$920,000
SOLD NOV 19, 2019
4 Beds
4 Baths
2,500 Sq Ft
5,901 Sq Ft Lot

Recently Sold

$368 Per Sq Ft

23% Below List Price

146 Days on Market

About This Home

As of November 2019

PRICE REDUCED!! PRICE REDUCED FOR FAST SALE!! ESTATE SALE, DRIVE BY ONLY, SUBJECT TO INSPECT INSIDE. DO NOT DISTURB TENANTS. BUYER TO VERIFY ALL INFORMATION INCLUDING ACTUAL RENT INCOME AND EXPENSES.

Last Agent to Sell the Property

ki han

Peninsula Realty, Inc. License #00756930 Listed on: 02/28/2019

Last Buyer's Agent

Kay Han

High Equity Real Estate Service, Inc. License #01479138

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,327

Year Built

  • Built in 1924

Lot Details

  • 5,901 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Home Design

  • 2,500 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 2132
  • Assessor Parcel Number 5080026004

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,000
  • Insurance Expense $3,000
  • Trash Expense $1,800
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,000
  • Operating Expense $25,000
  • Gross Income $24,000
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,327

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5080026004
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 368.00

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, No Landscaping
  • Lot Size Sq Ft: 5901.00
  • Lot Size Acres: 0.1355

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1000.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 2500.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5901.0000 Square Feet
  • Net Operating Income: 2000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 25000.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 2132.02
  • Tax Lot: 5
  • Tax Tract Number: 2132.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
Sep 25, 2019
Sold by
Park Yujin and Ishikawa Soon Ja
Bought by
Kim Sean Byungsam and Kim Emma Hee Yung
Seller's Agent
ki han
Peninsula Realty, Inc.
Buyer's Agent
Kay Han
High Equity Real Estate Service, Inc.
List Price
$1,200,000
Sold Price
$920,000
Premium/Discount to List
-$280,000
-23.33%
Current Estimated Value
$1,366,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,397
Avg. Annual Appreciation
6.74%
Original Mortgage
$50,000
Interest Rate
3.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 25, 2002
Sold by
Vargas Amabilia
Bought by
Ishikawa Soon Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.37%

Purchase Details

Closed on
May 14, 2002
Sold by
Vargas Maria Elia
Bought by
Vargas Amabilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.37%

Purchase Details

Closed on
Apr 9, 1995
Sold by
Vargas Ruben
Bought by
Vargas Amabilia and Vargas Maria Elia
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $920,000 Chicago Title Company
Grant Deed $285,000 Southland Title
Interfamily Deed Transfer -- Southland Title
Gift Deed -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 New Conventional
Closed $50,000 Unknown
Previous Owner $690,000 FHA
Previous Owner $207,000 New Conventional
Previous Owner $180,000 Credit Line Revolving
Previous Owner $150,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $230,000 Negative Amortization
Previous Owner $200,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $228,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $920,000 -7.1% $368 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
04/01/2019 04/01/19 Price Changed $990,000 -17.5% $396 / Sq Ft
02/28/2019 02/28/19 For Sale $1,200,000 -- $480 / 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 $12,327 $1,006,150 $765,550 $240,600
2024 $12,327 $986,423 $750,540 $235,883
2023 $12,096 $967,082 $735,824 $231,258
2022 $11,545 $948,121 $721,397 $226,724
2021 $11,396 $929,531 $707,252 $222,279
2020 $11,510 $920,000 $700,000 $220,000
2019 $4,859 $373,840 $194,746 $179,094
2018 $4,716 $366,511 $190,928 $175,583
2016 $4,492 $352,281 $183,515 $168,766
2015 $4,429 $346,990 $180,759 $166,231
2014 $4,464 $340,194 $177,219 $162,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19045608

California Regional Multiple Listing Service (CRMLS)

APN: 5080-026-004