$405,000
SOLD AUG 9, 2016
2 Beds
2 Baths
1,128 Sq Ft
6,005 Sq Ft Lot

Recently Sold

$359 Per Sq Ft

3% Above List Price

82 Days on Market

About This Home

As of August 2016

Stop PAYING rent. Own, collect rent and build equity. ***
Lovely block with well-maintained homes- see the virtual tour. Great Investment Duplex. Each unit has a 1 bedroom, 1 bathroom, & a large private yard. 4 Car garage + additional parking (3 spaces in front of garages, and 2 more cars can fit in the side yard (using the east gate)
Potential for upside in rents. Big yard -possible sq. footage addition (2nd bedrooms) candidate. Tenants are on M2M rent. New owner has all the options. DO NOT disturb tenants. 5.8% cap on market pro-forma rents.

Last Agent to Sell the Property

Vlad Rodov

West Shores Realty, Inc. License #01717119 Listed on: 05/14/2016

West Shores Realty, Inc.

Last Buyer's Agent

Edith Villa

Century 21 Realty Masters License #01303864

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 1947

Lot Details

  • 6,005 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 4 Car Garage

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 14696
  • Assessor Parcel Number 7101036009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $25
  • Insurance Expense $400
  • Water Sewer Expense $600
  • New Taxes Expense $4,800
  • Gross Income $2,000
  • Net Operating Income $18,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,164

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.80
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Gardener Expense: 25.00
  • Parcel Number: 7101036009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 359.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6005.00
  • Price Per Lot Square Foot: 67.44

Multi Family

  • Gross Income: 2000.00
  • Gross Multiplier: 13.72
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 400.00
  • Net Operating Income: 18175.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5800.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4800.00
  • Tax Lot: 22
  • Tax Tract Number: 14696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2016
Closed on
Jun 23, 2016
Sold by
Barrett Tyler
Bought by
Rosales Edgar and Rosales Jorge J
Seller's Agent
Vlad Rodov
West Shores Realty, Inc.
Buyer's Agent
Edith Villa
Century 21 Realty Masters
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Current Estimated Value
$716,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,520
Avg. Annual Appreciation
6.58%
Original Mortgage
$329,670
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 14, 2014
Closed on
Apr 22, 2014
Sold by
Cyriacke Ruth E
Bought by
Barrett Tyler and Rivera Rodney Paul
Seller's Agent
Maria Marshall
The Westwood Real Estate Group
Buyer's Agent
Rebekah Benavidez
Keller Williams Coastal Prop.
List Price
$289,000
Sold Price
$305,000
Premium/Discount to List
$16,000
5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.03%
Original Mortgage
$244,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2011
Sold by
Cyriacks Ruth E and The Donald A & Ruth E Cyriacks
Bought by
Cyriacks Ruth E and The Donald A & Ruth E Cyriacks Revocable
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $405,000 Chicago Title Company
Grant Deed $305,000 Ortc
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $315,000 New Conventional
Open $500,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $329,670 Purchase Money Mortgage
Previous Owner $244,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2016 08/09/16 Sold $405,000 +2.5% $359 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $395,000 +29.5% $350 / Sq Ft
06/13/2014 06/13/14 Sold $305,000 +5.5% $270 / Sq Ft
04/18/2014 04/18/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $289,000 -- $256 / 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 $6,164 $460,815 $233,252 $227,563
2023 $6,066 $451,780 $228,679 $223,101
2022 $5,705 $442,923 $224,196 $218,727
2021 $5,597 $434,239 $219,800 $214,439
2019 $5,517 $421,362 $213,282 $208,080
2018 $5,307 $413,100 $209,100 $204,000
2016 $3,945 $315,836 $186,395 $129,441
2015 $3,787 $311,093 $183,596 $127,497
2014 $725 $37,553 $17,177 $20,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16066444

California Regional Multiple Listing Service (CRMLS)

APN: 7101-036-009