooms and two and one half bath. All three units have long terms tenants. Current rents are below market rent. All units have separate water, gas and electric meters. Tenants pay for their own water and trash. All three properties have tile and carpet throughout. Two units have patio area. Ideal property for investment or owner to live in one and collect rents on two units. Broker/agent does not guarantee accuracy of space footage, lot size, ordinances, zoning, rent control, permits, school district and other information concerning the condition and features of the property. Buyer/agent are advised to verify the accuracy of all information.

Last Agent to Sell the Property

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463 Listed on: 05/16/2022

Co-Listed By

FRANK FAN

TSE REALTY & MANAGEMENT SERVIC License #01951675

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463 Listed on: 05/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,377

Year Built

  • Built in 2002

Lot Details

  • 9,394 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 6 Car Garage

Home Design

  • 3,956 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 3
  • Tax Tract Number 603802
  • Assessor Parcel Number 4076007016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $3,500
  • New Taxes Expense $21,000
  • Operating Expense $24,500
  • Gross Income $91,200
  • Net Operating Income $66,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,377

Year Built

Built in 2002

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.00
  • Price Per Unit: 560000
  • Property Attached: No
  • Zoning: LNR2YY
  • Property Type: Residential Income
  • Parcel Number: 4076007016
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 406.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, No Landscaping
  • Lot Size Sq Ft: 9394.00
  • Lot Size Acres: 0.2157
  • Latitude Manual: 33.89409100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 1318 Square Feet
  • Gross Income: 91200.00
  • Gross Scheduled Income: 91200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 9394.0000 Square Feet
  • Net Operating Income: 66700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 24500.00
  • Rent Control: Yes
  • Total Expenses: 24500.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Lot: 3
  • Tax Tract Number: 603802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jul 22, 2022
Sold by
Fans International Group
Bought by
Vu Vinh T and Duong Tammy T
Seller's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
Buyer's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
List Price
$1,680,000
Sold Price
$1,610,000
Premium/Discount to List
-$70,000
-4.17%
Current Estimated Value
$1,707,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,112
Avg. Annual Appreciation
1.93%
Original Mortgage
$510,000
Outstanding Balance
$435,089
Interest Rate
4.81%
Mortgage Type
New Conventional
Estimated Equity
$1,272,023

Purchase Details

Closed on
Sep 5, 2018
Sold by
Lin Wei and Wu Jiewen
Bought by
Wei Lin Family Llc

Purchase Details

Closed on
Oct 22, 2017
Sold by
Fans International Group
Bought by
Fans International Group

Purchase Details

Listed on
Oct 8, 2016
Closed on
Nov 30, 2016
Sold by
Tran Thu Huu
Bought by
Fans International Group
Seller's Agent
Cu Tran
CQT Paradigm Goup Inc.
Buyer's Agent
FRANK FAN
TSE REALTY & MANAGEMENT SERVIC
List Price
$1,090,000
Sold Price
$1,180,000
Premium/Discount to List
$90,000
8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
May 6, 2001
Sold by
Shirazi Fakhra
Bought by
Tran Thu Huu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.24%

Purchase Details

Closed on
Sep 13, 2000
Sold by
Hussain Builders Inc
Bought by
Shirazi Fakhra

Purchase Details

Closed on
May 16, 2000
Sold by
Shirazi Fakhra
Bought by
Hussain Builders Inc

Purchase Details

Closed on
Feb 14, 2000
Sold by
Shirazi Javed
Bought by
Shirazi Fakhra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,250
Interest Rate
8.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 21, 1994
Sold by
Tran Tina Tien
Bought by
Tran Thai Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 23, 1994
Sold by
6 Angels Inc
Bought by
Tran Thai Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 14, 1994
Sold by
Robert E Weiss Inc
Bought by
Source One Mtg Services Corp and Firemans Fund Mtg Corp
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
Vu Vinh T $1,610,000 New Title Company Name
Wei Lin Family Llc -- None Available
Fans International Group -- Accommodation
Fans International Group $1,180,000 Fatcola
Tran Thu Huu $135,000 Stewart Title
Shirazi Fakhra -- --
Hussain Builders Inc -- --
Shirazi Fakhra -- Southland Title
Shirazi Fakhara $125,000 Southland Title
Tran Thai Q -- Benevest Title
Tran Thai Q $80,000 Benevest Title
Source One Mtg Services Corp $25,203 --
6 Angeles Inc $25,203 Benevest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vu Vinh T $510,000
Previous Owner Tran Thu Huu $250,000
Previous Owner Tran Thu Huu $825,000
Previous Owner Tran Thu Huu $30,000
Previous Owner Tran Thu Huu $623,000
Previous Owner Tran Thu Huu $504,000
Previous Owner Tran Thu Huu $20,000
Previous Owner Tran Thu Huu $94,500
Previous Owner Shirazi Fakhara $81,250
Previous Owner Tran Thai Q $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $1,610,000 -4.2% $407 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $1,680,000 +42.4% $425 / Sq Ft
12/21/2016 12/21/16 Sold $1,180,000 +8.3% $298 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
10/08/2016 10/08/16 For Sale $1,090,000 -- $276 / 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 $21,377 $1,675,044 $988,380 $686,664
2024 $21,377 $1,642,200 $969,000 $673,200
2023 $20,214 $1,610,000 $950,000 $660,000
2022 $16,643 $1,279,477 $536,100 $743,377
2021 $16,209 $1,268,167 $534,247 $733,920
2019 $13,542 $1,041,804 $601,715 $440,089
2018 $13,262 $1,021,377 $589,917 $431,460
2016 $8,313 $634,099 $168,465 $465,634
2015 $8,103 $624,575 $165,935 $458,640
2014 $8,059 $612,341 $162,685 $449,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22103500

California Regional Multiple Listing Service (CRMLS)

APN: 4076-007-016