NOT LISTED FOR SALE

4821 W 117th St Hawthorne, CA 90250

Estimated Value: $1,710,000 - $2,062,000

12 Beds
8 Baths
4,593 Sq Ft
$408/Sq Ft Est. Value

Last Sold April 13, 2020

Last sale price $1,522,500 $331 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $11,742/month

8 Days on Market

Highlights

  • Golf Course Community
  • No HOA
  • Park
  • Wood Flooring
  • Hiking Trails
  • Laundry Room

About This Home

As of April 2020

117th. St Apts. in Hawthorne presents a TURN KEY Investment with UNBEATABLE IN PLACE CASHFLOW! The Property is located in a strong rental market near Major Corporations such as, Space Ex, Amazon, Best Buy, Home Depot, Solar City, OSI Systems. Built in 1962, 117th.St. has 4593 Sq. ft. of living space, benefitting it's (4) Spacious, 3BR. 1 1/2 BA Units. The Property is enhanced by it's Major Renovations that were just completed, including, New Windows, Completely Remodeled Kitchens with, Custom made, Shaker Cabinets, Quartz Counters, Stainless Appliances, New Furnaces, Water heaters, Flooring and Landscaping. 117th St. is a Quiet, Mostly Single Family Residential Neighborhood with Tree Lined street. Use 30 Year Financing to Secure Great Long Term Csh Flow.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 01/30/2020

Estate Properties

Last Buyer's Agent

Robert Depaoli

Compass License #01918925

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,603 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Front Yard Sprinklers
  • Density is 26-30 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,593 Sq Ft Home
  • 2-Story Property

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 84
  • Tax Tract Number 6441
  • Assessor Parcel Number 4141017022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $210
  • Fuel Expense $240
  • Gardener Expense $1,020
  • Insurance Expense $2,600
  • Maintenance Expense $2,210
  • Water Sewer Expense $3,420
  • New Taxes Expense $17,940
  • Operating Expense $27,840
  • Gross Income $111,360
  • Net Operating Income $83,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,603 Sq Ft Lot

Listing Details

  • CapRate: 5.60
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3420.00
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 4141017022
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 331.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Self Cleaning Oven, Dishwasher, Disposal, High Efficiency Water Heater, Microwave, Water Heater, Water Line to Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Golf, Hiking, Park, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre, Level with Street, Sprinklers In Front
  • Lot Size Sq Ft: 5603.00
  • Lot Size Acres: 0.1286

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1150 Square Feet
  • Electric Expense: 210.00
  • Fuel Expense: 240.00
  • Gross Income: 111360.00
  • Gross Multiplier: 13.42
  • Gross Scheduled Income: 111360.00
  • Insurance Expense: 2600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 5603.0000 Square Feet
  • Maintenance Expense: 2210.00
  • Net Operating Income: 83520.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27840.00
  • Operating Expense Percent: 25.00
  • Rent Control: Yes
  • Total Expenses: 27840.00

Tax Info

  • New Taxes Expense: 17940.00
  • Tax Lot: 84
  • Tax Tract Number: 6441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2023
Sold by
Hackbart Alex J
Bought by
Alex And Diana Hackbart Family Trust and Hackbart
Current Estimated Value
$1,872,694

Purchase Details

Listed on
Jan 30, 2020
Closed on
Mar 27, 2020
Sold by
Larson Kirby and Frederiksen Peter
Bought by
Hackbart Alex
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Robert Depaoli
Compass
List Price
$1,495,000
Sold Price
$1,522,500
Premium/Discount to List
$27,500
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$1,050,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2019
Sold by
Frederiksen Judith S
Bought by
Frederiksen Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2019
Sold by
Larson Sarah Susan
Bought by
Larson Kirby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2019
Sold by
Walters Charles C
Bought by
Larson Kirby and Frederiksen Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.3%
Mortgage Type
New Conventional
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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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
Alex And Diana Hackbart Family Trust -- None Listed On Document
Hackbart Alex $1,522,500 Lawyers Title Company
Frederiksen Peter -- Stewart Title Of Ca Inc
Larson Kirby -- Stewart Title
Larson Kirby $1,050,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hackbart Alex $1,050,000
Previous Owner Larson Kirby $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $1,522,500 +1.8% $331 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $1,495,000 -- $325 / 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 $20,830 $1,664,525 $656,186 $1,008,339
2024 $20,830 $1,631,888 $643,320 $988,568
2023 $20,053 $1,599,891 $630,706 $969,185
2022 $20,354 $1,568,522 $618,340 $950,182
2021 $20,069 $1,537,767 $606,216 $931,551
2020 $14,397 $1,071,000 $510,000 $561,000
2019 $6,891 $475,780 $123,807 $351,973
2018 $6,578 $466,452 $121,380 $345,072
2016 $6,244 $448,340 $116,667 $331,673
2015 $6,108 $441,606 $114,915 $326,691
2014 $6,092 $432,956 $112,664 $320,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20021221

California Regional Multiple Listing Service (CRMLS)

APN: 4141-017-022

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