NOT LISTED FOR SALE

Estimated Value: $978,000 - $1,472,000

5 Beds
3 Baths
2,313 Sq Ft
$511/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $930,000 $402 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,180/month

142 Days on Market

Highlights

  • View of Trees or Woods
  • Beamed Ceilings
  • Double Pane Windows
  • Wood Flooring
  • Cul-De-Sac
  • Laundry Room

About This Home

As of May 2019

Two totally renovated ranch style homes or two high end rental income units sitting on a massive 13,940 SF lot. Each house has its own front and back yard. The front house offers three spacious bedrooms including an exquisite master en suite. This spacious home also features upgraded flooring , new windows, new interior doors, recessed lighting and new air conditioning. The renovated kitchen features quartz counters, a center island with waterfall edges and all new appliances and fixtures. A paved driveway leads to the second house which has two bedrooms, a renovated kitchen with slab granite counters , new appliances, new fixtures, newer doors and a beautiful new bathroom. In the yard there are mature fruit trees and a large walnut tree. The wide tree lined cul-de-sac street in Beverly Ranch is comprised mostly of custom picturesque single family residences . Close to Rio Hondo College this property is in a very central location with freeways allowing easy access to downtown LA , Orange County and Riverside

Last Agent to Sell the Property

Louis Dillon

Coldwell Banker Realty License #01274376 Listed on: 11/03/2018

Coldwell Banker Realty

Last Buyer's Agent

LAWSON LIN

REALTY MASTERS & ASSOCIATES License #01215597

REALTY MASTERS & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Side Facing Garage
  • Driveway Level

Property Views

  • Woods
  • Hills

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,313 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Double Pane Windows
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Attic Fan
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, grounds care, gas
  • Tax Lot 21
  • Tax Tract Number 8726
  • Assessor Parcel Number 8125028035

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Built by Custom
  • Custom

Recreation

  • Horse Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $462
  • Water Sewer Expense $1,152
  • New Taxes Expense $9,000
  • Operating Expense $2,314
  • Gross Income $60,000
  • Net Operating Income $57,686

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Beverly Ranch
  • View: Yes
  • Water Sewer Expenses: 1152.00
  • Zoning: LCR17500ED6*
  • Architectural Style: Ranch
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8125028035
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan, Beamed Ceilings, Copper Plumbing Full, Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room, Great Room
  • Levels: One
  • Price Per Square Foot: 402.08
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised, Slab
  • View: Hills, Trees/Woods
  • Builder Name: Custom
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Driveway Level, Garage, Garage Faces Side
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Cooktop, Range Hood, Water Heater Central
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 462.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Horse Trails, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Cul-De-Sac, Front Yard, Gentle Sloping, Lot 10000-19999 Sqft, Rectangular Lot, Level
  • Lot Size Sq Ft: 13941.00
  • Lot Size Acres: 0.3200
  • Latitude Manual: 34.01230000

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Gas

Multi Family

  • Average2 Bed Area: 855 Square Feet
  • Average3 Bed Area: 1458 Square Feet
  • Gross Income: 60000.00
  • Gross Multiplier: 7.40
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 700.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 13941.0000 Square Feet
  • Net Operating Income: 57686.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 2314.00
  • Other Income Description: Vacant / Rent is Pro Forma
  • Rent Control: No
  • Total Expenses: 2314.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 5003.00
  • Tax Lot: 21
  • Tax Tract Number: 8726

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2018
Closed on
May 3, 2019
Sold by
Nguyen Calvin
Bought by
Dore Navin and Dore Karen
Seller's Agent
Louis Dillon
Coldwell Banker Realty
Buyer's Agent
LAWSON LIN
REALTY MASTERS & ASSOCIATES
List Price
$899,000
Sold Price
$930,000
Premium/Discount to List
$31,000
3.45%
Current Estimated Value
$1,181,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,792
Avg. Annual Appreciation
3.64%
Original Mortgage
$445,000
Outstanding Balance
$389,648
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$792,144

Purchase Details

Listed on
Apr 22, 2018
Closed on
May 3, 2018
Sold by
Sheaffer Donna G and Masar Rita G
Bought by
Nguyen Calvin
Seller's Agent
Louis Dillon
Coldwell Banker Realty
Buyer's Agent
Louis Dillon
Coldwell Banker Realty
List Price
$699,000
Sold Price
$710,000
Premium/Discount to List
$11,000
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.47%

Purchase Details

Closed on
Mar 28, 2015
Sold by
Gans Marie D and The Marie D Gans Trust
Bought by
The Mg Irrevocable Trust

Purchase Details

Closed on
Jun 8, 1998
Sold by
Gans Marie D
Bought by
Gans Marie D and Marie D Gans Trust
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Dore Navin $930,000 Equity Title Orange County
Nguyen Calvin $710,000 Equity Title Orange County I
Nguyen Calvin -- Equity Title Company
The Mg Irrevocable Trust -- None Available
Gans Marie D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dore Navin $445,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2019 05/16/19 Sold $930,000 +3.4% $402 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
11/03/2018 11/03/18 For Sale $899,000 +26.6% $389 / Sq Ft
05/31/2018 05/31/18 Sold $710,000 +1.6% $308 / Sq Ft View Prior Sale
04/30/2018 04/30/18 Pending -- -- --
04/22/2018 04/22/18 For Sale $699,000 -- $303 / 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 $12,510 $1,037,426 $758,550 $278,876
2024 $12,510 $1,017,085 $743,677 $273,408
2023 $12,111 $997,144 $729,096 $268,048
2022 $11,868 $977,593 $714,800 $262,793
2021 $11,626 $958,426 $700,785 $257,641
2020 $11,532 $948,600 $693,600 $255,000
2019 $2,351 $724,200 $520,200 $204,000
2018 $1,852 $96,914 $26,473 $70,441
2016 $1,758 $93,152 $25,446 $67,706
2015 $1,647 $91,753 $25,064 $66,689
2014 $1,637 $89,957 $24,574 $65,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18264995

California Regional Multiple Listing Service (CRMLS)

APN: 8125-028-035