NOT LISTED FOR SALE

3260 Minnesota Ave Lynwood, CA 90262

Estimated Value: $945,000 - $1,102,000

2 Beds
1 Bath
4 Sq Ft
$254,583/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $775,000 $193,750 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,548/month

About This Home

As of October 2019

This home is located at 3260 Minnesota Ave, Lynwood, CA 90262 since 22 October 2019 and is currently estimated at $1,018,333, approximately $254,583 per square foot. This property was built in 1951. 3260 Minnesota Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Hosler Middle School, and Lynwood High School.

Last Agent to Sell the Property

Maria Cervantes

Manna Realty License #01267890 Listed on: 10/22/2019

Last Buyer's Agent

Victor Ambriz Jr

Keller Williams SELA License #00952349

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,997

Year Built

  • Built in 1951

Lot Details

  • 5,284 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • 4 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 4936
  • Assessor Parcel Number 6208004014

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $3,000
  • Water Sewer Expense $4,200
  • New Taxes Expense $9,000
  • Operating Expense $17,400
  • Gross Income $4,400
  • Net Operating Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,997

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: LYR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6208004014
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 5284.00
  • Lot Size Acres: 0.1213

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5284.0000 Square Feet
  • Net Operating Income: 35400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17400.00
  • Rent Control: No
  • Total Expenses: 17400.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 5402.01
  • Tax Lot: 35
  • Tax Tract Number: 4936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Oct 14, 2019
Sold by
Merios Byron and Melendrez Merios Maria
Bought by
The Great Northern Llc
Seller's Agent
Maria Cervantes
Manna Realty
Buyer's Agent
Victor Ambriz Jr
Keller Williams SELA
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$1,018,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,333
Avg. Annual Appreciation
3.85%
Original Mortgage
$1,125,000
Interest Rate
3.4%

Purchase Details

Closed on
Jun 20, 2018
Sold by
Merlos Byron
Bought by
Merlos Byron and Melendrez Merlos Maria

Purchase Details

Closed on
Aug 28, 2006
Sold by
Merlos Byron and Melendrez Merlos Maria
Bought by
Merlos Byron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 2004
Sold by
Gutierrez Linda
Bought by
Gutierrez Hector S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Gutierrez Hector S
Bought by
Merlos Byron L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2004
Sold by
Carreno Luis E and Carreno Gilma M
Bought by
Gutierrez Hector S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2003
Sold by
Carreno Luis Enrique
Bought by
Carreno Luis E

Purchase Details

Closed on
Apr 4, 2003
Sold by
Carreno Gilma Maria
Bought by
Carreno Luis Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Interest Rate
5.73%

Purchase Details

Closed on
Mar 14, 2003
Sold by
Acosta Ramon and Acosta Carlota
Bought by
Carreno Luis Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Interest Rate
5.73%

Purchase Details

Closed on
Jan 31, 1994
Sold by
Lopez Felix R and Lopez Angela G
Bought by
Acosta Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
4%
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
The Great Northern Llc $1,550,000 Chicago Title Company
Merlos Byron -- None Available
Merlos Byron -- Stewart Title
Gutierrez Hector S -- Landsafe Title
Merlos Byron L $525,000 Landsafe Title
Gutierrez Hector S $450,000 Landsafe Title
Carreno Luis E -- --
Carreno Luis Enrique -- Southland Title
Carreno Luis Enrique $325,000 Southland Title
Acosta Ramon $235,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Great Northern Llg $1,308,000
Closed The Great Northern Llc $1,125,000
Previous Owner Merlos Byron $474,000
Previous Owner Merlos Byron L $367,500
Previous Owner Gutierrez Hector S $360,000
Previous Owner Carreno Luis Enrique $237,250
Previous Owner Acosta Ramon $232,000
Previous Owner Acosta Ramon $188,000
Closed Acosta Ramon $23,500
Closed Merlos Byron L $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $775,000 0.0% $193,750 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $775,000 -- $193,750 / 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 $11,997 $847,571 $551,195 $296,376
2024 $11,997 $830,953 $540,388 $290,565
2023 $11,908 $814,661 $529,793 $284,868
2022 $11,479 $798,688 $519,405 $279,283
2021 $11,055 $783,028 $509,221 $273,807
2020 $10,598 $775,740 $504,000 $271,740
2019 $9,914 $656,749 $249,906 $406,843
2018 $9,155 $643,887 $245,006 $398,881
2016 $7,406 $528,000 $250,000 $278,000
2015 $7,007 $500,000 $240,000 $260,000
2014 $6,236 $440,000 $200,000 $240,000
Source: Public Records

Agents Affiliated with this Home

  • Maria Cervantes

    Seller's Agent in 2019

    Maria Cervantes

    Manna Realty

    (562) 500-1376

    18 Total Sales

    Maria Cervantes
    Section Image

  • V

    Buyer's Agent in 2019

    Victor Ambriz Jr

    Keller Williams SELA

    (562) 842-7248

    2 in this area

    27 Total Sales

    Victor Ambriz Jr
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19248670

California Regional Multiple Listing Service (CRMLS)

APN: 6208-004-014

California Los Angeles County Lynwood 90262

3260 Minnesota Ave, Lynwood, CA

This home is located at 3260 Minnesota Ave, Lynwood, CA 90262 since 22 October 2019 and is currently estimated at $1,018,333, approximately $254,583 per square foot. This property was built in 1951. 3260 Minnesota Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Hosler Middle School, and Lynwood 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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