NOT LISTED FOR SALE

Estimated Value: $751,618

4 Beds
3 Baths
1,934 Sq Ft
$389/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $630,000 $326 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,740/month

29 Days on Market

Highlights

  • All Bedrooms Downstairs
  • High Ceiling
  • In-Law or Guest Suite
  • Open Floorplan
  • Granite Countertops
  • Living Room

About This Home

As of April 2021

BACK IN THE MARKET !!! 3 UNITS Excellent Opportunity for Investors OR 1st Time Home Buyers looking for Rental Income 2 SEPARATE UNITS + 1 Retail /Office front. Existing Units have been totally renovated, new doors , new bathrooms , New Kitchen , new electrical , recessed lighting , Enclosed private parking , inside ,Washer & dryer hookups , Totally Fenced in with PARKING INSIDE + Separate 2 CAR GARAGE .THis is A Mix use Residential /commercial with less that 20% (office /retail)
ALL units are rented now with Positive Cash Flow.
We will Follow and adhere to CDC Covid -19 Protocol and all other government agencies recommendations of social distancing and use of protective gear

Last Agent to Sell the Property

J .Rene Villanueva

Rene VIllanueva, Broker License #01202041 Listed on: 02/01/2021

Last Buyer's Agent

Thomas Lorini

eXp Realty of California Inc License #02049448

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,830

Year Built

  • Built in 1947

Lot Details

  • 4,040 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • New Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Flat Roof Shape
  • Wood Siding
  • Plaster
  • Stucco

Interior Spaces

  • 1,934 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Gas Fireplace
  • Living Room
  • Dining Room with Fireplace
  • Center Hall

Kitchen

  • Range Hood
  • Granite Countertops
  • Trash Compactor

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • Converted Bedroom
  • In-Law or Guest Suite
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Suburban Location

Listing and Financial Details

  • Tenant pays for roof
  • Tax Lot 184
  • Tax Tract Number 5745
  • Assessor Parcel Number 6063023026

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $750
  • Insurance Expense $1,100
  • Trash Expense $560
  • Water Sewer Expense $750
  • New Taxes Expense $6,500
  • Operating Expense $9,660
  • Gross Income $54,120
  • Net Operating Income $44,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,830

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • CapRate: 0.08
  • Other Phone Description: 562-2398011
  • Property Attached: No
  • Water Sewer Expenses: 750.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6063023026
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: In-Law Floorplan, Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Dining Room, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 325.75
  • Room Type: All Bedrooms Down, Center Hall, Converted Bedroom, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: New Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Plaster, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Range Hood, Trash Compactor, Vented Exhaust Fan
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 560.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4040.00
  • Lot Size Acres: 0.0927

Rental Info

  • Tenant Pays: Roof

Multi Family

  • Fuel Expense: 750.00
  • Gross Income: 54120.00
  • Gross Multiplier: 9.62
  • Gross Operating Income: 54120.00
  • Gross Scheduled Income: 54120.00
  • Gross Spendable Income: 54120.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 4040.0000 Square Feet
  • Net Operating Income: 44460.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 9660.00
  • Rent Control: Yes
  • Total Actual Rent: 1100.00
  • Total Expenses: 9660.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Lot: 184
  • Tax Tract Number: 5745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Feb 23, 2021
Sold by
New Era Homes Llc
Bought by
Sandhu Arvind
Seller's Agent
J .Rene Villanueva
Rene VIllanueva, Broker
Buyer's Agent
Thomas Lorini
eXp Realty of California Inc
List Price
$620,000
Sold Price
$630,000
Premium/Discount to List
$10,000
1.61%
Current Estimated Value
$751,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,618
Avg. Annual Appreciation
4.05%
Original Mortgage
$504,000
Outstanding Balance
$452,562
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$299,056

Purchase Details

Listed on
Mar 7, 2016
Closed on
Oct 10, 2018
Sold by
Hurtado Hurtado Arthur F Arthur F and Hurtado De Lopez Sally
Bought by
New Era Homes Llc
Seller's Agent
RICHARD CERDA
EQUITY PLUS REALTY
Buyer's Agent
J .Rene Villanueva
Rene VIllanueva, Broker
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.22%
Original Mortgage
$239,560
Interest Rate
4.8%
Mortgage Type
Construction
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
Sandhu Arvind $630,000 Usa National Title Co
New Era Homes Llc $300,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandhu Arvind $504,000
Previous Owner New Era Homes Llc $239,560
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $630,000 +1.6% $326 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $620,000 +6.9% $321 / Sq Ft
09/28/2020 09/28/20 Sold $580,000 0.0% $355 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $580,000 0.0% $355 / Sq Ft
06/22/2020 06/22/20 Off Market $580,000 -- --
03/10/2020 03/10/20 For Sale $520,000 0.0% $318 / Sq Ft
01/08/2020 01/08/20 Rented $1,700 +3.0% --
11/24/2019 11/24/19 For Rent $1,650 0.0% --
11/15/2018 11/15/18 Sold $330,000 -5.4% $202 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
03/07/2016 03/07/16 For Sale $349,000 -- $213 / 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 $8,830 $681,930 $476,269 $205,661
2024 $8,830 $668,560 $466,931 $201,629
2023 $8,664 $655,452 $457,776 $197,676
2022 $8,280 $642,600 $448,800 $193,800
2021 $4,404 $309,170 $185,502 $123,668
2020 $4,440 $306,000 $183,600 $122,400
2019 $4,280 $300,000 $180,000 $120,000
2018 $955 $22,151 $9,458 $12,693
2016 $894 $21,293 $9,092 $12,201
2015 $879 $20,974 $8,956 $12,018
2014 $875 $20,564 $8,781 $11,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21007956

California Regional Multiple Listing Service (CRMLS)

APN: 6063-023-026