NOT LISTED FOR SALE

Estimated Value: $681,000 - $2,423,000

5 Beds
4 Baths
7,681 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $2,600,000 $338 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $8,703/month

21 Days on Market

Highlights

  • Gated Community
  • Neighborhood Views
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Ceiling Fan

About This Home

As of July 2024

We are pleased to introduce 1620 West 209th ST the marketplace. This exquisite 8 unit multifamily building consists of 8 condominium units (8 individual APN numbers) all condominium units are separately metered for gas and electric. The asset is comprised of 5, 3 bedroom x 2 bathroom units with 3, 2 bedroom x 2 bathroom units. Amenities include gated access, onsite laundry, covered and uncovered parking (16 parking spaces in total) on-site laundry, security doors, and private balconies with select units. Located in close proximity to Parks, Schools, Restaurants, Coffee shops, the 110 and 405 interchange, providing residents with easy access to major employment centers throughout the South Bay.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 05/31/2024

Last Buyer's Agent

Keiko Shibanai

EXP REALTY OF CALIFORNIA INC License #01938133

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,448

Year Built

  • Built in 1988

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Block Wall Fence
  • Level Lot
  • 7349-002-038,7349-002-039,7349-002-040,7349-002-041,7349-002-042,7349-002-043,7349-002-044

Home Design

  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 7,681 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 13 Open Parking Spaces
  • 16 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7349
  • Tax Tract Number 292
  • Assessor Parcel Number 7349002037

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $69,190
  • Gross Income $214,956
  • Net Operating Income $139,318

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,448

Year Built

Built in 1988

Lot Details

0

Listing Details

  • CapRate: 5.35
  • Property Attached: Yes
  • Road Frontage Type: Access Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7349002037
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 338.50

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 13.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 7349-002-038,7349-002-039,7349-002-040,7349-002-041,7349-002-042,7349-002-043,7349-002-044
  • Land Lease: No
  • Lot Features: Level, Walkstreet
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600
  • Latitude Manual: 33.84047200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 810 Square Feet
  • Average3 Bed Area: 1050 Square Feet
  • Gross Income: 214956.00
  • Gross Multiplier: 12.00
  • Gross Operating Income: 208508.00
  • Gross Scheduled Income: 214956.00
  • Lot Size Area: 11326.0000 Square Feet
  • Net Operating Income: 139318.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 69190.00
  • Rent Control: No
  • Total Expenses: 69190.00

Tax Info

  • Tax Lot: 7349
  • Tax Tract Number: 292...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Yoshimei Co Ltd
Bought by
Morikawa Industries Corporation
Current Estimated Value
$1,591,784

Purchase Details

Listed on
Sep 10, 2015
Closed on
Feb 8, 2016
Sold by
Zhang Chelsea
Bought by
Balzan Llc
Seller's Agent
Behnam Kanani
United Real Estate Professionals
Buyer's Agent
Michael Gelfond
Bedford Properties
List Price
$1,877,000
Sold Price
$1,838,000
Premium/Discount to List
-$39,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.47%
Original Mortgage
$940,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 19, 2015
Closed on
Jul 24, 2015
Sold by
W 209Th Street Llc
Bought by
Zhang Chao
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Joshua Cohen
Keller Williams South Bay
List Price
$1,750,000
Sold Price
$1,740,000
Premium/Discount to List
-$10,000
-0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$900,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2005
Sold by
209Th St W
Bought by
W 209Th Street Llc
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
Morikawa Industries Corporation -- None Listed On Document
Balzan Llc $1,838,000 Fidelity National Title
Zhang Chao $1,740,000 Fidelity Sherman Oaks
W 209Th Street Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balzan Llc $940,000
Previous Owner Zhang Chao $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $2,600,000 0.0% $338 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $2,600,000 +41.5% $338 / Sq Ft
02/22/2016 02/22/16 Sold $1,838,000 -2.1% $239 / Sq Ft View Prior Sale
12/11/2015 12/11/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $1,877,000 +7.9% $245 / Sq Ft
08/03/2015 08/03/15 Sold $1,740,000 -0.6% $227 / Sq Ft View Prior Sale
06/11/2015 06/11/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $1,750,000 -- $228 / 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 $4,448 $360,000 $200,000 $160,000
2024 $4,448 $344,687 $168,282 $176,405
2023 $4,363 $337,930 $164,983 $172,947
2022 $4,162 $331,305 $161,749 $169,556
2021 $4,106 $324,810 $158,578 $166,232
2019 $3,984 $315,177 $153,875 $161,302
2018 $3,946 $308,998 $150,858 $158,140
2016 $3,477 $278,600 $112,000 $166,600
2015 $1,397 $104,431 $30,862 $73,569
2014 $1,714 $102,386 $30,258 $72,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24103827

California Regional Multiple Listing Service (CRMLS)

APN: 7349-002-037