NOT LISTED FOR SALE

Estimated Value: $832,000 - $942,000

5 Beds
3 Baths
1,997 Sq Ft
$443/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $605,000 $303 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,357/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Stone Countertops
  • Stone Flooring
  • Spanish Architecture
  • Laundry Room
  • ENERGY STAR Qualified Appliances

About This Home

As of February 2019

Wonderful Duplex and great investment opportunity. Minutes from Downtown, brand new condition and well maintained property. Front Unit is a 3 bed 2 bath unit with a wonderful inviting floor plan, spacious kitchen, tile flooring, laminate wood flooring in the the bedrooms. Bathrooms, have tiled shower/bath combo, new vanities, and tile flooring. Kitchen has granite counters, new cabinet and appliances. Second unit is a 2 bed 1 bath, with marble counter tops, wooden cabinets, stone flooring, new appliances. Each unit has washer and dryers. There is a private garage on the property, with a single car garage for each unit. Each unit has their own yard area. There is a private back ally entrance for the back unit and the entire property is fenced in with an iron gate, giving it the ultimate in privacy. The property was fully rebuilt in the past few years and has a new roof, plumbing, electrical, each unit is individually metered and so much more. This is not to be missed.

Last Agent to Sell the Property

Benny Nassiri

Asset Financial Network License #01001549 Listed on: 01/26/2019

Co-Listed By

Nima Ardabill

Asset Financial Network License #01804128

Last Buyer's Agent

Venus Martinez

Redfin Corporation License #01206834

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,738 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Stucco

Interior Spaces

  • 1,997 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Dishwasher
  • Stone Countertops

Flooring

  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • ENERGY STAR Qualified Appliances
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 413
  • Tax Tract Number 6097
  • Assessor Parcel Number 6023012018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Operating Expense $1,500
  • Net Operating Income $50,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Window Bars
  • Zoning: LAR2
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 6023012018
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Stone
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 302.95
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Security, Wood, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Green Features

  • Efficiency: Appliances

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5738.00
  • Lot Size Acres: 0.1317

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5738.0000 Square Feet
  • Net Operating Income: 50100.00
  • 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: 1500.00
  • Rent Control: No
  • Total Expenses: 1500.00

Tax Info

  • Tax Census Tract: 2395.01
  • Tax Lot: 413
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
Jan 31, 2019
Sold by
New Horizon Asset Investment Group Llc
Bought by
Martinez Carlos Alberto Rojas and Martinez Jessie D Rojas
Seller's Agent
Benny Nassiri
Asset Financial Network
Buyer's Agent
Venus Martinez
Redfin Corporation
List Price
$595,000
Sold Price
$605,000
Premium/Discount to List
$10,000
1.68%
Current Estimated Value
$885,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,271
Avg. Annual Appreciation
5.77%
Original Mortgage
$689,132
Outstanding Balance
$603,401
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$281,870

Purchase Details

Closed on
Dec 5, 2014
Sold by
Onlineware Consulting Inc
Bought by
New Horizon Asset Investment Group Llc

Purchase Details

Listed on
Jan 31, 2014
Closed on
Apr 23, 2014
Sold by
Champion Mortgage Company
Bought by
Onlineware Consulting Inc
Seller's Agent
Benny Nassiri
Asset Financial Network, Inc
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$209,900
Sold Price
$213,500
Premium/Discount to List
$3,600
1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%

Purchase Details

Closed on
Nov 6, 2013
Sold by
Morgan Gussie Mae
Bought by
Champion Mortgage Company and Nationstar Mortgage Llc

Purchase Details

Closed on
Jan 8, 2007
Sold by
Morgan Gussie Mae
Bought by
Morgan Gussie Mae and Gussie Mae Morgan Family Trust

Purchase Details

Closed on
Aug 12, 1997
Sold by
Morgan Georgia
Bought by
Morgan Gussie Mae

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
7.45%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martinez Carlos Alberto Rojas $605,000 Wfg National Title
New Horizon Asset Investment Group Llc -- None Available
Onlineware Consulting Inc $213,500 Chicago Title Company
Champion Mortgage Company $264,621 None Available
Morgan Gussie Mae -- None Available
Morgan Gussie Mae -- Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Carlos Alberto Rojas $689,132
Previous Owner Morgan Gussie Mae $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2019 02/21/19 Sold $605,000 +1.7% $303 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $595,000 +178.7% $298 / Sq Ft
05/09/2014 05/09/14 Sold $213,500 +1.7% $142 / Sq Ft View Prior Sale
04/12/2014 04/12/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $209,900 -- $140 / 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 $8,626 $691,646 $459,241 $232,405
2024 $8,487 $678,086 $450,237 $227,849
2023 $8,326 $664,791 $441,409 $223,382
2022 $7,942 $651,756 $432,754 $219,002
2021 $7,658 $623,492 $386,462 $237,030
2020 $7,733 $617,100 $382,500 $234,600
2019 $2,971 $225,170 $193,928 $31,242
2018 $2,894 $220,756 $190,126 $30,630
2016 $2,749 $212,187 $182,745 $29,442
2015 $2,690 $209,000 $180,000 $29,000
2014 -- $243,000 $180,000 $63,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19019955

California Regional Multiple Listing Service (CRMLS)

APN: 6023-012-018