NOT LISTED FOR SALE

4415 W 168th St Lawndale, CA 90260

10 Beds
10 Baths
4,000 Sq Ft
5,798 Sq Ft Lot

Last Sold March 09, 2012

Last sale price $925,000 $231 Per Sq Ft

387 Days on Market

Highlights

  • Traditional Architecture
  • Living Room Balcony
  • Forced Air Heating System
  • No HOA
  • Laundry Room
  • 4-minute walk to William Green Park

About This Home

As of March 2012

This is a Tremendous investment opportunity on a corner lot in an excellent Lawndale location. The units are well laid out and the corner location provides for plenty of natural light. 5 two bedrooms, each with 2 baths. Check out these features: All units are townhome style with direct access to private 2-car garages. Each unit has washer and dryer hookups, vaulted ceilings and balconies. There are even individual hot water heaters in each unit. Priced to sell. Built in 1988, there are more modern amenities in this buiding than what you generally see in other buildings in the area. This is an excellent first time investment or a great trade up from a smaller, older duplex. Very easy to manage as well, virtually no vacancies with some upside on rents. Call for a setup. Offers are subject to inspection. The best property in lovely little Lawndale. A solid investment opportunity especially for a first time investor.

Last Agent to Sell the Property

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 01/26/2011

Last Buyer's Agent

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 01/26/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,798 Sq Ft Lot
  • Lot Dimensions are 40 x 146
  • Level Lot

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,000 Sq Ft Home
  • Living Room Balcony
  • Carpet

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 178
  • Tax Tract Number 5568
  • Assessor Parcel Number 4081032017

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $30
  • Gardener Expense $600
  • Insurance Expense $3,297
  • Maintenance Expense $4,152
  • Professional Management Expense $4,152
  • Trash Expense $2,015
  • Water Sewer Expense $2,853
  • New Taxes Expense $12,089
  • Gross Income $6,920
  • Net Operating Income $52,822

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.93
  • Price Per Unit: 200000
  • Professional Management Expense: 4152.00
  • Subdivision Name Other: North Lawndale
  • View: No
  • Water Sewer Expenses: 2853.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4081032017
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Living Room Balcony
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 231.25

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Common Area, Gas Dryer Hookup, Inside
  • Sewer: Sewer Paid
  • Trash Expense: 2015.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Hot Water, Water
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Level
  • Lot Size: 40 X 146
  • Lot Size Sq Ft: 5798.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800
  • Electric Expense: 30.00
  • Gross Income: 6920.00
  • Gross Multiplier: 13.23
  • Gross Scheduled Income: 83040.00
  • Insurance Expense: 3297.00
  • Lot Size Area: 5798.0000 Square Feet
  • Maintenance Expense: 4152.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 52822.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Drapes: 5
  • Number With Patio: 2
  • Number With Range: 5
  • Operating Expense: 29388.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 6920.00

Tax Info

  • New Taxes Expense: 12089.00
  • Tax Area: 12711
  • Tax Lot: 178
  • Tax Tract Number: 5568
  • Tax Year: 2010

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2012 03/09/12 Sold $925,000 -15.8% $231 / Sq Ft
02/17/2012 02/17/12 Pending -- -- --
01/26/2011 01/26/11 For Sale $1,099,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11010509

California Regional Multiple Listing Service (CRMLS)