NOT LISTED FOR SALE

Estimated Value: $750,000 - $874,000

5 Beds
3 Baths
1,984 Sq Ft
$411/Sq Ft Est. Value

Last Sold February 21, 2017

Last sale price $460,000 $232 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,950/month

154 Days on Market

About This Home

As of February 2017

Big Lot and 2 separate houses. One is a 3 bedroom 1 bath with a 2 car garage the other is a 2 bedroom 1 bath. At this price its only $225,000 per house. Great for investors or to live in. Property is occupied and has a property manager. Property is the County and is not under rent control.

Last Agent to Sell the Property

Keith Brabec

Century 21 Union Realty License #01206669 Listed on: 09/13/2016

Century 21 Union Realty

Last Buyer's Agent

HARRY TESTA

NEW LEGACY REALTORS License #00759831

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,494

Year Built

  • Built in 1943

Lot Details

  • 9,206 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,984 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 6060017012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,500
  • Operating Expense $8,700
  • Gross Income $30,600
  • Net Operating Income $20,502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,494

Year Built

Built in 1943

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.75
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6060017012
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 231.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9206.00

Multi Family

  • Gross Income: 30600.00
  • Gross Multiplier: 14.67
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 20502.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10098.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 2550.00
  • Total Expenses: 8700.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Census Tract: 6002.02
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2016
Sold by
Castro Hortencia Nunez
Bought by
Garcia Sergio
Total Days on Market
154
Current Estimated Value
$815,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2016
Sold by
Monterey Bay Resources Inc Inc
Bought by
Garcia Garcia Sergio Sergio and Garcia Meza Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 19, 2009
Sold by
Cal Investments Inc
Bought by
Monterey Bay Resources Inc and 1143-1145 W 106Th Street Trust

Purchase Details

Closed on
Mar 4, 2008
Sold by
Jones Sarah
Bought by
Cal Investments Inc

Purchase Details

Closed on
Jul 24, 2006
Sold by
Jones Sarah
Bought by
Jones Sarah and Jones Hazel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000
Interest Rate
6.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2006
Sold by
Jones Sarah and Jones Hazel
Bought by
Jones Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,000
Interest Rate
6.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2003
Sold by
Jones Willie P and Jones Hazel J
Bought by
Jones Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.15%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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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
Garcia Sergio -- None Available
Meza Juan Garcia -- None Available
Garcia Garcia Sergio Sergio $460,000 Priority Title
Monterey Bay Resources Inc -- None Available
Cal Investments Inc $78,744 First American Title
Jones Sarah -- Chicago Title Co
Jones Sarah -- First American Title Co
Jones Sarah -- American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Garcia Sergio $0
Previous Owner Garcia Garcia Sergio Sergio $320,000
Previous Owner Ca Investments Inc $76,894
Previous Owner Jones Sarah $37,000
Previous Owner Jones Sarah $1,000
Previous Owner Jones Sarah $347,000
Previous Owner Jones Sara $292,500
Previous Owner Jones Sarah $208,500
Previous Owner Jones Sarah $146,000
Previous Owner Jones Sarah $0
Previous Owner Jones Sarah $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2017 02/21/17 Sold $460,000 -2.1% $232 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
02/08/2017 02/08/17 Price Changed $469,900 +2.2% $237 / Sq Ft
10/20/2016 10/20/16 Price Changed $459,900 +2.2% $232 / Sq Ft
09/13/2016 09/13/16 For Sale $449,900 -- $227 / 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
2024 $7,494 $523,396 $409,615 $113,781
2023 $7,204 $513,134 $401,584 $111,550
2022 $6,883 $503,073 $393,710 $109,363
2021 $6,808 $493,210 $385,991 $107,219
2020 $6,858 $488,154 $382,034 $106,120
2019 $6,607 $478,584 $374,544 $104,040
2018 $6,487 $469,200 $367,200 $102,000
2017 $4,886 $333,659 $266,929 $66,730
2016 $4,767 $327,118 $261,696 $65,422
2015 $4,698 $322,206 $257,766 $64,440
2014 $4,706 $315,895 $252,717 $63,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16700307

California Regional Multiple Listing Service (CRMLS)

APN: 6060-017-012