NOT LISTED FOR SALE

Estimated Value: $737,801 - $907,000

2 Beds
2 Baths
1,048 Sq Ft
$760/Sq Ft Est. Value

Last Sold June 03, 2020

Last sale price $569,000 $543 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,813/month

Highlights

  • Wood Flooring
  • Laundry Room
  • Bungalow
  • Verdugo Hills Senior High School Rated A-

About This Home

As of June 2020

NEW PRICE!!!! GREAT OPPORTUNITY FOR RENTAL INCOME! INVESTORS! 2 houses on one lot! ADU rental income! Zoned R2 duplex. Live in one and rent the other or rent both out for great income! Both units delivered vacant and move in ready. This is truly a special property with two adorable bungalows on one lot. Each has a private yard and separate electric and gas meters. New electrical panels too! Front house is 2 bed + 1 bath with tons of windows for natural light, hardwood floors, and large eat in kitchen with new quartz counters. The serene front porch overlooks the fenced in, low maintenance yard, lined with beautiful succulents, statuesque cacti, and a large shade tree. This house is 768 sf. The back house is a studio with kitchen and 3/4 bath and adds an addition approximate 280 sf. Back unit has a spacious private back yard and room to entertain. Houses are both permitted with an 18 foot patio between them. This is a rare find. You can pick your renters and move them right in to help pay your mortgage OR rent both units out as a great income property. You must see this little gem! Great spot. Walk to shopping and restaurants.

Last Agent to Sell the Property

Caitlin Silver

No Firm Affiliation License #01407103 Listed on: 04/10/2020

No Firm Affiliation

Last Buyer's Agent

Justin Bonney

Clear Way Real Estate License #01338897

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,503

Year Built

  • Built in 1938

Lot Details

  • 4,409 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,048 Sq Ft Home
  • Bungalow

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 2560007015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,650
  • Water Sewer Expense $1,080
  • New Taxes Expense $7,113
  • Operating Expense $2,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,503

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1080.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 2560007015
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Price Per Square Foot: 542.94

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4409.00
  • Lot Size Acres: 0.1012

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Insurance Expense: 1650.00
  • Lot Size Area: 4409.0000 Square Feet
  • 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: 2730.00
  • Other Income Description: Not currently rented
  • Rent Control: Yes
  • Total Expenses: 2730.00

Tax Info

  • New Taxes Expense: 7112.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
May 1, 2020
Sold by
Shaw Ginevra B
Bought by
Gutierrez Louis Daniel
Seller's Agent
Caitlin Silver
No Firm Affiliation
Buyer's Agent
Justin Bonney
Clear Way Real Estate
List Price
$569,000
Sold Price
$569,000
Current Estimated Value
$796,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,200
Avg. Annual Appreciation
6.41%
Original Mortgage
$455,200
Outstanding Balance
$403,370
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$392,830

Purchase Details

Closed on
May 6, 2014
Sold by
Fannie Mae
Bought by
Shaw Ginevra B

Purchase Details

Closed on
Oct 25, 2013
Sold by
Mossman George
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Apr 25, 2001
Sold by
Escobar R J
Bought by
Mossman George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,234
Interest Rate
7.21%

Purchase Details

Closed on
Apr 23, 2001
Sold by
Dixon Johan W
Bought by
Escobar R J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,234
Interest Rate
7.21%

Purchase Details

Closed on
Oct 5, 1998
Sold by
Trust Thomas Paul A And Mary G Trs Thoma
Bought by
Dixon Johan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,434
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 1994
Sold by
Berry Mildred R and Berry Dorothy
Bought by
Thomas Paul Adam
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gutierrez Louis Daniel $569,000 Chicago Title
Shaw Ginevra B $410,000 Lawyers Title Company
Federal National Mortgage Association $377,342 Accommodation
Mossman George $179,000 American Title Co
Escobar R J -- American Title
Dixon Johan W $118,500 First American Title Co
Thomas Paul Adam -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Louis Daniel $455,200
Previous Owner Mossman George $176,234
Previous Owner Dixon Johan W $117,434
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2020 06/03/20 Sold $569,000 +1.8% $543 / Sq Ft
04/26/2020 04/26/20 Price Changed $559,000 -1.8% $533 / Sq Ft
04/10/2020 04/10/20 For Sale $569,000 -- $543 / 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 $7,503 $622,279 $497,825 $124,454
2024 $7,503 $610,078 $488,064 $122,014
2023 $7,358 $598,117 $478,495 $119,622
2022 $7,014 $586,390 $469,113 $117,277
2021 $6,930 $574,893 $459,915 $114,978
2020 $5,602 $459,562 $335,594 $123,968
2019 $5,379 $450,552 $329,014 $121,538
2018 $5,313 $441,718 $322,563 $119,155
2016 $5,075 $424,568 $310,039 $114,529
2015 $5,000 $418,191 $305,382 $112,809
2014 $4,131 $330,000 $292,000 $38,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20072555

California Regional Multiple Listing Service (CRMLS)

APN: 2560-007-015