NOT LISTED FOR SALE

Estimated Value: $1,080,000 - $1,350,000

4 Beds
2 Baths
3,534 Sq Ft
$358/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $1,108,888 $314 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,951/month

379 Days on Market

About This Home

As of February 2021

Great opportunity to obtain a 1987 construction property currently operating at a 5.5% Cap Rate! All (4) units are 2-bed/1-bath, each unit having top of the market rents with (3) at $1950 and (1) at $2049. There is tons of parking in the rear with (8) parking spaces available, as well as laundry on site which is bringing in additional cash flow. Fantastic opportunity to own an '87 Construction property for well over 6% Cash on Cash Return.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 02/04/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Parker Boehle

Lyon Stahl Investment Real Estate, Inc. License #02054215

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 02/04/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,467

Year Built

  • Built in 1987

Lot Details

  • 6,608 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Parking Spaces

Home Design

  • 3,534 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Suburban Location
  • Private Water Source

Listing and Financial Details

  • Tax Lot 181
  • Tax Tract Number 3064
  • Assessor Parcel Number 6074002040

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,926
  • Gross Income $95,388
  • Net Operating Income $65,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,467

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6074002040
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 313.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6608.00
  • Lot Size Acres: 0.1517

Multi Family

  • Gross Income: 95388.00
  • Gross Scheduled Income: 95388.00
  • Lot Size Area: 6608.0000 Square Feet
  • Net Operating Income: 65692.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24926.00
  • Rent Control: No
  • Total Expenses: 24926.00

Tax Info

  • Tax Census Tract: 2411.20
  • Tax Lot: 181
  • Tax Tract Number: 3064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2014
Closed on
Aug 26, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sg Prop 2 Llc
Seller's Agent
Wiley Sturns
First Security Investment Co.
Buyer's Agent
GRACE CHENG
List Price
$399,900
Sold Price
$550,000
Premium/Discount to List
$150,100
37.53%
Current Estimated Value
$1,266,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$716,576
Avg. Annual Appreciation
7.76%

Purchase Details

Closed on
Jun 17, 2013
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 31, 2013
Sold by
Carrillo Arcenia S
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Nov 1, 2011
Sold by
Carrillo Arcenia S
Bought by
The 2011 Arcenia S Carrillo Living Trust

Purchase Details

Closed on
Jun 16, 2006
Sold by
Joy 2001 Llc
Bought by
Carrillo Arcenia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 21, 2002
Sold by
Morris Melvin
Bought by
Joy 2001 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.28%
Mortgage Type
Seller Take Back
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
Sg Prop 2 Llc $550,000 Servicelink Title Company
Federal Home Loan Mortgage Corporation -- None Available
Jpmorgan Chase Bank National Association $469,000 None Available
The 2011 Arcenia S Carrillo Living Trust -- None Available
Carrillo Arcenia S $705,000 Commonwealth Land Title Co
Carrillo Arcenia S -- Commonwealth Land Title Co
Joy 2001 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carrillo Arcenia S $136,000
Previous Owner Carrillo Arcenia S $493,500
Previous Owner Joy 2001 Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2021 02/17/21 Sold $1,108,888 -5.6% $314 / Sq Ft
06/15/2020 06/15/20 Price Changed $1,175,000 -2.1% $332 / Sq Ft
03/04/2020 03/04/20 For Sale $1,200,000 +8.2% $340 / Sq Ft
03/01/2020 03/01/20 Off Market $1,108,888 -- --
02/04/2020 02/04/20 For Sale $1,200,000 +118.2% $340 / Sq Ft
08/29/2014 08/29/14 Sold $550,000 +37.5% $156 / Sq Ft View Prior Sale
08/20/2014 08/20/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $399,900 +45.4% $113 / Sq Ft
02/20/2013 02/20/13 Sold $275,000 0.0% $78 / Sq Ft View Prior Sale
01/10/2013 01/10/13 Pending -- -- --
12/07/2012 12/07/12 For Sale $275,000 -- $78 / 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 $15,467 $1,200,416 $541,216 $659,200
2024 $15,278 $1,176,879 $530,604 $646,275
2023 $14,990 $1,153,803 $520,200 $633,603
2022 $14,320 $1,131,180 $510,000 $621,180
2021 $8,279 $610,670 $149,889 $460,781
2020 $8,351 $604,410 $148,353 $456,057
2019 $8,044 $592,560 $145,445 $447,115
2018 $7,898 $580,943 $142,594 $438,349
2016 $7,482 $558,386 $137,058 $421,328
2015 $7,371 $550,000 $135,000 $415,000
2014 -- $497,247 $301,362 $195,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20025261

California Regional Multiple Listing Service (CRMLS)

APN: 6074-002-040