NOT LISTED FOR SALE

4525 W Broadway Hawthorne, CA 90250

Estimated Value: $894,000 - $1,054,000

5 Beds
4 Baths
2,336 Sq Ft
$423/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $925,000 $396 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,432/month

About This Home

As of August 2021

For Comparable Only

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 08/25/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,576

Year Built

  • Built in 1949

Lot Details

  • 6,324 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,336 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 10 / U
  • Tax Tract Number 10
  • Assessor Parcel Number 4041003035
  • $923 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $818
  • Maintenance Expense $2,023
  • Trash Expense $800
  • Water Sewer Expense $800
  • New Taxes Expense $11,188
  • Operating Expense $18,428
  • Gross Income $50,580
  • Net Operating Income $30,634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,576

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.42
  • Price Per Unit: 223750
  • Property Attached: Yes
  • Water Sewer Expenses: 800.00
  • Zoning: HAR4YY
  • Property Type: Residential Income
  • Parcel Number: 4041003035
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 395.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6324.00
  • Lot Size Acres: 0.1452

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Income: 50580.00
  • Gross Multiplier: 17.69
  • Gross Scheduled Income: 50580.00
  • Insurance Expense: 818.00
  • Lot Size Area: 6324.0000 Square Feet
  • Maintenance Expense: 2023.00
  • Net Operating Income: 30634.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18428.00
  • Rent Control: No
  • Total Actual Rent: 4215.00
  • Total Expenses: 18428.00

Tax Info

  • New Taxes Expense: 11188.00
  • Tax Block: U
  • Tax Census Tract: 6021.06
  • Tax Lot: 10
  • Tax Tract Number: 10
  • TaxOtherAnnualAssessmentAmount: 923.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Aug 11, 2021
Sold by
Scott Drolet Trust and Drolet James Scott
Bought by
Dreamwork Development Llc
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
List Price
$895,000
Sold Price
$925,000
Premium/Discount to List
$30,000
3.35%
Current Estimated Value
$988,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,000
Avg. Annual Appreciation
1.68%
Original Mortgage
$956,700
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 7, 2017
Sold by
Drolet James Scott
Bought by
Drolet James Scott and Scott Drolet Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2014
Sold by
Drolet James Scott
Bought by
Drolet James Scott and Scott Drolet Trust

Purchase Details

Closed on
Nov 17, 2004
Sold by
Woodard William
Bought by
Drolet James Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,200
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 2000
Sold by
Woodward Renell
Bought by
Woodard William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.86%

Purchase Details

Closed on
Sep 16, 1997
Sold by
Woodard Renell
Bought by
Woodard William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
7.45%

Purchase Details

Closed on
Aug 21, 1997
Sold by
Anderson Don H Tr Don H Anderson Trust
Bought by
Woodard William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
7.45%
Source: Public Records

Range of Values:

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Average Value
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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
Dreamwork Development Llc $925,000 First American Title Company O
Drolet James Scott -- North American Title
Drolet James Scott -- North American Title
Drolet James Scott -- None Available
Drolet James Scott $466,000 Fidelity National Title Co
Woodard William -- First Southwestern Title
Woodard William -- Investors Title Company
Woodard William $188,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dreamwork Development Llc $1,000,000
Closed Dreamwork Development Llc $956,700
Previous Owner Drolet James Scott $588,000
Previous Owner Drolet James Scott $498,750
Previous Owner Drolet James Cott $520,200
Previous Owner Drolet James Scott $560,000
Previous Owner Drolet James Scott $540,000
Previous Owner Drolet James Scott $536,250
Previous Owner Drolet James Scott $200,000
Previous Owner Drolet James Scott $326,200
Previous Owner Woodard William $300,000
Previous Owner Woodard William $278,000
Previous Owner Woodard William $247,500
Previous Owner Woodard William $220,000
Previous Owner Woodard William $168,750
Previous Owner Woodard William $31,950
Previous Owner Woodard William $50,000
Previous Owner Woodard William $141,000
Closed Woodard William $37,600
Closed Drolet James Scott $139,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $925,000 +3.4% $396 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $895,000 -- $383 / 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 $12,576 $981,616 $636,724 $344,892
2024 $12,576 $962,370 $624,240 $338,130
2023 $12,115 $943,500 $612,000 $331,500
2022 $12,290 $925,000 $600,000 $325,000
2021 $8,340 $600,087 $386,323 $213,764
2020 $8,316 $593,935 $382,362 $211,573
2019 $8,057 $582,290 $374,865 $207,425
2018 $7,742 $570,873 $367,515 $203,358
2016 $7,086 $525,000 $326,600 $198,400
2015 $6,628 $492,000 $306,100 $185,900
2014 $6,217 $450,000 $280,000 $170,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21187944

California Regional Multiple Listing Service (CRMLS)

APN: 4041-003-035