NOT LISTED FOR SALE

4124 Marine Ave Lawndale, CA 90260

Estimated Value: $1,041,000 - $1,185,000

4 Beds
3 Baths
2,128 Sq Ft
$532/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $975,000 $458 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,265/month

37 Days on Market

Highlights

  • Golf Course Community
  • Gated Parking
  • Property is near public transit
  • All Bedrooms Downstairs
  • 0.26 Acre Lot
  • Private Yard

About This Home

As of October 2021

DON'T MISS OUT! Unbelievable Opportunity to own a great investment property!
VACANT Multi Unit Duplex in Lawndale on a HUGE (CM Zoned) Lot with additional building.
Freshly renovated vacant units available - Two Bedroom, one Bath and Two Bedroom, two bath available. Also there is a seperate building which needs renovation to be finished but has a great deal of potential. The building includes a 2 car garage and attached space which could be an office, storage space, entertainment area. The property has a huge amount of parking available and has a central courtyard between the units and the back building. It also Has a nice yard in the corner of the lot for tenants to relax. The property is centrally located with convenient access to the 405 freeway, Schools, golf courses and 10-15 min drive from the Beach!

Last Agent to Sell the Property

James Harvey

Bayside License #02112788 Listed on: 08/30/2021

Last Buyer's Agent

Sally Soliman

Coldwell Banker Realty License #02026671

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,784

Year Built

  • Built in 1949

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Brick Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Garden

Parking

  • 10 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Two Garage Doors
  • Gated Parking
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,128 Sq Ft Home
  • Family Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 48
  • Assessor Parcel Number 4076005002
  • $1,350 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community
  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,784

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 437500
  • Property Attached: Yes
  • Zoning: LNM1YY
  • Property Type: Residential Income
  • Parcel Number: 4076005002
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 458.18
  • Room Type: All Bedrooms Down, Family Room, Laundry

Exterior Features

  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage - Two Door, Gated
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Refrigerator
  • Heating Type: Central, Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Golf, Park, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Garden, Lot 10000-19999 Sqft, Level, Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 11248.00
  • Lot Size Acres: 0.2582

Rental Info

  • Tenant Pays: None

Multi Family

  • Lot Size Area: 11248.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Dishwasher: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No

Tax Info

  • Tax Block: 48
  • Tax Census Tract: 6038.02
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 1350.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 14, 2021
Sold by
Russell Elmer A and Russell Louise C
Bought by
Barikhan Talal and Nakami Lama
Seller's Agent
James Harvey
Bayside
Buyer's Agent
Sally Soliman
Coldwell Banker Realty
List Price
$875,000
Sold Price
$975,000
Premium/Discount to List
$100,000
11.43%
Current Estimated Value
$1,131,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,136
Avg. Annual Appreciation
3.68%
Original Mortgage
$822,000
Outstanding Balance
$753,667
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$368,011
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
Barikhan Talal $975,000 First American Title Company O
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barikhan Talal $68,800
Open Ikhan Talal Bar $822,000
Closed Barikhan Talal $822,000
Previous Owner Russell Elmer A $215,000
Previous Owner Russell Elmer A $211,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $975,000 +11.4% $458 / Sq Ft
08/30/2021 08/30/21 For Sale $875,000 -- $411 / 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 $13,784 $1,034,677 $848,966 $185,711
2024 $13,784 $1,014,390 $832,320 $182,070
2023 $13,064 $994,500 $816,000 $178,500
2022 $13,070 $975,000 $800,000 $175,000
2021 $5,562 $353,289 $196,275 $157,014
2020 $5,569 $349,668 $194,263 $155,405
2019 $5,384 $342,812 $190,454 $152,358
2018 $5,122 $336,091 $186,720 $149,371
2016 $4,753 $323,042 $179,470 $143,572
2015 $4,641 $318,191 $176,775 $141,416
2014 $4,628 $311,959 $173,313 $138,646
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21187001

California Regional Multiple Listing Service (CRMLS)

APN: 4076-005-002