NOT LISTED FOR SALE

4023 E 58th St Maywood, CA 90270

Estimated Value: $947,235 - $1,118,000

6 Beds
4 Baths
2,588 Sq Ft
$387/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $890,000 $344 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,110/month

16 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Paved or Partially Paved Lot
  • No HOA

About This Home

As of July 2022

Awesome investment opportunity in the city of Maywood located on a quiet tree lined street. with upside potential. Front Unit is a 2 bedroom 1 bath. Unit 2 is upstairs Unit with 2 beds and one bath and Unit 3 is in the back of the building with 2 beds and 2 baths. All units have recessed lighting and each unit has their own full size laundry machine in the unit. There is a 3 car oversize garage that goes with Unit 1. Rents are currently way below market. Three separate meters, close to the 710 freeway and shopping centers. The property offers so much potential.

Last Agent to Sell the Property

Scott Miller

Coldwell Banker Realty License #01131182 Listed on: 05/26/2022

Coldwell Banker Realty

Last Buyer's Agent

Paul Grino

FIRST CHOICE REALTY SOLUTIONS License #01885577

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,091 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 2,588 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1067
  • Tax Tract Number 3544
  • Assessor Parcel Number 6312020008
  • $967 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $1,200
  • Trash Expense $280
  • Water Sewer Expense $960
  • Security Expense $100
  • New Taxes Expense $10,400
  • Operating Expense $15,640
  • Gross Income $38,400
  • Net Operating Income $28,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.13
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security Expense: 100.00
  • Water Sewer Expenses: 960.00
  • Zoning: MYR3*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6312020008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 343.89

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 280.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Paved
  • Lot Size Sq Ft: 6091.00
  • Lot Size Acres: 0.1398
  • Latitude Manual: 33.98909300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 865 Square Feet
  • Gross Income: 38400.00
  • Gross Operating Income: 41000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6091.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 28400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 38400.00
  • Total Expenses: 15640.00

Tax Info

  • New Taxes Expense: 10400.00
  • Tax Census Tract: 5334.02
  • Tax Lot: 1067
  • Tax Tract Number: 3544
  • TaxOtherAnnualAssessmentAmount: 967.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2023
Sold by
Rodas Edgar
Bought by
Precious Tiger Llc
Current Estimated Value
$972,102

Purchase Details

Listed on
May 26, 2022
Closed on
Jul 1, 2022
Sold by
Pia David
Bought by
Pla George
Seller's Agent
Scott Miller
Coldwell Banker Realty
Buyer's Agent
Paul Grino
FIRST CHOICE REALTY SOLUTIONS
List Price
$925,000
Sold Price
$890,000
Premium/Discount to List
-$35,000
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
Sep 3, 2003
Sold by
Pla Maria E
Bought by
Pla George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1996
Sold by
Pla Daniel and Pla Maria E
Bought by
Pla Maria E
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
Precious Tiger Llc -- None Listed On Document
Pla George -- Ticor Title
Pla George -- --
Pla Maria E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pla George $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2022 07/20/22 Sold $890,000 +0.6% $344 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
05/30/2022 05/30/22 Price Changed $885,000 -4.3% $342 / Sq Ft
05/26/2022 05/26/22 For Sale $925,000 -- $357 / 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 $12,744 $925,956 $572,220 $353,736
2024 $12,744 $907,800 $561,000 $346,800
2023 $12,520 $890,000 $550,000 $340,000
2022 $8,934 $635,403 $261,838 $373,565
2021 $7,391 $509,628 $72,237 $437,391
2020 $7,485 $504,404 $71,497 $432,907
2019 $7,162 $494,515 $70,096 $424,419
2018 $7,001 $484,820 $68,722 $416,098
2016 $6,579 $465,996 $66,054 $399,942
2015 $6,198 $458,997 $65,062 $393,935
2014 $6,200 $450,007 $63,788 $386,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22109364

California Regional Multiple Listing Service (CRMLS)

APN: 6312-020-008