NOT LISTED FOR SALE

Estimated Value: $907,497 - $1,122,000

6 Beds
2 Baths
2,539 Sq Ft
$394/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $495,000 $195 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $6,273/month

14 Days on Market

About This Home

As of June 2013

The subject property as it is situated now consists of (2) three-bedroom & one-bathroom detached units for a total rental square footage 2,539. Both city and assessor records are limited and permits can not be found for the third bedroom of the front house. The third bedroom of the back house is notated as a miscellaneous room. (See attached supplements). One unit offers garage parking & the other unit offers open space parking in the driveway for 2 cars. Each unit has its own entry way and driveway. One unit is accessed from Larson while the other unit is accessed from the alley way in the rear. Each unit offers individual laundry hookups as well as their own separate gas and electric meters. Owner pays for water and trash. At a potential 9.5% cash return for an investor, or for a homeowner looking to live in one unit and rent out the other, either way this is a one of a kind deal! This is a probate sale which at this time doe not require court confirmation. Any offer in need of financing shall not have a loan contingency nor an appraisal contingency. Buyer shall agree to hold seller and seller's agent harmless from any discrepancy in legal square footage as well as legal bedroom and bathroom count. In receipt of multiple offers at this time.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/27/2013

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/27/2013

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,769

Year Built

  • Built in 1952

Lot Details

  • 7,479 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,539 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 99
  • Assessor Parcel Number 09901611

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $889
  • Maintenance Expense $2,852
  • Trash Expense $240
  • Water Sewer Expense $1,308
  • New Taxes Expense $5,400
  • Gross Income $3,500
  • Net Operating Income $29,652

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,769

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.59
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1308.00
  • Property Type: Residential Income
  • Parcel Number: 09901611
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 194.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 7479.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 3500.00
  • Gross Multiplier: 10.71
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 889.00
  • Lot Size Area: 7479.0000 Square Feet
  • Maintenance Expense: 2852.00
  • Net Operating Income: 29652.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11088.00
  • Rent Control: No
  • Vacancy Allowance: 1260
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Lot: 11
  • Tax Tract Number: 099
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
Nguyen Tuan Hong and Nguyen Tammy Thanh
Bought by
Tuan H Nguyen And Tammy Thanh Ngo Living Trus
Current Estimated Value
$1,032,702

Purchase Details

Listed on
Apr 27, 2013
Closed on
May 16, 2013
Sold by
Rivera Albert
Bought by
Nguyen Tuan Hong and Ngo Tammy Thanh
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$450,000
Sold Price
$495,000
Premium/Discount to List
$45,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%

Purchase Details

Closed on
Sep 13, 1995
Sold by
Rivera Arnold
Bought by
Rivera Arnold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1985
Sold by
Rivera Arnold
Bought by
Rivera Lydia
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
Tuan H Nguyen And Tammy Thanh Ngo Living Trus -- --
Nguyen Tuan Hong $495,000 Fidelity Title Company
Rivera Arnold -- North American Title Co
Rivera Lydia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Tuan Hong $475,000
Previous Owner Nguyen Tuan Hong $493,500
Previous Owner Nguyen Tuan Hong $300,000
Previous Owner Rivera Arnold $200,000
Previous Owner Rivera Arnold $25,000
Previous Owner Rivera Arnold $30,000
Previous Owner Rivera Arnold $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $495,000 +10.0% $195 / Sq Ft
05/06/2013 05/06/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $450,000 -- $177 / 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 $7,769 $624,525 $502,349 $122,176
2024 $7,769 $612,280 $492,499 $119,781
2023 $7,625 $600,275 $482,842 $117,433
2022 $7,462 $588,505 $473,374 $115,131
2021 $7,383 $576,966 $464,092 $112,874
2020 $7,285 $571,050 $459,333 $111,717
2019 $7,146 $559,853 $450,326 $109,527
2018 $7,004 $548,876 $441,496 $107,380
2017 $6,908 $538,114 $432,839 $105,275
2016 $6,566 $527,563 $424,352 $103,211
2015 $6,474 $519,639 $417,978 $101,661
2014 $6,318 $509,460 $409,790 $99,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13075199

California Regional Multiple Listing Service (CRMLS)

APN: 099-016-11