NOT LISTED FOR SALE

3330 Cedar Ave Lynwood, CA 90262

4 Beds
2 Baths
5,642 Sq Ft
0.42 Acres

Last Sold August 08, 2014

Last sale price $1,020,000 $181 Per Sq Ft

27 Days on Market

Highlights

  • 0.42 Acre Lot
  • Laundry Room
  • Floor Furnace
  • No HOA

About This Home

As of August 2014

this is a very nice property on a beautiful street.well managed and maintained for many years.The front unit is a 1500 sq. ft.custom home,with its own fenced yard and double garage.2 bedroom and large den or 3 bedroom,with a formal dining room and formal living room complete with coved ceilings,leaded glass bay window and fireplace.The 6 one bedroom one bath units are at the rear of this huge 18000 sq. ft. lot.all units are large and bright.There is a coin op laundry room,and 2 storage rooms.Each unit has its own carport with 6 quest parking spots available.The property is large with lots of open space,lawns,and flowers.This is really pride of ownership

the rent for the front house was estimated

Last Agent to Sell the Property

Daniel Mundy

Coldwell Banker Envision License #00357332 Listed on: 07/08/2014

Last Buyer's Agent

Daniel Mundy

Coldwell Banker Envision License #00357332 Listed on: 07/08/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.42 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 6 Carport Spaces

Interior Spaces

  • 5,642 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace

Listing and Financial Details

  • Tax Tract Number 3025
  • Assessor Parcel Number 6168011017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $240
  • Gardener Expense $1,680
  • Insurance Expense $4,100
  • Maintenance Expense $1,800
  • Trash Expense $2,220
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,200
  • Gross Income $6,790
  • Net Operating Income $55,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.20
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 6168011017
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 180.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Trash Expense: 2220.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 18185.00
  • Lot Size Acres: 0.4170

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 6790.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 4100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 18185.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 55180.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Number With Range: 7
  • Operating Expense: 25820.00
  • Rent Control: No
  • Total Actual Rent: 6750.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Lot: 999
  • Tax Tract Number: 3025

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2014 08/08/14 Sold $1,020,000 -7.2% $181 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $1,099,500 -- $195 / 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 $18,338 $1,225,877 $396,606 $829,271
2024 $18,338 $1,201,841 $388,830 $813,011
2023 $18,206 $1,178,276 $381,206 $797,070
2022 $17,581 $1,155,174 $373,732 $781,442
2021 $16,947 $1,132,524 $366,404 $766,120
2020 $16,286 $1,120,912 $362,647 $758,265
2019 $17,336 $1,098,935 $355,537 $743,398
2018 $15,956 $1,077,388 $348,566 $728,822
2016 $14,845 $1,035,554 $335,032 $700,522
2015 $14,552 $1,020,000 $330,000 $690,000
2014 $6,619 $383,652 $125,325 $258,327
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14144353

California Regional Multiple Listing Service (CRMLS)