NOT LISTED FOR SALE

3226 Palm Ave Lynwood, CA 90262

Estimated Value: $818,688 - $907,000

5 Beds
3 Baths
2,313 Sq Ft
$369/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $680,000 $294 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,490/month

3 Days on Market

About This Home

As of June 2021

We are pleased to present 3226 Palm Ave, a three unit property located in the City of Lynwood, CA. Built in 1937 and 1929, the property is situated on an 8,118 square foot lot zoned LYR33 near the intersection of Palm Ave and Alpine Ave. The property consists of a three bedroom, one bathroom house in the front of the property. The back structure consists of a two bedroom and a one bedroom above four garages. An additional structure has two more garages for a total of six garages. With an additional four surface spaces, this property boasts plenty of parking. All units are individually metered for gas and electricity. Located on a street with mostly single family homes, this property commands quality and long term tenants.

Last Agent to Sell the Property

Michael Jacobs

Kidder Mathews of California, Inc. License #01979550 Listed on: 05/17/2021

Last Buyer's Agent

Michael Jacobs

Kidder Mathews of California, Inc. License #01979550 Listed on: 05/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,521

Year Built

  • Built in 1937

Lot Details

  • 8,119

Home Design

  • 2,313 Sq Ft Home

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Driveway

Additional Features

  • 3 Bathrooms
  • 8,119 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6176-011-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,521

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2313
  • Lot Acreage: 0.1864
  • Year Built: 1937
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Total Bathrooms: 3.00
  • Price Per S Q F T: 302.64

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Covered Parking, Driveway
  • Total Parking: 10

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 6176-011-004
  • Lot Size Area: 8119

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.41
  • Number Of Units: 3
  • Total Annual Expense: 16599
  • Type Of Units: Standard
  • Vacancy Rate: 1566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
May 29, 2021
Sold by
Gomez Jose A
Bought by
Pulido Joe G
Seller's Agent
Michael Jacobs
Kidder Mathews of California, Inc.
Buyer's Agent
Michael Jacobs
Kidder Mathews of California, Inc.
List Price
$700,000
Sold Price
$680,000
Premium/Discount to List
-$20,000
-2.86%
Current Estimated Value
$842,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,610
Avg. Annual Appreciation
5.60%
Original Mortgage
$510,000
Outstanding Balance
$462,746
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$390,176

Purchase Details

Closed on
Sep 27, 2006
Sold by
Mejia Esteban
Bought by
Gomez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
9.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 10, 2005
Sold by
Hernandez Sergio Ventura
Bought by
Mejia Esteban and Gomez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 15, 2005
Sold by
Vasquez Saul and Vasquez Mercedes
Bought by
Hernandez Sergio Ventura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 1993
Sold by
Rizk Malek and Rizk Monica L
Bought by
Vasquez Saul and Vasquez Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,514
Interest Rate
7.16%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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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
Pulido Joe G $680,000 Ticor Title
Gomez Jose A -- Stewart Title
Mejia Esteban $540,000 United Title Company-L A
Hernandez Sergio Ventura $450,000 United Title Company
Vasquez Saul -- United Title Company
Vasquez Saul $213,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pulido Joe G $510,000
Previous Owner Gomez Jose A $464,000
Previous Owner Mejia Esteban $432,000
Previous Owner Hernandez Sergio Ventura $360,000
Previous Owner Vasquez Saul $207,514
Closed Hernandez Sergio Ventura $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $680,000 -2.9% $294 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $700,000 -- $303 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
Source: The MLS

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 $10,521 $736,051 $514,154 $221,897
2024 $10,521 $721,620 $504,073 $217,547
2023 $10,444 $707,472 $494,190 $213,282
2022 $10,072 $693,600 $484,500 $209,100
2021 $9,639 $675,061 $412,541 $262,520
2020 $9,245 $668,140 $408,311 $259,829
2019 $9,876 $655,040 $400,305 $254,735
2018 $8,519 $600,000 $300,000 $300,000
2016 $5,679 $396,000 $242,000 $154,000
2015 $6,202 $441,000 $269,500 $171,500
2014 $5,422 $380,000 $232,200 $147,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Jacobs

    Kidder Mathews of California, Inc.

See All Agents

Map

Source: The MLS

MLS Number: 21-733268

The MLS

APN: 6176-011-004

California Los Angeles County Lynwood 90262

3226 Palm Ave, Lynwood, CA

This home is located at 3226 Palm Ave, Lynwood, CA 90262 since 17 May 2021 and is currently estimated at $852,922, approximately $368 per square foot. This property was built in 1937. 3226 Palm Ave is a home located in Los Angeles County with nearby schools including Helen Keller Elementary School, Lynwood Middle School, and Marco Antonio Firebaugh High School.

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