NOT LISTED FOR SALE

Estimated Value: $841,000 - $1,341,635

0.45 Acres
$2,389,429 Price per Acre
19,537 Sq Ft Lot

Last Sold July 30, 2024

Last sale price $1,070,000 $815 Per Sq Ft

Current estimated payment $6,194/month

28 Days on Market

About This Lot

As of July 2024

This rectangular site of approximately 19,535 square feet has a Zoning designation of R-3. The site's zoning and lot area provide attractive town home, apartment, or residential development options. Buyer to verify density and other requirements including potential state, local and/or transit-based bonuses. With over 230,000 households within a 5-mile radius and increasing levels of educational achievement and housing prices, the Hawthorne market boasts a large qualified tenant base that is underserved by the current aging housing supply. Additionally, the market skews younger, relatively, with Millennials making up nearly 45% of the population within a 5-mile radius. The average asking rents are around $2,000 with a market cap of approximately 5.4%. The South Bay market has seen slower new apartment construction than surrounding markets with less than 5%inventory growth year-over-year.

Last Agent to Sell the Property

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 05/08/2024

Last Buyer's Agent

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 05/08/2024

Property Details

Property Type

  • Land

Lot Details

  • 0.45 Acre Lot
  • Property is zoned HAR3YY

Listing and Financial Details

  • Assessor Parcel Number 4050-021-005

Property Details

Property Type

Land

Lot Details

0.45 Acres

Listing Details

  • Property Type: Land
  • Lot Acreage: 0.4485
  • Probate: No
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 4050-021-005
  • Lot Size Area: 19535
  • Possible New Zone: HAR3YY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jul 23, 2024
Sold by
Tello Zoila Cruz and Galo Tello 2019 Revocable Living Trust
Bought by
Roxytcb Llc
Seller's Agent
Adam Peterson
CB Richard Ellis, Inc.
Buyer's Agent
Adam Peterson
CB Richard Ellis, Inc.
List Price
$1,400,000
Sold Price
$1,070,000
Premium/Discount to List
-$330,000
-23.57%
Current Estimated Value
$1,071,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,659
Avg. Annual Appreciation
0.09%
Original Mortgage
$909,500
Outstanding Balance
$897,737
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$173,922

Purchase Details

Closed on
Aug 25, 2018
Sold by
Tello Galo Alfredo and Tello Zoila Cruz
Bought by
Tello Galo Alfredo and Tello Zoila Cruz

Purchase Details

Closed on
Jul 26, 2018
Sold by
Tello Galo A
Bought by
Tello Galo A and Tello Zoila Cruz

Purchase Details

Closed on
Mar 10, 2003
Sold by
Tello Zoila Cruz
Bought by
Tello Galo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.23%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 13, 2003
Sold by
Hud
Bought by
Tello Galo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.23%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 22, 2002
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Oct 31, 2001
Sold by
Oneel Hussain Syed and Oneel Hussain Deidre
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Nov 2, 1999
Sold by
Trust Nordine Leo S Co Tr Nordine Family and Nordine Molly B
Bought by
Oneel Hussain Syed and Oneel Hussain Deidre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,013
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 16, 1997
Sold by
Nordine Leo
Bought by
Nordine Leo S and Nordine Molly B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roxytcb Llc $1,070,000 Commonwealth Land Title Compan
Tello Galo Alfredo -- None Available
Tello Galo A -- None Available
Tello Galo A -- First Southwestern Title Co
Tello Galo A $330,000 First Southwestern Title Co
Hud $259,548 First American Title Co
Homeside Lending Inc $259,548 First American Title Ins Co
Oneel Hussain Syed $243,000 Lawyers Title
Nordine Leo S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roxytcb Llc $909,500
Previous Owner Tello Galo A $247,500
Previous Owner Oneel Hussain Syed $241,013
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2024 07/30/24 Sold $1,070,000 -23.6% $815 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $1,400,000 -- $1,066 / Sq Ft
Source: The MLS

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 $6,686 $1,070,000 $950,000 $120,000
2024 $6,686 $468,558 $425,971 $42,587
2023 $6,463 $459,371 $417,619 $41,752
2022 $6,548 $450,365 $409,431 $40,934
2021 $6,464 $441,535 $401,403 $40,132
2020 $6,447 $437,009 $397,288 $39,721
2019 $6,257 $428,442 $389,499 $38,943
2018 $5,929 $420,042 $381,862 $38,180
2016 $5,679 $403,734 $367,035 $36,699
2015 $5,561 $397,670 $361,522 $36,148
2014 $5,547 $389,881 $354,441 $35,440
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-389476

The MLS

APN: 4050-021-005

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