NOT LISTED FOR SALE

3868 W 132nd St Hawthorne, CA 90250

Estimated Value: $1,369,000 - $2,440,000

5 Beds
4 Baths
3,973 Sq Ft
$495/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $1,500,000 $378 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $12,459/month

34 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Ceiling Fan
  • Granite Countertops
  • Tile Flooring
  • 3-minute walk to Bicentennial Park

About This Home

As of August 2018

The 3868 W 132nd Street Apartments is a 4-unit apartment property located in the city of Hawthorne. Situated just 15 miles southwest of downtown Los Angeles and five miles from shorefront communities such as Manhattan Beach, Hawthorne delivers all the convenience of coastal LA living with a much more agreeable price tag. Hawthorne's affordable housing and heavy concentration of apartments, along with its relatively low crime and beautiful public parks, attracts a variety of new residents makes this a central location to many activities and amenities. Investors have the opportunity to acquire a recently upgraded building with strong in place rents. The property is in one of the most desirable areas of Hawthorne and is close distance to Space X and the Hawthorne Airport. Major national retailers such as Ralph' s, Vons and CVS are within 3 miles, and the South Bay Galleria Shopping Center is approximately 6 miles to the south. The property is close to major employers in the Aerospace industry and is less than 1 mile from the 405 and 105 freeways The property consists of one three bedroom, one and half bath unit an 3 two-bedroom and one and half bath units. All units have new flooring, new kitchens, new appliances new bathrooms, laundry hookups in each unit and individual private patios. The property has 4 garages The property is separately metered for electricity and gas and is in a non-rent controlled city. This is a turn-key invest for the savvy investor.

Last Agent to Sell the Property

George Bustamante

Coldwell Banker Commercial License #01484265 Listed on: 05/09/2018

Coldwell Banker Commercial

Co-Listed By

Austin Carr

Realty One Group United License #01986298

Last Buyer's Agent

Taya DiCarlo

Compass License #01751317

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,900

Year Built

  • Built in 1964

Lot Details

  • 5,625 Sq Ft Lot
  • Two or More Common Walls
  • Privacy Fence
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Contemporary Architecture
  • Property Attached
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,973 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Living Room with Fireplace

Kitchen

  • Range Hood
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Firewall

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 4060
  • Assessor Parcel Number 4050024002

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $32,492
  • Gross Income $106,800
  • Net Operating Income $71,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,900

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Firewall(s)
  • Zoning: HAR3YY
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4050024002
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 377.55
  • Room Type: All Bedrooms Up
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Privacy, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Microwave, Range Hood, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5625.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 106800.00
  • Gross Multiplier: 14.90
  • Gross Scheduled Income: 106800.00
  • Net Operating Income: 71104.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 32492.00
  • Rent Control: No
  • Total Expenses: 32492.00

Tax Info

  • Tax Census Tract: 6025.08
  • Tax Lot: 2
  • Tax Tract Number: 4060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Aug 28, 2018
Sold by
Samuelian Steven N
Bought by
S & N Pacific Investments Llc
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Taya DiCarlo
Compass
List Price
$1,599,000
Sold Price
$1,500,000
Premium/Discount to List
-$99,000
-6.19%
Current Estimated Value
$1,966,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,919
Avg. Annual Appreciation
3.46%
Original Mortgage
$938,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 25, 2018
Sold by
Gg 3868 132Nd Street Apartments Llc
Bought by
Samuelian Steven N and Samuelian Houry
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Taya DiCarlo
Compass
List Price
$1,599,000
Sold Price
$1,500,000
Premium/Discount to List
-$99,000
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2017
Sold by
Rodriguez Rigoberto
Bought by
Gg 3868 132Nd Street Apartments Llc

Purchase Details

Closed on
Sep 23, 2003
Sold by
Rodriguez Dermidia E
Bought by
Rigoberto Rodriguez Exemption Trust

Purchase Details

Closed on
Mar 15, 2000
Sold by
Rodriguez Rigoberto
Bought by
Rodriguez Rigoberto and Rodriguez Dermidia E
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
S & N Pacific Investments Llc -- None Available
Samuelian Steven N $1,500,000 Old Republic Title Company
Gg 3868 132Nd Street Apartments Llc $1,000,000 Old Republic Title Company
Rigoberto Rodriguez Exemption Trust -- --
Rodriguez Rigoberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S And N Pacific Investments Llc $931,601
Closed Samuelian Steven N $938,000
Previous Owner Gg 3868 132Nd Street Apartments Llc $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2018 08/01/18 Sold $1,500,000 -6.2% $378 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $1,599,000 +59.9% $402 / Sq Ft
10/04/2017 10/04/17 Sold $1,000,000 +0.5% $252 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $995,000 -- $251 / 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 $20,900 $1,673,274 $725,085 $948,189
2024 $20,900 $1,640,466 $710,868 $929,598
2023 $20,119 $1,608,301 $696,930 $911,371
2022 $20,422 $1,576,766 $683,265 $893,501
2021 $20,140 $1,545,850 $669,868 $875,982
2020 $20,083 $1,530,360 $663,000 $867,360
2019 $19,424 $1,500,360 $650,000 $850,360
2018 $13,011 $1,000,360 $700,000 $300,360
2016 $3,510 $222,872 $57,574 $165,298
2015 $3,436 $219,526 $56,710 $162,816
2014 $3,439 $215,227 $55,600 $159,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18109369

California Regional Multiple Listing Service (CRMLS)

APN: 4050-024-002