NOT LISTED FOR SALE

3605 Fernwood Ave Lynwood, CA 90262

8 Beds
6 Baths
3,974 Sq Ft
6,110 Sq Ft Lot

Last Sold July 25, 2012

Last sale price $490,000 $123 Per Sq Ft

38 Days on Market

Highlights

  • Modern Architecture
  • Wood Siding
  • No Heating

About This Home

As of July 2012

Property is a good income producing property with steady long term tenants. Attractive small front yard for a lucky tenant! One unit has a fireplace as well. Property has carport parking for all tenants and has it is own on site laundry facilty producing a little extra income. No rent control exists in this area and current rents are below market giving you an EXCELLENT oportunity to bring in more money with a rent increase which would improve the GRM and Cap rates. Apartments are a two-story configuration.

Last Agent to Sell the Property

John Accornero

Keller Williams Realty License #01724300 Listed on: 05/04/2012

Keller Williams Realty

Last Buyer's Agent

David Sarinana

Century 21 A Better Service License #00760251

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,110 Sq Ft Lot
  • Lot Dimensions are 52x115

Parking

  • 5 Parking Spaces

Home Design

  • 3,974 Sq Ft Home
  • Modern Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Tract Number 3335
  • Assessor Parcel Number 6173027034

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Electric Expense $3,916
  • Insurance Expense $3,176
  • Other Expense $1,595
  • Supplies Expense $1,086
  • New Taxes Expense $4,950
  • Gross Income $3,650
  • Net Operating Income $30,786

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.22
  • Improvements Amount: 110828
  • Improvements Percent: 64.00
  • Price Per Unit: 99000
  • Supplies Expense: 1086.00
  • View: No
  • Zoning: R3
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 6173027034
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 123.30

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Annually
  • Land Value: 57132
  • Land Value Percent: 34.00
  • Lot Size: 52x115
  • Lot Size Sq Ft: 6110.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 3916.00
  • Gross Income: 3650.00
  • Gross Multiplier: 11.30
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 3176.00
  • Lot Size Area: 6110.0000 Square Feet
  • Net Operating Income: 30786.00
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Drapes: 5
  • Number With Refrigerator: 5
  • Operating Expense: 13014.00
  • Operating Expense Percent: 31.00
  • Other Expense: 1595.00
  • Total Actual Rent: 43800.00

Tax Info

  • New Taxes Expense: 4950.00
  • Tax Area: 6089
  • Tax Lot: 0.
  • Tax Rate: 1.00
  • Tax Tract Number: 3335
  • Tax Year: 2011

Range of Values:

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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 Change Sq Ft Price
07/25/2012 07/25/12 Sold $490,000 -1.0% $123 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $495,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Accornero

    Seller's Agent in 2012

    John Accornero

    Keller Williams Realty

    (714) 608-2625

    8 Total Sales

    John Accornero
    Section Image
  • David Sarinana

    Buyer's Agent in 2012

    David Sarinana

    Century 21 A Better Service

    (562) 806-1000

    3 Total Sales

    David Sarinana
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821115

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lynwood 90262

3605 Fernwood Ave, Lynwood, CA

This home is located at 3605 Fernwood Ave, Lynwood, CA 90262 since 04 May 2012. This property was built in 1950. 3605 Fernwood Ave is a home located in Los Angeles County with nearby schools including Wilson Elementary School, Hosler Middle School, and Lynwood High School.

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California Regional Multiple Listing Service (CRMLS) 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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