NOT LISTED FOR SALE

4558 W 173rd St Lawndale, CA 90260

9 Beds
8 Baths
4,068 Sq Ft
1958 Built

Last Sold October 31, 2018

Last sale price $1,450,000 $356 Per Sq Ft

6 Days on Market

About This Home

As of October 2018

We are pleased to present 4558 W 173rd street, a multi-family 8-unit property. This property includes 1-(2 bed/1 bath) and 7-(1 beds/1 bath) along with 8 parking spaces and sufficient street parking directly off of 173rd. There is currently no rent control in Lawndale which gives the new owner strong upside potential, with a current cap rate of 4.56% and proforma of 5.83%.
Located at the heart of the South Bay and a short walking distance to restaurants, retail and entertainment, as well as quick freeway access this property maintains its desirability and represents an excellent opportunity for investors of all kinds.

Last Agent to Sell the Property

Charles Fisher

Estate Properties License #01731424 Listed on: 09/14/2018

Estate Properties

Last Buyer's Agent

Charles Fisher

Estate Properties License #01731424 Listed on: 09/14/2018

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,727 Sq Ft Lot
  • Two or More Common Walls
  • Lot Sloped Down

Home Design

  • Property Attached
  • Tar and Gravel Roof

Interior Spaces

  • 4,068 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 834
  • Tax Tract Number 5568
  • Assessor Parcel Number 4081025047

Community Details

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $845
  • Fuel Expense $1,823
  • Insurance Expense $4,894
  • Maintenance Expense $1,426
  • Pest Control $973
  • Trash Expense $2,245
  • Water Sewer Expense $3,401
  • New Taxes Expense $16,237
  • Operating Expense $31,844
  • Gross Income $94,620
  • Net Operating Income $58,046

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 4.56
  • Property Attached: Yes
  • Water Sewer Expenses: 3401.00
  • Zoning: LNR3PY
  • Property Type: Residential Income
  • Parcel Number: 4081025047
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 356.44

Exterior Features

  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 972.50
  • Sewer: Public Sewer
  • Trash Expense: 2245.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size Sq Ft: 5727.00

Multi Family

  • Average1 Bed Area: 508 Square Feet
  • Electric Expense: 845.00
  • Fuel Expense: 1823.00
  • Gross Income: 94620.00
  • Gross Multiplier: 13.70
  • Gross Operating Income: 89889.00
  • Gross Scheduled Income: 94620.00
  • Insurance Expense: 4894.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 720.00
  • Maintenance Expense: 1426.00
  • Net Operating Income: 58045.50
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 31843.50
  • Operating Expense Percent: 33.65
  • Rent Control: No
  • Total Actual Rent: 7885.00
  • Total Expenses: 31843.50
  • Vacancy Allowance: 4731
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16237.00
  • Tax Census Tract: 6040.02
  • Tax Lot: 834
  • Tax Tract Number: 5568

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
10/31/2018 10/31/18 Sold $1,450,000 +11.6% $356 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $1,299,000 -- $319 / 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: SB18225581

California Regional Multiple Listing Service (CRMLS)