NOT LISTED FOR SALE

5515 Pine Ave Maywood, CA 90270

Estimated Value: $773,000 - $896,000

3 Beds
3 Baths
1,677 Sq Ft
$492/Sq Ft Est. Value

Last Sold January 22, 2019

Last sale price $560,000 $334 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,062/month

163 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • 2-minute walk to Pine Avenue Park
  • No HOA

About This Home

As of January 2019

Attention investors and developers: No Rent Control! Great location in Maywood consisting of 3 - 1 bed/1 bath units. All units are occupied, individually metered for gas & electricity, with low maintenance and potential upside in rent. 2 units are above 3 single car garages and the 3rd unit is a stand alone bungalow. The rear yard also features a common laundry room and an in ground pool.

Last Agent to Sell the Property

Ed Sanchez

REMAX Empower License #01293683 Listed on: 07/10/2018

REMAX Empower

Last Buyer's Agent

Nick Jenkins

Faith Real Estate, Inc. License #01851941

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 4,050 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,677 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • In Ground Pool
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1262
  • Tax Tract Number 3648
  • Assessor Parcel Number 6313026025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $931
  • Insurance Expense $2,069
  • Pest Control $468
  • Pool Expense $1,200
  • Trash Expense $732
  • Water Sewer Expense $981
  • New Taxes Expense $2,982
  • Operating Expense $12,651
  • Gross Income $38,100
  • Net Operating Income $25,449

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.67
  • Property Attached: Yes
  • Water Sewer Expenses: 981.00
  • Zoning: MYR3*
  • Property Type: Residential Income
  • Parcel Number: 6313026025
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 333.93

Exterior Features

  • Pool Expense: 1200.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 468.00
  • Sewer: Public Sewer
  • Trash Expense: 732.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 4050.00
  • Lot Size Acres: 0.0930

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Electric Expense: 931.00
  • Gross Income: 38100.00
  • Gross Multiplier: 14.30
  • Gross Scheduled Income: 38100.00
  • Insurance Expense: 2069.00
  • Lot Size Area: 4050.0000 Square Feet
  • Net Operating Income: 25449.00
  • 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
  • Operating Expense: 12651.00
  • Rent Control: No
  • Total Actual Rent: 3175.00
  • Total Expenses: 12651.00

Tax Info

  • New Taxes Expense: 2982.00
  • Tax Census Tract: 5334.03
  • Tax Lot: 1262
  • Tax Tract Number: 3648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Duran Isaac Eduardo Gonzalez
Bought by
Tovar Alfred Elliott
Current Estimated Value
$824,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$103,780
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$720,965

Purchase Details

Listed on
Jul 10, 2018
Closed on
Dec 24, 2018
Sold by
Ajr Properties Llc
Bought by
Escamilla Patricia
Seller's Agent
Ed Sanchez
REMAX Empower
Buyer's Agent
Nick Jenkins
Faith Real Estate, Inc.
List Price
$599,999
Sold Price
$560,000
Premium/Discount to List
-$39,999
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$532,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2014
Sold by
Ramirez Gerardo and Gerardo Ramirez Living Trust
Bought by
Ajr Properties Llc

Purchase Details

Closed on
May 24, 2014
Sold by
Ramirez Gerardo and Ramirez Antonio
Bought by
Ramirez Gerardo and Gerardo Ramirez Living Trust

Purchase Details

Closed on
Apr 10, 2013
Sold by
Ramirez Gerardo and Josefina Ramirez Trust
Bought by
Ramirez Gerardo and Ramirez Antonio

Purchase Details

Closed on
Jan 14, 2010
Sold by
Ramirez Josefina
Bought by
Ramirez Josefina and Josefina Ramirez Trust

Purchase Details

Closed on
Oct 9, 2009
Sold by
Ramirez Josefina
Bought by
Ramirez Josefina and Josefina Ramirez Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Tovar Alfred Elliott -- Wfg National Title
Escamilla Patricia -- Wfg National Title
Escamilla Patricia $560,000 Orange Coast Title Company
Escamilla Patricia -- None Available
Ajr Properties Llc -- None Available
Ramirez Gerardo -- None Available
Ramirez Gerardo -- None Available
Ramirez Josefina -- None Available
Ramirez Josefina -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escamilla Patricia $105,000
Previous Owner Escamilla Patricia $532,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2019 01/22/19 Sold $560,000 +2.8% $334 / Sq Ft
10/22/2018 10/22/18 Price Changed $545,000 -9.2% $325 / Sq Ft
07/10/2018 07/10/18 For Sale $599,999 -- $358 / 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 $8,986 $615,280 $341,492 $273,788
2024 $8,730 $603,217 $334,797 $268,420
2023 $8,695 $600,430 $270,193 $330,237
2022 $8,256 $588,658 $264,896 $323,762
2021 $8,154 $577,116 $259,702 $317,414
2020 $8,355 $571,500 $257,040 $314,460
2019 $4,847 $317,318 $126,804 $190,514
2018 $4,719 $311,103 $124,318 $186,785
2016 $4,401 $298,737 $119,492 $179,245
2015 $4,153 $294,251 $117,698 $176,553
2014 $4,158 $288,488 $115,393 $173,095
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18167804

California Regional Multiple Listing Service (CRMLS)

APN: 6313-026-025