NOT LISTED FOR SALE

Estimated Value: $802,000 - $938,000

6 Beds
4 Baths
2,050 Sq Ft
$423/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $650,000 $317 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,711/month

84 Days on Market

About This Home

As of November 2019

*BACK ON MARKET-BUYER COULDN'T GET A LOAN*- Excellent opportunity for an investor or owner/user to purchase an updated apartment complex with vacant units, room to build more units, and garage and storage units that can be rented out. Unit #1 is a Vacant 3bd/1ba ground floor of building#1 which has just been remodeled for the modern buyer. Unit #2 is upstairs and 2bd/2ba paying $1,300 a month and Unit #3 in building #2 is a top floor 1bd/1ba paying $900 a month. Building # 2 has two garage units. The first unit was converted into a bachelor unit by previous owner, but is currently being used as storage, but can be converted back. The second garage unit is being rented out as storage by Unit#2.

Last Listed By

Justin Saba

Justin Saba License #01897261 Listed on: 06/11/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,283

Year Built

  • Built in 1948

Lot Details

  • 8,960 Sq Ft Lot

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6060-022-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,283

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Showing of vacant 3bd/1ba unit by appointment only. Other units to be shown with accepted offer ONLY. Property has two units that are occupied and the tenants are NOT to be approached/contacted/disturbed under any circumstances.
  • Living Area: 2050
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Hood Fan
  • Price Per S Q F T: 319.51

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 183600
  • Assessed Land Value: 306000
  • Assessor Parcel Number: 6060-022-008
  • Geocode Override: No
  • Lot Size Area: 8960

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.61
  • Number Of Units: 3
  • Total Annual Expense: 2960
  • Type Of Units: Apartment
  • Vacancy Rate: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Parker Darla M
Bought by
La Elite Property Group Llc
Total Days on Market
84
Current Estimated Value
$867,165

Purchase Details

Closed on
Sep 6, 2019
Sold by
Sababa Properties Inc
Bought by
Parker Darla M and Perry Abrianna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2018
Closed on
Jan 7, 2019
Sold by
The Rank Of New York Mellon
Bought by
Sababa Properties Inc
Seller's Agent
Shawn Sedghi
Nelson Shelton & Associates
Buyer's Agent
Shawn Sedghi
Nelson Shelton & Associates
List Price
$559,900
Sold Price
$510,000
Premium/Discount to List
-$49,900
-8.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%

Purchase Details

Closed on
Nov 12, 2018
Sold by
Law Offices Of Les Zieve
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 16, 2016
Sold by
Chacon Sylvia
Bought by
Velis Elena

Purchase Details

Closed on
Apr 12, 2016
Sold by
Palacios Clelia
Bought by
Chacon Sylvia

Purchase Details

Closed on
Jun 28, 2003
Sold by
Barajas Juan B
Bought by
Palacios Clelia

Purchase Details

Closed on
Jun 26, 2003
Sold by
Barrera Jaimegonzalez and Gallegos Norma M
Bought by
Palacios Clelia and Barajas Juan B

Purchase Details

Closed on
Jun 24, 1996
Sold by
Barajas Guadalupe
Bought by
Barajas Juan B

Purchase Details

Closed on
Apr 3, 1996
Sold by
Rosales Yolanda and Lopez Marco
Bought by
Barajas Juan B and Barrera Jaime Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,990
Interest Rate
8.39%
Mortgage Type
FHA

Purchase Details

Closed on
May 15, 1995
Sold by
Hud
Bought by
Rosales Yolanda and Lopez Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.88%

Purchase Details

Closed on
Dec 29, 1993
Sold by
Keycorp Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Dec 27, 1993
Sold by
Cal Western Reconveyance Corp
Bought by
Keycorp Mtg Inc

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
La Elite Property Group Llc -- None Listed On Document
Parker Darla M $650,000 Fidelity Natl Ttl Co Long Be
Sababa Properties Inc $535,500 Timios Title A California Co
The Bank Of New York Mellon $544,000 Accommodation
Velis Elena -- None Available
Chacon Sylvia -- None Available
Palacios Clelia -- --
Palacios Clelia -- --
Barajas Juan B -- Universal Title Company
Barajas Juan B $185,000 Universal Title Company
Rosales Yolanda $145,000 California Counties Title Co
Hud -- Benevest Title
Keycorp Mtg Inc $171,608 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Elite Property Group Llc $675,000
Previous Owner Parker Darla M $490,000
Previous Owner Parker Darla M $487,500
Previous Owner Palacios Clelia $420,000
Previous Owner Palacios Clelia $244,550
Previous Owner Barajas Juan B $179,990
Previous Owner Rosales Yolanda $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $650,000 -0.8% $317 / Sq Ft
06/11/2019 06/11/19 For Sale $655,000 +28.4% $320 / Sq Ft
01/14/2019 01/14/19 Sold $510,000 -8.9% $249 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
11/22/2018 11/22/18 For Sale $559,900 -- $273 / Sq Ft
Source: The MLS

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
2024 $10,283 $714,000 $510,000 $204,000
2023 $9,665 $683,265 $473,030 $210,235
2022 $9,237 $669,868 $463,755 $206,113
2021 $9,144 $656,734 $454,662 $202,072
2020 $9,211 $650,200 $450,000 $200,200
2019 $7,405 $510,200 $330,000 $180,200
2018 $7,264 $499,592 $312,120 $187,472
2016 $5,232 $333,280 $228,193 $105,087
2015 $5,159 $328,275 $224,766 $103,509
2014 $5,170 $321,846 $220,364 $101,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-476834

The MLS

APN: 6060-022-008