NOT LISTED FOR SALE

Estimated Value: $1,312,000 - $1,410,000

8 Beds
4 Baths
3,276 Sq Ft
$415/Sq Ft Est. Value

Last Sold June 05, 2012

Last sale price $495,000 $151 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $7,767/month

About This Home

As of June 2012

Approved shortsale, back on market as of 3/6/12. Buyer did not perform. Excellent condition built in 1991, 2 story building near the downtown area. Well maintained with updates, newer carpets, flooring, and paint. Actual income of $52,800. Separate gas and electric meters.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 03/15/2012

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 03/15/2012

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 6,142

Home Design

  • 3,276 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Uncovered Parking

Additional Features

  • Laundry Room
  • 6,142 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 5761
  • Assessor Parcel Number 7274006030

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $960
  • Trash Expense $840
  • Water Sewer Expense $840
  • New Taxes Expense $6,187
  • Gross Income $4,300
  • Net Operating Income $37,152

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • CapRate: 7.51
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 840.00
  • Property Type: Residential Income
  • Parcel Number: 7274006030
  • Year Built: 1991
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 151.10

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 840.00

Lot Info

  • Lot Size Sq Ft: 6142.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 4300.00
  • Gross Multiplier: 9.59
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 960.00
  • Lot Size Area: 6142.0000 Square Feet
  • Net Operating Income: 37152.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12900.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6187.00
  • Tax Lot: 13
  • Tax Tract Number: 5761

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
Apr 9, 2012
Sold by
Porobic Ankica
Bought by
Sreng Andy S and Ly Hun
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Sold Price
$495,000
Current Estimated Value
$1,360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,000
Avg. Annual Appreciation
7.69%
Original Mortgage
$371,250
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2004
Sold by
Dang Hoa Phuc and Pham Kathy Kim
Bought by
Porobic Ankica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2004
Sold by
Lakathy
Bought by
Dang Hoa Phuc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2002
Sold by
Chan Joseph C and Tsang Mureen K
Bought by
Lakathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sreng Andy S $495,000 Lawyers Title Company
Porobic Ankica $690,000 Fidelity National Title Co
Dang Hoa Phuc $630,000 Fidelity National Title Co
Lakathy $385,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sreng Andy S $371,250
Previous Owner Porobic Ankica $483,000
Previous Owner Dang Hoa Phuc $471,000
Previous Owner Lakathy $292,500
Closed Porobic Ankica $138,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2012 06/05/12 Sold $495,000 -- $151 / Sq Ft
03/15/2012 03/15/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,463 $621,736 $439,613 $182,123
2024 $8,463 $609,546 $430,994 $178,552
2023 $8,317 $597,595 $422,544 $175,051
2022 $7,823 $585,878 $414,259 $171,619
2021 $7,651 $574,391 $406,137 $168,254
2020 $7,631 $568,502 $401,973 $166,529
2019 $7,543 $557,356 $394,092 $163,264
2018 $7,271 $546,428 $386,365 $160,063
2016 $6,684 $525,212 $371,363 $153,849
2015 $6,424 $517,324 $365,785 $151,539
2014 $6,395 $507,191 $358,620 $148,571
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F11164549

California Regional Multiple Listing Service (CRMLS)

APN: 7274-006-030