NOT LISTED FOR SALE

16816 S Western Ave Gardena, CA 90247

Estimated Value: $551,004

3 Beds
2 Baths
1,021 Sq Ft
$540/Sq Ft Est. Value

Last Sold May 02, 2014

Last sale price $275,000 $269 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,371/month

141 Days on Market

Highlights

  • Property is near public transit
  • Paved or Partially Paved Lot
  • 1-Story Property
  • No HOA

About This Home

As of May 2014

Excellent bread and butter rental property. Property consists of 2 units- one unit is 2 bedroom and 1 bath and the other unit is 1 bedroom and 1 bath. In addition there is a large separate fenced area at the rear of the property that is rented as storage space. Property is a non-conforming use. Property is zoned commercial. Total income per month is $2,000. All rents are on a month to month basis. Plenty of parking. Great cash flow for the price. Redevelopment potential. Drive by only. Do not disturb tenants!!

Last Agent to Sell the Property

MARTHA RAMIREZ

FINANCIAL BROKERS OF AMERICA License #00241050 Listed on: 08/04/2013

Last Buyer's Agent

Austin Lee

Austin S. Lee, Broker License #01479205

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,769

Year Built

  • Built in 1906

Lot Details

  • 6,495 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • No Landscaping
  • Paved or Partially Paved Lot
  • Level Lot

Interior Spaces

  • 1,021 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Uncovered Parking

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Rain Gutters
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 6106003003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $100
  • Trash Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $311
  • Gross Income $2,000
  • Net Operating Income $15,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,769

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.17
  • Other Phone Description: 562-322-4409
  • Other Phone Number: 562-818-3502
  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 6106003003
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 269.34

Exterior Features

  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Lot Features: Level, Near Public Transit, No Landscaping, Paved
  • Lot Size Sq Ft: 6495.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 2000.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6495.0000 Square Feet
  • Net Operating Income: 15468.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8532.00
  • Other Income Description: Gross income includes storage
  • Rent Control: No
  • Total Actual Rent: 2000.00

Tax Info

  • New Taxes Expense: 311.00
  • Tax Lot: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2014
Sold by
Yoon Min Sook
Bought by
Madera Lee
Current Estimated Value
$551,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,900
Outstanding Balance
$177,643
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$373,361

Purchase Details

Closed on
Nov 24, 2014
Sold by
Lomeli Aurora
Bought by
Madera Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,900
Outstanding Balance
$177,643
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$373,361

Purchase Details

Listed on
Aug 4, 2013
Closed on
Apr 23, 2014
Sold by
Yoon Moo Ah
Bought by
Yoon Min Sook
Seller's Agent
MARTHA RAMIREZ
FINANCIAL BROKERS OF AMERICA
Buyer's Agent
Austin Lee
Austin S. Lee, Broker
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Oct 2, 2013
Sold by
Gardena Auto Supply
Bought by
Yoon Min Sook

Purchase Details

Closed on
Jan 16, 1997
Sold by
Day Ralph T
Bought by
Gardena Auto Supply

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 11, 1996
Sold by
Day Ralph T
Bought by
Day Ralph T and Day Janis E
Source: Public Records

Range of Values:

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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
Madera Lee $290,000 Title 365
Madera Lee -- Title 365
Yoon Min Sook -- Ort
Yoon Min Sook $275,000 Ort
Gardena Auto Supply $200,000 Old Republic Title Company
Day Ralph T -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madera Lee $231,900
Previous Owner Gardena Auto Supply $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $275,000 -8.0% $269 / Sq Ft
12/23/2013 12/23/13 Pending -- -- --
08/04/2013 08/04/13 For Sale $299,000 -- $293 / 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 $5,769 $431,142 $240,367 $190,775
2024 $5,769 $422,689 $235,654 $187,035
2023 $5,665 $414,402 $231,034 $183,368
2022 $5,402 $406,277 $226,504 $179,773
2021 $5,377 $398,312 $222,063 $176,249
2019 $5,211 $386,500 $215,478 $171,022
2018 $5,049 $378,922 $211,253 $167,669
2016 $3,984 $294,320 $203,050 $91,270
2015 $3,918 $289,900 $200,000 $89,900
2014 -- $255,763 $191,825 $63,938
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    MARTHA RAMIREZ

    FINANCIAL BROKERS OF AMERICA

  • A

    Buyer's Agent in 2014

    Austin Lee

    Austin S. Lee, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13155762

California Regional Multiple Listing Service (CRMLS)

APN: 6106-003-003

California Los Angeles County Gardena 90247

16816 S Western Ave, Gardena, CA

This home is located at 16816 S Western Ave, Gardena, CA 90247 since 04 August 2013 and is currently estimated at $551,004, approximately $539 per square foot. This property was built in 1906. 16816 S Western Ave is a home located in Los Angeles County with nearby schools including Denker Avenue Elementary School, Robert E. Peary Middle School, and Gardena Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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