NOT LISTED FOR SALE

3331 Sanborn Ave Lynwood, CA 90262

13 Beds
6 Baths
4,746 Sq Ft
8,996 Sq Ft Lot

Last Sold September 10, 2019

Last sale price $970,000 $204 Per Sq Ft

16 Days on Market

Highlights

  • Contemporary Architecture
  • Rectangular Lot
  • Carpet

About This Home

As of September 2019

CASH COW!! WEALTH-BUILDING OPPORTUNITY!! Come check out this wonderful 5-unit cash flowing property steps from the Plaza Mexico and the Green Line!! The property consists of an SFR with a 4-plex in the rear. Located on a side street half a block from happening Long Beach Blvd., the property offers unique access to shopping, dining, entertainment, and public transportation opportunities as well as to elementary and high schools. The property offers 5 covered parking spaces and is situated across the street from an ample public parking lot. 4,746 SF!! The tenants are currently on month-to-month. Current rents are substantially below market and total $7,205/mo. Potential rents are $9,300+/mo. Diversified mix of two and three bedroom units. Property will be delivered with current tenants in place. All tenants are on month to month. Lynwood is free of rent control. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Hans Hagenmayer

Teamprovident, Inc. License #01208714 Listed on: 08/14/2019

Last Buyer's Agent

Hans Hagenmayer

Teamprovident, Inc. License #01208714 Listed on: 08/14/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,996 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Contemporary Architecture
  • Property Attached
  • Frame Construction
  • Stucco

Interior Spaces

  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 6173002018

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,425
  • Maintenance Expense $7,800
  • Trash Expense $1,836
  • Water Sewer Expense $4,235

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 4235.00
  • Zoning: LYR3*
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 6173002018
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Flooring: Carpet
  • Levels: One, Two

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 5.00

Utilities

  • Trash Expense: 1836.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8996.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 1425.00
  • Lot Size Area: 8996.0000 Square Feet
  • Maintenance Expense: 7800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Total Actual Rent: 86460.00
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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
09/10/2019 09/10/19 Sold $970,000 +5.7% $204 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $918,000 -- $193 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $15,593 $1,060,831 $393,710 $667,121
2024 $15,593 $1,040,032 $385,991 $654,041
2023 $15,481 $1,019,640 $378,423 $641,217
2022 $14,943 $999,648 $371,003 $628,645
2021 $14,339 $980,048 $363,729 $616,319
2020 $13,778 $970,000 $360,000 $610,000
2019 $12,072 $758,856 $343,194 $415,662
2018 $11,123 $743,977 $336,465 $407,512
2016 $10,330 $715,089 $323,400 $391,689
2015 $10,130 $704,349 $318,543 $385,806
2014 $9,917 $690,553 $312,304 $378,249
Source: Public Records

Agents Affiliated with this Home

  • Hans Hagenmayer

    Seller's Agent in 2019

    Hans Hagenmayer

    Teamprovident, Inc.

    (626) 576-7660

    90 Total Sales

    Hans Hagenmayer
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819003803

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Lynwood 90262

3331 Sanborn Ave, Lynwood, CA

Not Listed for Sale

MultiFamily

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