NOT LISTED FOR SALE

5018 E 59th Place Unit A-B Maywood, CA 90270

Estimated Value: $984,000 - $1,093,802

5 Beds
4 Baths
1,888 Sq Ft
$551/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2020

Last sale price $860,000 $456 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,563 / mo

27 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wall Furnace
  • 1-minute walk to Maywood Riverfront Park

About This Home

As of August 2020

SELLER SAYS SELL IT NOW!! At a 5.8 CAP rate and a 11.65 grm IT'S A STEAL!
We are proud to present this totally remodeled 4 units in Maywood. Perfect for first time investor or live in one and rent the other 3. Property consists a duplex with 1 bedroom and 1 bath each, middle unit is a 2 bedroom 1 bath, rear unit is a 1 bedroom 1 bath unit, with 2 single car garages. Hurry this wont last. NO Deferred Maintenance. Please do not speak to tenants. Make all offers subject interior inspection.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA License #00952349 Listed on: 05/05/2020

Keller Williams SELA

Last Buyer's Agent

Ramon Chavez

Dreamwork Realty Inc. License #00938353

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,035 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 1,888 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 1996
  • Tax Tract Number 4766
  • Assessor Parcel Number 6314031009

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,831
  • Maintenance Expense $3,000
  • Professional Management Expense $2,935
  • Water Sewer Expense $796
  • New Taxes Expense $11,125
  • Operating Expense $20,062
  • Gross Income $75,637
  • Net Operating Income $51,936

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,035 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 5.80
  • Professional Management Expense: 2935.00
  • Property Attached: Yes
  • Water Sewer Expenses: 796.00
  • Zoning: MYR3*
  • Property Type: Residential Income
  • Parcel Number: 6314031009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 455.51
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7035.00
  • Lot Size Acres: 0.1615

Multi Family

  • Gross Income: 75637.00
  • Gross Multiplier: 11.65
  • Gross Operating Income: 73367.80
  • Gross Scheduled Income: 75637.00
  • Insurance Expense: 1831.00
  • Lot Size Area: 7035.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 51936.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20062.00
  • Other Income1: 637.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Expenses: 20062.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11125.00
  • Tax Census Tract: 5337.03
  • Tax Lot: 1996
  • Tax Tract Number: 4766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2020
Sold by
Chartwell Manor Llc
Bought by
Turienzo Edgardo and Turienzo Maria
Current Estimated Value
$1,040,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2019
Sold by
Bakhshi David
Bought by
Chartwell Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2018
Sold by
Ramos Justo
Bought by
Bakhshi David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
4.45%
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
Turienzo Edgardo $860,000 Chicago Title
Chartwell Manor Llc $705,000 Fidelity National Title
Bakhshi David $640,000 Cattlemens Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Turienzo Edgardo $504,000
Previous Owner Chartwell Manor Llc $497,000
Previous Owner Bakhshi David $512,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2020 08/05/20 Sold $860,000 -2.3% $456 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
05/27/2020 05/27/20 Price Changed $880,000 -1.1% $466 / Sq Ft
05/05/2020 05/05/20 For Sale $890,000 -- $471 / 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 $12,981 $930,890 $432,972 $497,918
2024 $12,981 $912,638 $424,483 $488,155
2023 $12,755 $894,744 $416,160 $478,584
2022 $12,033 $877,200 $408,000 $469,200
2021 $11,889 $860,000 $400,000 $460,000
2020 $10,594 $719,100 $431,460 $287,640
2019 $9,230 $652,800 $387,600 $265,200
2018 $2,599 $135,321 $45,962 $89,359
2016 $2,407 $130,068 $44,178 $85,890
2015 $2,290 $128,115 $43,515 $84,600
2014 $2,305 $125,606 $42,663 $82,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20085580

California Regional Multiple Listing Service (CRMLS)

APN: 6314-031-009

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