NOT LISTED FOR SALE
15 Beds
8 Baths
6,650 Sq Ft
8,702 Sq Ft Lot

Sale Details

Date Sold: May 15, 2023

Last sale price $1,750,000 $263 Per Sq Ft

25 Days on Market

About This Home

As of May 2023

Highly Desirable Hawthorne Location - West of Prairie Avenue | Significant Value-Add Potential - Approximately 88% in Rental Upside | 8.33% Pro-Forma Cap Rate & 8.98 Pro-Forma GRM | Large 6,650-Square Foot Building on an 8,702-Square Foot Lot | Outstanding Unit Mix of (One) Large 3-Bedroom/2-Bathroom Upgraded Unit, (Two) 3-Bedroom/1.5-Bathroom Units & (Three) 2-Bedroom/1-Bathroom Units | Front Large 3-Bedroom/2-Bathroom Upgraded Unit Contains Private Front Yard, Large Living Room & Washer/Dryer Hook-Ups | Back 3-Bedroom/1.5-Bathroom Unit Contains Private Balcony | Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Upcoming Intuit Dome (NBA Clippers Arena) | Copper Plumbing, On-Site Laundry Facility & 6 Carport Parking Spaces with Storage | No Local Rent Control - Defaults to AB 1482 | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 01/26/2023

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 01/26/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,702 Sq Ft Lot
  • Lot Dimensions are 50x173

Interior Spaces

  • 6,650 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Community Details

  • 6 Units
  • Vacancy Allowance $4,248

Listing and Financial Details

  • Assessor Parcel Number 4045-027-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

8,702 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6650
  • Lot Acreage: 0.1998
  • Lot Dimensions: 50x173
  • Price Per Unit: 299167.00
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Common Walls: Attached
  • Laundry: Room
  • Total Bathrooms: 8.00
  • Equipment: Washer, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 269.92

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Carport Spaces: 6
  • Covered Parking: 6
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 6

Utilities

  • Number Electric Meters: 6
  • Number Gas Meters: 6

Lot Info

  • Assessed Improvement Percent: 71.07
  • Assessed Improvement Value: 434327
  • Assessed Land Percent: 28.93
  • Assessed Land Value: 176784
  • Total Assessed Value: 611111
  • Assessor Parcel Number: 4045-027-014
  • Lot Size Area: 8702

Rental Info

  • Total Actual Rent: 106200.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 16.90
  • Number Of Units: 6
  • Type Of Units: 3 BD, 2 BD
  • Vacancy Allow: 4248
  • Vacancy Allow Percent: 4.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 22437.50

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 20, 2023
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Views
55

Purchase Details

Closed on
Feb 29, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 24, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 22, 2001
Sold by
Bought by

Purchase Details

Closed on
May 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 Old Republic Title Company
-- None Available
-- None Available
-- --
-- Southland Title Corporation
-- Southland Title Corporation
-- Southland Title Corporation
-- Southland Title Corporation
-- Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $276,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $1,750,000 -2.5% $263 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $1,795,000 -- $270 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,611 $1,820,700 $1,144,440 $676,260
2024 $23,596 $1,785,000 $1,122,000 $663,000
2023 $9,400 $623,332 $180,319 $443,013
2022 $9,503 $611,111 $176,784 $434,327
2021 $9,369 $599,129 $173,318 $425,811
2019 $9,076 $581,360 $168,178 $413,182
2018 $8,636 $569,962 $164,881 $405,081
2016 $8,161 $547,832 $158,480 $389,352
2015 $7,991 $539,604 $156,100 $383,504
2014 $7,977 $529,035 $153,043 $375,992
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-236145

The MLS
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