NOT LISTED FOR SALE

5825 Bonfair Ave Lakewood, CA 90712

Mayfair Neighborhood

Estimated Value: $899,000 - $991,000

4 Beds
2 Baths
1,536 Sq Ft
$612/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $705,000 $459 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,699/month

13 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of June 2020

Wow! Wow! Wow! Rare Find, Duplex in this area is a jewel. Live in one and use the income of the other to qualify and much more. Possible 3.5% down with FHA. . Nicely Located Duplex in pristine condition, 2 bedrooms/1 bath each/ 768 sq feet plus garage and a large lot. Leased month to month. This is two units, one at 5825 and the other at 5827.

Last Agent to Sell the Property

Tony English

English Realty License #01248620 Listed on: 04/22/2020

Last Buyer's Agent

Tony English

English Realty License #01248620 Listed on: 04/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,201

Year Built

  • Built in 1944

Lot Details

  • 7,285 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / O
  • Tax Tract Number 13153
  • Assessor Parcel Number 7168001007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • New Taxes Expense $10,000
  • Operating Expense $500
  • Gross Income $33,600
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,201

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: LKMFR*
  • Property Type: Residential Income
  • Parcel Number: 7168001007
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 458.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7285.00
  • Lot Size Acres: 0.1672

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 500.00
  • Lot Size Area: 7285.0000 Square Feet
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 500.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Block: O
  • Tax Census Tract: 5700.03
  • Tax Lot: 7
  • Tax Tract Number: 13153

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
May 14, 2020
Sold by
Robinson Karen M
Bought by
Ngo Van S
Seller's Agent
Tony English
English Realty
Buyer's Agent
Tony English
English Realty
List Price
$695,000
Sold Price
$705,000
Premium/Discount to List
$10,000
1.44%
Current Estimated Value
$940,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,446
Avg. Annual Appreciation
5.44%
Original Mortgage
$664,987
Outstanding Balance
$588,156
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$352,290

Purchase Details

Closed on
Mar 10, 2020
Sold by
Sharpe Kevin P and 2016 Keith
Bought by
Robinson Karen M

Purchase Details

Closed on
Apr 26, 2017
Sold by
Sharpe Joan
Bought by
Sharpe Joan and The 2016 Keith & Joan Sharpe Revocable T

Purchase Details

Closed on
Jul 8, 2016
Sold by
Sharpe Keith H
Bought by
Sharpe Keith and Sharpe Joan

Purchase Details

Closed on
Feb 5, 2008
Sold by
Sharpe Keith H and Sharpe Joan F
Bought by
Sharpe Keith H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2002
Sold by
Sharpe Keith H and Sharpe Joan F
Bought by
Sharpe Keith H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
6.05%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2001
Sold by
Sharpe Keith H and Sharpe Joan F
Bought by
Sharpe Keith H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Ngo Van S $705,000 Lawyers Title Company
Robinson Karen M -- Lawyers Title
Shapre Kevin P -- Accommodation
Sharpe Joan -- None Available
Sharpe Keith -- None Available
Sharpe Keith H -- Accommodation
Sharpe Keith H -- Lawyers Title
Sharpe Keith H -- Lawyers
Sharpe Keith H -- Lawyers Title Company
Sharpe Keith H -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngo Van S $664,987
Previous Owner Sharpe Keith H $247,000
Previous Owner Sharpe Keith H $111,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $705,000 +1.4% $459 / Sq Ft
04/22/2020 04/22/20 For Sale $695,000 -- $452 / 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 $9,201 $771,015 $601,503 $169,512
2024 $9,201 $755,898 $589,709 $166,189
2023 $8,820 $741,078 $578,147 $162,931
2022 $8,656 $726,548 $566,811 $159,737
2021 $8,474 $712,303 $555,698 $156,605
2020 $4,710 $368,636 $145,513 $223,123
2019 $4,631 $361,409 $142,660 $218,749
2018 $4,477 $354,323 $139,863 $214,460
2016 $4,296 $340,566 $134,433 $206,133
2015 $4,211 $335,451 $132,414 $203,037
2014 $4,164 $328,881 $129,821 $199,060
Source: Public Records

Agents Affiliated with this Home

  • Tony English

    Seller's Agent in 2020

    Tony English

    English Realty

    (949) 203-8721

    43 Total Sales

    Tony English
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20077557

California Regional Multiple Listing Service (CRMLS)

APN: 7168-001-007

California Los Angeles County Lakewood 90712 Mayfair

5825 Bonfair Ave, Lakewood, CA

Not Listed for Sale

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