NOT LISTED FOR SALE

Estimated Value: $1,220,000 - $1,453,000

9 Beds
6 Baths
3,909 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2022

Last sale price $1,335,000 $342 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,957 / mo

14 Days on Market

About This Home

As of May 2022

16609 S Denver Ave is a well-positioned 4-Unit building in Gardena. Built in 1965, the 3,909 SF building sits on a 5,649 SF lot, and features (1) 3-bed/2-bath units, (1) 2-bed/1.5-bath units, and (2) 2-Bed/1-Bath Units. The property also includes a total of 8 parking spaces, a gated driveway, on-site laundry, and a private back yard.

Given the ideal location just east of the 110 Freeway, this is a great opportunity for any Los Angeles CRE investor to maximize their income stream.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 03/03/2022

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,649 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Property Attached

Interior Spaces

  • 3,909 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 24318
  • Assessor Parcel Number 6121004008
  • $944 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,564
  • Maintenance Expense $2,979
  • Other Expense $3,200
  • New Taxes Expense $17,388
  • Operating Expense $26,280
  • Gross Income $99,288
  • Net Operating Income $70,029

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

5,649 Sq Ft Lot

Listing Details

  • CapRate: 5.02
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6121004008
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 341.52

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5649.00
  • Lot Size Acres: 0.1297

Multi Family

  • Gross Income: 99288.00
  • Gross Scheduled Income: 99288.00
  • Insurance Expense: 1564.00
  • Lot Size Area: 5649.0000 Square Feet
  • Maintenance Expense: 2979.00
  • Net Operating Income: 70029.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 26280.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 8274.00
  • Total Expenses: 26280.00

Tax Info

  • New Taxes Expense: 17388.00
  • Tax Census Tract: 2912.20
  • Tax Lot: 8
  • Tax Tract Number: 24318
  • TaxOtherAnnualAssessmentAmount: 944.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2026
Sold by
Bought by
Current Estimated Value
$1,378,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,143,750
Outstanding Balance
$1,143,750
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$234,617

Purchase Details

Listed on
Mar 3, 2022
Closed on
Mar 30, 2022
Sold by
Bought by
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,395,000
Sold Price
$1,335,000
Premium/Discount to List
-$60,000
-4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.78%
Original Mortgage
$1,134,750
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 16, 2017
Sold by
Bought by
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Craig Hsu
Buckingham Investments, Inc
List Price
$795,000
Sold Price
$795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$599,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 10, 2017
Sold by
Bought by
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Craig Hsu
Buckingham Investments, Inc
List Price
$795,000
Sold Price
$795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2014
Sold by
Bought by

Purchase Details

Listed on
Aug 23, 2013
Closed on
Oct 23, 2013
Sold by
Bought by
Seller's Agent
Angelica Suarez
Estate Properties
Buyer's Agent
Angelica Suarez
Estate Properties
List Price
$559,000
Sold Price
$540,000
Premium/Discount to List
-$19,000
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$405,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2013
Closed on
Oct 3, 2013
Sold by
Bought by
Seller's Agent
Angelica Suarez
Estate Properties
Buyer's Agent
Angelica Suarez
Estate Properties
List Price
$559,000
Sold Price
$540,000
Premium/Discount to List
-$19,000
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
8.09%

Purchase Details

Closed on
Aug 5, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
8.09%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,140
Interest Rate
7.59%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.88%

Purchase Details

Closed on
Nov 17, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Amt Title Services
$1,330,454 Chicago Title
-- None Available
$799,000 Fidelity National Title
-- Pacific Coast Title Company
-- Pacific Coast Title Company
-- Pacific Coast Title Company
-- Accommodation
-- Lawyers Title
-- None Available
-- First American Title Ins Co
$540,000 First American Title Ins Co
$374,744 Landsafe Title
-- Provident Title
$175,000 Provident Title
-- --
$318,553 First American Title Ins Co
$300,000 Chicago Title Company
$170,000 Chicago Title Co
$179,921 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,143,750
Previous Owner $1,134,750
Previous Owner $599,250
Previous Owner $535,000
Previous Owner $535,000
Previous Owner $405,000
Previous Owner $131,250
Previous Owner $287,140
Previous Owner $165,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $1,335,000 -4.3% $342 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $1,395,000 +75.5% $357 / Sq Ft
06/07/2017 06/07/17 Sold $795,000 0.0% $203 / Sq Ft View Prior Sale
05/08/2017 05/08/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $795,000 +47.2% $203 / Sq Ft
11/27/2013 11/27/13 Sold $540,000 -3.4% $138 / Sq Ft View Prior Sale
09/22/2013 09/22/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $559,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,895 $1,416,711 $637,785 $778,926
2024 $17,673 $1,388,933 $625,280 $763,653
2023 $17,333 $1,361,700 $613,020 $748,680
2022 $11,167 $873,819 $382,774 $491,045
2021 $11,011 $856,686 $375,269 $481,417
2019 $10,690 $831,279 $364,140 $467,139
2018 $10,566 $814,980 $357,000 $457,980
2016 $7,402 $559,187 $300,304 $258,883
2015 $7,291 $550,789 $295,794 $254,995
2014 $7,324 $540,000 $290,000 $250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22041641

California Regional Multiple Listing Service (CRMLS)

APN: 6121-004-008

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