NOT LISTED FOR SALE

Estimated Value: $761,432

2 Beds
2 Baths
1,755 Sq Ft
$434/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $750,000 $427 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,911/month

209 Days on Market

Highlights

  • Laundry Room
  • Vinyl Flooring
  • 1-Story Property
  • Wrought Iron Fence
  • Wall Furnace

About This Home

As of April 2022

Great opportunity to own Residential & Commercial!! Commercial unit is located on corner lot on a busy-traffic street. The residential home faces a side street and it includes 1 bath, 2 bedroom, & a 2 car garage. In addition, includes 2 water meters & 2 addresses. THIS IS A MUST SEE PROPERTY!!! Properties could be delivered with no tenants!

Last Agent to Sell the Property

Robin Calderon

Calperey Inc. License #01454321 Listed on: 09/14/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,234

Year Built

  • Built in 1938

Lot Details

  • 3,384 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,755 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 5298
  • Assessor Parcel Number 6063001019
  • $766 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $100
  • Fuel Expense $25
  • Insurance Expense $100
  • Trash Expense $15
  • Water Sewer Expense $85
  • Operating Expense $325
  • Gross Income $54,000
  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,234

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 337500
  • Property Attached: No
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Water Sewer Expenses: 85.00
  • Zoning: LAR4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6063001019
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 427.35
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 15.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3384.00
  • Lot Size Acres: 0.0777

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 25.00
  • Gross Income: 54000.00
  • Gross Scheduled Income: 5500.00
  • Insurance Expense: 100.00
  • Lot Size Area: 3384.0000 Square Feet
  • Net Operating Income: 66000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 325.00
  • Other Income Description: Commercial part is vacant
  • Rent Control: Yes
  • Total Actual Rent: 2000.00
  • Total Expenses: 325.00

Tax Info

  • Tax Census Tract: 2405.00
  • Tax Lot: 43
  • Tax Tract Number: 5298
  • TaxOtherAnnualAssessmentAmount: 766.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Apr 5, 2022
Sold by
Martinez Ortiz Rafael and Martinez Eugenia Maria
Bought by
Candle Light Holdings Llc
Seller's Agent
Robin Calderon
Calperey Inc.
List Price
$675,000
Sold Price
$750,000
Premium/Discount to List
$75,000
11.11%
Current Estimated Value
$761,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,432
Avg. Annual Appreciation
-1.38%
Original Mortgage
$350,000
Outstanding Balance
$331,220
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$384,448

Purchase Details

Closed on
Dec 13, 2006
Sold by
Ortiz Rafael Martinez
Bought by
Ortiz Rafael Martinez and Rodriguez Maria Eugenia

Purchase Details

Closed on
Aug 11, 2006
Sold by
Palos Francisco and Palos Guadalupe
Bought by
Ortiz Rafael Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 1999
Sold by
Magnum Properties Llc
Bought by
Palos Guadalupe and Palos Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,850
Interest Rate
11.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 1998
Sold by
Mpi Funding Corp
Bought by
Magnum Properties Llc

Purchase Details

Closed on
Sep 9, 1997
Sold by
2448 Pacific Coast Highway
Bought by
Mpi Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 19, 1997
Sold by
10024 S Main St
Bought by
2448 Pacific Coast Highway

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.34%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Candle Light Holdings Llc $675,000 New Title Company Name
Ortiz Rafael Martinez -- North American Title Co
Ortiz Rafael Martinez -- North American Title Co
Ortiz Rafael Martinez $400,000 North American Title Co
Palos Francisco -- North American Title Co
Palos Guadalupe $150,000 United Title Company
Magnum Properties Llc -- --
Mpi Funding Corp $40,000 Benefit Title
2448 Pacific Coast Highway $61,876 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Candle Light Holdings Llc $350,000
Previous Owner Ortiz Rafael Martinez $320,000
Previous Owner Palos Guadalupe $134,850
Previous Owner Magnum Properties Llc $0
Previous Owner Mpi Funding Corp $82,500
Previous Owner Mpi Funding Corp $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $750,000 +11.1% $427 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $675,000 0.0% $385 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
12/04/2021 12/04/21 Price Changed $675,000 -0.1% $385 / Sq Ft
11/16/2021 11/16/21 Price Changed $676,000 -0.1% $385 / Sq Ft
10/29/2021 10/29/21 Price Changed $677,000 -0.1% $386 / Sq Ft
10/16/2021 10/16/21 Price Changed $678,000 -0.1% $386 / Sq Ft
09/14/2021 09/14/21 For Sale $679,000 -- $387 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,234 $716,314 $477,543 $238,771
2024 $9,234 $702,270 $468,180 $234,090
2023 $9,061 $688,500 $459,000 $229,500
2022 $6,676 $504,992 $239,869 $265,123
2021 $6,588 $495,091 $235,166 $259,925
2020 $6,647 $490,015 $232,755 $257,260
2019 $6,397 $480,408 $228,192 $252,216
2018 $6,300 $470,989 $223,718 $247,271
2016 $6,010 $452,702 $215,032 $237,670
2015 $5,919 $445,903 $211,803 $234,100
2014 $5,927 $437,170 $207,655 $229,515
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21203342

California Regional Multiple Listing Service (CRMLS)

APN: 6063-001-019