NOT LISTED FOR SALE

Estimated Value: $1,074,000 - $1,248,000

5 Beds
3 Baths
2,726 Sq Ft
$426/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $740,000 $271 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,040/month

5 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace
  • Haskell Stem Academy Rated A-

About This Home

As of March 2018

NEW LISTING >>>Great investment ! 3 large units in east Lakewood. Two units are 2 bed/1 bath, third unit is 1 bed/1bath. 49000 yearly income .Near to Los Cerritos Shopping Center, restaurants, supermarkets, and other businesses. Close to 605 and 91 fwy , . Motivated seller.

Last Agent to Sell the Property

Daniel Garcia

Odyssey Realty Group License #01290885 Listed on: 03/07/2018

Last Buyer's Agent

Daniel Garcia

Odyssey Realty Group License #01290885 Listed on: 03/07/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,238

Year Built

  • Built in 1979

Lot Details

  • 5,957 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Stucco

Interior Spaces

  • 2,726 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 555
  • Assessor Parcel Number 7059022005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,150
  • Trash Expense $1,440
  • Water Sewer Expense $1,380
  • New Taxes Expense $9,062
  • Operating Expense $3,180
  • Gross Income $49,200
  • Net Operating Income $46,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,238

Year Built

Built in 1979

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 241000
  • Property Attached: No
  • Subdivision Name Other: East Lakewood (ELK)
  • Water Sewer Expenses: 1380.00
  • Zoning: LKMFR*
  • Property Type: Residential Income
  • Parcel Number: 7059022005
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 271.46

Exterior Features

  • Pool Private: No
  • Roof: Other
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 100 * 60
  • Lot Size Sq Ft: 5957.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1150.00
  • Net Operating Income: 46020.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 3180.00
  • Rent Control: No
  • Total Actual Rent: 4100.00
  • Total Expenses: 3180.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9062.00
  • Tax Census Tract: 5550.01
  • Tax Lot: 20
  • Tax Tract Number: 555.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2018
Sold by
Liu Nan and Chan Hiu F
Bought by
Liu Nan
Current Estimated Value
$1,161,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 7, 2018
Closed on
Mar 20, 2018
Sold by
Mora Maria Guadalupe and Mora Javier
Bought by
Liu Nan
Seller's Agent
Daniel Garcia
Odyssey Realty Group
Buyer's Agent
Daniel Garcia
Odyssey Realty Group
List Price
$748,888
Sold Price
$740,000
Premium/Discount to List
-$8,888
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Apr 29, 2006
Sold by
Raya Jose
Bought by
Mora Javier and Mora Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1.49%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 6, 2005
Sold by
Raya Jose and Raya Alejandro
Bought by
Raya Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Liu Nan -- Progressive Title
Liu Nan $740,000 Ticor Title
Mora Javier $750,000 Transunion Title & Escrow Of
Raya Jose -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Nan $428,000
Closed Liu Nan $444,000
Previous Owner Mora Javier $600,000
Previous Owner Raya Jose $47,200
Previous Owner Raya Jose $500,000
Previous Owner Raya Jose $428,250
Previous Owner Raya Jose $324,237
Previous Owner Raya Jose $319,446
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2018 03/23/18 Sold $740,000 -1.2% $271 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $748,888 -- $275 / 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 $10,238 $832,885 $455,130 $377,755
2024 $10,238 $816,555 $446,206 $370,349
2023 $9,910 $800,545 $437,457 $363,088
2022 $9,764 $784,849 $428,880 $355,969
2021 $9,534 $769,461 $420,471 $348,990
2020 $9,458 $761,572 $416,160 $345,412
2019 $9,319 $746,640 $459,000 $287,640
2018 $8,570 $720,000 $304,600 $415,400
2016 $6,911 $570,000 $241,200 $328,800
2015 $6,593 $540,000 $228,500 $311,500
2014 $5,618 $450,000 $190,400 $259,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18053196

California Regional Multiple Listing Service (CRMLS)

APN: 7059-022-005