T
Seller's Agent in 2014
Tony Burton
Burton Commercial, Inc.
(951) 375-7433
5 Total Sales
Estimated Value: $588,394 - $722,000
2
Beds
1
Bath
3,200
Sq Ft
$211/Sq Ft
Est. Value
About This Home
As of August 2014This fourplex consists of very highly desired rentable units. Besides the roomy 2 bedroom one bath units, each unit has its own private backyard (except for Unit #D) and patio. Tenants have the comforts of a single family residence without having to pay for it. These month to month rents on actual income and expenses perform at credible 9.33 GRM and a 6.50 Cap (see Supplements). However, market rents at $750 monthly are $125 monthly above the monthly $625 monthly the tenants are paying. At market rents, this investment performs at a 8.53 cap and a 7.77 GRM! Other amenities include forced heat & air, breakfast bar, & private carports for each unit. Please note that Unit #D, doesn't have a private yard, but has a very large private patio. This fourplex must be sold with the Triplex next door at 1127 Olive Tree. Please see aerial map and parcel map in Supplements for details.
Last Agent to Sell the Property
Burton Commercial, Inc. License #01014173 Listed on: 07/19/2014
Last Buyer's Agent
Adrian Revel
Revel Realty Group License #01725184
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,832
Year Built
- Built in 1972
Lot Details
- 9,199 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 4 Car Garage
Home Design
- 3,200 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 2962
- Assessor Parcel Number 447173031
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $86
- Gardener Expense $200
- Insurance Expense $1,374
- Professional Management Expense $1,995
- Trash Expense $929
- Water Sewer Expense $2,424
- New Taxes Expense $3,304
- Gross Income $2,500
- Net Operating Income $18,188
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 8, 2021
Sold by
Revel Adrian B and Revel Amanda P
Bought by
Revel Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Outstanding Balance
$281,894
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$393,455
Purchase Details
Closed on
Nov 5, 2021
Sold by
Ponte Paul and Ponte Caroline
Bought by
Revel Adrian B and Revel Amanda P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Outstanding Balance
$281,894
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$393,455
Purchase Details
Closed on
Apr 14, 2014
Sold by
Harness Kirby L and Lewallen Cynthia T
Bought by
Ponte Paul and Ponte Caroline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,250
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 6, 2003
Sold by
Harness Kirby L and Lewallen Cynthia T
Bought by
Harness Kirby L and Lewallen Cynthia T
Purchase Details
Closed on
Jul 2, 2003
Sold by
Dunmoyer Tonnie R
Bought by
Harness Kirby L and Lewallen Cynthia T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.18%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 1998
Sold by
Curt Dunmoyer C and Dunmoyer Tonnie R
Bought by
Dunmoyer C Curt and Dunmoyer Tonnie R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Revel Investments Llc | -- | Stewart Title Of Ca Inc | |
| Revel Adrian B | $485,000 | Stewart Title Of Ca Inc | |
| Ponte Paul | $267,000 | Pacific Coast Title Company | |
| Harness Kirby L | -- | -- | |
| Harness Kirby L | $280,000 | Chicago Title Co | |
| Dunmoyer C Curt | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Revel Adrian B | $307,000 | |
| Previous Owner | Ponte Paul | $200,250 | |
| Previous Owner | Harness Kirby L | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2014 08/22/14 | Sold | $267,000 | -4.6% | $83 / Sq Ft |
| 07/23/2014 07/23/14 | Pending | -- | -- | -- |
| 03/31/2014 03/31/14 | For Sale | $280,000 | -- | $88 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,832 | $514,685 | $196,323 | $318,362 |
| 2023 | $5,832 | $494,700 | $188,700 | $306,000 |
| 2022 | $5,648 | $485,000 | $185,000 | $300,000 |
| 2021 | $3,514 | $296,452 | $55,513 | $240,939 |
| 2020 | $3,484 | $293,413 | $54,944 | $238,469 |
| 2019 | $3,409 | $287,661 | $53,867 | $233,794 |
| 2018 | $3,306 | $282,021 | $52,812 | $229,209 |
| 2017 | $3,268 | $276,492 | $51,777 | $224,715 |
| 2016 | $3,244 | $271,071 | $50,762 | $220,309 |
| 2015 | $3,235 | $267,000 | $50,000 | $217,000 |
| 2014 | $3,800 | $324,742 | $57,987 | $266,755 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Burton
-
A
Buyer's Agent in 2014
Adrian Revel
Revel Realty Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW14065243
APN: 447-173-031
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