$700,000
$50K PRICE DROP

Estimated payment $4,173/month

Total Views 16,658
6 Beds
2 Baths
2,160 Sq Ft
$324 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Open Floorplan
  • Property is near public transit
  • Gated Parking
  • Contemporary Architecture
  • Main Floor Bedroom

About This Home

Investor or owner occupied opportunity built in 2004. * Prime location duplex with almost matching upper and lower units with total living space of 2160 sq ft per the assessor. Each unit is 3 bedrooms, 1 bath plus a stack laundry closet. * Upper unit has new kitchen cabinets and counter plus there is new vinyl flooring in hallways and bedrooms . * Lower unit has an additional exit door to the side. * Unique to this property is a one-way alley with metal gate to the cement back yard. The gate discourages any vehicle or pedestrian traffic. Four cars fit very comfortably in the back yard. The building is built on the front of the lot. * Separate gas and electric meters plus each unit has its own water heater. * Property is located very close to freeways and public transportation.

Listing Agent

Sandy Carroll

First Team Real Estate Brokerage Phone: 562 858 1219 License #01220728 Listed on: 07/28/2024

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,678

Year Built

  • Built in 2004

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 25 x 120
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Fence is in good condition
  • No Landscaping
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Duplex
  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • Neighborhood Views

Kitchen

  • Tile Countertops
  • Formica Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

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

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway Level
  • Gated Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • RV Access or Parking

Location

  • Property is near public transit
  • Urban Location
  • Suburban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 8 / 22
  • Tax Tract Number 6478
  • Assessor Parcel Number 6051027010
  • $570 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $2,000
  • Trash Expense $300
  • Water Sewer Expense $400
  • Operating Expense $3,700
  • Gross Income $63,000
  • Net Operating Income $66,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,678

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 10.00
  • Price Per Unit: 350000
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: LAC2
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6051027010
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Open Floorplan, Tile Counters, Unfurnished
  • Stories: 2
  • Entry Location: Fr & Side Doors
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 324.07
  • Room Type: Great Room, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Block, Good Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Driveway Level, Gated, Off Street, Parking Space, RV Access/Parking, RV Potential, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Level, Near Public Transit, No Landscaping, Utilities - Overhead, Yard
  • Lot Size: 25 x 120
  • Lot Size Sq Ft: 3000.00
  • Lot Size Acres: 0.0689

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average3 Bed Area: 1080
  • Gross Income: 63000.00
  • Gross Multiplier: 9.00
  • Gross Operating Income: 70200.00
  • Gross Scheduled Income: 78000.00
  • Gross Spendable Income: 66500.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3000.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 66500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 3700.00
  • Rent Control: No
  • Total Actual Rent: 22800.00
  • Total Expenses: 3700.00
  • Vacancy Allowance: 7800
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 2408.00
  • Tax Lot: 8
  • Tax Tract: 6478
  • Tax Tract Number: 6478
  • Tax Annual Amount: 3678.00
  • Tax Year: 2023
  • TaxOtherAnnualAssessmentAmount: 570.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,745 $269,681 $110,323 $159,358
2024 $3,745 $264,394 $108,160 $156,234
2023 $3,679 $259,211 $106,040 $153,171
2022 $3,521 $254,129 $103,961 $150,168
2021 $3,468 $249,147 $101,923 $147,224
2019 $3,369 $241,758 $98,900 $142,858
2018 $3,306 $237,018 $96,961 $140,057
2016 $3,139 $227,816 $93,197 $134,619
2015 $3,092 $224,395 $91,798 $132,597
2014 $3,107 $220,000 $90,000 $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Price Changed $700,000 0.0% $324 / Sq Ft
03/17/2025 03/17/25 Price Changed $700,000 -6.7% $324 / Sq Ft
07/28/2024 07/28/24 For Sale $750,000 0.0% $347 / Sq Ft
07/28/2024 07/28/24 For Sale $750,000 +240.9% $347 / Sq Ft
08/16/2013 08/16/13 Sold $220,000 0.0% $102 / Sq Ft
03/29/2013 03/29/13 For Sale $220,000 -- $102 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $220,000 Nations Title Company Of Ca
Grant Deed $495,000 None Available
Grant Deed $395,000 Lawyers Title
Interfamily Deed Transfer -- Chicago Title
Grant Deed $299,000 Chicago Title
Grant Deed -- Chicago Title
Grant Deed $35,000 Fidelity National Title Co
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $22,750 Credit Line Revolving
Previous Owner $527,250 Unknown
Previous Owner $470,250 Negative Amortization
Previous Owner $316,000 Purchase Money Mortgage
Previous Owner $360,000 Unknown
Previous Owner $236,000 Purchase Money Mortgage
Previous Owner $150,000 Unknown
Previous Owner $40,000 No Value Available
Closed $59,000 No Value Available
Closed $79,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24154675

California Regional Multiple Listing Service (CRMLS)

APN: 6051-027-010