NOT LISTED FOR SALE

537 Sheldon St El Segundo, CA 90245

Estimated Value: $2,169,000 - $2,477,327

5 Beds
3 Baths
2,382 Sq Ft
$951/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $1,916,500 $805 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $14,454/month

15 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Central Heating
  • Center Street Elementary Rated A+
  • Laundry Room
  • 4 Car Garage

About This Home

As of April 2021

537-539 Sheldon Ave is a duplex located in El Segundo. The property consists of a (1) 3-bed/2-bath house and (1) 2-bed/1-bed house. The front house is 1,530 SF and features a gated front yard, hardwood floors, brick fireplace, tiled kitchen & bathrooms, and a washer & dryer. The back house is 852 SF and was built above the four-car garage. 537-539 Sheldon Ave is in great proximity to Richmond Elementary School, ES Highs School, El Segundo Parks & Recreation, and all the amenities of Downtown El Segundo.

Given the ideal location and the potential to obtain 30-year fixed residential financing, this is an excellent opportunity for an owner-user opportunity to live in one building and subsidize monthly mortgage with rental income from the other building.

Last Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 02/15/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,765

Year Built

  • Built in 2005

Lot Details

  • 5,602 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 2,382 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 2540
  • Assessor Parcel Number 4133006013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $953
  • Maintenance Expense $2,196
  • Other Expense $1,600
  • New Taxes Expense $21,832
  • Operating Expense $27,781
  • Gross Income $71,004
  • Net Operating Income $43,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,765

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.28
  • Property Attached: No
  • View: Yes
  • Zoning: ESR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4133006013
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 804.58

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5602.00
  • Lot Size Acres: 0.1286

Multi Family

  • Gross Income: 71004.00
  • Gross Multiplier: 25.89
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 953.00
  • Lot Size Area: 5602.0000 Square Feet
  • Maintenance Expense: 2196.00
  • Net Operating Income: 43223.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 27781.00
  • Other Expense: 1600.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 6100.00
  • Total Expenses: 27781.00

Tax Info

  • New Taxes Expense: 21832.00
  • Tax Census Tract: 6201.02
  • Tax Lot: 24
  • Tax Tract Number: 2540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2021
Closed on
Mar 9, 2021
Sold by
Odonnell Thomas and Odonnell Evelyn
Bought by
Soleymani Mohammad and Stevens Gretchen Anna
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Scot Nicol
Compass
List Price
$1,895,000
Sold Price
$1,916,500
Premium/Discount to List
$21,500
1.13%
Total Days on Market
15
Current Estimated Value
$2,264,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,332
Avg. Annual Appreciation
3.96%
Original Mortgage
$1,053,000
Outstanding Balance
$963,000
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,279,636

Purchase Details

Closed on
Jan 6, 2003
Sold by
Blahut Edward J and Blahut Bonnie J
Bought by
Blahut Edward J and Blahut Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.06%

Purchase Details

Closed on
Dec 27, 2002
Sold by
Cole Susan Kay and Susan Kay Cole Family Trust
Bought by
Cole Susan Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.06%

Purchase Details

Closed on
Nov 25, 2002
Sold by
Cole Susan Kay and Rodriguez David
Bought by
Odonnell Thomas and Odonnell Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.06%

Purchase Details

Closed on
Feb 19, 1999
Sold by
Cole Susan
Bought by
Cole Susan Kay and Susan Kay Cole Family Trust

Purchase Details

Closed on
Apr 16, 1998
Sold by
Blahut Edward J and Blahut Bonnie J
Bought by
Blahut Edward J and Blahut Bonnie J

Purchase Details

Closed on
Mar 10, 1998
Sold by
Rodriguez David
Bought by
Cole Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.07%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Trust Blahut Edward J Ii Co Tr Bla and Blahut Bonnie J
Bought by
Blahut Edward J and Blahut Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.07%

Range of Values:

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Average Value
Not Available
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
Soleymani Mohammad $1,913,500 First American Title Company
Blahut Edward J -- Southland Title
Cole Susan Kay -- Southland Title
Odonnell Thomas $515,000 Southland Title
Cole Susan Kay -- --
Blahut Edward J -- First American
Rodriguez David -- First American
Cole Susan -- First American Title Co
Blahut Edward J -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soleymani Mohammad $1,053,000
Previous Owner Donnell Thomas O $100,000
Previous Owner Odonnell Thomas $525,000
Previous Owner Odonnell Thomas $200,000
Previous Owner Odonnell Thomas $563,000
Previous Owner Odonnell Thomas $300,000
Previous Owner Odonnell Thomas $200,000
Previous Owner Odonnell Thomas $125,000
Previous Owner Odonnell Thomas $335,000
Previous Owner Blahut Edward J $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $1,916,500 +1.1% $805 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $1,895,000 -- $796 / 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 $22,765 $2,030,090 $1,379,570 $650,520
2023 $22,158 $1,990,285 $1,352,520 $637,765
2022 $22,403 $1,951,260 $1,326,000 $625,260
2021 $11,369 $974,687 $551,263 $423,424
2020 $11,156 $964,694 $545,611 $419,083
2019 $10,981 $945,779 $534,913 $410,866
2018 $10,247 $927,235 $524,425 $402,810
2016 $9,942 $891,231 $504,062 $387,169
2015 $9,817 $877,845 $496,491 $381,354
2014 $9,608 $860,650 $486,766 $373,884
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21031132

California Regional Multiple Listing Service (CRMLS)

APN: 4133-006-013