NOT LISTED FOR SALE

4565 W 159th St Lawndale, CA 90260

Estimated Value: $1,059,000 - $1,337,000

4 Beds
4 Baths
2,144 Sq Ft
$574/Sq Ft Est. Value

Last Sold September 28, 2015

Last sale price $665,000 $310 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,651/month

16 Days on Market

About This Home

As of September 2015

-Non-Rent Controlled Asset - West of the 405 Freeway -Located in the Desirable Lawndale Rental Market -Short Commute to Beach Cities & the Ocean -Two Buildings - Totaling Four Units -No Common Area Electricity or Gas Expenses -Residential Asset - Qualifies for Attractive Financing -Turnkey Asset - Legitimate Upside in Rents & Re-Development Potential -Close Proximity to Retail Shops, Restaurants, Grocery Stores & the South Bay Galleria

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 08/11/2015

Co-Listed By

Gianluca Jacoli

Shield CRE, Inc. License #01938297

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,994

Year Built

  • Built in 1957

Lot Details

  • 5,459 Sq Ft Lot

Interior Spaces

  • 2,144 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Listing and Financial Details

  • Assessor Parcel Number 4080-024-014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Vacancy Allowance $1,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,994

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2144
  • Price Per Unit: 173750.00
  • Stories: 1
  • Year Built: 1957
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 324.16

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Expense: 2049.00

Fee Information

  • Insurance Expense: 779.00
  • Maintenance Expense: 1400.00
  • Other Expense: 1100.00
  • Trash Expense: 700.00

Lot Info

  • Assessed Improvement Value: 232746
  • Assessed Land Value: 191395
  • Assessor Parcel Number: 4080-024-014
  • Geocode Override: No
  • Lot Size Area: 5459

Rental Info

  • Total Actual Rent: 42540.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.34
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 15316
  • Type Of Units: 1 Bdr
  • Vacancy Allow: 1276
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 8688.00
  • Tax Percent: 1.25
  • Tax Total: 8688.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2015
Closed on
Sep 3, 2015
Sold by
Kaminski Jeff
Bought by
Abundant Investments Llc
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$695,000
Sold Price
$665,000
Premium/Discount to List
-$30,000
-4.32%
Current Estimated Value
$1,230,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,006
Avg. Annual Appreciation
6.43%
Original Mortgage
$532,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1999
Sold by
Jensen Daniel E and Jensen Sheryl A
Bought by
Belay Feven T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
4.45%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Millea Michael F and Millea Barbara A
Bought by
Jensen Daniel E and Jensen Sheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,800
Interest Rate
7.02%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Abundant Investments Llc $665,000 Chicago Title
Belay Feven T $204,000 Southland Title Corporation
Jensen Daniel E $185,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abundant Investments Llc $1,720,000
Closed Abundant Investments Llc $168,000
Closed Abundant Investments Llc $1,387,500
Closed Abundant Investments Llc $532,000
Previous Owner Kaminski Jeff $265,000
Previous Owner Kaminski Jeff R $100,000
Previous Owner Kaminski Jeff R $95,000
Previous Owner Kaminski Jeff $267,000
Previous Owner Belay Feven T $195,000
Previous Owner Belay Feven T $183,600
Previous Owner Jensen Daniel E $147,800
Closed Jensen Daniel E $18,475
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2015 09/28/15 Sold $665,000 -4.3% $310 / Sq Ft
08/11/2015 08/11/15 For Sale $695,000 -- $324 / Sq Ft
Source: The MLS

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 $10,994 $787,219 $432,083 $355,136
2024 $10,994 $771,784 $423,611 $348,173
2023 $10,442 $756,652 $415,305 $341,347
2022 $10,443 $741,816 $407,162 $334,654
2021 $10,199 $727,272 $399,179 $328,093
2019 $9,846 $706,262 $387,340 $318,922
2018 $9,646 $692,426 $379,746 $312,680
2016 $8,921 $665,000 $365,000 $300,000
2015 $6,173 $432,615 $195,219 $237,396
2014 $6,149 $424,141 $191,395 $232,746
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2015

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    6 in this area

    72 Total Sales

    Section Image
  • Gianluca Jacoli

    Seller Co-Listing Agent in 2015

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    2 in this area

    47 Total Sales

    Section Image

  • S

    Buyer's Agent in 2015

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 15-931593

The MLS

APN: 4080-024-014

California Los Angeles County Lawndale 90260

4565 W 159th St, Lawndale, CA

This home is located at 4565 W 159th St, Lawndale, CA 90260 since 11 August 2015 and is currently estimated at $1,230,006, approximately $573 per square foot. This property was built in 1957. 4565 W 159th St is a home located in Los Angeles County with nearby schools including Billy Mitchell Elementary School, Jane Addams Middle School, and Lawndale High School.

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