NOT LISTED FOR SALE

Estimated Value: $720,000 - $997,000

4 Beds
2 Baths
1,549 Sq Ft
$555/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $460,000 $297 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,175/month

27 Days on Market

Highlights

  • Private Yard
  • Two Homes on a Lot
  • Level Lot
  • No HOA
  • 2 Car Garage

About This Home

As of September 2013

This incredible duplex is in a prime South Lawndale location! A great opportunity for the savvy INVESTOR or FIRST TIME BUYER looking to subsidize housing with a neighboring tenant! Two separate buildings means NO SHARED WALLS! Two beds, one bath, laundry hookups and a private single garage for each unit. Access to rear unit/garage through the convenient alley. Very close to El Camino College, Alondra Golf Course, Freeways. Rear unit is larger and more updated. Great tenants on month-to-month leases. Significant room for higher rents!

Last Agent to Sell the Property

Alex Smith

eXp Realty of California Inc License #01859768 Listed on: 07/16/2013

eXp Realty of California Inc

Co-Listed By

B. Gentil Smith

Smith-Properties License #00606199

Last Buyer's Agent

Angelique Gradney

Stephen Paul Gradney License #01314881

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,605 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,549 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Homes

  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 279
  • Tax Tract Number 7422
  • Assessor Parcel Number 4074024012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $480
  • Insurance Expense $840
  • Trash Expense $332
  • Water Sewer Expense $900
  • New Taxes Expense $5,249
  • Gross Income $2,575
  • Net Operating Income $22,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

5,605 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.39
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Zoning: LNR2YY
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 4074024012
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 296.97

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 332.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 5605.00
  • Lot Size Acres: 0.1290

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2575.00
  • Gross Multiplier: 13.59
  • Gross Scheduled Income: 30900.00
  • Insurance Expense: 840.00
  • Lot Size Area: 5605.0000 Square Feet
  • Net Operating Income: 22600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8300.00
  • Rent Control: No
  • Total Actual Rent: 2575.00

Tax Info

  • New Taxes Expense: 5249.00
  • Tax Lot: 279
  • Tax Tract Number: 7422
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2018
Sold by
Sheikh Shamim
Bought by
Sheikh Shamim and Shamim Sheikh Living Trust
Current Estimated Value
$859,838

Purchase Details

Listed on
Jul 16, 2013
Closed on
Sep 11, 2013
Sold by
Sheikh Farid
Bought by
Sheikh Shamin
Seller's Agent
Alex Smith
eXp Realty of California Inc
Buyer's Agent
Angelique Gradney
Stephen Paul Gradney
List Price
$419,900
Sold Price
$460,000
Premium/Discount to List
$40,100
9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$282,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2013
Closed on
Jul 29, 2013
Sold by
Sheets Michael A and Sheets Barbara A
Bought by
Sheikh Shamim
Seller's Agent
Alex Smith
eXp Realty of California Inc
Buyer's Agent
Angelique Gradney
Stephen Paul Gradney
List Price
$419,900
Sold Price
$460,000
Premium/Discount to List
$40,100
9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2005
Sold by
Sheets Michael A and Sheets Barbara A
Bought by
Sheets Michael A and Sheets Barbara A
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
Sheikh Shamim -- None Available
Sheikh Shamin -- Fidelity National Title
Sheikh Shamim $460,000 None Available
Sheets Michael A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheikh Shamim $282,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2013 09/13/13 Sold $460,000 +9.5% $297 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $419,900 -- $271 / Sq Ft
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 $7,822 $563,884 $367,754 $196,130
2024 $7,503 $552,829 $360,544 $192,285
2023 $7,111 $541,990 $353,475 $188,515
2022 $7,113 $531,364 $346,545 $184,819
2021 $6,930 $520,946 $339,750 $181,196
2020 $6,943 $515,606 $336,267 $179,339
2019 $6,679 $505,497 $329,674 $175,823
2018 $6,549 $495,586 $323,210 $172,376
2016 $6,089 $476,344 $310,660 $165,684
2015 $5,931 $469,190 $305,994 $163,196
2014 $5,896 $460,000 $300,000 $160,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13127336

California Regional Multiple Listing Service (CRMLS)

APN: 4074-024-012

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