S
Seller's Agent in 2020
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
2 in this area
96 Total Sales
3306 Palm Ave Lynwood, CA 90262
Estimated Value: $1,247,000 - $1,555,093
5
Beds
2
Baths
3,816
Sq Ft
$360/Sq Ft
Est. Value
About This Home
As of September 20203306 Palm Avenue offers a highly desirable mix of one two-bedroom/one-bath house and a rear triplex with all three-bedroom/one-bath units. The units are separately metered for gas and electricity and have in-unit laundry hookups. The property also features an automatic gate for controlled access, four single-car garages, one two-car garage, and a tandem surface parking space in front of each garage.
Recent improvements to the property include a brand new roof for the house, and one of the three-bedroom units is currently being renovated. 3306 Palm Avenue is located just west of Long Beach Boulevard one block from Helen Keller Elementary and conveniently near shopping and the 105 Freeway.
This offering presents an excellent opportunity to acquire an asset with a sought-after unit mix in a strong rental market and capture 20 percent rental upside.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/13/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,934
Year Built
- Built in 1964
Lot Details
- 8,153 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 6 Open Parking Spaces
- 6 Car Garage
Home Design
- 3,816 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 1120
- Tax Tract Number 3025
- Assessor Parcel Number 6176013016
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Operating Expense $26,494
- Gross Income $87,600
- Net Operating Income $58,478
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2020
Closed on
Sep 17, 2020
Sold by
Castellon Sonia A
Bought by
Torres Carlos Ramon
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Doug Snell
Moylan Realty Group, Inc
List Price
$1,140,000
Sold Price
$1,120,000
Premium/Discount to List
-$20,000
-1.75%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,773
Avg. Annual Appreciation
4.28%
Original Mortgage
$840,000
Outstanding Balance
$747,135
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$625,638
Purchase Details
Listed on
Jul 13, 2020
Closed on
Aug 20, 2020
Sold by
Luu Loyd
Bought by
Torres Carlos Ramon
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Doug Snell
Moylan Realty Group, Inc
List Price
$1,140,000
Sold Price
$1,120,000
Premium/Discount to List
-$20,000
-1.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$747,135
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$625,638
Purchase Details
Closed on
Jun 27, 2019
Sold by
Luu Dina
Bought by
Luu Loyd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 25, 2017
Closed on
Nov 1, 2017
Sold by
Barrera Daniel and Menjivar Kelley
Bought by
Luu Loyd and Luu Dina
Seller's Agent
Jaime Bermeo
Trends RE Inc.
Buyer's Agent
Carlos Janer
USA Realty & Loans
List Price
$800,000
Sold Price
$860,000
Premium/Discount to List
$60,000
7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$630,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 12, 2013
Sold by
Friends Of South Central Los Angeles Reg
Bought by
Barrera Daniel and Menjivar Kelley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,404
Interest Rate
4.36%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 24, 2012
Sold by
Us Bank National Association
Bought by
Friends Of South Central Los Angeles Reg
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.43%
Mortgage Type
Unknown
Purchase Details
Closed on
May 14, 2012
Sold by
Deaquino Roman
Bought by
Us Bank National Association
Purchase Details
Closed on
Mar 16, 2004
Sold by
Lima Raquel A
Bought by
Deaquino Roman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,900
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 11, 2003
Sold by
Maldonado Liliam and Rocha Arely
Bought by
Lima Raquel A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,546
Interest Rate
5.73%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 17, 1999
Sold by
Wynbergen Family Trust Van Wynbergen Lionel C
Bought by
Martinez Dennis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
8.09%
Purchase Details
Closed on
Dec 14, 1993
Sold by
Vanwynbergen Lionel and Vanwynbergen Elvira
Bought by
Vanwynbergen Lionel and Vanwynbergen Elvira Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Torres Carlos Ramon | -- | Ticor Title Company Of Ca | |
| Torres Carlos Ramon | $1,120,000 | Ticor Title | |
| Luu Loyd | -- | Provident Title Company | |
| Luu Loyd | $860,000 | Lawyers Title | |
| Barrera Daniel | $587,000 | First American Title Company | |
| Friends Of South Central Los Angeles Reg | $380,003 | First American Title Company | |
| Us Bank National Association | $405,000 | None Available | |
| Deaquino Roman | $580,000 | Stewart Title Of Ca Inc | |
| Lima Raquel A | $353,000 | Commonwealth Land Title | |
| Martinez Dennis | $202,000 | North American Title Co | |
| Vanwynbergen Lionel | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Torres Carlos Ramon | $840,000 | |
| Previous Owner | Luu Loyd | $544,000 | |
| Previous Owner | Luu Loyd | $630,000 | |
| Previous Owner | Barrera Daniel | $570,706 | |
| Previous Owner | Barrera Daniel | $574,404 | |
| Previous Owner | Friends Of South Central Los Angeles Reg | $300,000 | |
| Previous Owner | Deaquino Roman | $560,000 | |
| Previous Owner | Deaquino Roman | $70,000 | |
| Previous Owner | Deaquino Roman | $463,900 | |
| Previous Owner | Lima Raquel A | $347,546 | |
| Previous Owner | Martinez Dennis | $161,500 | |
| Previous Owner | Vanwynbergen Lionel | $150,500 | |
| Closed | Deaquino Roman | $115,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2020 09/28/20 | Sold | $1,120,000 | -1.8% | $294 / Sq Ft |
| 08/19/2020 08/19/20 | Pending | -- | -- | -- |
| 07/31/2020 07/31/20 | For Sale | $1,140,000 | 0.0% | $299 / Sq Ft |
| 07/14/2020 07/14/20 | Pending | -- | -- | -- |
| 07/13/2020 07/13/20 | For Sale | $1,140,000 | +32.6% | $299 / Sq Ft |
| 11/20/2017 11/20/17 | Sold | $860,000 | +7.5% | $225 / Sq Ft |
| 10/17/2017 10/17/17 | For Sale | $800,000 | -- | $210 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,934 | $1,212,322 | $389,674 | $822,648 |
| 2024 | $16,934 | $1,188,552 | $382,034 | $806,518 |
| 2023 | $16,810 | $1,165,248 | $374,544 | $790,704 |
| 2022 | $16,201 | $1,142,400 | $367,200 | $775,200 |
| 2021 | $15,594 | $1,120,000 | $360,000 | $760,000 |
| 2020 | $12,288 | $894,744 | $249,696 | $645,048 |
| 2019 | $13,133 | $877,200 | $244,800 | $632,400 |
| 2018 | $12,087 | $860,000 | $240,000 | $620,000 |
| 2017 | $9,285 | $620,014 | $260,892 | $359,122 |
| 2016 | $8,518 | $607,858 | $255,777 | $352,081 |
| 2015 | $8,348 | $598,728 | $251,935 | $346,793 |
| 2014 | $8,167 | $587,000 | $247,000 | $340,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Seller Co-Listing Agent in 2020
David O'Keefe
Marcus & Millichap
(562) 257-1200
2 in this area
53 Total Sales
-
Buyer's Agent in 2020
Doug Snell
Moylan Realty Group, Inc
(323) 229-9508
1 in this area
16 Total Sales
-
Seller's Agent in 2017
Jaime Bermeo
Trends RE Inc.
(562) 243-7707
23 Total Sales
-
C
Buyer's Agent in 2017
Carlos Janer
USA Realty & Loans
(858) 277-6173
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20137322
APN: 6176-013-016
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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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