NOT LISTED FOR SALE

4629 E 60th St Maywood, CA 90270

Estimated Value: $1,113,000 - $1,232,000

2 Beds
1 Bath
3,520 Sq Ft
$329/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $1,175,000 $334 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,244/month

47 Days on Market

About This Home

As of June 2024

Newly Remodeled Multi-Family Residence in Maywood! Fully occupied. Discover this investment gem featuring four units, each with 2 bedrooms and 1 bath.
Fully updated, each apartment boasts new kitchen cabinets and modern appliances, offering a fresh and contemporary living space.
Each unit offers a dedicated laundry room with washer and dryer included, ensuring convenience and comfort.
Situated on a spacious lot with a four-car garage plus an additional parking space for each unit.
This property combines convenience with potential. The large lot provides room for outdoor activities and possible building expansions.
Perfect for investors looking for a turnkey property in a desirable location, this listing promises excellent rental income and low maintenance.
Also perfect for someone looking to live in one unit and renting the other three.

Last Agent to Sell the Property

Armando Leandro

Lotus Leaf Realty Brokerage Phone: 562-244-3600 License #01223543 Listed on: 04/18/2024

Last Buyer's Agent

Armando Leandro

Lotus Leaf Realty Brokerage Phone: 562-244-3600 License #01223543 Listed on: 04/18/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,802 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 1853
  • Tax Tract Number 4185
  • Assessor Parcel Number 6314011018
  • $1,372 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $250
  • Water Sewer Expense $190
  • Operating Expense $440
  • Gross Income $10,000
  • Net Operating Income $8,594

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 190.00
  • Zoning: MYR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6314011018
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 333.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7802.00
  • Lot Size Acres: 0.1791
  • Latitude Manual: 33.98526800

Multi Family

  • Gross Income: 10000.00
  • Gross Scheduled Income: 10000.00
  • Insurance Expense: 250.00
  • Lot Size Area: 7802.0000 Square Feet
  • Net Operating Income: 8594.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1600.00
  • Rent Control: No
  • Total Expenses: 440.00

Tax Info

  • Tax Census Tract: 5337.02
  • Tax Lot: 1853
  • Tax Tract Number: 4185
  • TaxOtherAnnualAssessmentAmount: 1372.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 18, 2024
Sold by
Arias Properties Llc
Bought by
Group12 Llc
Seller's Agent
Armando Leandro
Lotus Leaf Realty
Buyer's Agent
Armando Leandro
Lotus Leaf Realty
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Views
32
Current Estimated Value
$1,159,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,921
Avg. Annual Appreciation
-0.91%
Original Mortgage
$881,250
Outstanding Balance
$869,379
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$289,700

Purchase Details

Closed on
Oct 13, 2023
Sold by
Arias Jose Juan and Arias Maribel
Bought by
Arias Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,132
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2006
Sold by
Lujan Elva R
Bought by
Lujan Elva R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.93%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Group12 Llc $1,175,000 None Listed On Document
Arias Properties Llc -- Accommodation/Courtesy Recordi
Lujan Elva R -- Sutic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group12 Llc $881,250
Previous Owner Arias Properties Llc $375,132
Previous Owner Lujan Elva R $368,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2024 06/26/24 Sold $1,175,000 -9.6% $334 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,300,000 +39.8% $369 / Sq Ft
11/01/2021 11/01/21 Sold $930,000 -6.5% $264 / Sq Ft View Prior Sale
09/13/2021 09/13/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $995,000 -- $283 / 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 $13,835 $1,198,500 $688,500 $510,000
2024 $13,835 $967,572 $551,412 $416,160
2023 $13,596 $948,600 $540,600 $408,000
2022 $12,882 $930,000 $530,000 $400,000
2021 $7,257 $478,547 $196,028 $282,519
2019 $7,037 $464,895 $190,214 $274,681
2018 $6,838 $455,791 $186,485 $269,306
2016 $6,411 $437,576 $179,245 $258,331
2015 $6,049 $431,004 $176,553 $254,451
2014 $6,057 $422,562 $173,095 $249,467
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24078008

California Regional Multiple Listing Service (CRMLS)

APN: 6314-011-018