4852 West 111th Place

Lennox, CA 90304

$885,000
Last Sold Price
5
Beds
3
Baths
2,344 Sq. Ft.
$378 / Sq. Ft.
2,344
Sq. Ft.
$378
per Sq. Ft.

Description

Charming 3 units in Lennox Property subject to cancelation of the previous escrow Wonderful visibility of all the units, lots of rent increase potential! The FIRST unit is 2 bedrooms and 1 bath and a two-car garage. The garage has been used as a 3 bedroom. The SECOND unit is 2 bedrooms and 1 bath spacious living room. The THIRD unit is a separate house with 1 bedroom and 1 bath. The third unit feels like its own separate home. The property has a 2 car garage and 1 carport, and a long driveway can...Charming 3 units in Lennox Property subject to cancelation of the previous escrow Wonderful visibility of all the units, lots of rent increase potential! The FIRST unit is 2 bedrooms and 1 bath and a two-car garage. The garage has been used as a 3 bedroom. The SECOND unit is 2 bedrooms and 1 bath spacious living room. The THIRD unit is a separate house with 1 bedroom and 1 bath. The third unit feels like its own separate home. The property has a 2 car garage and 1 carport, and a long driveway can park a total of six vehicles: newer exterior paint and a new roof. The units include; tile flooring in the kitchen and bathroom. Each unit is open and spacious inside—a big lot size of 8,363 (Please do not disturb tenants). Just up the street from Lennox middle school, near freeways, the new SOFI Stadium, LAX airport, and shopping centers. This 3 unit home can be used to live in one and rent out the other two to help with the mortgage. The 1st garage can be converted to an ADU, and the back unit can be divided into 2 new ADU'S.
  1. Listed by Lisa Oliveras • DRE #01141551 • Brokerage DRE #01879720 • RE/MAX Estate Properties
  2. Listed by Ramsey Oliveras • DRE #01200976 • Brokerage DRE #01879720 • RE/MAX Estate Properties

Property Details for 4852 West 111th Place

Architectural Style
Bungalow
View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976

Sold By Century 21 Union Realty, Olufunke Ola, DRE #02092516

Add your commute
LISTING UPDATED: 06/29/2021 04:55 AM

Property Details for 4852 West 111th Place

StatusClosed
MLS #PV20216724
Days on Market200
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.19 AC / 8,350 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976

Sold By Century 21 Union Realty, Olufunke Ola, DRE #02092516

Add your commute

Building Information for 4852 West 111th Place

Stories1Residences-Year Built1962Building Size-Lot Size0.19 AC / 8,350 SF

Payment Calculator

$6,043 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,830

Property Taxes

$1,213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4852 West 111th Place

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $51,780
  • Gross Scheduled Income: $51,780
  • Gross Spendable Income: $0
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $51,780
  • Net Operating Income: $37,240
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Gross Multiplier: 17.67
  • Cap Rate: 4.0
  • Current Financing: FHA, Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $14,540
  • Operating Expense Percent: 28.00%
  • New Taxes Expense: $9,000
  • Gardener Expense: $960
  • Cable TV Expense: $0
  • Fuel Expense: $480
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $1,700
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Supplies Expense: $0
  • Total Expenses: $14,540
Tax / Assessment Info
  • Tax Tract Number: 324
  • Tax Census Tract: 6016.00
  • Tax Lot: 346
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: Gas Dryer Hookup, In Kitchen, Inside
  • Interior Features: Ceiling Fan(s)
  • Room Type: All Bedrooms Down, Great Room, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Wall Furnace, Natural Gas
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Security: Security Bars
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition, Shingle
  • Entry Location: Front Entry
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised
  • Other Structures: Second Garage Attached
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Level with Street
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Garage, Garage - 2 Car
  • Parking Garage Spaces: 2
  • Carport Spaces: 1
  • Parking Features: Carport, Driveway, Garage, Garage - Two Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,325
  • Unit Type Total Rent: $1,325
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $990
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Disposal: 3
  • Number Wall AC: 1

Property History for 4852 West 111th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4852 West 111th Place

Taxable ValueLand$832,320Additions$88,434Total$920,754
Tax Record2023$14,562 ($1,213 / month)
Home Facts
Total Finished SqFt2,344 SqFtAbove Grade Finished SqFt2,344 SqFtLot Size8,350 SqFtStyleTriplexYear Built1962ZoningLCR2YYCountyLOS ANGELESAPN4039-017-058

Schools near 4852 West 111th Place

This home is within Lennox School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Buford Elementary School
PublicK to 5

Lennox Middle School
Public6 to 8

Lawndale High School
Public9 to 12

Hawthorne High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.