NOT LISTED FOR SALE
11 Beds
6 Baths
5,395 Sq Ft
7,807 Sq Ft Lot

Sale Details

Date Sold: August 10, 2021

Last sale price $1,550,000 $287 Per Sq Ft

49 Days on Market

Highlights

  • Dual Staircase
  • Closed Circuit Camera
  • Carpet
  • Laundry Room
  • 5 Attached Carport Spaces
  • Wall Furnace

About This Home

As of August 2021

Reily Investments is proud to present this income generating, 5-unit complex located in North Hawthorne, just minutes away from Northrop Grumman and SpaceX. This building consists of (1) 3 Beds, 2 Bath and (4) 2 Beds, 1 Bath units and a total of 5 carport spaces. It’s currently generating a total of $94,464 in yearly rental income with an additional laundry income of $3,000. The units are in great condition and has a potential upside in rents. The front unit has laundry hook-up and the upstairs unit has a balcony. Please do not disturb tenants.

Last Agent to Sell the Property

Rick Pranada

Reily Investments, Inc License #01407875 Listed on: 04/06/2021

Last Buyer's Agent

George Gorgy

Premier Investors R.E., Inc. License #01145543

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,807 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Interior Block Wall
  • Composition Roof

Interior Spaces

  • 5,395 Sq Ft Home
  • Dual Staircase
  • Family Room with Fireplace
  • Closed Circuit Camera
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 244
  • Tax Tract Number 1
  • Assessor Parcel Number 4044016007

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,724
  • Other Expense $1,834
  • Trash Expense $2,537
  • Water Sewer Expense $3,228
  • New Taxes Expense $19,938
  • Operating Expense $30,311
  • Gross Income $97,464
  • Net Operating Income $67,153

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,807 Sq Ft Lot

Listing Details

  • CapRate: 4.21
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Closed Circuit Camera(s)
  • View: No
  • Water Sewer Expenses: 3228.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4044016007
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Block Walls
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 287.30
  • Room Type: Laundry

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2537.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7807.00
  • Lot Size Acres: 0.1792

Multi Family

  • Gross Income: 97464.00
  • Gross Multiplier: 16.36
  • Gross Scheduled Income: 97464.00
  • Insurance Expense: 1724.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3000.00
  • Lot Size Area: 7807.0000 Square Feet
  • Net Operating Income: 67153.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Patio: 1
  • Number With Range: 5
  • Operating Expense: 30311.00
  • Other Expense: 1834.00
  • Other Expense Description: Gas
  • Rent Control: Yes
  • Total Actual Rent: 7872.00
  • Total Expenses: 30311.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 19938.00
  • Tax Census Tract: 6021.03
  • Tax Lot: 244
  • Tax Tract Number: 1

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $1,550,000 -2.8% $287 / Sq Ft
05/04/2021 05/04/21 Price Changed $1,595,000 -3.3% $296 / Sq Ft
04/06/2021 04/06/21 For Sale $1,650,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,135 $1,644,872 $1,061,208 $583,664
2024 $21,249 $1,612,620 $1,040,400 $572,220
2023 $20,479 $1,581,000 $1,020,000 $561,000
2022 $20,773 $1,550,000 $1,000,000 $550,000
2021 $14,719 $1,052,583 $488,541 $564,042
2020 $14,677 $1,041,791 $483,532 $558,259
2019 $14,223 $1,021,364 $474,051 $547,313
2018 $13,654 $1,001,338 $464,756 $536,582
2016 $12,976 $962,457 $446,710 $515,747
2015 $12,694 $948,000 $440,000 $508,000
2014 $8,150 $565,381 $310,882 $254,499
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21071961

California Regional Multiple Listing Service (CRMLS)
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