NOT LISTED FOR SALE

4634 W El Segundo Blvd Hawthorne, CA 90250

Estimated Value: $1,357,000 - $1,706,000

8 Beds
4 Baths
3,828 Sq Ft
$391/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $875,000 $229 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $9,055/month

162 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Accessible Parking
  • Landscaped
  • Laundry Room

About This Home

As of December 2016

The offering is a cash flow 4 plex with all large two bedroom one bath units that are over 800-850 square feet in a Highly sought after location of North/West Hawthorne, California. The two story wood-frame and stucco building has recently been painted, one of the units has been remodeled and received $1500 in rent. The other 3 units remain below the market rents at $1350 and are rented on a month to month basis. With remodeling the 3 other units can bring in at least $1,500 rent as well. The 2 double car shared garages allow 4 parking spaces so each tenant to have a secure parking space along with some storage as well. In addition there is some open parking between these garages and the rear of the property. The unique part of these large units is that they come with a washer and dryer room right off the kitchen area along with heir own water heater and separate entry door for nice ventilation.
The owners are selling and doing an exchange, but it is not a contingency to this sale. The property was entered as duplex (in error) and thus was overlooked by market.

Last Agent to Sell the Property

Bill Mulkey

TR Wealth Management Inc. License #00986020 Listed on: 08/08/2016

Last Buyer's Agent

Bill Mulkey

TR Wealth Management Inc. License #00986020 Listed on: 08/08/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,107

Year Built

  • Built in 1955

Lot Details

  • 5,122 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,828 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Gas and Electric Range
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Sewer Assessments
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 558
  • Assessor Parcel Number 4042002020

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $630
  • Insurance Expense $925
  • Maintenance Expense $2,800
  • Water Sewer Expense $2,569
  • New Taxes Expense $11,063
  • Gross Income $5,550
  • Net Operating Income $46,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,107

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.24
  • Price Per Unit: 221250
  • Property Attached: Yes
  • Water Sewer Expenses: 2569.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4042002020
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Master Bedroom, Electric
  • Levels: Two
  • Price Per Square Foot: 228.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped
  • Lot Size Sq Ft: 5122.00
  • Price Per Lot Square Foot: 172.78

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 630.00
  • Gross Income: 5550.00
  • Gross Multiplier: 13.28
  • Gross Scheduled Income: 66600.00
  • Gross Spendable Income: 11527.00
  • Insurance Expense: 925.00
  • Maintenance Expense: 2800.00
  • Net Operating Income: 46366.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18236.00
  • Operating Expense Percent: 27.38
  • Other Income Description: washer & dryerHookup each unit
  • Rent Control: No
  • Total Actual Rent: 5550.00
  • Vacancy Allowance: 1998
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11063.00
  • Tax Lot: 20
  • Tax Tract Number: 558

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Dec 7, 2016
Sold by
Lacayo Uberne J
Bought by
Weiss Jonathan
Seller's Agent
Bill Mulkey
TR Wealth Management Inc.
Buyer's Agent
Bill Mulkey
TR Wealth Management Inc.
List Price
$885,000
Sold Price
$875,000
Premium/Discount to List
-$10,000
-1.13%
Current Estimated Value
$1,496,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$621,005
Avg. Annual Appreciation
6.29%
Original Mortgage
$656,250
Outstanding Balance
$530,237
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$965,768

Purchase Details

Closed on
Mar 2, 2016
Sold by
Lacayo Uberne J
Bought by
Lacayo Uberne J and Lacayo Family Trust

Purchase Details

Listed on
Jul 26, 2015
Closed on
Oct 16, 2015
Sold by
Koch Lawrence R
Bought by
Lacayo Uberne and Fuchino Stacy
Seller's Agent
John Lahr
Edward Jenkins Realty
Buyer's Agent
Bill Mulkey
TR Wealth Management Inc.
List Price
$759,000
Sold Price
$750,000
Premium/Discount to List
-$9,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$562,500
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2006
Sold by
Koch Lawrence R and Davison Pamela J
Bought by
Koch Lawrence R

Purchase Details

Closed on
Jul 29, 2005
Sold by
Koch Lawrence R and Davison Pamela J
Bought by
Koch Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 13, 2003
Sold by
Koch Lawrence R
Bought by
Koch Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2003
Sold by
Davison Pamela J
Bought by
Koch Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2003
Sold by
Campazzie Dean J
Bought by
Koch Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2001
Sold by
Stubbe Clair C and Stubbe Arabelle
Bought by
Stubbe Arabelle
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
Weiss Jonathan $875,000 First American Title Company
Weiss Jonathan -- First American Title Company
Lacayo Uberne J -- None Available
Lacayo Uberne $750,000 Fidelity National Title Co
Koch Lawrence R -- Accommodation
Koch Lawrence R -- First American Title Co
Koch Lawrence R -- --
Koch Lawrence R -- Act
Koch Lawrence R $465,000 American Coast Title Co Inc
Stubbe Arabelle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weiss Jonathan $656,250
Previous Owner Lacayo Uberne $562,500
Previous Owner Koch Lawrence R $479,500
Previous Owner Koch Lawrence R $325,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2016 12/15/16 Sold $875,000 -1.1% $229 / Sq Ft
10/02/2016 10/02/16 Pending -- -- --
08/08/2016 08/08/16 Price Changed $885,000 0.0% $231 / Sq Ft
08/08/2016 08/08/16 For Sale $885,000 -1.1% $231 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
04/23/2016 04/23/16 For Sale $895,000 +19.3% $234 / Sq Ft
11/25/2015 11/25/15 Sold $750,000 -1.2% $196 / Sq Ft View Prior Sale
08/11/2015 08/11/15 Pending -- -- --
07/26/2015 07/26/15 For Sale $759,000 -- $198 / 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 $13,107 $1,015,505 $493,245 $522,260
2024 $13,107 $995,594 $483,574 $512,020
2023 $12,631 $976,074 $474,093 $501,981
2022 $12,811 $956,937 $464,798 $492,139
2021 $12,634 $938,175 $455,685 $482,490
2019 $12,194 $910,350 $442,170 $468,180
2018 $11,712 $892,500 $433,500 $459,000
2016 $9,866 $750,000 $300,000 $450,000
2015 $7,392 $550,088 $289,831 $260,257
2014 $7,367 $539,313 $284,154 $255,159
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16085388

California Regional Multiple Listing Service (CRMLS)

APN: 4042-002-020