NOT LISTED FOR SALE

3552 Brenton Ave Lynwood, CA 90262

Estimated Value: $1,164,000 - $1,472,000

8 Beds
5 Baths
4,148 Sq Ft
$321/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $1,015,000 $245 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $8,550/month

21 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Front Yard
  • Laundry Room

About This Home

As of March 2021

Four (4) units built in 1958 with five (5) enclosed garages. Offered at a 5.28% cap rate, this property delivers solid income from day one with additional rent upside. The units are above average in size, featuring a unit mix of three (3), 2 BR- 1BA's and one (1) very large, 2BR-2BA unit (approximately 1,526 sq. ft.). At $253/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. The property is professionally managed, well maintained, and several units have been upgraded in the last few years. There is a large fenced patio with a secure gate that is shared with the adjacent triplex. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent triplex located at 3554 Brenton Ave MLS # SB21006380.

Last Agent to Sell the Property

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 01/11/2021

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Last Buyer's Agent

Sunny Choi

T.N.G. Real Estate Consultants License #02035072

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,515

Year Built

  • Built in 1958

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,148 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 41
  • Tax Tract Number 20680
  • Assessor Parcel Number 6191015003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,005
  • Trash Expense $1,304
  • Water Sewer Expense $2,609
  • New Taxes Expense $13,036
  • Operating Expense $22,881
  • Gross Income $80,796
  • Net Operating Income $55,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,515

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.28
  • Other Phone Description: Martin Ensbury
  • Other Phone Number: 3108800132
  • Price Per Unit: 262500
  • Property Attached: Yes
  • Water Sewer Expenses: 2609.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6191015003
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 244.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1304.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 80796.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 78372.00
  • Gross Scheduled Income: 80796.00
  • Insurance Expense: 1005.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 55491.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22881.00
  • Operating Expense Percent: 29.20
  • Rent Control: No
  • Total Actual Rent: 74220.00
  • Total Expenses: 22881.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13036.00
  • Tax Lot: 41
  • Tax Tract Number: 20680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Brian Zambrano
Bought by
Brian And Lesliean Zambrano Family Trust and Fa Lesliean
Current Estimated Value
$1,331,940

Purchase Details

Listed on
Jan 11, 2021
Closed on
Feb 9, 2021
Sold by
Snow Melt Abbott Llc
Bought by
Zambrano Brian
Seller's Agent
Joseph Franklin
Keller Williams Beach Cities
Buyer's Agent
Sunny Choi
T.N.G. Real Estate Consultants
List Price
$1,050,000
Sold Price
$1,015,000
Premium/Discount to List
-$35,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$761,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2019
Sold by
Snow Melt Abbott Llc
Bought by
Snow Melt Abbott Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.8%

Purchase Details

Closed on
Sep 27, 2013
Sold by
Maveredakis John
Bought by
Snow Melt Abbott Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,812
Interest Rate
4.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 17, 2013
Closed on
Jun 27, 2013
Sold by
Mavredakis John
Bought by
Snow Melt Abbott Llc
Seller's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
RE/MAX Commercial & Inv Realty
List Price
$484,000
Sold Price
$495,750
Premium/Discount to List
$11,750
2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%

Purchase Details

Listed on
May 17, 2013
Closed on
Jun 18, 2013
Sold by
Prestage Verelyn C
Bought by
Mavredakis John and Mavredakis Christie
Seller's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
RE/MAX Commercial & Inv Realty
List Price
$484,000
Sold Price
$495,750
Premium/Discount to List
$11,750
2.43%

Purchase Details

Closed on
Jun 28, 2004
Sold by
Prestage John A and Prestage Verelyn C
Bought by
John A Prestage Revocable Family Trust
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
Brian And Lesliean Zambrano Family Trust -- Adams Carol Y
Zambrano Brian $1,015,000 Fidelity National Title
Snow Melt Abbott Llc -- Fidelity National Title
Snow Melt Abbott Llc -- First American Title
Snow Melt Abbott Llc -- Fidelity National Title Co
Mavredakis John $496,000 Fidelity National Title Co
John A Prestage Revocable Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zambrano Brian $761,250
Previous Owner Snow Melt Abbott Llc $540,000
Previous Owner Snow Melt Abbott Llc $371,812
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $1,015,000 -3.3% $245 / Sq Ft
03/08/2021 03/08/21 Price Changed $1,050,000 0.0% $253 / Sq Ft
03/08/2021 03/08/21 For Sale $1,050,000 0.0% $253 / Sq Ft
01/11/2021 01/11/21 For Sale $1,050,000 +111.8% $253 / Sq Ft
06/27/2013 06/27/13 Sold $495,750 +2.4% $120 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $484,000 -- $117 / 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 $15,515 $1,098,667 $649,458 $449,209
2024 $15,515 $1,077,125 $636,724 $440,401
2023 $15,402 $1,056,006 $624,240 $431,766
2022 $14,848 $1,035,300 $612,000 $423,300
2021 $8,461 $561,717 $233,293 $328,424
2020 $8,130 $555,958 $230,901 $325,057
2019 $8,651 $545,058 $226,374 $318,684
2018 $7,938 $534,372 $221,936 $312,436
2016 $7,386 $513,623 $213,319 $300,304
2015 $7,243 $505,909 $210,115 $295,794
2014 $7,092 $496,000 $206,000 $290,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21006639

California Regional Multiple Listing Service (CRMLS)

APN: 6191-015-003