NOT LISTED FOR SALE

Estimated Value: $1,101,000 - $1,326,866

8 Beds
4 Baths
3,500 Sq Ft
$348/Sq Ft Est. Value

Last Sold June 05, 2019

Last sale price $805,000 $230 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,341/month

88 Days on Market

Highlights

  • Open Floorplan
  • Great Room
  • Cooling System Mounted To A Wall/Window
  • Contemporary Architecture
  • Side by Side Parking
  • 4 Attached Carport Spaces

About This Home

As of June 2019

Great Location & Cash flow 4 units income property ( 2 units downstairs & 2 units upstairs) in the quiet residential cul-de-sac neighborhood; All units are 2bedrooms & 1 bath with total 7 parking space / carport in the rear alley; All newly remodel inside; Elementary school, park, church are around the corner; Easy access to 71 freeway, Mission Blvd Exit. GREAT INVESTMENT / DO NOT MISS IT...

Last Agent to Sell the Property

Serena Wu

RE/MAX 2000 REALTY License #01862869 Listed on: 12/21/2018

RE/MAX 2000 REALTY

Co-Listed By

James Chou

RE/MAX 2000 REALTY License #01344094

Last Buyer's Agent

Rajinder Singh Walia

Allseasons Investments Co License #00696142

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,474

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 9,499 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Entryway
  • Great Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Shared Driveway
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Electricity on Bond
  • Central Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 28955
  • Assessor Parcel Number 8342020022

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $336
  • Fuel Expense $480
  • Gardener Expense $600
  • Insurance Expense $1,267
  • Trash Expense $1,920
  • Water Sewer Expense $2,000
  • New Taxes Expense $10,728
  • Operating Expense $17,581
  • Gross Income $55,740
  • Net Operating Income $38,159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,474

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.70
  • Improvements Percent: 63.30
  • Price Per Unit: 4
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: POR31500*
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8342020022
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Entry Location: Living Room
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.00
  • Room Type: Entry, Great Room, Kitchen

Exterior Features

  • Direction Faces: West
  • Foundation: Concrete Perimeter, Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Shared Driveway, Side by Side
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range, Water Heater Central
  • Electric: Electricity - On Bond, Standard
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Sewer Paid
  • Trash Expense: 1920.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 36.70
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 9499.00
  • Lot Size Acres: 0.2181

Multi Family

  • Average1 Bed Area: 875 Square Feet
  • Average2 Bed Area: 875 Square Feet
  • Average3 Bed Area: 875 Square Feet
  • Average Studio Area: 875 Square Feet
  • Electric Expense: 336.00
  • Fuel Expense: 480.00
  • Gross Income: 55740.00
  • Gross Multiplier: 14.69
  • Gross Scheduled Income: 55740.00
  • Insurance Expense: 1267.00
  • Lot Size Area: 9499.0000 Square Feet
  • Net Operating Income: 38159.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Operating Expense: 17581.00
  • Rent Control: No
  • Total Expenses: 17581.00

Tax Info

  • New Taxes Expense: 10728.00
  • Tax Census Tract: 4025.01
  • Tax Lot: 5
  • Tax Tract Number: 28955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2018
Closed on
May 31, 2019
Sold by
Wu Lin Yeung and Zhang Shu Min
Bought by
Dhillon Parinder
Seller's Agent
Serena Wu
RE/MAX 2000 REALTY
Buyer's Agent
Rajinder Singh Walia
Allseasons Investments Co
List Price
$819,000
Sold Price
$805,000
Premium/Discount to List
-$14,000
-1.71%
Current Estimated Value
$1,217,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,467
Avg. Annual Appreciation
6.72%
Original Mortgage
$0
Interest Rate
4.1%
Mortgage Type
Unknown

Purchase Details

Listed on
Apr 17, 2015
Closed on
Apr 28, 2015
Sold by
Jaramillo Washington G
Bought by
Wu Lin Yeung and Zhang Shu Min
Seller's Agent
WILMA SANDOVAL
VISTA BROKERS
Buyer's Agent
James Chou
RE/MAX 2000 REALTY
List Price
$629,000
Sold Price
$632,000
Premium/Discount to List
$3,000
0.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$400,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Jaramillo Washington G and Sandoval Nick
Bought by
Jaramillo Washington G and Rosas Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,780
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2009
Sold by
Rosas Jaime and Jaramillo Washington G
Bought by
Jaramillo Washington G and Sandoval Nick

Purchase Details

Closed on
Jun 23, 2008
Sold by
Jaramillo Wilma Sandoval
Bought by
Jaramillo Washington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2008
Sold by
Jaramillo Washington and Jaramillo Wilma Sandoval
Bought by
Rosas Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 1995
Sold by
Venegas Maricela and Rosas Jaime
Bought by
Rosas Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,467
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 1995
Sold by
Sandoval Wilma
Bought by
Rosas Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,522
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
May 21, 1990
Sold by
Sandoval Victor H
Bought by
Sandoval Wilma
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
Dhillon Parinder $805,000 North American Title Co Inc
Wu Lin Yeung $632,000 Chicago Title
Jaramillo Washington G -- Chicago Title
Jaramillo Washington G -- Chicago Title Company
Jaramillo Washington G -- None Available
Jaramillo Washington -- Old Republic Title Company
Rosas Jaime -- Old Republic Title Company
Rosas Jaime -- Lawyers Title Company
Rosas Jaime $212,000 American Title Ins Co
Sandoval Wilma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dhillon Parinder $0
Open Dhillon Parinder $805,000
Previous Owner Wu Lin Yeung $400,000
Previous Owner Jaramillo Washington G $304,780
Previous Owner Rosas Jaime $318,000
Previous Owner Rosas Jaime $201,467
Previous Owner Rosas Jaime $205,522
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2019 06/05/19 Sold $805,000 -1.7% $230 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
12/21/2018 12/21/18 For Sale $819,000 0.0% $234 / Sq Ft
11/28/2017 11/28/17 Rented $1,150 0.0% --
11/20/2017 11/20/17 For Rent $1,150 0.0% --
06/09/2015 06/09/15 Sold $632,000 +0.5% $181 / Sq Ft View Prior Sale
04/26/2015 04/26/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $629,000 -- $180 / 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 $11,474 $897,987 $446,205 $451,782
2024 $11,474 $880,380 $437,456 $442,924
2023 $11,248 $863,119 $428,879 $434,240
2022 $11,071 $846,196 $420,470 $425,726
2021 $10,813 $829,605 $412,226 $417,379
2019 $1,486 $680,909 $249,953 $430,956
2018 $8,783 $667,558 $245,052 $422,506
2016 $8,237 $641,638 $235,538 $406,100
2015 $4,696 $337,413 $144,605 $192,808
2014 -- $330,805 $141,773 $189,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18293925

California Regional Multiple Listing Service (CRMLS)

APN: 8342-020-022