NOT LISTED FOR SALE

303 Center St El Segundo, CA 90245

Estimated Value: $2,153,000 - $3,059,000

9 Beds
5 Baths
3,646 Sq Ft
$729/Sq Ft Est. Value

Last Sold December 11, 2018

Last sale price $2,000,000 $549 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $16,534/month

16 Days on Market

Highlights

  • Fireplace
  • Laundry Room
  • 1-minute walk to Hilltop Park
  • Center Street Elementary Rated A+
  • Carpet

About This Home

As of December 2018

303 Center Street is a Mid Century contemporary timepiece offered on the market for the very first time . Built in 1967 ,this property features 4 units,
of which 3 are two bed one bath and 1 Three bed two bath apts. Each unit has a one car garage and shared laundry area. Current rents are under market. Floor plans to the property are attached. All the units are in fair condition. This offering could be a great value added project.
Please do not walk the property or talk to the tenants. 301 Center ( SFR ) is also available MLS # SB18257384 .Contact L/A prior to writing offers!

Last Agent to Sell the Property

Don Ruane

Real Estate West, Inc. License #01036347 Listed on: 10/23/2018

Last Buyer's Agent

David Keller

Estate Properties License #00851437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,679

Year Built

  • Built in 1961

Lot Details

  • 4,223 Sq Ft Lot
  • Lot Dimensions are 40 x 106
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,646 Sq Ft Home
  • Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Urban Location
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 13 / 122
  • Tax Tract Number 4135
  • Assessor Parcel Number 4135031013

Community Details

Building Details

  • Electric Expense $330
  • Gardener Expense $440
  • Insurance Expense $2,500
  • Trash Expense $1,060
  • Water Sewer Expense $1,120
  • New Taxes Expense $22,500
  • Operating Expense $27,950
  • Net Operating Income $40,245

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,679

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1120.00
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Gardener Expense: 440.00
  • Parcel Number: 4135031013
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 548.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1060.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40 x 106
  • Lot Size Sq Ft: 4223.00
  • Lot Size Acres: 0.0969

Multi Family

  • Average2 Bed Area: 767 Square Feet
  • Electric Expense: 330.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 4223.0000 Square Feet
  • Net Operating Income: 40245.00
  • Number Of Units Total: 4
  • Operating Expense: 7755.00
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Total Expenses: 27950.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Block: 122
  • Tax Census Tract: 6200.02
  • Tax Lot: 13
  • Tax Tract Number: 4135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2018
Closed on
Nov 20, 2018
Sold by
Spear Cynthia
Bought by
Spear Thomas
Seller's Agent
Don Ruane
Real Estate West, Inc.
Buyer's Agent
David Keller
Estate Properties
List Price
$1,995,000
Sold Price
$2,000,000
Premium/Discount to List
$5,000
0.25%
Current Estimated Value
$2,656,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,985
Avg. Annual Appreciation
4.39%
Original Mortgage
$1,150,000
Outstanding Balance
$1,006,305
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,661,885

Purchase Details

Listed on
Oct 23, 2018
Closed on
Nov 9, 2018
Sold by
Freie Susan K and The Freie Trust
Bought by
Spear Thomas and Spear Alexander
Seller's Agent
Don Ruane
Real Estate West, Inc.
Buyer's Agent
David Keller
Estate Properties
List Price
$1,995,000
Sold Price
$2,000,000
Premium/Discount to List
$5,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Outstanding Balance
$1,006,305
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,661,885

Purchase Details

Closed on
Jun 3, 1998
Sold by
Freie John H and Freie Catherine S
Bought by
The Freie Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Spear Thomas -- North American Title Company
Spear Thomas $2,000,000 North American Title Company
The Freie Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spear Thomas $1,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2018 12/11/18 Sold $2,000,000 +0.3% $549 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/23/2018 10/23/18 For Sale $1,995,000 -- $547 / 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 $24,679 $2,231,034 $1,115,517 $1,115,517
2024 $24,679 $2,187,290 $1,093,645 $1,093,645
2023 $24,024 $2,144,402 $1,072,201 $1,072,201
2022 $24,290 $2,102,356 $1,051,178 $1,051,178
2021 $23,955 $2,061,134 $1,030,567 $1,030,567
2019 $23,136 $2,000,000 $1,000,000 $1,000,000
2018 $6,546 $569,007 $230,148 $338,859
2016 $6,327 $546,913 $221,212 $325,701
2015 $6,250 $538,699 $217,890 $320,809
2014 $6,142 $528,147 $213,622 $314,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18254781

California Regional Multiple Listing Service (CRMLS)

APN: 4135-031-013