NOT LISTED FOR SALE

4326 W 164th St Lawndale, CA 90260

Estimated Value: $1,001,367 - $1,092,000

9 Beds
5 Baths
3,433 Sq Ft
$303/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $1,280,000 $373 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $6,506/month

2 Days on Market

About This Home

As of March 2020

This offering presents an amazing opportunity to invest in value-add apartment community in one of the most centrally located parts of the South Bay. With easy access to major employers off of Hawthorne Blvd and quick access to the freeway, this makes for a convenient location for tenants. Its proximity to the South Bay Galleria development site less than a mile away , gives this asset a clear long term strategy. That project alone should have huge impacts on values and market rents in the area. Current owner lives out of the area and has failed to raise rents over the years or manage the property correctly. Once renovated and rented at market, this will make for an incredible passive income asset with significant long term appreciation potential. Call for offers Jan 31st . Open to accepting offers beforehand with proof of funds. (one 3b2b and three 2b1b units)

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 12/30/2019

Last Buyer's Agent

Poul Erik Norgaard

Compass License #02013555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,308

Year Built

  • Built in 1949

Lot Details

  • 10,412 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,433 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4075-006-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,308

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 3433
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 407.52

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 242093
  • Assessed Land Value: 169714
  • Assessor Parcel Number: 4075-006-005
  • Geocode Override: No
  • Lot Size Area: 10412

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 22.32
  • Number Of Units: 4
  • Total Annual Expense: 24973
  • Type Of Units: bungalow
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Perez Gustavo C
Bought by
Gustavo C Perez Living Trust and Perez
Current Estimated Value
$1,037,565

Purchase Details

Listed on
Dec 30, 2019
Closed on
Feb 13, 2020
Sold by
Carr Richard A and Carr Carol
Bought by
Perez Gustavo C
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Poul Erik Norgaard
Compass
List Price
$1,500,000
Sold Price
$1,280,000
Premium/Discount to List
-$220,000
-14.67%

Purchase Details

Closed on
Apr 28, 2003
Sold by
Ollivares Raymond
Bought by
Carr Richard A and Carr Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.72%

Purchase Details

Closed on
Apr 24, 2003
Sold by
Ollivares Raymond and Ollivares Raymond L
Bought by
Carr Richard A and Carr Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.72%

Purchase Details

Closed on
Mar 13, 1997
Sold by
Bank Of America Nt & Sa
Bought by
Ollivares Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,100
Interest Rate
8.08%

Purchase Details

Closed on
Sep 25, 1996
Sold by
Broderick Ronald L and Broderick Candice M
Bought by
Bank Of America Nt & Sa and Security Pacific National Bank

Purchase Details

Closed on
Nov 29, 1993
Sold by
Broderick Candice M
Bought by
Broderick Ronald L
Source: Public Records

Range of Values:

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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
Gustavo C Perez Living Trust -- None Listed On Document
Perez Gustavo C $1,280,000 Chicago Title Company
Carr Richard A $330,000 Fidelity National Title Co
Carr Richard A $310,000 Fidelity National Title Co
Ollivares Raymond $103,000 Fidelity National Title
Bank Of America Nt & Sa $116,000 American Title Ins Co
Broderick Ronald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carr Richard A $401,250
Previous Owner Carr Richard A $460,400
Previous Owner Carr Richard A $460,400
Previous Owner Carr Richard A $264,000
Previous Owner Carr Richard A $248,000
Previous Owner Ollivares Raymond L $42,554
Previous Owner Ollivares Raymond $97,000
Previous Owner Ollivares Raymond $72,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold $1,280,000 -8.5% $373 / Sq Ft
01/13/2020 01/13/20 Price Changed $1,399,000 -6.7% $408 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $1,500,000 -- $437 / Sq Ft
Source: The MLS

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 $9,308 $710,865 $470,265 $240,600
2024 $9,308 $696,928 $461,045 $235,883
2023 $8,814 $683,263 $452,005 $231,258
2022 $8,818 $669,867 $443,143 $226,724
2021 $9,239 $656,733 $434,454 $222,279
2020 $6,036 $437,010 $180,101 $256,909
2019 $5,810 $428,442 $176,570 $251,872
2018 $5,660 $420,042 $173,108 $246,934
2016 $5,259 $403,734 $166,387 $237,347
2015 $5,125 $397,670 $163,888 $233,782
2014 $5,097 $389,881 $160,678 $229,203
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Weir

    Seller's Agent in 2020

    Jonathan Weir

    Marcus & Millichap

    (310) 909-5500

    68 Total Sales

    Section Image

  • P

    Buyer's Agent in 2020

    Poul Erik Norgaard

    Compass

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Map

Source: The MLS

MLS Number: 19-539200

The MLS

APN: 4075-006-005

California Los Angeles County Lawndale 90260

4326 W 164th St, Lawndale, CA

This home is located at 4326 W 164th St, Lawndale, CA 90260 since 30 December 2019 and is currently estimated at $1,039,592, approximately $302 per square foot. This property was built in 1949. 4326 W 164th St is a home located in Los Angeles County with nearby schools including William Anderson Elementary School, Will Rogers Middle School, and Leuzinger High School.

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