NOT LISTED FOR SALE

Estimated Value: $1,580,000 - $2,036,861

9 Beds
8 Baths
4,270 Sq Ft
$417/Sq Ft Est. Value

Last Sold June 27, 2018

Last sale price $1,350,000 $316 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,327/month

64 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Landscaped
  • Woodrow Wilson High School Rated A
  • Garden

About This Home

As of June 2018

Reduced a total of $100,000. Low Gross Multiplier of 15.24. Upward potential on rents. Long term tenants. Upgraded 4 unit building in tip top condition located on quiet street in walking distance to Wilson High School. Recently painted exterior. Pride of ownership. Spacious master unit has a formal entry, Dining room, 3 bedrooms, 2 baths, fireplace, laundry hook-ups, newer paint, granite counters in kitchen and baths and new master bath. The other 3 units are each 2 bedrooms and 1.5 baths. Granite counters in kitchen and baths. Lots of closet space in all units.
Long term tenants at lower rents all want to stay.
Separate coin operated washer and dryer on contract in separate Community laundry room for those 3 units. Owner unit has its own inside laundry.
Two double car garages and extra parking.
Make your offers subject to inspection and approval. Please do not disturb tenants. No sign on property.

Last Agent to Sell the Property

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 03/07/2018

Last Buyer's Agent

Tyler Rogina

Compass License #01925584

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,538

Year Built

  • Built in 1975

Lot Details

  • 5,951 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Sprinkler System
  • Garden
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 4,270 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 3696
  • Assessor Parcel Number 7254007018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $408
  • Fuel Expense $150
  • Gardener Expense $900
  • Insurance Expense $1,600
  • Water Sewer Expense $1,872
  • New Taxes Expense $15,345
  • Operating Expense $21,008
  • Gross Income $92,515
  • Net Operating Income $71,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,538

Year Built

Built in 1975

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 368725
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1872.00
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7254007018
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 316.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 5951.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 408.00
  • Fuel Expense: 150.00
  • Gross Income: 92515.00
  • Gross Multiplier: 15.24
  • Gross Scheduled Income: 92527.00
  • Insurance Expense: 1600.00
  • Laundry Income: 175.00
  • Net Operating Income: 71518.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 21008.00
  • Rent Control: No
  • Total Actual Rent: 7695.00
  • Total Expenses: 21008.00

Tax Info

  • New Taxes Expense: 15345.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 16
  • Tax Tract Number: 3696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2018
Closed on
May 14, 2018
Sold by
Winters Henri V
Bought by
Dittu Faisal
Seller's Agent
Silvana Raiola
Landmark Realtors
Buyer's Agent
Tyler Rogina
Compass
List Price
$1,474,900
Sold Price
$1,350,000
Premium/Discount to List
-$124,900
-8.47%
Current Estimated Value
$1,779,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,965
Avg. Annual Appreciation
3.82%
Original Mortgage
$945,000
Outstanding Balance
$818,984
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$946,440

Purchase Details

Closed on
Jun 24, 2016
Sold by
Winters Henri Victor
Bought by
Winters Henri and Michovich Gary J

Purchase Details

Closed on
Oct 23, 2003
Sold by
Michovich Gary J and Winters Henri V
Bought by
Winters Henri Victor

Purchase Details

Closed on
Jun 5, 2001
Sold by
Horn Ronald L and Horn Beverly J
Bought by
Winters Henri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,625
Interest Rate
7.26%
Source: Public Records

Range of Values:

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Average Value
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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
Dittu Faisal $1,350,000 First American Title Company
Winters Henri -- None Available
Winters Henri Victor -- --
Winters Henri Victor -- --
Winters Henri $527,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dittu Faisal $945,000
Previous Owner Winters Henri $399,000
Previous Owner Winters Henri $395,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $1,350,000 -3.2% $316 / Sq Ft
04/23/2018 04/23/18 Price Changed $1,395,000 -2.1% $327 / Sq Ft
04/07/2018 04/07/18 Price Changed $1,424,900 -3.4% $334 / Sq Ft
03/07/2018 03/07/18 For Sale $1,474,900 -- $345 / 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 $19,538 $1,536,064 $1,075,246 $460,818
2024 $19,538 $1,505,946 $1,054,163 $451,783
2023 $19,210 $1,476,419 $1,033,494 $442,925
2022 $18,029 $1,447,471 $1,013,230 $434,241
2021 $17,665 $1,419,090 $993,363 $425,727
2019 $17,410 $1,377,000 $963,900 $413,100
2018 $8,997 $684,869 $87,502 $597,367
2016 $8,262 $658,276 $84,105 $574,171
2015 $7,938 $648,389 $82,842 $565,547
2014 $7,896 $635,689 $81,220 $554,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18053258

California Regional Multiple Listing Service (CRMLS)

APN: 7254-007-018