NOT LISTED FOR SALE

4060 W 141st St Unit A Hawthorne, CA 90250

Estimated Value: $1,069,000 - $1,438,000

7 Beds
4 Baths
3,022 Sq Ft
$422/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $1,210,000 $400 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,782/month

35 Days on Market

Highlights

  • Wall Furnace
  • Front Yard
  • 4-minute walk to Jim Thorpe Park

About This Home

As of August 2020

Great opportunity to purchase a well maintained multi-family property centrally located in Hawthorne. Triplex made up of three separate, detached homes on a large 8,000+ square foot lot. The front, 3 bedroom, 2 bathroom unit has updated electrical and newer dual pane windows.  The other 2 units are in good condition and each have 2 bedrooms and 1 bathroom.  Long Term tenants have shown strong pride of ownership and have taken great care of the property.

With the potential upside in rents and the possibility of adding another unit onto the spacious 8,000+ square foot lot (buyer to verify), opportunity exists to add additional value to an already solid investment.

Last Agent to Sell the Property

Joshua Hammond

Compass License #01815056 Listed on: 06/01/2020

Compass

Last Buyer's Agent

Jay Tan

Keller Williams Realty License #02064998

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,325

Year Built

  • Built in 1954

Lot Details

  • 8,696 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 3,022 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 871
  • Tax Tract Number 1
  • Assessor Parcel Number 4077001010

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,343
  • Water Sewer Expense $1,800
  • New Taxes Expense $15,938
  • Operating Expense $20,281
  • Gross Income $77,930
  • Net Operating Income $53,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,325

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.30
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: HAR1YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4077001010
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 400.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8696.00
  • Lot Size Acres: 0.1996

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Operating Income: 77930.00
  • Gross Scheduled Income: 80340.00
  • Insurance Expense: 1343.00
  • Lot Size Area: 8696.0000 Square Feet
  • Net Operating Income: 53332.00
  • 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
  • Number With Refrigerator: 3
  • Operating Expense: 24598.00
  • Rent Control: Yes
  • Total Actual Rent: 6695.00
  • Total Expenses: 20281.00

Tax Info

  • New Taxes Expense: 15938.00
  • Tax Census Tract: 6024.04
  • Tax Lot: 871
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Aug 16, 2020
Sold by
Williams Denise
Bought by
Tan Warren Man and Looi Susan Siewching
Seller's Agent
Joshua Hammond
Compass
Buyer's Agent
Jay Tan
Keller Williams Realty
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%
Current Estimated Value
$1,274,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,007
Avg. Annual Appreciation
0.46%

Purchase Details

Listed on
Jun 1, 2020
Closed on
Jul 7, 2020
Sold by
Ng Regina
Bought by
Tan Jay
Seller's Agent
Joshua Hammond
Compass
Buyer's Agent
Jay Tan
Keller Williams Realty
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%

Purchase Details

Closed on
Nov 5, 2018
Sold by
Lee Nam Sook and Nam Sook Lee Trust
Bought by
Williams Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2017
Sold by
Lee Nam Sook
Bought by
Lee Nam Sook and The Nam Sook Lee Trust

Purchase Details

Closed on
Jun 29, 2012
Sold by
Brown Leonard L
Bought by
Lee Nam Sook

Purchase Details

Closed on
Jul 31, 2003
Sold by
Lee Nam Sook and Brown Nam Sook Lee
Bought by
Lee Nam Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1997
Sold by
Brown Leonard L
Bought by
Brown Nam Sook Lee

Purchase Details

Closed on
Aug 20, 1997
Sold by
Lee Nam S and Brown Nam Sook Lee
Bought by
Brown Leonard L and Brown Nam Sook Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Tan Warren Man $1,210,000 First American Title
Tan Jay -- First American Title
Williams Denise $1,190,000 Lawyers Title Company
Lee Nam Sook -- None Available
Lee Nam Sook -- None Available
Lee Nam Sook -- American Coast Title
Brown Nam Sook Lee -- --
Brown Leonard L -- American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Denise $952,000
Previous Owner Lee Nam Sook $315,000
Previous Owner Brown Leonard L $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2020 08/18/20 Sold $1,210,000 -3.2% $400 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $1,250,000 +5.0% $414 / Sq Ft
02/01/2019 02/01/19 Sold $1,190,000 -0.8% $394 / Sq Ft
08/01/2018 08/01/18 For Sale $1,200,000 -- $397 / 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 $12,325 $974,187 $584,513 $389,674
2024 $12,325 $955,086 $573,052 $382,034
2023 $11,873 $936,360 $561,816 $374,544
2022 $12,051 $918,000 $550,800 $367,200
2021 $11,882 $900,000 $540,000 $360,000
2020 $11,870 $892,500 $535,500 $357,000
2019 $4,512 $306,257 $157,505 $148,752
2018 $4,249 $300,253 $154,417 $145,836
2016 $4,049 $288,596 $148,422 $140,174
2015 $3,963 $284,262 $146,193 $138,069
2014 $3,953 $278,695 $143,330 $135,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20103855

California Regional Multiple Listing Service (CRMLS)

APN: 4077-001-010