NOT LISTED FOR SALE

Estimated Value: $3,378,000

16 Beds
12 Baths
6,024 Sq Ft
$561/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $3,325,000 $552 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $19,439/month

Highlights

  • New Construction
  • Open Floorplan
  • Living Room Balcony
  • No Units Above
  • Modern Architecture
  • Living Room

About This Home

As of March 2024

Sold before processing.

Last Agent to Sell the Property

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 03/21/2024

Co-Listed By

Ian Maddox

Myunits.com Inc. License #02030205

Last Buyer's Agent

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 03/21/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,407

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 7,912 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Fenced
  • New Fence
  • Landscaped
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Modern Architecture
  • Quadruplex
  • Turnkey

Interior Spaces

  • 6,024 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Living Room

Kitchen

  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 5473
  • Assessor Parcel Number 2419011018
  • $240 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,410
  • Maintenance Expense $1,600
  • New Taxes Expense $38,754
  • Operating Expense $44,563
  • Gross Income $18,800
  • Net Operating Income $172,013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,407

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.17
  • Price Per Unit: 831250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LARD1.5
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2419011018
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 551.96
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: New Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Sq Ft: 7912.00
  • Lot Size Acres: 0.1816

Multi Family

  • Gross Income: 18800.00
  • Gross Multiplier: 14.74
  • Gross Operating Income: 216576.00
  • Gross Scheduled Income: 225600.00
  • Insurance Expense: 2410.00
  • Lot Size Area: 7912.0000 Square Feet
  • Maintenance Expense: 1600.00
  • Net Operating Income: 172013.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 44563.00
  • Rent Control: No
  • Total Expenses: 44563.00
  • Vacancy Allowance: 9024

Tax Info

  • New Taxes Expense: 38754.00
  • Tax Census Tract: 1255.01
  • Tax Lot: 28
  • Tax Tract Number: 5473
  • TaxOtherAnnualAssessmentAmount: 240.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2023
Sold by
Addison Capital Partners Llc
Bought by
Jeffrey E Palmer Family Trust and Palmer
Current Estimated Value
$3,378,000

Purchase Details

Closed on
Apr 15, 2021
Sold by
Irete Lewis David and Irete Allison
Bought by
Addison Capital Partners Llc

Purchase Details

Closed on
Aug 16, 2006
Sold by
Irete Lewis David
Bought by
Irete Lewis David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2004
Sold by
Nellie Dana Sue
Bought by
Irete Lewis David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1995
Sold by
Irete Lewis David
Bought by
Neillie Dana Sue

Purchase Details

Closed on
Jul 26, 1994
Sold by
Alvy Kerby T and Alvy Mary H
Bought by
Irete David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,250
Interest Rate
8.8%
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
Jeffrey E Palmer Family Trust $3,325,000 Monarch Title
Addison Capital Partners Llc $975,000 North American Title Co
Irete Lewis David -- Southland Title
Irete Lewis David $538,000 Ticor Title Co
Neillie Dana Sue -- --
Irete David $225,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Addison Capital Partners Llc $1,740,000
Previous Owner Irete Lewis David $300,000
Previous Owner Irete Lewis David $592,500
Previous Owner Irete Lewis David $581,250
Previous Owner Irete Lewis David $416,000
Previous Owner Neillie Dana S $467,000
Previous Owner Neillie Dana Sue $382,500
Previous Owner Neillie Dana Sue $323,000
Previous Owner Neillie Dana Sue $256,000
Previous Owner Irete David $202,250
Closed Irete Lewis David $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $4,395 -- --
09/24/2024 09/24/24 Price Changed $4,395 -2.2% $3 / Sq Ft
09/17/2024 09/17/24 Price Changed $4,495 -4.3% $3 / Sq Ft
08/26/2024 08/26/24 For Rent $4,699 0.0% --
03/21/2024 03/21/24 Sold $3,325,000 0.0% $552 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $3,325,000 -- $552 / 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
2023 $12,407 $1,014,390 $1,014,390 $0
2022 $11,889 $994,500 $795,600 $198,900
2021 $8,590 $706,657 $498,340 $208,317
2020 $8,676 $699,412 $493,231 $206,181
2019 $8,334 $685,699 $483,560 $202,139
2018 $8,234 $672,255 $474,079 $198,176
2016 $7,867 $646,153 $455,671 $190,482
2015 $7,752 $636,448 $448,827 $187,621
2014 $7,782 $623,982 $440,036 $183,946
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24057146

California Regional Multiple Listing Service (CRMLS)

APN: 2419-011-018