NOT LISTED FOR SALE

5050 Hayter Ave Lakewood, CA 90712

Lakewood Mutual Neighborhood
9 Beds
8 Baths
5,163 Sq Ft
9,465 Sq Ft Lot

Last Sold May 13, 2020

Last sale price $2,035,000 $394 Per Sq Ft

36 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Heating Available
  • Holmes Elementary School Rated A-
  • Solar Heating System

About This Home

As of May 2020

Located in the great sub-market of Lakewood, CA, this turnkey multifamily asset was completely remodeled in 2019. With Five (5) Units total, the property consists of; One (1) 3 Bed / 2 Bath, and Four (4) 2 Bed / 2 Bath Apartments. The complex also boasts Eight (8) Single-Car Garages, and One (1) Open Parking stall. From this location, tenants enjoy the convenience of being able to walk to restaurants, shopping, and entertainment; all at the Lakewood Center Mall just 1.5 blocks away. Please drive by only, and do not disturb the tenants.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/26/2020

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/26/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,465 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 1 Open Parking Space
  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,163 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Solar Heating System
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 22251
  • Assessor Parcel Number 7155021001

Community Details

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $960
  • Fuel Expense $1,200
  • Insurance Expense $3,416
  • Trash Expense $2,460
  • Water Sewer Expense $2,500
  • New Taxes Expense $32,164
  • Operating Expense $48,850
  • Gross Income $124,955
  • Net Operating Income $83,906

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Lakewood Mutuals (LKMU)
  • Water Sewer Expenses: 2500.00
  • Zoning: LKMFR*
  • Property Type: Residential Income
  • Parcel Number: 7155021001
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 394.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Solar
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2460.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 9465.00
  • Lot Size Acres: 0.2173

Multi Family

  • Electric Expense: 960.00
  • Fuel Expense: 1200.00
  • Gross Income: 124955.00
  • Gross Scheduled Income: 128820.00
  • Insurance Expense: 3416.00
  • Lot Size Area: 9465.0000 Square Feet
  • Net Operating Income: 83906.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 48850.00
  • Rent Control: Yes
  • Total Actual Rent: 10735.00
  • Total Expenses: 48850.00

Tax Info

  • New Taxes Expense: 32164.00
  • Tax Census Tract: 5707.01
  • Tax Lot: 21
  • Tax Tract Number: 22251

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2020 05/13/20 Sold $2,035,000 -1.9% $394 / Sq Ft
02/26/2020 02/26/20 For Sale $2,075,000 +23.5% $402 / Sq Ft
06/11/2019 06/11/19 Sold $1,680,000 -4.0% $325 / Sq Ft View Prior Sale
04/22/2019 04/22/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $1,750,009 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Swanson

    Seller's Agent in 2020

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    57 Total Sales

    Patrick Swanson
    Section Image
  • Cu Tran

    Seller's Agent in 2019

    Cu Tran

    CQT Paradigm Goup Inc.

    (714) 350-0725

    26 Total Sales

    Cu Tran
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20041861

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lakewood 90712 Lakewood Mutual

5050 Hayter Ave, Lakewood, CA

Not Listed for Sale

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