NOT LISTED FOR SALE

3932 Flower St Cudahy, CA 90201

Estimated Value: $978,000 - $1,181,000

6 Beds
3 Baths
2,506 Sq Ft
$440/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $896,000 $358 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,021/month

1 Day on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Water Purifier
  • No HOA
  • Laundry Room
  • Floor Furnace

About This Home

As of July 2021

Excellent opportunity for income seeking investors. DO NOT DISTURB TENANTS. Total of THREE units with the income (as of 7/01/2021) of $4750. These units are all occupied with long-term tenants. There is a main house in the front of the property which is a 988 sq ft 2 bd/1 bth with a detached single car garage. The two units behind the main house are both 759 sq ft with 2 bd/1 bth each with their own garage. All units have new exterior paint completed within a week of listing. Fenced yards. Complete termite clearance along with repairs completed. Within the last month, the front house has had the bathroom re-tiled and fixtures replaced. All three units have wood vinyl plank flooring throughout. All units have a Falskin Brand house water filtration system installed. There is ample parking for each unit. Definitely a money making opportunity. The property is 100% occupied. All tenants are current on rent. DO NOT DISTURB TENANTS. Drive by only. Highest and best offers will have a viewing date and time before an offer is accepted.

Last Agent to Sell the Property

Kellie Hinely

Elevate Real Estate Agency License #02086953 Listed on: 06/03/2021

Elevate Real Estate Agency

Last Buyer's Agent

Ali Kassira

Century 21 Allstars License #02057492

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 10,394 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 2,506 Sq Ft Home
  • Laminate Flooring
  • Termite Clearance

Kitchen

  • Gas Range
  • Free-Standing Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Water Purifier

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / D
  • Tax Tract Number 1662
  • Assessor Parcel Number 6225023002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $990
  • Trash Expense $700
  • Water Sewer Expense $1,320
  • New Taxes Expense $4,851
  • Operating Expense $7,861
  • Gross Income $57,000
  • Net Operating Income $43,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1320.00
  • Zoning: CUR3*
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6225023002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 357.54
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Single Door, On Site
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range, Water Purifier
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 10394.00
  • Lot Size Acres: 0.2386

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 988 Square Feet
  • Gross Income: 57000.00
  • Gross Operating Income: 57000.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 990.00
  • Lot Size Area: 10394.0000 Square Feet
  • Net Operating Income: 43050.00
  • 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
  • Number With Range: 3
  • Operating Expense: 13950.00
  • Operating Expense Percent: 24.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 7861.00

Tax Info

  • New Taxes Expense: 4851.00
  • Tax Block: D
  • Tax Census Tract: 5344.03
  • Tax Lot: 9
  • Tax Tract Number: 1662

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Saab Tahsin and Saab Eaten
Bought by
Tfnrys-Family Revocable Living Trust and Saab
Current Estimated Value
$1,102,735

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jun 18, 2021
Sold by
Korogianos Peter
Bought by
Korogianos Janette T
Seller's Agent
Kellie Hinely
Elevate Real Estate Agency
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$869,900
Sold Price
$896,000
Premium/Discount to List
$26,100
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Egkan Richard J and Egkan Gary L
Bought by
Egkan Gary L and Egkan Patrick J

Purchase Details

Closed on
Sep 3, 2013
Sold by
Egkan Jeffrey
Bought by
Egkan Jeffrey L and Egkan Theresa Hogan

Purchase Details

Closed on
May 1, 2012
Sold by
Egkan Richard J and Egkan Trust
Bought by
Egkan Richard J and Egkan Gary L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tfnrys-Family Revocable Living Trust -- Pacific Coast Title
Korogianos Janette T -- Lawyers Title
Egkan Gary L $165,000 None Available
Egkan Jeffrey L -- None Available
Egkan Richard J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2021 07/23/21 Sold $896,000 +3.0% $358 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $869,900 -- $347 / 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 $14,916 $1,074,060 $686,460 $387,600
2024 $12,999 $932,198 $546,210 $385,988
2023 $12,752 $913,920 $535,500 $378,420
2022 $12,141 $896,000 $525,000 $371,000
2021 $4,832 $263,036 $151,090 $111,946
2020 $4,851 $260,340 $149,541 $110,799
2019 $4,677 $255,236 $146,609 $108,627
2018 $4,460 $250,233 $143,735 $106,498
2016 $4,243 $240,517 $138,154 $102,363
2015 $4,173 $236,905 $136,079 $100,826
2014 $4,175 $232,265 $133,414 $98,851
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21107823

California Regional Multiple Listing Service (CRMLS)

APN: 6225-023-002