NOT LISTED FOR SALE

Estimated Value: $929,000 - $1,127,000

8 Beds
4 Baths
3,294 Sq Ft
$311/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $960,000 $291 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,646/month

83 Days on Market

About This Home

As of March 2022

Fabulous investment opportunity. Look at the rents, good income! 2 Buildings, 4 units on a large lot. Long time tenants. Good rental property for an investor. Units are in okay condition, but they could some fixing and upgrading. The entire property has areas of deferred maintenance. Property sold in as-is condition. No showings. Drive by only...PLEASE do not disturb the tenants. Please make offers subject to inspecion.

Last Agent to Sell the Property

Phillip Martinez

Coldwell Banker Realty License #1041677 Listed on: 10/19/2021

Coldwell Banker Realty

Last Buyer's Agent

Michael Geluz

Legacy Realty & Investments License #01469084

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,237

Year Built

  • Built in 1961

Lot Details

  • 9,210 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,294 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Rain Gutters
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 6060017014
  • $1,999 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $3,600
  • Gross Income $78,720
  • Net Operating Income $78,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,237

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 562-547-5665
  • Price Per Unit: 235000
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6060017014
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 291.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Other, Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 9210.00
  • Lot Size Acres: 0.2114

Multi Family

  • Gross Income: 78720.00
  • Gross Scheduled Income: 78720.00
  • Lot Size Area: 9210.0000 Square Feet
  • Net Operating Income: 78320.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 6002.02
  • Tax Lot: 80
  • Tax Tract Number: SUNNYS
  • TaxOtherAnnualAssessmentAmount: 1999.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Ho Suy Ly Mey
Bought by
Suy Ly Mey Ho
Current Estimated Value
$1,024,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$467,201
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$601,466

Purchase Details

Closed on
Feb 20, 2020
Sold by
Opong Jones Charles
Bought by
Ho Suy Ly Mey and Choub Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2010
Sold by
Sarpong Kwesi
Bought by
Opong Jones Charles

Purchase Details

Closed on
Jan 9, 2006
Sold by
Carey Lester and Carey Marietta
Bought by
Sarpong Kwesi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
7.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2005
Sold by
Kindred William Henry
Bought by
Carey Lester and Carey Marietta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Suy Ly Mey Ho -- First American Title Company
Ho Suy Ly Mey $910,000 Wfg National Title
Opong Jones Charles -- None Available
Sarpong Kwesi $610,000 Gateway Title Company
Carey Lester $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suy Ly Mey Ho $520,000
Previous Owner Ho Suy Ly Mey $510,000
Previous Owner Sarpong Kwesi $457,500
Previous Owner Carey Lester $315,000
Previous Owner Kindred William Henry $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $960,000 +2.1% $291 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
10/19/2021 10/19/21 For Sale $940,000 +3.3% $285 / Sq Ft
04/28/2020 04/28/20 Sold $910,000 0.0% $276 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
11/14/2019 11/14/19 Price Changed $910,000 -4.7% $276 / Sq Ft
09/24/2019 09/24/19 Price Changed $955,000 -2.1% $290 / Sq Ft
08/15/2019 08/15/19 Price Changed $975,000 -1.5% $296 / Sq Ft
08/03/2019 08/03/19 Price Changed $990,000 -20.8% $301 / Sq Ft
07/24/2019 07/24/19 For Sale $1,250,000 -- $379 / 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 $14,237 $1,018,759 $711,009 $307,750
2024 $14,237 $998,784 $697,068 $301,716
2023 $13,667 $979,200 $683,400 $295,800
2022 $12,800 $937,814 $669,868 $267,946
2021 $12,674 $919,427 $656,734 $262,693
2020 $6,713 $398,295 $316,296 $81,999
2019 $6,502 $390,487 $310,095 $80,392
2018 $6,307 $382,831 $304,015 $78,816
2016 $6,001 $367,966 $292,210 $75,756
2015 $5,918 $362,440 $287,821 $74,619
2014 $5,933 $355,341 $282,183 $73,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21231735

California Regional Multiple Listing Service (CRMLS)

APN: 6060-017-014