NOT LISTED FOR SALE

4840 W 118th Place Hawthorne, CA 90250

Estimated Value: $1,626,000 - $2,256,000

10 Beds
5 Baths
5,996 Sq Ft
$332/Sq Ft Est. Value

Last Sold May 10, 2017

Last sale price $1,265,000 $211 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $12,598/month

47 Days on Market

Highlights

  • Private Yard
  • Landscaped
  • Central Heating

About This Home

As of May 2017

Huuuuge free-standing, single family home/unit in front with a 3 unit building in the rear - built in 1987. The two-story front house (2 Bed/2.5 Bath) is over 3,000 square feet and has an attractive, landscaped yard with a patio in the rear, and 2-car garage parking. The three rear units (One 2 Bed/1.5 Bath townhome and two 2 Bed/1.5 Bath apartments) are also large with 2-car garage parking each. There's a 9th, single garage as well for tenants' or owners' use. Each garage has an attached storage room (approx. 100 ft+/- each).

Half a block to the 405 freeway, 105 freeway, as well as El Segundo and Manhattan Beach. Some of LA's largest employers are within a couple mile radius: Northrop Grumman, Raytheon, LAX, LA Air Force Base, to name a few.

Last Agent to Sell the Property

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706 Listed on: 01/25/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,881

Year Built

  • Built in 1987

Lot Details

  • 9,250 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Private Yard
  • Front Yard

Parking

  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,996 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 108
  • Tax Tract Number 2704
  • Assessor Parcel Number 4141011047

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,020
  • Insurance Expense $2,000
  • Maintenance Expense $3,156
  • Trash Expense $1,020
  • Water Sewer Expense $1,020
  • New Taxes Expense $16,250
  • Operating Expense $27,086
  • Gross Income $80,100
  • Net Operating Income $49,069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,881

Year Built

Built in 1987

Lot Details

0

Parking

9

Listing Details

  • CapRate: 3.93
  • Property Attached: Yes
  • Water Sewer Expenses: 1020.00
  • Zoning: HAR3*
  • Property Type: Residential Income
  • Parcel Number: 4141011047
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 210.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 9250.00

Multi Family

  • Electric Expense: 1020.00
  • Gross Income: 80100.00
  • Gross Multiplier: 15.61
  • Gross Operating Income: 76155.00
  • Gross Scheduled Income: 80100.00
  • Insurance Expense: 2000.00
  • Laundry Income: 1200.00
  • Maintenance Expense: 3156.00
  • Net Operating Income: 49069.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27086.00
  • Rent Control: No
  • Total Actual Rent: 6575.00
  • Total Expenses: 27086.00
  • Vacancy Allowance: 3945

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 6022.00
  • Tax Lot: 108
  • Tax Tract Number: 2704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2021
Sold by
Abouelata Wesam and Hashalh Sabah
Bought by
Z & M Investment Partners Llc
Current Estimated Value
$1,992,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$902,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2021
Sold by
Z & M Investmnets Llc
Bought by
Abouelata Wesam and Hashalh Sabah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$902,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2018
Sold by
Abouelata Wesam and Hashalh Sabah
Bought by
Z & M Investments Llc

Purchase Details

Listed on
Jan 25, 2017
Closed on
Apr 19, 2017
Sold by
Real John
Bought by
Abouelata Wesam and Hashalh Sabah
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,250,000
Sold Price
$1,265,000
Premium/Discount to List
$15,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Original Mortgage
$999,990
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2013
Sold by
Real Kelli
Bought by
Real John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,100
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2008
Sold by
Real Kelli
Bought by
Real John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,550
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2008
Sold by
Sorich Paul
Bought by
Real John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,550
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
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
Z & M Investment Partners Llc -- Accommodation
Abouelata Wesam -- Stewart Title Of Ca Inc
Z & M Investments Llc -- Chicago Title Company
Abouelata Wesam $1,265,000 Progressive Title Co
Real John -- Landsafe Title Of Ca Inc
Real John -- Fidelity National Title
Real John $849,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abouelata Wesam $902,000
Previous Owner Abouelata Wesam $902,000
Previous Owner Abouelata Wesam $999,990
Previous Owner Abouelata Wesam $999,990
Previous Owner Real John $593,100
Previous Owner Real John $636,550
Previous Owner Sorich Paul $585,000
Previous Owner Sorich Paul $100,000
Previous Owner Sorich Paul $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2017 05/10/17 Sold $1,265,000 +1.2% $211 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $1,250,000 -- $208 / 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 $20,881 $1,645,294 $757,701 $887,593
2024 $20,881 $1,613,035 $742,845 $870,190
2023 $20,163 $1,581,408 $728,280 $853,128
2022 $20,409 $1,550,400 $714,000 $836,400
2021 $18,094 $1,356,335 $536,101 $820,234
2020 $18,041 $1,342,428 $530,604 $811,824
2019 $17,462 $1,316,106 $520,200 $795,906
2018 $16,760 $1,290,300 $510,000 $780,300
2016 $12,331 $942,027 $720,115 $221,912
2015 $12,058 $927,878 $709,299 $218,579
2014 $12,005 $909,703 $695,405 $214,298
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brice W. Head, MBA

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,818 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17016374

California Regional Multiple Listing Service (CRMLS)

APN: 4141-011-047

California Los Angeles County Hawthorne 90250

4840 W 118th Place, Hawthorne, CA

This home is located at 4840 W 118th Place, Hawthorne, CA 90250 since 25 January 2017 and is currently estimated at $1,992,774, approximately $332 per square foot. This property was built in 1987. 4840 W 118th Place is a home located in Los Angeles County with nearby schools including Eucalyptus School, Hawthorne Middle School, and Hawthorne High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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