NOT LISTED FOR SALE

1016 Lucas St San Fernando, CA 91340

Estimated Value: $561,000 - $721,409

3 Beds
2 Baths
1,191 Sq Ft
$555/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $332,000 $279 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,040/month

42 Days on Market

Highlights

  • Gated Parking
  • Private Yard
  • Wood Frame Window
  • Custom Home
  • Two Homes on a Lot
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2017

Fantastic opportunity*NO rent control on this great legal duplex with lots of potential*Front unit pays $1,500 for 2+1 & rear unit pays $750 for 1+1*Each unit has its own water heater*Tenants currently pay all utilities including the trash* Front unit has outside laundry area with hook-ups* Low maintenance* Has front and backyard, separate cement slab with security gate to park your equipment and or vehicles* Tenants are both long term tenants on a month to month basis* New owner can do a 60 day notice after COE*All appliances belong to the tenants* Even has a basement*

Last Agent to Sell the Property

Dan Tresierras

Park Regency Realty License #00672130 Listed on: 09/15/2017

Park Regency Realty

Last Buyer's Agent

Lina Patel

Realty Executives Homes License #01412894

Realty Executives Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,275

Year Built

  • Built in 1918

Lot Details

  • 4,195 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Custom Home
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Frame Window

Kitchen

  • Gas Cooktop
  • Ceramic Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Parking

  • Public Parking
  • Driveway
  • Gated Parking
  • On-Street Parking
  • Uncovered Parking
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for all utilities, gas, trash collection, water
  • Tax Lot 3,4
  • Tax Tract Number 1948
  • Assessor Parcel Number 2515016004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Professional Management Expense $1,200
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,275

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Professional Management Expense: 1200.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Zoning: SFC2*
  • Architectural Style: Custom Built
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 2515016004
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Room Type: All Bedrooms Down, Laundry
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking Features: Uncovered, Driveway, Gated, Parking Space, Public, Street

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Outside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Level with Street, Rectangular Lot, Level, Paved, Yard
  • Lot Size Sq Ft: 4195.00

Rental Info

  • Tenant Pays: All Utilities, Gas, Trash Collection, Water

Multi Family

  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 900.00
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1350.00
  • Rent Control: No
  • Total Actual Rent: 2250.00

Tax Info

  • Tax Census Tract: 3201.00
  • Tax Lot: 3,4
  • Tax Tract Number: 1948

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2018
Sold by
Rodriguez Francisco and Rodriguez Aida
Bought by
Rodriguez Francisco and Lara Rodriguez Aida
Current Estimated Value
$660,852

Purchase Details

Listed on
Sep 15, 2017
Closed on
Nov 3, 2017
Sold by
Padbla Javier and Padilla Connie
Bought by
Rodriguez Francisco and Rodriguez Aida E
Seller's Agent
Dan Tresierras
Park Regency Realty
Buyer's Agent
Lina Patel
Realty Executives Homes
List Price
$405,000
Sold Price
$332,000
Premium/Discount to List
-$73,000
-18.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$249,000
Outstanding Balance
$210,126
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$450,726

Purchase Details

Closed on
Mar 2, 2016
Sold by
Padilla Javier and Padilla Connie
Bought by
Javier Padilla and Javier Connie Padilla

Purchase Details

Closed on
Dec 26, 2006
Sold by
Padilla Connie
Bought by
Padilla Javier G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2006
Sold by
Padilla Javier and Padilla Connie
Bought by
Padilla Javier G and Padilla Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Rodriguez Francisco -- None Available
Rodriguez Francisco $332,000 Lawyers Title
Javier Padilla -- None Available
Padilla Javier G -- Investors Title Company
Padilla Javier G -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Francisco $249,000
Previous Owner Padilla Javier G $200,000
Previous Owner Padilla Javier $95,153
Previous Owner Padilla Javier $80,153
Previous Owner Padilla Javier $15,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $332,000 -18.0% $279 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $405,000 -- $340 / 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 $5,275 $377,751 $264,427 $113,324
2024 $5,275 $370,345 $259,243 $111,102
2023 $5,245 $363,084 $254,160 $108,924
2022 $5,014 $355,966 $249,177 $106,789
2021 $4,879 $348,988 $244,292 $104,696
2020 $5,024 $345,411 $241,788 $103,623
2019 $4,866 $338,640 $237,048 $101,592
2018 $4,823 $332,000 $232,400 $99,600
2017 $2,013 $131,232 $104,996 $26,236
2016 $1,965 $128,660 $102,938 $25,722
2015 $1,955 $126,728 $101,392 $25,336
2014 $1,963 $124,246 $99,406 $24,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17214369

California Regional Multiple Listing Service (CRMLS)

APN: 2515-016-004