NOT LISTED FOR SALE

4559 W 172nd St Lawndale, CA 90260

Estimated Value: $906,000 - $1,123,018

5 Beds
3 Baths
1,968 Sq Ft
$516/Sq Ft Est. Value

Last Sold July 16, 2014

Last sale price $563,000 $286 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,209/month

80 Days on Market

Highlights

  • Fireplace in Bathroom
  • Laundry Room
  • Carpet
  • No HOA
  • Ceiling Fan
  • Wall Furnace

About This Home

As of July 2014

Two separate Houses on One lot. One 3 Bedroom 2 Bathroom house in front @ 4559 W 172nd St & One 2 Bedroom 1 Bath House in rear @ 4561 W 172nd St. Both have 1 car Garages, yards and 1 Car off Street parking. Great South Lawndale Neighborhood & South Bay Location. Only 3 blocks to Redondo Beach South Bay Gallery shopping, dining, Movie theaters & more. Only 3 Miles to the Ocean & World class beaches. Also close to 91 & 405 Freeways. Both Houses are well kept with newer windows, newer garage doors, carpet and wood laminate floors Plus indoor laundry areas. Both sets of Tenant occupied with good long term tenants wishing to stay. This is a Regular Sale, Not a short sale or REO. This property could be great for investors or someone looking for an alternative to A single family house.

Last Agent to Sell the Property

Christopher Ponsonby

The Real Estate Store License #01074447 Listed on: 04/12/2014

Co-Listed By

Anabela Rossi

The Real Estate Store License #01056098

Last Buyer's Agent

syii tucker

Tucker Realty License #01728757

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,594

Year Built

  • Built in 1962

Lot Details

  • 5,802 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 1,968 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Wall Furnace
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 662
  • Tax Tract Number 5568
  • Assessor Parcel Number 4081023031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $323
  • Water Sewer Expense $2,003
  • New Taxes Expense $5,000
  • Gross Income $3,100
  • Net Operating Income $33,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,594

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: Ceiling fans
  • Other Phone Description: Anabela Broker
  • Other Phone Number: 310 569-3340
  • Price Per Unit: 280000
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2003.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 4081023031
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Vinyl
  • Entry Level: 1
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 286.08
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 323.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5802.00
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 850
  • Average3 Bed Area: 1118
  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5802.0000 Square Feet
  • Net Operating Income: 33604.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 3596.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 662
  • Tax Tract Number: 5568
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2019
Sold by
Nichols Shawn and Rodriguez Fernando Galbvez
Bought by
Nichols Shawn
Current Estimated Value
$1,015,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,185
Outstanding Balance
$526,230
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$498,156

Purchase Details

Listed on
Apr 12, 2014
Closed on
Jul 11, 2014
Sold by
Heine Gary and The Gary Heine Family Trust
Bought by
Galvez Nichols Shawn and Galvez Rodriguez Fernando
Seller's Agent
Christopher Ponsonby
The Real Estate Store
Buyer's Agent
syii tucker
Tucker Realty
List Price
$560,000
Sold Price
$563,000
Premium/Discount to List
$3,000
0.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$486,924
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2012
Sold by
Heine Gary
Bought by
Heine Gary and Gary Heine Family Trust

Purchase Details

Closed on
Jan 6, 2005
Sold by
Fernandez Virginia
Bought by
Heine Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2004
Sold by
Schafer Emil and Schafer Survivors Trust
Bought by
Fernandez Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2004
Sold by
Schafer Emil and Emil & Sylvia M Schafer Living
Bought by
Schafer Emil and Schafer Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 1993
Sold by
Schafer Emil and Schafer Sylvia M
Bought by
Schafer Emil and Schafer Sylvia M
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
Nichols Shawn -- Chicago Title Company
Galvez Nichols Shawn $563,000 Chicago Title
Heine Gary -- None Available
Heine Gary $560,000 Investors Title Company
Fernandez Virginia $385,000 Alliance Title
Schafer Emil -- --
Schafer Emil -- --
Schafer Emil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Shawn $592,185
Previous Owner Nichols Shawn $483,312
Previous Owner Galvez Nichols Shawn $486,924
Previous Owner Heine Gary $454,000
Previous Owner Heine Gary $448,000
Previous Owner Fernandez Virginia $365,750
Previous Owner Fernandez Virginia H $300,001
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2014 07/16/14 Sold $563,000 +0.5% $286 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
04/12/2014 04/12/14 For Sale $560,000 -- $285 / 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 $9,594 $730,929 $399,001 $331,928
2024 $9,594 $716,598 $391,178 $325,420
2023 $9,087 $702,548 $383,508 $319,040
2022 $9,091 $688,774 $375,989 $312,785
2021 $8,855 $675,269 $368,617 $306,652
2020 $8,872 $668,346 $364,838 $303,508
2019 $7,956 $606,568 $323,216 $283,352
2018 $7,761 $594,676 $316,879 $277,797
2016 $7,210 $571,585 $304,575 $267,010
2015 $7,023 $563,000 $300,000 $263,000
2014 $6,324 $495,000 $450,000 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14075609

California Regional Multiple Listing Service (CRMLS)

APN: 4081-023-031