NOT LISTED FOR SALE

4714 W 173rd St Lawndale, CA 90260

Estimated Value: $919,000 - $1,219,591

5 Beds
3 Baths
2,231 Sq Ft
$502/Sq Ft Est. Value

Last Sold August 22, 2013

Last sale price $605,000 $271 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,655/month

7 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Living Room
  • Bungalow

About This Home

As of August 2013

Great Bread and Butter Tri-plex in the best most extreme southwest location in the City, just a stones throw to Redondo Beach in two directions. Close to South Bay Galleria, and only a couple miles to the Beach, this is an excellet rental property with great long term potential. The street to alley set up provides for easy access parking with room for 4 cars on the front drive, and a private 2-car garage on the alley along with a 2-car caport, so there is a total of 8 off street parking spaces on site, in addition to a front yard and side/rear patios for use by the tenants. The rear house just became vacant and the owner is in the process of readying it to rerent. The front two units have laundry rooms and the rear unit has laundry hook-ups in the garage. The middle unit has a completely remodeled kitchen and bath with granite counters and maple cabinets, and it has oak hardwood floors. The rear unit was partially remodeled, as was the front unit. The roofs are under 10 years of age. No carpet in any of the units. Laminate floors in the ront and the rear unit. This is one nice property and it will not last.

Last Agent to Sell the Property

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 07/16/2013

Last Buyer's Agent

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 07/16/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,773 Sq Ft Lot
  • Lot Dimensions are 50 x 115
  • 1 Common Wall
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Front Yard

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,231 Sq Ft Home
  • Living Room

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, repairs
  • Tax Lot 818
  • Tax Tract Number 5568
  • Assessor Parcel Number 4081008010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $700
  • Maintenance Expense $2,340
  • Trash Expense $480
  • Water Sewer Expense $1,440
  • New Taxes Expense $6,590
  • Gross Income $3,400
  • Net Operating Income $34,890

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

5,773 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.82
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1440.00
  • Zoning: R-3
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 4081008010
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 271.18
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Individual Room, Washer Hookup
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Lot Features: Front Yard, Level, Level with Street, Near Public Transit
  • Lot Size: 50 X 115
  • Lot Size Sq Ft: 5773.00
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Electricity, Gas, Repairs

Multi Family

  • Average1 Bed Area: 540
  • Average2 Bed Area: 845
  • Gross Income: 3400.00
  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 700.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5773.0000 Square Feet
  • Maintenance Expense: 2340.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 34890.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 11910.00
  • Operating Expense Percent: 28.50
  • Rent Control: No
  • Total Actual Rent: 3400.00

Tax Info

  • New Taxes Expense: 6590.00
  • Tax Lot: 818
  • Tax Tract Number: 5568
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2013
Closed on
Aug 6, 2013
Sold by
Lutz Greg and Lutz Ann
Bought by
Molina Aida
Seller's Agent
Robert Freedman
DOMO Real Estate
Buyer's Agent
Robert Freedman
DOMO Real Estate
List Price
$599,122
Sold Price
$605,000
Premium/Discount to List
$5,878
0.98%
Current Estimated Value
$1,120,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,148
Avg. Annual Appreciation
5.02%
Original Mortgage
$453,750
Outstanding Balance
$338,020
Interest Rate
4.51%
Mortgage Type
New Conventional
Estimated Equity
$782,128

Purchase Details

Closed on
Jun 11, 2004
Sold by
Lutz Greg and Trost Warren L
Bought by
Lutz Greg and Lutz Ann

Purchase Details

Closed on
Mar 26, 2003
Sold by
Lutz Ann C
Bought by
Lutz Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2003
Sold by
Miller James R
Bought by
Lutz Greg and Trost Warren L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2000
Sold by
Miller Mary J
Bought by
Miller James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,326
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 2000
Sold by
Deritis Richard G
Bought by
Miller James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,326
Interest Rate
7.84%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Molina Aida $605,000 Provident Title Company
Lutz Greg -- North American Title Co
Lutz Greg -- Fidelity
Lutz Greg $425,000 Fidelity National Title
Miller James R -- Fidelity Title
Miller James R $252,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molina Aida $453,750
Previous Owner Lutz Greg $340,000
Previous Owner Miller James R $250,326
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2013 08/22/13 Sold $605,000 +1.0% $271 / Sq Ft
07/23/2013 07/23/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $599,122 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,929 $741,634 $490,338 $251,296
2024 $9,929 $727,093 $480,724 $246,369
2023 $9,411 $712,838 $471,299 $241,539
2022 $9,414 $698,861 $462,058 $236,803
2021 $9,179 $685,159 $452,999 $232,160
2020 $9,196 $678,135 $448,355 $229,780
2019 $8,848 $664,839 $439,564 $225,275
2018 $8,648 $651,804 $430,946 $220,858
2016 $8,023 $626,496 $414,213 $212,283
2015 $7,815 $617,087 $407,992 $209,095
2014 $7,769 $605,000 $400,000 $205,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13140609

California Regional Multiple Listing Service (CRMLS)

APN: 4081-008-010

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