A
Seller's Agent in 2019
Adrian Yun
Y Real Estate Inc
(562) 832-3479
5 Total Sales
4300 Martin Luther King Junior Blvd Lynwood, CA 90262
Estimated Value: $1,047,000 - $1,648,751
8
Beds
4
Baths
3,200
Sq Ft
$403/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Wall Furnace
About This Home
As of August 2019Fully remodeled 4 Unit property! Each 2 bedroom/1 bath unit has all new flooring and new paint throughout. Fantastic eat-in kitchen with all new cabinets, fixtures, counters, new stainless steel sink, gas stove, hood vent plus washer and dryer. One car garage per unit. Easy access from 105 Fwy and 710 Fwy. Close proximity to the up & coming neighborhood & entertainment, schools, shopping and freeways all a hop and a skip away! Hurry this will not last long.
Fully occupied!
Income $1900 per unit Total: $7660 monthly
Expenses: Water/trash $500 Monthly
Insurance: $1400 annual
Cap Rate: 6.1%
Last Agent to Sell the Property
Y Real Estate Inc License #02036957 Listed on: 01/10/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,920
Year Built
- Built in 1956
Lot Details
- 4,379 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- 3,200 Sq Ft Home
- Property Attached
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
- Washer
Utilities
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Tax Tract Number 9288
- Assessor Parcel Number 6189003028
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,400
- Trash Expense $3,000
- Water Sewer Expense $3,000
- New Taxes Expense $14,375
- Operating Expense $21,775
- Gross Income $91,200
- Net Operating Income $84,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2019
Closed on
Jun 28, 2019
Sold by
Yc Capital Inc
Bought by
Betancourt Alvaro G and The Betancourt Family Trust
Seller's Agent
Adrian Yun
Y Real Estate Inc
Buyer's Agent
Mehran Moaddel
The Moaddel Group, Inc.
List Price
$1,150,000
Sold Price
$1,120,000
Premium/Discount to List
-$30,000
-2.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,438
Avg. Annual Appreciation
3.57%
Original Mortgage
$590,000
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 8, 2018
Sold by
Harris Ivry Mae and Harris Ivry R
Bought by
Yc Capital Inc
Purchase Details
Closed on
Oct 16, 2013
Sold by
Harris Ivry Mae
Bought by
Harris Ivry Mae and Ivry Mae Harris Separate Prope
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,200
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 12, 2004
Sold by
Harris Ivry R
Bought by
Harris Ivry Mae and Harris Ivry R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,600
Interest Rate
4.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 10, 2003
Sold by
Harris Ivry R
Bought by
Harris Ivry Mae and The Ivry Mae Harris Separate P
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Betancourt Alvaro G | $1,120,000 | Provident Title Company | |
| Yc Capital Inc | $775,000 | Lawyers Title Company | |
| Harris Ivry Mae | -- | Accommodation | |
| Harris Ivry Mae | -- | Lawyers Title Sd | |
| Harris Ivry Mae | -- | -- | |
| Harris Ivry R | -- | First American Title | |
| Harris Ivry Mae | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Betancourt Alvaro C | $575,000 | |
| Previous Owner | Betancourt Alvaro G | $590,000 | |
| Previous Owner | Harris Ivry Mae | $274,200 | |
| Previous Owner | Harris Ivry Mae | $296,000 | |
| Previous Owner | Harris Ivry R | $279,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2019 08/23/19 | Sold | $1,120,000 | -2.6% | $350 / Sq Ft |
| 06/19/2019 06/19/19 | Pending | -- | -- | -- |
| 05/30/2019 05/30/19 | For Sale | $1,150,000 | 0.0% | $359 / Sq Ft |
| 05/17/2019 05/17/19 | Pending | -- | -- | -- |
| 04/30/2019 04/30/19 | Price Changed | $1,150,000 | -3.4% | $359 / Sq Ft |
| 04/29/2019 04/29/19 | For Sale | $1,190,000 | 0.0% | $372 / Sq Ft |
| 04/05/2019 04/05/19 | Pending | -- | -- | -- |
| 01/10/2019 01/10/19 | For Sale | $1,190,000 | -- | $372 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,920 | $1,224,877 | $262,472 | $962,405 |
| 2024 | $16,920 | $1,200,861 | $257,326 | $943,535 |
| 2023 | $16,795 | $1,177,316 | $252,281 | $925,035 |
| 2022 | $16,181 | $1,154,233 | $247,335 | $906,898 |
| 2021 | $15,573 | $1,131,602 | $242,486 | $889,116 |
| 2020 | $14,916 | $1,120,000 | $240,000 | $880,000 |
| 2019 | $11,781 | $790,500 | $229,500 | $561,000 |
| 2018 | $5,765 | $376,509 | $129,829 | $246,680 |
| 2016 | $5,365 | $361,891 | $124,789 | $237,102 |
| 2015 | $5,259 | $356,456 | $122,915 | $233,541 |
| 2014 | $5,157 | $349,475 | $120,508 | $228,967 |
Source: Public Records
Agents Affiliated with this Home
-
Adrian Yun
-
Mehran Moaddel
Buyer's Agent in 2019
Mehran Moaddel
The Moaddel Group, Inc.
(310) 749-7111
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW18280569
APN: 6189-003-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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