$1,125,000
SOLD FEB 12, 2016
8 Beds
5 Baths
3,850 Sq Ft
8,250 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

6% Below List Price

91 Days on Market

Highlights

  • Wood Flooring
  • STEM Academy at Bernstein High Rated A-
  • Central Heating and Cooling System

About This Home

As of February 2016

Great upgraded Income Property, Located in a highly desirable rental area. Custom made kitchen cabinets with granite counters, central air conditioning and wood floors
There is a laundry room for the two units in the back, it has separate gas and electric meters for each property.
Main house will be delivered vacant, this is a rent control area good opportunity to stay up with the market rent.
Property has 20+ fruit trees, mango, avocado, peach, lemon, orange, apple etc.

Last Agent to Sell the Property

Rosalba Romero

HomeSmart Realty Group License #01140187 Listed on: 09/24/2015

HomeSmart Realty Group

Last Buyer's Agent

Rosalba Romero

HomeSmart Realty Group License #01140187 Listed on: 09/24/2015

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,150

Year Built

  • Built in 1919

Lot Details

  • 8,250 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Parking Spaces

Home Design

  • 3,850 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2577
  • Assessor Parcel Number 5540027007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $884
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,080
  • Gross Income $3,400
  • Net Operating Income $37,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,150

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 5540027007
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Price Per Square Foot: 292.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 8250.00
  • Price Per Lot Square Foot: 136.36
  • Lot Size Acres: 0.1890

Multi Family

  • Average1 Bed Area: 608
  • Average2 Bed Area: 923
  • Average3 Bed Area: 2319
  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 884.00
  • Lot Size Area: 8250.0000 Square Feet
  • Net Operating Income: 37516.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3284.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 9080.00
  • Tax Lot: 6
  • Tax Tract Number: 2577

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2015
Closed on
Jan 29, 2016
Sold by
Nestor Reina Gloria
Bought by
Phillips Neil A and Phillips Norma G
Seller's Agent
Rosalba Romero
HomeSmart Realty Group
Buyer's Agent
Rosalba Romero
HomeSmart Realty Group
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.62%

Purchase Details

Closed on
Aug 17, 2011
Sold by
Nestor Misael
Bought by
Nestor Reina Gloria

Purchase Details

Closed on
May 17, 2006
Sold by
Arutyunyan Nina and Muradyan Gevork
Bought by
Nestor Misael and Nestor Reina Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.52%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 3, 2006
Sold by
Arutyunyan Nina
Bought by
Arutyunyan Nina and Muradyan Gevork

Purchase Details

Closed on
Jun 25, 2003
Sold by
Tchakmakjian Sylvia and The Alkaz & Takouhi Kazazian F
Bought by
Arutyunyan Nina

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
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2003
Sold by
Tchakmakjian Silvia and Tchakmakjian Aikaz
Bought by
Tchakmakjian Sylvia and Kazazian Trust

Purchase Details

Closed on
Aug 4, 2000
Sold by
Kazazian Aikaz O and Kazazian Takouhi T
Bought by
Kazazian Aikaz O and Kazazian Takouhi T
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 Type Sale Price Title Company
Grant Deed $1,125,000 Provident Title
Interfamily Deed Transfer -- None Available
Grant Deed $940,000 Chicago Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $400,000 Landsafe Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Unknown
Previous Owner $94,000 Credit Line Revolving
Previous Owner $611,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Previous Owner $446,250 Unknown
Previous Owner $320,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Closed $60,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $1,299,000 -7.1% $337 / Sq Ft
06/18/2025 06/18/25 Price Changed $1,399,000 -6.7% $363 / Sq Ft
05/29/2025 05/29/25 For Sale $1,499,000 +33.2% $389 / Sq Ft
02/12/2016 02/12/16 Sold $1,125,000 -6.3% $292 / Sq Ft
12/24/2015 12/24/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $1,200,000 -- $312 / 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 $16,150 $1,331,766 $932,238 $399,528
2024 $16,150 $1,305,654 $913,959 $391,695
2023 $15,840 $1,280,054 $896,039 $384,015
2022 $15,107 $1,254,956 $878,470 $376,486
2021 $14,910 $1,230,350 $861,246 $369,104
2020 $15,058 $1,217,735 $852,415 $365,320
2019 $14,465 $1,193,858 $835,701 $358,157
2018 $14,304 $1,170,450 $819,315 $351,135
2016 $11,864 $975,000 $725,800 $249,200
2015 $11,866 $975,000 $725,800 $249,200
2014 $12,148 $975,000 $725,800 $249,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15211263

California Regional Multiple Listing Service (CRMLS)

APN: 5540-027-007