1625 E Palm Ave El Segundo, CA 90245
Estimated Value: $2,113,000 - $2,607,000
7
Beds
4
Baths
6,798
Sq Ft
$346/Sq Ft
Est. Value
Highlights
- 0.37 Acre Lot
- Laundry Room
- Back Yard
- Center Street Elementary Rated A+
- Stacked Washer and Dryer
- 1-minute walk to Washington Park
About This Home
As of December 20184% CAP and 16.97 GRM! Two beautifully remodeled four-unit buildings (1625 - 1627 E Palm Ave) one block from Pacific Coast Highway and walking distance to El Segundo’s Smoky Hollow district. Both FOURPLEX apartments have their own APN allowing them to be bought/sold together or separately. Each building contains an identical unit mix of three 2 BED 1 BATH and one 3 BED 1.75 BATH for a total of eight units. Additionally, four out of the six 2 BED 1 BATH AND BOTH 3 BED 1.75 BATH come with a large, private yards that are immaculately landscaped and two of the 2 bed 1 baths come with a large private deck. Each unit comes with brand new stainless-steel appliances including: FRIDGE, OVEN/RANGE, MICROWAVE AND DISHWASHER. They also include a BRAND-NEW WASHER AND DRYER in each unit! All eight units are assigned a driveway parking space AND a shared enclosed garage parking spot with brand new automatic modern garage doors. The interiors include BRAND NEW: Shaker white cabinets in the kitchen and bathrooms, grey quartz counters, tile floors in the bathrooms, stylish wood laminate floors throughout, new tub and wall tile, recessed lighting, new fixtures and SMOOTH CEILINGS throughout! The exterior received a fresh and modern make over with NEW: SMOOTH STUCCO, ROOF, COPPER PLUMBING, RAILINGS, INTERIOR DRAINS LINES AND SOME MAIN LINES, DOORS & WINDOWS (some newer than others), 1625 side has brand new electrical sub panels and main service panel, GARAGE DOORS AND NEW LANDSCAPING!
Last Agent to Sell the Property
Bohlinger Properties, Inc. License #01522061 Listed on: 08/24/2018
Last Buyer's Agent
GAYNELL WIGINGTON
Elite Class Realty License #01220629
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,231
Year Built
- Built in 1955
Lot Details
- 0.37 Acre Lot
- Two or More Common Walls
- Sprinkler System
- Back Yard
- 4139018028
Parking
- 8 Open Parking Spaces
- 8 Car Garage
Home Design
- 6,798 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 21603
- Assessor Parcel Number 4139018027
Community Details
Overview
- 2 Buildings
- 8 Units
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $335
- Gardener Expense $1,800
- Insurance Expense $4,027
- Maintenance Expense $3,992
- Other Expense $1,600
- Pest Control $504
- Professional Management Expense $14,215
- Water Sewer Expense $3,217
- New Taxes Expense $55,727
- Operating Expense $85,514
- Gross Income $284,307
- Net Operating Income $198,793
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2018
Closed on
Dec 4, 2018
Sold by
Palm Es Llc
Bought by
1625 E Palm Ave Llc
Seller's Agent
Bryan Bohlinger
Bohlinger Properties, Inc.
Buyer's Agent
GAYNELL WIGINGTON
Elite Class Realty
List Price
$5,200,000
Sold Price
$4,900,000
Premium/Discount to List
-$300,000
-5.77%
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
-$2,546,000
Avg. Annual Appreciation
-8.06%
Purchase Details
Listed on
Jul 11, 2016
Closed on
Sep 22, 2016
Sold by
Shire Lucretia
Bought by
Palm Es Llc
Seller's Agent
Steffan Braunlich
Berkadia
Buyer's Agent
Steffan Braunlich
Berkadia
List Price
$1,688,000
Sold Price
$1,585,000
Premium/Discount to List
-$103,000
-6.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.14%
Original Mortgage
$1,400,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 25, 2016
Sold by
Witherington Walter Whitfield
Bought by
Shire Lucretia
Purchase Details
Closed on
Jul 12, 2010
Sold by
Shire Lucretia Leigh and Lucretia Leigh Shire Trust
Bought by
Witherington Walter W and Walter Whitfield Witherington Jr Trust
Purchase Details
Closed on
Oct 23, 1996
Sold by
Shire Lucretia Leigh
Bought by
Shire Lucretia Leigh and Lucretia Leigh Shire Trust
Purchase Details
Closed on
May 15, 1996
Sold by
Witherington Walter W
Bought by
Witherington Walter Whitfield and Walter Whitfield Witherington Jr Trust
Purchase Details
Closed on
Mar 13, 1996
Sold by
Witherington Walter W
Bought by
Witherington Walter W and Shire Lucretia Leigh
Similar Home in El Segundo, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1625 E Palm Ave Llc | $4,900,000 | First American Title Company | |
| Palm Es Llc | $1,585,000 | First American Title Company | |
| Witherington Walter W | $510,000 | Provident Title Company | |
| Shire Lucretia Leigh | -- | -- | |
| Witherington Walter Whitfield | -- | -- | |
| Witherington Walter W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1625 E Palm Ave Llc | $1,225,000 | |
| Previous Owner | Palmes Llc | $2,925,000 | |
| Previous Owner | Palm Es Llc | $1,400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2018 12/31/18 | Sold | $4,900,000 | -1.5% | $721 / Sq Ft |
| 11/09/2018 11/09/18 | Pending | -- | -- | -- |
| 10/24/2018 10/24/18 | Price Changed | $4,975,000 | -3.4% | $732 / Sq Ft |
| 09/13/2018 09/13/18 | Price Changed | $5,150,000 | -1.0% | $758 / Sq Ft |
| 08/24/2018 08/24/18 | For Sale | $5,200,000 | +228.1% | $765 / Sq Ft |
| 09/29/2016 09/29/16 | Sold | $1,585,000 | -6.1% | $466 / Sq Ft |
| 07/11/2016 07/11/16 | For Sale | $1,688,000 | -- | $497 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $30,231 | $2,679,430 | $1,312,373 | $1,367,057 |
| 2023 | $29,428 | $2,626,893 | $1,286,641 | $1,340,252 |
| 2022 | $29,754 | $2,575,386 | $1,261,413 | $1,313,973 |
| 2021 | $29,347 | $2,524,889 | $1,236,680 | $1,288,209 |
| 2019 | $28,345 | $2,450,000 | $1,200,000 | $1,250,000 |
| 2018 | $18,001 | $1,616,700 | $1,065,900 | $550,800 |
| 2016 | $6,371 | $548,677 | $368,457 | $180,220 |
| 2015 | $6,294 | $540,436 | $362,923 | $177,513 |
| 2014 | $6,188 | $529,850 | $355,814 | $174,036 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Bohlinger
B
Seller's Agent in 2018
Bryan Bohlinger
Bohlinger Properties, Inc.
(310) 505-6815
-
Braden Bohlinger
B
Seller Co-Listing Agent in 2018
Braden Bohlinger
Bohlinger Properties, Inc.
(310) 505-5374
1 Total Sale
-
Buyer's Agent in 2018
GAYNELL WIGINGTON
Elite Class Realty
-
M
Buyer Co-Listing Agent in 2018
MARIA TERESA ISAZA
Elite Class Realty
-
Steffan Braunlich
Seller's Agent in 2016
Steffan Braunlich
Berkadia
(310) 209-3209
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18205079
APN: 4139-018-027
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