NOT LISTED FOR SALE

1637 E Palm Ave El Segundo, CA 90245

Estimated Value: $2,184,000 - $3,328,800

9 Beds
4 Baths
3,399 Sq Ft
$774/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $1,610,000 $474 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $16,025/month

2 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • 5-minute walk to Freedom Park
  • Center Street Elementary Rated A+
  • Wall Furnace

About This Home

As of April 2016

Great location convenient to the beach, LAX (but not too close) and freeways. The three downstairs units each have a nice size private yard and the one unit upstairs has a large enclosed patio. Two of the units have refinished hardwood floors and one has new laminate flooring; the fourth unit has carpet covering the original hardwood floor. All four units have washer/dryer hook-ups in the units. The building was recently painted. There are two two-car garages so each unit has one garage space and there is ample room in front of the garage doors for each unit to have an additional off-street parking spot.

Last Agent to Sell the Property

Sue Vickers

The Realestate Group License #935299 Listed on: 03/15/2016

Co-Listed By

Kayvon Shahir

RE/MAX ONE License #01746075

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,338 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,399 Sq Ft Home
  • Property Attached
  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Gas Cooktop
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 21603
  • Assessor Parcel Number 4139018034

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,663
  • Water Sewer Expense $1,920
  • New Taxes Expense $20,125
  • Operating Expense $25,833
  • Gross Income $7,575
  • Net Operating Income $70,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 4139018034
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Wood
  • Appliances: Yes
  • Price Per Square Foot: 473.67

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8338.00
  • Price Per Lot Square Foot: 193.09
  • Lot Size Acres: 0.1910

Multi Family

  • Gross Income: 7575.00
  • Gross Scheduled Income: 90900.00
  • Insurance Expense: 2663.00
  • Lot Size Area: 8338.0000 Square Feet
  • Net Operating Income: 70600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20300.00
  • Rent Control: No
  • Total Expenses: 25833.00

Tax Info

  • New Taxes Expense: 20125.00
  • Tax Lot: 25
  • Tax Tract Number: 21603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2017
Sold by
Palm Ave Surf City
Bought by
1637 E Palm Ave Llc
Current Estimated Value
$2,631,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,463,000
Outstanding Balance
$1,193,979
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,437,721

Purchase Details

Listed on
Mar 15, 2016
Closed on
Apr 8, 2016
Sold by
Ocw Properties Inc
Bought by
Palm Ave Surf City Llc
Seller's Agent
Sue Vickers
The Realestate Group
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,610,000
Sold Price
$1,610,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$1,200,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2007
Sold by
Gillig Gerald A and Gillig Catharina E
Bought by
Ocw Properties

Purchase Details

Closed on
Dec 29, 2005
Sold by
Wiley Richard
Bought by
Gillig James Albert

Purchase Details

Closed on
Jul 27, 2004
Sold by
Gillig Gerald Anthony
Bought by
Gillig Gerald A

Purchase Details

Closed on
Feb 25, 2004
Sold by
Gillig Gerald Anthony and The Gillig Family Trust
Bought by
Gillig Gerald Anthony

Purchase Details

Closed on
Dec 7, 1994
Sold by
Gillig Howard Leo and The Gillig Family Trust
Bought by
Gillig Howard Leo and The Gillig Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1637 E Palm Ave Llc $2,090,000 Usa National Title Company
Palm Ave Surf City Llc $1,610,000 Fatcola
Ocw Properties $1,195,000 Fidelity National Title Co
Gillig James Albert $375,000 None Available
Gillig Gerald A -- --
Gillig Gerald Anthony -- --
Gillig Howard Leo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1637 E Palm Ave Llc $1,463,000
Previous Owner Palm Ave Surf City Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2016 04/27/16 Sold $1,610,000 0.0% $474 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $1,610,000 -- $474 / 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 $26,846 $2,425,619 $1,265,035 $1,160,584
2024 $26,846 $2,378,059 $1,240,231 $1,137,828
2023 $26,134 $2,331,431 $1,215,913 $1,115,518
2022 $26,422 $2,285,718 $1,192,072 $1,093,646
2021 $26,061 $2,240,901 $1,168,699 $1,072,202
2019 $25,172 $2,174,436 $1,134,036 $1,040,400
2018 $23,622 $2,131,800 $1,111,800 $1,020,000
2016 $14,962 $1,325,944 $887,662 $438,282
2015 $14,776 $1,306,028 $874,329 $431,699
2014 $14,472 $1,280,446 $857,203 $423,243
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sue Vickers

    The Realestate Group

  • K

    Seller Co-Listing Agent in 2016

    Kayvon Shahir

    RE/MAX

  • Woody Stahl

    Buyer's Agent in 2016

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    11 in this area

    152 Total Sales

    Woody Stahl
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16054903

California Regional Multiple Listing Service (CRMLS)

APN: 4139-018-034

California Los Angeles County El Segundo 90245

1637 E Palm Ave, El Segundo, CA

Not Listed for Sale

MultiFamily

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