NOT LISTED FOR SALE

1612 W 146th St Unit A Gardena, CA 90247

Estimated Value: $679,000 - $4,125,497

6 Beds
4 Baths
11,000 Sq Ft
$182/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $2,300,000 $209 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $10,958/month

1,285 Days on Market

Highlights

  • Spa
  • 0.58 Acre Lot
  • Cathedral Ceiling
  • Gated Parking
  • Fireplace in Primary Bedroom
  • End Unit

About This Home

As of April 2016

5% Cap Rate, No Rent Control. Built in 2008. 6 townhouse style units deeded and taxed separately. In today's market units comp at $425,000 each. Contact listing agent for comp analysis. Appreciation based on Residential Market as well as rent increases. Modern contemporary architecture. Spacious interiors include 10' tall ceilings with large skylights. Designer kitchens include solid maple cabinets, modern appliances, granite counters, and full height back splashes. Master bedroom includes a walk-in closet, gas fireplace and private patio. Masterbath includes stoned tiled shower walls, soothing spa tub, skylight and granite cabinet counters. Laundry room on the same level as the bedrooms. Tank less water heaters and plumbed for future AC. Additional private patio downstairs. Attached garage with additional parking. All town homes are end units with only one common wall. Security gates. We have CC&R's for HOA and are taxed and deeded separately. Buy as multifamily now. Sell later as individual units. Market peaked at $500k in 2007 for homes like these. Collect $170,000 a year in rents now. Units are well maintained. Must do a drive by. Investors delight. Perfect for 1031 tax exchange and trust purchases.

Last Agent to Sell the Property

Rick Thomas

Merit Real Estate License #00761763 Listed on: 07/17/2013

Last Buyer's Agent

Sue Freeman

Re/Max Execs Redondo Beach License #00912308

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,662

Year Built

  • Built in 2008

Lot Details

  • 0.58 Acre Lot
  • End Unit

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 11,000 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Sliding Doors
  • Living Room
  • Storage
  • Utility Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 4 Bathrooms
  • Spa Bath

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Spa

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 28
  • Tax Tract Number 62673
  • Assessor Parcel Number 6103031069

Community Details

Overview

  • Property has a Home Owners Association
  • Master Insurance
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $500
  • Gardener Expense $1,400
  • Insurance Expense $3,500
  • Maintenance Expense $6,000
  • Professional Management Expense $4,400
  • Trash Expense $2,600
  • New Taxes Expense $27,000
  • Operating Expense $45,400
  • Gross Income $170,400
  • Net Operating Income $125,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,662

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Inclusions: Stove, Oven, Dishwasher. No warranties.
  • Other Phone Description: 310-291-1900
  • Other Phone Number: text
  • Professional Management Expense: 4400.00
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • View: Yes
  • Zoning: gar3
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 6103031069
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Copper Plumbing Full, High Ceilings, Storage
  • Common Walls: End Unit
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 209.09
  • Room Type: All Bedrooms Up, Living Room, Master Bedroom, Walk-In Closet, Utility Room
  • Spa Features: Bath
  • Window Features: Skylight(s)

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Drywall Walls, Frame, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Tankless Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Trash Expense: 2600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Trash
  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 25344.00
  • Price Per Lot Square Foot: 90.75
  • Lot Size Acres: 0.5820

Rental Info

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

Multi Family

  • Average3 Bed Area: 1847
  • Electric Expense: 500.00
  • Gross Income: 170400.00
  • Gross Operating Income: 170400.00
  • Gross Scheduled Income: 170400.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 25344.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 125000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Patio: 6
  • Operating Expense: 45400.00
  • Rent Control: No
  • Total Actual Rent: 170400.00
  • Total Expenses: 45400.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Area: LA
  • Tax Lot: 28
  • Tax Tract Number: 62673

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2013
Closed on
Feb 9, 2016
Sold by
West 146Th St Llc
Bought by
George Behnam & Samia T Behman Revocable
Seller's Agent
Rick Thomas
Merit Real Estate
Buyer's Agent
Sue Freeman
Re/Max Execs Redondo Beach
List Price
$2,199,000
Sold Price
$2,300,000
Premium/Discount to List
$101,000
4.59%
Current Estimated Value
$1,999,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$300,626
Avg. Annual Appreciation
-1.45%
Original Mortgage
$1,495,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
George Behnam & Samia T Behman Revocable $2,300,000 Progressive
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner George Behnam & Samia T Behman Revocable $1,495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2016 04/01/16 Sold $2,300,000 +4.6% $209 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
08/17/2012 08/17/12 For Sale $2,199,000 -- $200 / 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 $5,662 $453,780 $171,647 $282,133
2024 $5,662 $444,883 $168,282 $276,601
2023 $5,562 $436,161 $164,983 $271,178
2022 $5,286 $427,610 $161,749 $265,861
2021 $5,224 $419,227 $158,578 $260,649
2020 $5,266 $414,929 $156,952 $257,977
2019 $5,055 $406,794 $153,875 $252,919
2018 $4,964 $398,818 $150,858 $247,960
2016 $5,038 $408,490 $140,393 $268,097
2015 $4,612 $373,000 $128,300 $244,700
2014 $4,068 $314,000 $108,000 $206,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12103132

California Regional Multiple Listing Service (CRMLS)

APN: 6103-031-069