NOT LISTED FOR SALE

Estimated Value: $1,231,521

16 Beds
7 Baths
6,587 Sq Ft
$187/Sq Ft Est. Value

Last Sold September 16, 2014

Last sale price $650,000 $99 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $7,450/month

About This Home

As of September 2014

Mixed use property consisting of 4 large residential units and an approximate 2000 sq.ft office/commercial space. Some residential units have upgraded with new flooring, carpet, paint, and new heating systems. The owner has a business permit to convert the office/commercial space into senior housing up to 6 seniors or it can be used as a commercial space. Residential unit mix consists of 1-4+1, 1-3+2, 1-2+1, 1-1+1. The office space has 1 full kitchen, another kitchen area with sink and 2 half bathrooms. Drive by only, do not disturb occupants.

Last Agent to Sell the Property

Carlos Gosalvez

No Firm Affiliation License #01740951 Listed on: 06/07/2014

Co-Listed By

Andres Andy Guzman

Sunset Group Realty License #01480945

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,277

Year Built

  • Built in 1922

Lot Details

  • 0.33 Acre Lot
  • 1 Common Wall

Home Design

  • 6,587 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 7 Bathrooms

Parking

  • 13 Parking Spaces
  • 6 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 395
  • Tax Tract Number 1631
  • Assessor Parcel Number 4031012010

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $4,233
  • Maintenance Expense $1,500
  • Trash Expense $2,400
  • Water Sewer Expense $2,400
  • Gross Income $5,200
  • Net Operating Income $75,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,277

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4031012010
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 98.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14280.00
  • Lot Size Acres: 0.3280

Multi Family

  • Gross Income: 5200.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 4233.00
  • Lot Size Area: 14280.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 75267.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 903.00
  • Rent Control: No
  • Total Actual Rent: 5150.00

Tax Info

  • Tax Lot: 395
  • Tax Tract Number: 1631
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2014
Closed on
Aug 28, 2014
Sold by
Garg Anu
Bought by
Moaven Saeed
Seller's Agent
Carlos Gosalvez
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$695,000
Sold Price
$650,000
Premium/Discount to List
-$45,000
-6.47%
Current Estimated Value
$1,231,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,521
Avg. Annual Appreciation
5.94%
Original Mortgage
$450,000
Outstanding Balance
$343,867
Interest Rate
4.09%
Mortgage Type
Commercial
Estimated Equity
$887,654

Purchase Details

Listed on
Dec 10, 2010
Closed on
Feb 16, 2012
Sold by
Miller Matthew
Bought by
Nedler Barrie
Seller's Agent
Martin Watkins
Watkins Realty & Investments
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$675,000
Sold Price
$530,000
Premium/Discount to List
-$145,000
-21.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$397,500
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 10, 2010
Closed on
Feb 11, 2012
Sold by
Littleton Michael A
Bought by
Garg Anu Bala
Seller's Agent
Martin Watkins
Watkins Realty & Investments
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$675,000
Sold Price
$530,000
Premium/Discount to List
-$145,000
-21.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 10, 2010
Closed on
Jan 17, 2012
Sold by
Polycomp Trust Co
Bought by
Garg Anu
Seller's Agent
Martin Watkins
Watkins Realty & Investments
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$675,000
Sold Price
$530,000
Premium/Discount to List
-$145,000
-21.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 15, 2011
Sold by
Adebiyi Bola
Bought by
Polycomp Trust Company and Jerome Nedler Ira

Purchase Details

Closed on
Nov 28, 2006
Sold by
Dynasty Dynamic Inc
Bought by
Adebiyi Bola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2000
Sold by
Robinson Palmer Kyle
Bought by
Dynasty Dynamic Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 1999
Sold by
Robinson Palmer K
Bought by
Holland R Morgan

Purchase Details

Closed on
May 1, 1997
Sold by
Mayes Thomas J and Mayes Betty J
Bought by
Robinson Palmer Kyle
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
Moaven Saeed $650,000 Progressive Title Company
Nedler Barrie -- Lawyers Title Sd
Wynn Victoria -- Lawyers Title Sd
Garg Anu Bala -- Lawyers Title Sd
Garg Anu $530,000 Lawyers Title Sd
Polycomp Trust Company $355,438 Stewart Title
Adebiyi Bola $725,000 Fidelity National Title Escr
Dynasty Dynamic Inc $220,000 First Southwestern Title
Holland R Morgan -- --
Robinson Palmer Kyle $134,181 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moaven Saeed $450,000
Previous Owner Garg Anu $397,500
Previous Owner Adebiyi Bola $472,000
Previous Owner Dynasty Dynamic Inc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2014 09/16/14 Sold $650,000 -6.5% $99 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
06/07/2014 06/07/14 For Sale $695,000 +31.1% $106 / Sq Ft
03/01/2012 03/01/12 Sold $530,000 -21.5% $326 / Sq Ft View Prior Sale
01/31/2012 01/31/12 Pending -- -- --
12/10/2010 12/10/10 For Sale $675,000 -- $415 / 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 $11,277 $781,191 $600,920 $180,271
2024 $11,277 $765,875 $589,138 $176,737
2023 $11,166 $750,859 $577,587 $173,272
2022 $11,349 $736,137 $566,262 $169,875
2021 $11,246 $721,704 $555,159 $166,545
2019 $10,619 $700,300 $538,694 $161,606
2018 $10,361 $686,570 $528,132 $158,438
2016 $9,783 $659,912 $507,625 $152,287
2015 $9,696 $650,000 $500,000 $150,000
2014 $8,448 $543,053 $461,083 $81,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14120833

California Regional Multiple Listing Service (CRMLS)

APN: 4031-012-010