NOT LISTED FOR SALE

Estimated Value: $1,196,000 - $1,290,702

4 Beds
3 Baths
2,280 Sq Ft
$552/Sq Ft Est. Value

Last Sold October 26, 2012

Last sale price $525,000 $230 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $7,281/month

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Laundry Room
  • Private Yard
  • Cooling Available
  • Tile Flooring

About This Home

As of October 2012

3 UNITS CONVENIENTLY LOCATED JUST MINUTES FROM LAX. SUBSTANTIAL UPDATE OF INTERIOR / EXTERIOR RECENTLY DONE INCLUDING NEW EXTERIOR PAINT. UPDATED AND UPGRADED FEATURES INCLUDE QUARTZ COUNTER TOPS AND TILE FLOORING IN ALL 3 KITCHENS. TILE FLOORING IN BATHROOMS AND ALL UNITS HAVE NEW WALL HEATERS. REFRIGERATOR AND STOVE INCLUDED IN ALL UNITS, 2 UNITS HAVE NEW CARPET / PAINT AND BUILDING HAS A COIN OPERATED LAUNDRY AND COPPER PLUMBING. PROPERTY HAS LARGE DRIVEWAY, GRASS YARD AND SHARED PATIO. CLOSE TO DINING, FREEWAYS, AND BEACHES. GREAT FOR INVESTOR / OWNER! TAKE A LOOK AT THE VIRTUAL TOUR!

Last Agent to Sell the Property

Marilyn Bennett

Equity Union License #01272179 Listed on: 09/28/2012

Equity Union

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,821 Sq Ft Lot
  • West Facing Home
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Blown-In Insulation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,280 Sq Ft Home
  • Insulated Windows
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125011027

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $950
  • Insurance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,980
  • Gross Income $3,495
  • Net Operating Income $34,550

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

6,821 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: COIN OPERATED LAUNDRY
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 4125011027
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.26
  • Window Features: Insulated Windows

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Blown-In Insulation, Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Lawn, Landscaped, Sprinkler System, Yard
  • Lot Size Sq Ft: 6821.00
  • Lot Size Acres: 0.1570

Multi Family

  • Electric Expense: 950.00
  • Gross Income: 3495.00
  • Gross Scheduled Income: 41940.00
  • Insurance Expense: 600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6821.0000 Square Feet
  • Net Operating Income: 34550.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Operating Expense: 9850.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5980.00
  • Tax Lot: 51
  • Tax Tract Number: 15283
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2012
Closed on
Oct 24, 2012
Sold by
Raad Michele Cook
Bought by
Raad Glen
Seller's Agent
Marilyn Bennett
Equity Union
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
Sold Price
$525,000
Current Estimated Value
$1,258,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,676
Avg. Annual Appreciation
6.74%

Purchase Details

Listed on
Sep 28, 2012
Closed on
Oct 16, 2012
Sold by
Bastien Martin
Bought by
Raad Glen
Seller's Agent
Marilyn Bennett
Equity Union
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
Sold Price
$525,000

Purchase Details

Closed on
Dec 5, 2005
Sold by
Bastien Martin
Bought by
Bastien Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2002
Sold by
Ju Kumsum Won
Bought by
Bastien Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.75%
Mortgage Type
Stand Alone First
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
Raad Glen -- None Available
Raad Glen $518,000 Progressive Title Company
Bastien Martin -- Fidelity National Title
Bastien Martin -- Fidelity National Title
Bastien Martin $400,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bastien Martin $460,000
Previous Owner Bastien Martin $320,000
Closed Bastien Martin $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2012 10/26/12 Sold $525,000 -- $230 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,917 $637,871 $492,568 $145,303
2024 $7,917 $625,364 $482,910 $142,454
2023 $7,772 $613,103 $473,442 $139,661
2022 $7,423 $601,082 $464,159 $136,923
2021 $7,322 $589,297 $455,058 $134,239
2019 $7,109 $571,819 $441,561 $130,258
2018 $6,982 $560,607 $432,903 $127,704
2016 $6,665 $538,840 $416,094 $122,746
2015 $6,569 $530,747 $409,844 $120,903
2014 $6,610 $520,351 $401,816 $118,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12110997

California Regional Multiple Listing Service (CRMLS)

APN: 4125-011-027

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