NOT LISTED FOR SALE

4742 W 162nd St Lawndale, CA 90260

Estimated Value: $1,006,000 - $1,247,104

6 Beds
3 Baths
2,454 Sq Ft
$466/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2017

Last sale price $790,000 $322 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,138 / mo

57 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Granite Countertops
  • Jane Addams Middle School Rated 9+
  • Wood Flooring
  • Whole House Fan

About This Home

As of September 2017

Location, location, location. This investment property is located in a highly sought after area of Lawndale. This subject property features two units on a large lot size of 5,206 square feet with a total of 6 bedrooms, 2 3/4 baths and 2,454 rentable square feet. The area offers easy access to freeways: located west of the 405 freeway and a few blocks from Manhattan Beach Blvd. The front unit is a two-story unit with granite counter tops, wood floors, new wall heater and new carpeting. The rear unit is a one story, 2 bedroom plus 1 bathroom house with granite counter tops, ceramic flooring, fireplace and new carpeting.

Last Agent to Sell the Property

Jerry Goble

Berkshire Hathaway Home Srvs License #01939171 Listed on: 06/07/2017

Berkshire Hathaway Home Srvs

Last Buyer's Agent

richard tsao

New Century Prop. & Inv. License #00985459

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,206 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Brick Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,454 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Whole House Fan
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 54
  • Tax Tract Number 5781
  • Assessor Parcel Number 4080009012

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $790
  • Trash Expense $1,341
  • New Taxes Expense $10,134
  • Operating Expense $12,265
  • Gross Income $52,147
  • Net Operating Income $38,318

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,206 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.64
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: LNR2YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 4080009012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Price Per Square Foot: 321.92
  • Room Type: Kitchen, Living Room, Master Bathroom
  • Window Features: Drapes

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1341.00
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Paved, Walkstreet
  • Lot Size Sq Ft: 5206.00
  • Lot Size Acres: 0.1195

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 52147.00
  • Gross Multiplier: 15.82
  • Gross Operating Income: 50583.00
  • Gross Scheduled Income: 52147.00
  • Insurance Expense: 790.00
  • Lot Size Area: 5206.0000 Square Feet
  • Net Operating Income: 38318.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 12265.00
  • Rent Control: No
  • Total Expenses: 12265.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10134.00
  • Tax Census Tract: 6040.01
  • Tax Lot: 54
  • Tax Tract Number: 5781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2018
Sold by
Wang Tao
Bought by
Lin Suhua
Current Estimated Value
$1,148,782

Purchase Details

Listed on
Jun 7, 2017
Closed on
Sep 11, 2017
Sold by
Dang Tuan Tran
Bought by
Wang Tao and Lin Suhua
Seller's Agent
Jerry Goble
Berkshire Hathaway Home Srvs
Buyer's Agent
richard tsao
New Century Prop. & Inv.
List Price
$825,000
Sold Price
$790,000
Premium/Discount to List
-$35,000
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$490,000
Outstanding Balance
$408,536
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$734,490

Purchase Details

Closed on
Apr 4, 2000
Sold by
Tamayo Rosalio M
Bought by
Dang Tuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.25%

Purchase Details

Closed on
Jan 31, 1997
Sold by
Limon Lilia
Bought by
Vargas Alberto Limon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 30, 1997
Sold by
Tamayo Leticia
Bought by
Tamayo Rosalio M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 9, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Tamayo Rosalio M and Vargas Alberto Limon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 14, 1996
Sold by
Greig Douglas A
Bought by
Glendale Federal Bank Fsb
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Lin Suhua -- None Available
Wang Tao $790,000 First American Title Company
Dang Tuan $260,000 Fidelity Title
Tamayo Rosalio M -- Fidelity Title
Vargas Alberto Limon -- Benefit Land Title Company
Tamayo Rosalio M -- Benefit Land Title
Tamayo Rosalio M $180,000 Benefit Land Title
Glendale Federal Bank Fsb $253,298 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Tao $490,000
Previous Owner Dang Tuan $195,000
Previous Owner Tamayo Rosalio M $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2017 09/15/17 Sold $790,000 -2.3% $322 / Sq Ft
07/19/2017 07/19/17 Price Changed $809,000 -1.9% $330 / Sq Ft
06/07/2017 06/07/17 For Sale $825,000 -- $336 / 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 $12,063 $898,880 $568,913 $329,967
2024 $11,605 $881,256 $557,758 $323,498
2023 $10,981 $863,977 $546,822 $317,155
2022 $10,988 $847,037 $536,100 $310,937
2021 $10,697 $830,430 $525,589 $304,841
2020 $10,719 $821,916 $520,200 $301,716
2019 $10,300 $805,800 $510,000 $295,800
2018 $10,104 $790,000 $500,000 $290,000
2016 $4,529 $337,562 $207,731 $129,831
2015 $4,415 $332,492 $204,611 $127,881
2014 $4,394 $325,979 $200,603 $125,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17129287

California Regional Multiple Listing Service (CRMLS)

APN: 4080-009-012

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