NOT LISTED FOR SALE

16317 S Menlo Ave Gardena, CA 90247

Harbor Gateway Neighborhood

Estimated Value: $1,170,000 - $1,267,000

3 Beds
2 Baths
2,722 Sq Ft
$449/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $765,000 $281 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,304/month

112 Days on Market

About This Home

As of February 2020

Fully Occupied Cash Flowing Gardena Fourplex with Upside! The property is comprised of three buildings, one duplex, and two 1 bed 1 bath single family homes. All the buildings are located on the same lot and have small yards and off street parking. The tenants are all paying below market rents and are on month to month leases. There is significant upside for an investor who wants to make improvements to the properties and raise rents. The property is located a short walking distance from shopping, dinning as well as public transportation. The property is also centrally located to a number of freeways. This is truly a unique property with tremendous upside!

Last Agent to Sell the Property

Matthew Hopkins

Citivest Inc License #01819074 Listed on: 06/05/2019

Last Buyer's Agent

Andres Rodriguez

Realty One Group Homelink License #01957383

Realty One Group Homelink

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,789

Year Built

  • Built in 1961

Lot Details

  • 6,272 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Interior Spaces

  • 2,722 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 35
  • Tax Tract Number 2912
  • Assessor Parcel Number 6120018036

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,500
  • Maintenance Expense $4,500
  • Trash Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $9,600
  • Operating Expense $21,600
  • Gross Income $48,204
  • Net Operating Income $26,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,789

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6120018036
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 281.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6272.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 48204.00
  • Gross Scheduled Income: 48204.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6272.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 26604.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 21600.00
  • Rent Control: No
  • Total Expenses: 21600.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Lot: 35
  • Tax Tract Number: 2912

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Jan 29, 2020
Sold by
Lopez Andy Nieves
Bought by
Nieves Morales Laura Lucero
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Andres Rodriguez
Realty One Group Homelink
List Price
$799,900
Sold Price
$765,000
Premium/Discount to List
-$34,900
-4.36%
Current Estimated Value
$1,221,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,333
Avg. Annual Appreciation
8.51%
Original Mortgage
$612,000
Outstanding Balance
$542,910
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$678,423

Purchase Details

Closed on
Nov 13, 2019
Sold by
Hennegan Lillian H
Bought by
2005 Residential Trust 3 2 and Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
Jul 10, 2019
Sold by
2005 Residential Trust 3 2
Bought by
Irbc 2 Properties Llc

Purchase Details

Closed on
Dec 26, 2018
Sold by
Hennegan Lillian H
Bought by
Wilmington Savings Fund Society Fsb and Residential Trust 3 2

Purchase Details

Closed on
May 15, 2015
Sold by
Winkler Mark Stephen and Winkler Ilona Felicia
Bought by
Tahiti Quad Trust and Winkler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 5, 2001
Sold by
Bankers Trust Company
Bought by
Hennegan Lillian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.84%

Purchase Details

Closed on
Jun 28, 2000
Sold by
Santarina Annrea A and Vicente Anthony B
Bought by
Bankers Trust Company

Purchase Details

Closed on
Dec 5, 1997
Sold by
Hernandez Jesus and Hernandez Aurora
Bought by
Santarina Annrea A and Vicente Anthony B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
6.99%
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
Nieves Morales Laura Lucero -- Ticor Title
2005 Residential Trust 3 2 $188,534 Accommodation
Irbc 2 Properties Llc -- Ticor Ttl Orange Cnty Branch
Wilmington Savings Fund Society Fsb $188,534 Accommodation
Tahiti Quad Trust -- None Listed On Document
Winkler Mark Stephen -- None Listed On Document
Hennegan Lillian H $255,000 First American Title Ins Co
Bankers Trust Company $182,534 First Southwestern Title
Santarina Annrea A $182,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nieves Morales Laura Lucero $612,000
Previous Owner Winkler Mark Stephen $75,000
Previous Owner Hennegan Lillian H $204,000
Previous Owner Santarina Annrea A $164,250
Closed Hennegan Lillian H $25,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2020 02/03/20 Sold $765,000 -4.4% $281 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $799,900 -- $294 / 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 $10,789 $836,634 $464,798 $371,836
2024 $10,789 $820,231 $455,685 $364,546
2023 $10,584 $804,149 $446,750 $357,399
2022 $10,111 $788,383 $437,991 $350,392
2021 $9,976 $772,925 $429,403 $343,522
2020 $10,489 $800,000 $440,000 $360,000
2019 $10,390 $810,000 $460,000 $350,000
2018 $4,749 $331,067 $201,238 $129,829
2016 $4,518 $318,214 $193,425 $124,789
2015 $4,450 $313,435 $190,520 $122,915
2014 $4,477 $307,296 $186,788 $120,508
Source: Public Records

Agents Affiliated with this Home

  • Matthew Hopkins

    Seller's Agent in 2020

    Matthew Hopkins

    Citivest Inc

    (800) 819-9347

    1 in this area

    38 Total Sales

    Matthew Hopkins
    Section Image

  • A

    Buyer's Agent in 2020

    Andres Rodriguez

    Realty One Group Homelink

    (562) 216-1000

    3 Total Sales

    Andres Rodriguez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19131697

California Regional Multiple Listing Service (CRMLS)

APN: 6120-018-036

California Los Angeles County Gardena 90247 Harbor Gateway

16317 S Menlo Ave, Gardena, CA

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