Seller's Agent in 2019
Kevin King
Marcus & Millichap
(562) 257-1245
45 Total Sales
3577 Sanborn Ave Lynwood, CA 90262
Estimated Value: $1,062,000 - $1,182,000
2
Beds
2
Baths
11,174
Sq Ft
$100/Sq Ft
Est. Value
About This Home
As of September 2019This offering represents an excellent opportunity to purchase a high-quality apartment property in a great rental area in Lynwood. The subject is well located North of the 105 Freeway and within blocks of Lynwood Park and St. Francis Medical center. The building consists of 14 two-bedroom units along with 1 non-conforming studio unit. All the units are separately metered for Gas & Electricity and 10 of the units have their own hot water heaters with the remaining 4 sharing a central unit. The building has gated parking for 11 units as well as 3 garages. The building is in very good condition and there is substantial upside in rents.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 04/25/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,370
Year Built
- Built in 1962
Lot Details
- 0.34 Acre Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
- 6173011016
Parking
- 3 Car Garage
- 11 Carport Spaces
Home Design
- Property Attached
Interior Spaces
- 11,174 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 274
- Tax Tract Number 2
- Assessor Parcel Number 6173011009
Community Details
Overview
- 2 Buildings
- 15 Units
Amenities
- Laundry Facilities
Building Details
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 11 Separate Water Meters
- Electric Expense $3,763
- Fuel Expense $3,763
- Gardener Expense $1,810
- Insurance Expense $4,444
- Maintenance Expense $13,723
- Other Expense $3,549
- Professional Management Expense $9,365
- Trash Expense $3,763
- Water Sewer Expense $3,763
- New Taxes Expense $38,728
- Operating Expense $86,671
- Gross Income $234,120
- Net Operating Income $140,425
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2019
Closed on
Aug 14, 2019
Sold by
Tocar Madera Llc
Bought by
Providence Place Apartments Lp
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$3,000,000
Sold Price
$3,000,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,878,000
Avg. Annual Appreciation
-15.89%
Purchase Details
Closed on
Jun 24, 2003
Sold by
H & M Partners Llc
Bought by
Tocar Madera Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 3, 1997
Sold by
Hernandez Enrique O
Bought by
Fidelity Fsla
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Providence Place Apartments Lp | $2,950,000 | Stewart Title Guaranty Co | |
| Tocar Madera Llc | -- | Fidelity | |
| Tocar Madera Llc | -- | Fidelity National Title | |
| Fidelity Fsla | $245,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tocar Madera Llc | $960,000 | |
| Previous Owner | Tocar Madera Llc | $600,000 | |
| Previous Owner | H&M Partners Llc | $442,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2025 05/10/25 | Off Market | -- | -- | -- |
| 03/31/2025 03/31/25 | For Rent | -- | -- | -- |
| 03/31/2024 03/31/24 | For Rent | -- | -- | -- |
| 09/10/2019 09/10/19 | Sold | $3,000,000 | 0.0% | $268 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 04/25/2019 04/25/19 | For Sale | $3,000,000 | -- | $268 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,370 | $806,012 | $109,363 | $696,649 |
| 2024 | $11,370 | $790,209 | $107,219 | $682,990 |
| 2023 | $11,285 | $774,716 | $105,117 | $669,599 |
| 2022 | $10,875 | $759,526 | $103,056 | $656,470 |
| 2021 | $10,465 | $744,635 | $101,036 | $643,599 |
| 2020 | $10,030 | $737,000 | $100,000 | $637,000 |
| 2019 | $2,899 | $148,900 | $59,851 | $89,049 |
| 2018 | $2,691 | $145,981 | $58,678 | $87,303 |
| 2016 | $2,402 | $140,314 | $56,400 | $83,914 |
| 2015 | $2,353 | $138,207 | $55,553 | $82,654 |
| 2014 | $2,322 | $135,500 | $54,465 | $81,035 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,807 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19094383
APN: 6173-011-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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