NOT LISTED FOR SALE

3554 Brenton Ave Lynwood, CA 90262

Estimated Value: $1,007,000 - $1,183,000

6 Beds
4 Baths
3,165 Sq Ft
$344/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $815,000 $258 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,287/month

21 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Central Heating
  • Front Yard
  • Laundry Room

About This Home

As of March 2021

Three (3) unit, single-story building built in 1956 with four (4) enclosed garage spaces. Offered at a 5.12% cap rate, this property delivers an excellent return from day one, with the ability to increase cash flow by increasing rents to market. The spacious 3 BD/2BA unit is currently rented well below market. All units larger than average featuring one (1), 1BD/1BA, one (1), 2BD/1BA and one (1) 3 BD/2BA with approximately 1,800 SF of living space. The 2 BD/1BA unit can be delivered vacant at the close of escrow. At $268/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. Big fenced patio with secure gate shared with the adjacent fourplex. Professionally managed, well maintained, and several units have been recently upgraded. 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 fourplex located at 3552 Brenton Ave. MLS# SB21006639

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

  • $12,479

Year Built

  • Built in 1956

Lot Details

  • 7,785 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,165 Sq Ft Home
  • Property Attached
  • Shingle Roof

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 40
  • Tax Tract Number 20680
  • Assessor Parcel Number 6191015002

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $754
  • Maintenance Expense $3,093
  • Trash Expense $880
  • Water Sewer Expense $2,055
  • New Taxes Expense $10,553
  • Operating Expense $18,344
  • Gross Income $63,780
  • Net Operating Income $41,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,479

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.12
  • Other Phone Description: Martin Ensbury
  • Other Phone Number: 3108800132
  • Price Per Unit: 283333
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2055.00
  • Zoning: LYR3YY
  • Property Type: Residential Income
  • Parcel Number: 6191015002
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 257.50
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 880.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7785.00
  • Lot Size Acres: 0.1787

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 63780.00
  • Gross Multiplier: 13.33
  • Gross Operating Income: 61867.00
  • Gross Scheduled Income: 63780.00
  • Insurance Expense: 754.00
  • Lot Size Area: 7785.0000 Square Feet
  • Maintenance Expense: 3093.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 41521.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 18344.00
  • Rent Control: No
  • Total Actual Rent: 59280.00
  • Total Expenses: 18344.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10553.00
  • Tax Census Tract: 5402.02
  • Tax Lot: 40
  • Tax Tract Number: 20680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Brian And Lesliean Zambrano Family Trust
Bought by
B & L Brenton Llc
Current Estimated Value
$1,131,007

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
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$611,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2019
Sold by
Snow Melt Abbett 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
$495,000
Interest Rate
2.8%

Purchase Details

Closed on
Sep 27, 2013
Sold by
Mavredakis 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
$279,950
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
$365,000
Sold Price
$373,250
Premium/Discount to List
$8,250
2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%

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
$365,000
Sold Price
$373,250
Premium/Discount to List
$8,250
2.26%

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
B & L Brenton Llc -- Adams Carol Y
Brian And Lesliean Zambrano Family Trust -- Adams Carol Y
Zambrano Brian $815,000 Fidelity National Title
Snow Melt Abbott Llc -- Fidelity National Title Co
Snow Melt Abbott Llc -- First American Title
Snow Melt Abbott Llc -- Fidelity National Title
Mavredakis John $373,500 Fidelity National Title
John A Prestage Revocable Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zambrano Brian $611,250
Previous Owner Zambrano Brian $611,250
Previous Owner Snow Melt Abbott Llc $495,000
Previous Owner Snow Melt Abbott Llc $279,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $815,000 -4.1% $258 / Sq Ft
03/08/2021 03/08/21 Price Changed $850,000 0.0% $269 / Sq Ft
03/08/2021 03/08/21 For Sale $850,000 0.0% $269 / Sq Ft
01/11/2021 01/11/21 For Sale $850,000 +127.7% $269 / Sq Ft
06/26/2013 06/26/13 Sold $373,250 +2.3% $118 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $365,000 -- $115 / 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 $12,479 $882,180 $529,308 $352,872
2024 $12,479 $864,883 $518,930 $345,953
2023 $12,388 $847,925 $508,755 $339,170
2022 $11,943 $831,300 $498,780 $332,520
2021 $6,455 $422,985 $217,438 $205,547
2020 $6,206 $418,649 $215,209 $203,440
2019 $6,598 $410,441 $210,990 $199,451
2018 $6,031 $402,394 $206,853 $195,541
2016 $5,614 $386,771 $198,822 $187,949
2015 $5,510 $380,962 $195,836 $185,126
2014 $5,397 $373,500 $192,000 $181,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21006380

California Regional Multiple Listing Service (CRMLS)

APN: 6191-015-002