NOT LISTED FOR SALE

Estimated Value: $921,000 - $1,084,000

3 Beds
1 Bath
1,768 Sq Ft
$567/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $555,000 $314 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,969/month

323 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Double Pane Windows
  • Traditional Architecture
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of May 2016

One unit is Facing 220th St and second unit is facing Normandie Ave. Each unit has 3 bedrooms and one bath. New roof, new Vynil windows, new exterior paint. 220th Street unit electrical system was upgraded a couple of years ago. Each unit has plenty of front yard and back yard. Each unit has its own one car garage plus parking in driveway. Normandie unit has parking space for up to 4 cars.
This property is just minutes away from Del Amo mall, major grocery stores and the 110 freeway.

Last Agent to Sell the Property

Alfonso Sanchez

Las Lomas Realty Inc. License #01223250 Listed on: 05/28/2015

Last Buyer's Agent

Vivian Chen

General Realty and Investment License #01160237

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,375

Year Built

  • Built in 1954

Lot Details

  • 9,364 Sq Ft Lot
  • No Units Above
  • No Common Walls
  • Chain Link Fence
  • Back Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Screens

Kitchen

  • Gas Cooktop
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • More Than Two Accessible Exits

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Two Homes on a Lot
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 026
  • Tax Tract Number 123
  • Assessor Parcel Number 7346007026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $8,437
  • Gross Income $2,900
  • Net Operating Income $32,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,375

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: r2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7346007026
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 313.91
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9364.00
  • Price Per Lot Square Foot: 59.27
  • Lot Size Acres: 0.2150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 33480.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 9364.0000 Square Feet
  • Net Operating Income: 32040.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1440.00
  • Rent Control: Yes
  • Total Actual Rent: 2900.00

Tax Info

  • New Taxes Expense: 8437.00
  • Tax Lot: 026
  • Tax Tract Number: 123
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2015
Closed on
May 2, 2016
Sold by
Wu Bie Chin Beatrice
Bought by
Wu Bie Chin Beatrice and Beatrice Wu 1988 Trust
Seller's Agent
Alfonso Sanchez
Las Lomas Realty Inc.
Buyer's Agent
Vivian Chen
General Realty and Investment
List Price
$675,000
Sold Price
$555,000
Premium/Discount to List
-$120,000
-17.78%
Current Estimated Value
$1,001,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,970
Avg. Annual Appreciation
6.41%

Purchase Details

Listed on
May 28, 2015
Closed on
Apr 14, 2016
Sold by
Jayme Ernesto R
Bought by
Wu Bie Chin Beatrice
Seller's Agent
Alfonso Sanchez
Las Lomas Realty Inc.
Buyer's Agent
Vivian Chen
General Realty and Investment
List Price
$675,000
Sold Price
$555,000
Premium/Discount to List
-$120,000
-17.78%

Purchase Details

Closed on
Aug 21, 1999
Sold by
Jayme Justina R
Bought by
Jayme Ernesto R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
8.09%
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
Wu Bie Chin Beatrice -- Provident Title Company
Wu Bie Chin Beatrice $555,000 Provident Title Company
Jayme Ernesto R -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jayme Ernesto R $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2016 05/10/16 Sold $555,000 -17.8% $314 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
05/28/2015 05/28/15 For Sale $675,000 -- $382 / 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 $8,375 $656,999 $402,487 $254,512
2024 $8,375 $644,118 $394,596 $249,522
2023 $8,217 $631,489 $386,859 $244,630
2022 $7,847 $619,108 $379,274 $239,834
2021 $7,747 $606,970 $371,838 $235,132
2019 $7,521 $588,969 $360,810 $228,159
2018 $7,397 $577,422 $353,736 $223,686
2016 $3,044 $217,584 $136,909 $80,675
2015 $2,999 $214,317 $134,853 $79,464
2014 $3,017 $210,120 $132,212 $77,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15114591

California Regional Multiple Listing Service (CRMLS)

APN: 7346-007-026