NOT LISTED FOR SALE

14423 Larch Ave Lawndale, CA 90260

19 Beds
12 Baths
11,752 Sq Ft
9,738 Sq Ft Lot

Last Sold January 05, 2024

Last sale price $2,850,000 $243 Per Sq Ft

6 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Living Room
  • 3-minute walk to Rudolph Park

About This Home

As of January 2024

12 unit value-add apartment building in a desirable and sought after location.
Pride of ownership. Significant improvements during the last three years.
New flooring, carpeting, upgraded plumbing, incl. water shut off valves, shower enclosures, appliances, new intercom & security cameras,
painting and more.
Two spacious laundry rooms with counters. One washer & dryer on each level for tenant use.
Onsite manager has been there 18+ years.
Good tenant chemistry.
Property also professionally managed.
Near schools and shopping and public transportation.

Last Listed By

Chris Broadhurst

Chris Broadhurst License #00615897 Listed on: 11/04/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 9,738 Sq Ft Lot
  • Lot Dimensions are 80 x 121
  • Two or More Common Walls
  • East Facing Home
  • Fenced
  • Rectangular Lot
  • Level Lot

Parking

  • 17 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Apartment
  • Flat Roof Shape
  • Fire Rated Drywall

Interior Spaces

  • 11,752 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 27
  • Tax Tract Number 5164
  • Assessor Parcel Number 4077009010

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,800
  • Fuel Expense $5,510
  • Gardener Expense $1,700
  • Insurance Expense $11,400
  • Maintenance Expense $2,470
  • Pest Control $2,400
  • Professional Management Expense $11,900
  • Trash Expense $4,800
  • Water Sewer Expense $9,200
  • Security Expense $1,100
  • New Taxes Expense $36,250
  • Operating Expense $89,010
  • Gross Income $197,200
  • Net Operating Income $139,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1980 | Remodeled

Lot Details

0

Parking

17

Listing Details

  • Assessments: Yes
  • Improvements Percent: 2.00
  • Price Per Unit: 241667
  • Professional Management Expense: 11900.00
  • Property Attached: Yes
  • Security Expense: 1100.00
  • Water Sewer Expenses: 9200.00
  • Zoning: LNR3YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1700.00
  • Parcel Number: 4077009010
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Three Or More
  • Price Per Square Foot: 242.51
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting
  • Fence: Yes
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Pest Control Expense: 2400.00
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size: 80 x 121
  • Lot Size Sq Ft: 9738.00
  • Lot Size Acres: 0.2236

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 4800.00
  • Fuel Expense: 5510.00
  • Gross Income: 197200.00
  • Gross Operating Income: 197200.00
  • Gross Scheduled Income: 197200.00
  • Insurance Expense: 11400.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1300.00
  • Lot Size Area: 9738.0000 Square Feet
  • Maintenance Expense: 2470.00
  • Net Operating Income: 139400.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Disposal: 12
  • Number With Range: 12
  • Operating Expense: 57800.00
  • Rent Control: No
  • Total Actual Rent: 196212.00
  • Total Expenses: 89010.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 36250.00
  • Tax Area: 5164
  • Tax Block: 27
  • Tax Census Tract: 6038.01
  • Tax Lot: 7
  • Tax Tract Number: 5164

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $2,850,000 -1.7% $243 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $2,900,000 -- $247 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23202337

California Regional Multiple Listing Service (CRMLS)