NOT LISTED FOR SALE

Estimated Value: $1,475,000 - $2,007,000

4 Beds
4 Baths
4,444 Sq Ft
$376/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $1,455,000 $327 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,167/month

10 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • Front Yard

About This Home

As of March 2021

Awesome Spanish motif!! This large 4,444 square foot 4 unit building is located on a large 6,699 square foot lot! Each unit has an oversized formal dining room, huge living room, retro kitchen, 1 bedroom, 1 retro bathroom, laundry room! 2 units have balconies! 4 garage parking spaces and 2 carport parking spaces! Owner will carry with 20% to 25% down payment at 4% to 5% interest for 5 to 7 years! Submit!!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 02/01/2021

Last Buyer's Agent

Naira Ambar

Real Brokerage Technologies License #01986768

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,699 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 2 Carport Spaces

Home Design

  • 4,444 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 4289
  • Assessor Parcel Number 5674014014

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,000
  • New Taxes Expense $15,944
  • Operating Expense $18,944
  • Gross Income $50,652
  • Net Operating Income $31,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.49
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5674014014
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 327.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 6699.00
  • Lot Size Acres: 0.1538

Multi Family

  • Gross Income: 50652.00
  • Gross Multiplier: 25.18
  • Gross Scheduled Income: 50652.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6699.0000 Square Feet
  • Net Operating Income: 31708.00
  • 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: 18944.00
  • Rent Control: Yes
  • Total Expenses: 18944.00

Tax Info

  • New Taxes Expense: 15944.00
  • Tax Census Tract: 3021.03
  • Tax Lot: 13
  • Tax Tract Number: 4289

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2022
Sold by
James A And Sarah H Nassiri Family Trust
Bought by
1137 Orange Grove Llc
Current Estimated Value
$1,671,093

Purchase Details

Listed on
Feb 1, 2021
Closed on
Feb 16, 2021
Sold by
Hedley Mary J and The Mary J Hedley Living Trust
Bought by
Nassiri James A and Nassiri Sarah H
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Naira Ambar
Real Brokerage Technologies
List Price
$1,275,572
Sold Price
$1,455,000
Premium/Discount to List
$179,428
14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$1,100,000
Interest Rate
2.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 5, 2002
Sold by
Hedley Mary J and Mary J Hedley Trust
Bought by
Hedley Mary J and Mary J Hedley Living Trust

Purchase Details

Closed on
Oct 5, 1993
Sold by
Hedley Mary J
Bought by
Hedley Mary J and The Mary J Hedley Trust
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
1137 Orange Grove Llc -- Loeb & Loeb Llp
Nassiri James A $1,455,000 Fidelity National Title Co
Hedley Mary J -- --
Hedley Mary J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nassiri James A $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2021 03/09/21 Sold $1,455,000 +14.1% $327 / Sq Ft
02/12/2021 02/12/21 For Sale $1,275,572 -12.3% $287 / Sq Ft
02/11/2021 02/11/21 Off Market $1,455,000 -- --
02/01/2021 02/01/21 For Sale $1,275,572 -- $287 / 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 $17,142 $1,560,600 $1,066,410 $494,190
2024 $17,142 $1,530,000 $1,045,500 $484,500
2023 $16,904 $1,513,782 $1,040,400 $473,382
2022 $16,612 $1,484,100 $1,020,000 $464,100
2021 $3,723 $297,428 $140,097 $157,331
2020 $3,671 $294,379 $138,661 $155,718
2019 $3,591 $288,608 $135,943 $152,665
2018 $3,429 $282,950 $133,278 $149,672
2016 $3,226 $271,964 $128,103 $143,861
2015 $3,165 $267,880 $126,179 $141,701
2014 $3,165 $262,634 $123,708 $138,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21019099

California Regional Multiple Listing Service (CRMLS)

APN: 5674-014-014