NOT LISTED FOR SALE

Estimated Value: $739,000 - $1,060,000

4 Beds
2 Baths
1,984 Sq Ft
$467/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $495,000 $249 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,476/month

22 Days on Market

About This Home

As of November 2014

Perfect investment opportunity, this duplex offers two large units 2 bed, 1 bath each, Motivated

Last Agent to Sell the Property

Steve Hovakimyan

City Center Realty Group License #01363908 Listed on: 10/06/2014

Last Buyer's Agent

Elvin Apelian

Equity Union License #01433009

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,283

Year Built

  • Built in 1964

Lot Details

  • 4,410 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • 1,984 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Tax Lot 121
  • Tax Tract Number 4728
  • Assessor Parcel Number 2560012028

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $600
  • New Taxes Expense $6,737
  • Gross Income $2,750
  • Net Operating Income $23,823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,283

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2560012028
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 249.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4410.00
  • Lot Size Acres: 0.1010

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Income: 2750.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 4410.0000 Square Feet
  • Net Operating Income: 23823.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8187.00
  • Rent Control: Yes
  • Total Actual Rent: 2750.00

Tax Info

  • New Taxes Expense: 6737.00
  • Tax Lot: 121
  • Tax Tract Number: 4728
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2022
Sold by
Kavorkian Narbeh
Bought by
Kavorkian Family Revocable Trust and Kavorkian
Current Estimated Value
$925,679

Purchase Details

Listed on
Oct 6, 2014
Closed on
Nov 19, 2014
Sold by
Mkrtchian Christine
Bought by
Naaom Saif G
Seller's Agent
Steve Hovakimyan
City Center Realty Group
Buyer's Agent
Elvin Apelian
Equity Union
List Price
$539,000
Sold Price
$495,000
Premium/Discount to List
-$44,000
-8.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Listed on
Oct 6, 2014
Closed on
Nov 3, 2014
Sold by
Yepremyan Vardui
Bought by
Kavorkian Narbeh and Naaom Fadi G
Seller's Agent
Steve Hovakimyan
City Center Realty Group
Buyer's Agent
Elvin Apelian
Equity Union
List Price
$539,000
Sold Price
$495,000
Premium/Discount to List
-$44,000
-8.16%

Purchase Details

Listed on
Jul 30, 2013
Closed on
Sep 17, 2013
Sold by
Vardapetyan Levon
Bought by
Yepremyan Vardui
Seller's Agent
Oliver Moussa
Revilo Realty, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$499,000
Sold Price
$465,000
Premium/Discount to List
-$34,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$395,000
Interest Rate
4.57%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 30, 2013
Closed on
Sep 9, 2013
Sold by
Mexia Jess
Bought by
Yepremyan Vardui
Seller's Agent
Oliver Moussa
Revilo Realty, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$499,000
Sold Price
$465,000
Premium/Discount to List
-$34,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
4.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 2006
Sold by
Jess Mexia Living Trust
Bought by
Mexia Jess

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2005
Sold by
Mexia Jess
Bought by
The Jess Mexia Living Trust

Purchase Details

Closed on
Feb 23, 2005
Sold by
Mexia Jess and Mexia Jesse
Bought by
Mexia Jess

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2002
Sold by
Stevens Theodore R and Stevens Carol M
Bought by
Mexia Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.6%
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
Kavorkian Family Revocable Trust -- None Listed On Document
Naaom Saif G -- Lawyers Title
Kavorkian Narbeh -- Lawyers Title Co
Kavorkian Narbeh $495,000 Lawyers Title
Yepremyan Vardui -- Chicago Title Company
Yepremyan Vardui $54,500 Chicago Title Company
Mexia Jess -- Fidelity Van Nuys
The Jess Mexia Living Trust -- --
Mexia Jess -- Ticor Title Orange
Mexia Jesse $265,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yepremyan Vardui $395,000
Previous Owner Mexia Jess $395,000
Previous Owner Mexia Jess $339,500
Previous Owner Mexia Jesse $238,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2014 11/21/14 Sold $495,000 -8.2% $249 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $539,000 +15.9% $272 / Sq Ft
10/04/2013 10/04/13 Sold $465,000 -6.8% $234 / Sq Ft View Prior Sale
08/30/2013 08/30/13 Pending -- -- --
07/30/2013 07/30/13 For Sale $499,000 -- $252 / 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 $7,283 $594,907 $360,551 $234,356
2024 $7,283 $583,243 $353,482 $229,761
2023 $7,144 $571,807 $346,551 $225,256
2022 $6,813 $560,596 $339,756 $220,840
2021 $6,723 $549,605 $333,095 $216,510
2019 $6,523 $533,305 $323,216 $210,089
2018 $6,446 $522,849 $316,879 $205,970
2016 $6,149 $502,548 $304,575 $197,973
2015 $6,060 $495,000 $300,000 $195,000
2014 $5,756 $465,000 $300,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14214268

California Regional Multiple Listing Service (CRMLS)

APN: 2560-012-028