NOT LISTED FOR SALE

4316 E 56th St Maywood, CA 90270

Estimated Value: $961,000 - $1,025,000

6 Beds
3 Baths
2,459 Sq Ft
$404/Sq Ft Est. Value

Last Sold March 25, 2013

Last sale price $390,000 $159 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $5,778/month

54 Days on Market

Highlights

  • Traditional Architecture
  • No Heating
  • 5-minute walk to Pine Avenue Park
  • Wood Siding

About This Home

As of March 2013

Three detached units, with a long driveway and a two-car garage attached to the owners/largest unit. All units have yard space and washer/dryer hookups. Stable demand and increasing rent potential in the area. Don't miss it!

Last Agent to Sell the Property

Sean Ryan

Coast Realty Solutions, Inc. License #01415690 Listed on: 03/06/2013

Last Buyer's Agent

Nino Fragoso

The Real Estate Solution License #01169109

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,595

Parking

  • 2 Car Garage

Home Design

  • 2,459 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 6,595 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 127
  • Tax Tract Number 3648
  • Assessor Parcel Number 6313027011

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,100
  • Trash Expense $990
  • Water Sewer Expense $1,110
  • New Taxes Expense $6,800
  • Gross Income $3,375
  • Net Operating Income $29,864

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 7.28
  • View: No
  • Water Sewer Expenses: 1110.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 6313027011
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 158.60

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Trash Expense: 990.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6595.00
  • Lot Size Acres: 0.1510

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3375.00
  • Gross Multiplier: 10.12
  • Gross Scheduled Income: 40500.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6595.0000 Square Feet
  • Net Operating Income: 29864.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10636.00

Tax Info

  • New Taxes Expense: 6800.00
  • Tax Area: 656
  • Tax Lot: 127
  • Tax Tract Number: 3648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2013
Closed on
Mar 6, 2013
Sold by
Saldana Frank
Bought by
Angulo Jesus and Angulo Sandra
Seller's Agent
Sean Ryan
Coast Realty Solutions, Inc.
Buyer's Agent
Nino Fragoso
The Real Estate Solution
List Price
$440,000
Sold Price
$390,000
Premium/Discount to List
-$50,000
-11.36%
Current Estimated Value
$992,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,333
Avg. Annual Appreciation
7.59%
Original Mortgage
$292,500
Outstanding Balance
$205,941
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$786,392

Purchase Details

Closed on
Nov 27, 2012
Sold by
Galindo Yanet
Bought by
Saldana Frank

Purchase Details

Closed on
Aug 17, 2010
Sold by
Saldana Frank and Saldana Frank
Bought by
Saldana Frank and Galindo Yanet

Purchase Details

Closed on
Jan 11, 2006
Sold by
Saldana Frank and Saldana Vanessa
Bought by
Saldana Frank

Purchase Details

Closed on
Sep 22, 2004
Sold by
Rangel Felix J and Rangel Maria S
Bought by
Saldana Frank and Saldana Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Angulo Jesus $390,000 None Available
Saldana Frank -- Accommodation
Saldana Frank -- None Available
Saldana Frank -- None Available
Saldana Frank $475,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angulo Jesus $292,500
Previous Owner Saldana Frank $451,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2013 03/25/13 Sold $390,000 -11.4% $159 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $440,000 -- $179 / 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 $7,143 $480,245 $221,651 $258,594
2024 $7,143 $470,829 $217,305 $253,524
2023 $7,023 $461,598 $213,045 $248,553
2022 $6,626 $452,548 $208,868 $243,680
2021 $6,537 $443,675 $204,773 $238,902
2020 $6,723 $439,127 $202,674 $236,453
2019 $6,336 $430,517 $198,700 $231,817
2018 $6,154 $422,076 $194,804 $227,272
2016 $5,810 $405,689 $187,241 $218,448
2015 $5,477 $399,596 $184,429 $215,167
2014 $5,481 $391,770 $180,817 $210,953
Source: Public Records

Agents Affiliated with this Home

  • Sean Ryan

    Seller's Agent in 2013

    Sean Ryan

    Coast Realty Solutions, Inc.

    (800) 585-4013

    50 Total Sales

    Sean Ryan
    Section Image

  • N

    Buyer's Agent in 2013

    Nino Fragoso

    The Real Estate Solution

    (562) 618-8950

    19 Total Sales

    Nino Fragoso
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837968

California Regional Multiple Listing Service (CRMLS)

APN: 6313-027-011

California Los Angeles County Maywood 90270

4316 E 56th St, Maywood, CA

Not Listed for Sale

MultiFamily

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