Seller's Agent in 2018
Catherine Salerno
Berkshire Hathaway HomeServices California Properties
(310) 493-6463
16 Total Sales
4583 W 120th St Hawthorne, CA 90250
Estimated Value: $1,361,000 - $1,648,771
10
Beds
5
Baths
4,653
Sq Ft
$333/Sq Ft
Est. Value
Highlights
- No HOA
- Level Lot
- Wood Siding
- Laundry Room
About This Home
As of April 2018This well maintained 4 unit building is located in a highly desirable area of Hawthorne. There is a 4 bedroom/ 2 bath town home, 3 bedroom/ 1.75 bath town home, 2 bedroom/ 1 bath unit plus 1 bedroom/1 bath. The current rents are BELOW market value, due to long term tenants. All units have in unit laundry hook ups. NO RENT CONTROL. There are carports for parking with some storage space. Subject to interior inspection. Please DO NOT DISTURB OCCUPANTS!! Back on Market--Subject to cancellation of current escrow! This is a great property with a lot of potential!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01241119 Listed on: 02/09/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,952
Year Built
- Built in 1964
Lot Details
- 5,942 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Property Attached
- Wood Siding
- Stucco
Interior Spaces
- 4,653 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Tax Lot 11
- Tax Tract Number 6021
- Assessor Parcel Number 4044022002
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Insurance Expense $1,000
- Professional Management Expense $1,800
- Trash Expense $400
- Water Sewer Expense $1,000
- New Taxes Expense $1,437
- Operating Expense $19,000
- Gross Income $65,000
- Net Operating Income $46,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2018
Closed on
Mar 28, 2018
Sold by
Reid Ryan
Bought by
Ajnassian Rahmat and Ajnassian Carrie
Seller's Agent
Catherine Salerno
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Alex Adhami
Advance Home Realty Inc.
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,443
Avg. Annual Appreciation
4.65%
Original Mortgage
$825,000
Outstanding Balance
$709,321
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$840,122
Purchase Details
Closed on
Jun 26, 2006
Sold by
Manikkage Jayani
Bought by
Reid Ryan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Nov 20, 2003
Sold by
Beavert Kyle W
Bought by
Manikkage Jayani
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,950
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 13, 2002
Sold by
Baghramian Martin G and Baghramian Adele M
Bought by
Beavert Kyle W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.25%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ajnassian Rahmat | $1,100,000 | Ticor Title Company | |
| Ajnassian Ebrahim | -- | Ticor Title Company | |
| Reid Ryan | $970,000 | Lawyers Title | |
| Manikkage Jayani | -- | Lawyers Title | |
| Beavert Kyle W | $410,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ajnassian Rahmat | $825,000 | |
| Previous Owner | Reid Ryan | $776,000 | |
| Previous Owner | Manikkage Jayani | $399,950 | |
| Previous Owner | Beavert Kyle W | $328,000 | |
| Closed | Beavert Kyle W | $61,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2018 04/17/18 | Sold | $1,100,000 | -12.0% | $236 / Sq Ft |
| 03/04/2018 03/04/18 | Pending | -- | -- | -- |
| 02/09/2018 02/09/18 | For Sale | $1,250,000 | -- | $269 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $15,952 | $1,251,608 | $625,804 | $625,804 |
| 2024 | $15,952 | $1,227,068 | $613,534 | $613,534 |
| 2023 | $15,367 | $1,203,008 | $601,504 | $601,504 |
| 2022 | $15,590 | $1,179,420 | $589,710 | $589,710 |
| 2021 | $15,369 | $1,156,296 | $578,148 | $578,148 |
| 2019 | $14,829 | $1,122,000 | $561,000 | $561,000 |
| 2018 | $13,110 | $1,004,000 | $495,700 | $508,300 |
| 2016 | $10,263 | $780,000 | $385,100 | $394,900 |
| 2015 | $10,175 | $780,000 | $385,100 | $394,900 |
| 2014 | $8,380 | $620,000 | $306,100 | $313,900 |
Source: Public Records
Agents Affiliated with this Home
-
Catherine Salerno
-
Alex Adhami
Buyer's Agent in 2018
Alex Adhami
Advance Home Realty Inc.
(310) 710-6160
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18032041
APN: 4044-022-002
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