NOT LISTED FOR SALE

522 Illinois St El Segundo, CA 90245

Estimated Value: $1,566,000 - $2,019,000

7 Beds
3 Baths
2,751 Sq Ft
$634/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $899,000 $327 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $10,752/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No HOA
  • Center Street Elementary Rated A+
  • Lawn
  • 1-minute walk to Freedom Park

About This Home

As of June 2014

First time on market. Cozy Three bedroom 1-1/2 bath home built in 1954 with nice front yard and curb appeal. A two story duplex built in 1962 with 2 bedroom 1 bath each is in rear. A 4 stall carport separates house from Duplex.
Long term tenants and rents are well below market with very good upside. Property is across from the Greenbelt giving access to recreation and lots of street parking. Location also gives easy access to beaches, freeways, and airport.
Perfect home for owner AS tenants pay part of mortgage. Bring your fixers, investors, and builders.
DRIVE BY ONLY as tenants do not know property is listed.

Last Agent to Sell the Property

Joseph Lordeon

Fredericks Realty License #01064625 Listed on: 04/24/2014

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,380

Year Built

  • Built in 1954

Lot Details

  • 6,202 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Lawn
  • Front Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Combination Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,751 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Ceramic Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

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

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Legal Lot and Block 328 / 123
  • Tax Tract Number 6200
  • Assessor Parcel Number 4139025051

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,500
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $9,800
  • Gross Income $3,750
  • Net Operating Income $39,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,380

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 3109778916
  • Other Phone Number: 3109778916
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 100.00
  • Zoning: ESR3YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 4139025051
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters, Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Gas Starter, Living Room, Masonry
  • Levels: Two
  • Price Per Square Foot: 326.79

Exterior Features

  • Direction Faces: West
  • Foundation: Combination
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle, Tar/Gravel
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 6202.00
  • Lot Size Acres: 0.1420

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Gross Income: 3750.00
  • Gross Multiplier: 19.99
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6202.0000 Square Feet
  • Net Operating Income: 39554.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 5446.00
  • Rent Control: No
  • Total Actual Rent: 3750.00

Tax Info

  • New Taxes Expense: 9800.00
  • Tax Block: 123
  • Tax Lot: 328
  • Tax Tract Number: 6200
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jun 3, 2014
Sold by
Howard Patricia and Laird James Scott
Bought by
Zhu Charlie and He Yaping
Seller's Agent
Joseph Lordeon
Fredericks Realty
Buyer's Agent
Bill Ruane
Estate Properties
List Price
$899,900
Sold Price
$899,000
Premium/Discount to List
-$900
-0.1%
Current Estimated Value
$1,744,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$845,679
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Oct 25, 2012
Sold by
Young Judy
Bought by
Young Johnny Lynn and Young Judy Iris

Purchase Details

Closed on
Dec 6, 2011
Sold by
Laird James Scott
Bought by
Laird James Scott and Laird Susan Lynn

Purchase Details

Closed on
May 8, 2009
Sold by
Laird James S and The Laird Trust
Bought by
Laird James S
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
Zhu Charlie $899,000 Lawyers Title
Young Johnny Lynn -- None Available
Laird James Scott -- None Available
Laird James S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Charlie $499,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $899,000 -0.1% $327 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $899,900 -- $327 / 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
2024 $12,380 $1,080,433 $432,652 $647,781
2023 $12,059 $1,059,249 $424,169 $635,080
2022 $12,189 $1,038,480 $415,852 $622,628
2021 $12,021 $1,018,119 $407,699 $610,420
2020 $11,798 $1,007,680 $403,519 $604,161
2019 $11,616 $987,922 $395,607 $592,315
2018 $10,844 $968,551 $387,850 $580,701
2016 $10,490 $930,943 $372,791 $558,152
2015 $10,360 $916,961 $367,192 $549,769
2014 $1,449 $110,759 $63,979 $46,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14090952

California Regional Multiple Listing Service (CRMLS)

APN: 4139-025-051