NOT LISTED FOR SALE

Estimated Value: $785,291 - $900,000

5 Beds
2 Baths
1,446 Sq Ft
$570/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $620,000 $429 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,149/month

8 Days on Market

Highlights

  • Private Yard
  • Wall Furnace
  • 1-Story Property
  • Paved or Partially Paved Lot

About This Home

As of July 2019

COMPLETELY REMODELED! 2 UNITS in HOT 90011 ZIP CODE!!! Excellent located 2 unit property with long driveway with has front and back entrances and 2 car garage. Beautiful completely remodeled front 3 bedrooms + 1 bathroom unit with new electrical and plumbing upgrades, new light LED fixtures, new stucco, new windows, new drywall throughout, new paint, new laminate flooring, new doors. Unit boasts new kitchen with new cabinetry and brushed bronze hardware & sink faucet as well as new quartz counter tops. Also, new bathroom with new vanity, new tub and toilet. Back 2 bedrooms + 1 bathroom unit was built in 2007 therefore NO RENT CONTROL!! Unit has been tastefully renovated. Remodeling also includes: new landscaping, new front and westside block fence walls (front fence has new iron work and gate). East side wood fence is also new. Property has 2 electrical and gas meters. Great property for owner occupied front and rent the back or for big family or savvy investor looking for great rental income. RUN! this one will go fast!!

Last Agent to Sell the Property

Jorge Rico

Rico and Rico Realty and Assoc License #01842469 Listed on: 05/30/2019

Last Buyer's Agent

Diana Cifuentes

Keller Williams South Bay License #02011257

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,294

Year Built

  • Built in 2007

Lot Details

  • 5,395 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,446 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 250
  • Tax Tract Number 2291
  • Assessor Parcel Number 5104024015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,475
  • Operating Expense $11,075
  • Gross Income $48,000
  • Net Operating Income $36,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,294

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Jorge
  • Other Phone Number: 8186605018
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5104024015
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 428.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Paved, Yard
  • Lot Size Sq Ft: 5395.00
  • Lot Size Acres: 0.1239

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5395.0000 Square Feet
  • Net Operating Income: 36925.00
  • 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: 11075.00
  • Rent Control: No
  • Total Expenses: 11075.00

Tax Info

  • New Taxes Expense: 7475.00
  • Tax Lot: 250
  • Tax Tract Number: 2291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2020
Sold by
Marroquin Mercedes Carranza
Bought by
Marroquin Mercedes Carranza and Marroquin Mercedes Carranza
Current Estimated Value
$818,314

Purchase Details

Listed on
May 30, 2019
Closed on
Jun 13, 2019
Sold by
Juarez Gerardo
Bought by
Marroquin Mercedes Carranza
Seller's Agent
Jorge Rico
Rico and Rico Realty and Assoc
Buyer's Agent
Diana Cifuentes
Keller Williams South Bay
List Price
$598,000
Sold Price
$620,000
Premium/Discount to List
$22,000
3.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 15, 2019
Sold by
Carbonell Guillermo and Delgado Yesenia
Bought by
Juarez Gerardo
Seller's Agent
Jorge Rico
Rico and Rico Realty and Assoc
Buyer's Agent
Jorge Rico
Rico and Rico Realty and Assoc
List Price
$459,900
Sold Price
$435,000
Premium/Discount to List
-$24,900
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
202.65%

Purchase Details

Closed on
Oct 23, 2011
Sold by
Rivera Eva
Bought by
Carbonell Guillermo

Purchase Details

Closed on
Aug 31, 2007
Sold by
Carbonell Guillermo
Bought by
Carbonell Guillermo and Rivera Eva

Purchase Details

Closed on
Feb 3, 2006
Sold by
Carbonell Guillermo and Rivera Eva
Bought by
Carbonell Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2003
Sold by
Carbonell Guillermo
Bought by
Carbonell Guillermo and Rivera Eva

Purchase Details

Closed on
Aug 26, 2003
Sold by
Rivera Eva and Olmedo David
Bought by
Carbonell Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2000
Sold by
Goward Joan V and White Adele W
Bought by
Rivera Eva and Carbonell Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,871
Interest Rate
8.79%

Purchase Details

Closed on
Aug 13, 1998
Sold by
Parrish Alvis W and Parrish Mary R
Bought by
Parrish Alvis W and Parrish Mary R
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 Buyer Sale Price Title Company
Marroquin Mercedes Carranza -- None Available
Marroquin Mercedes Carranza $620,000 Fidelity National Title
Juarez Gerardo $440,000 Fidelity National Title
Juarez Gerardo -- Fidelity National Title Co
Carbonell Guillermo -- None Available
Carbonell Guillermo -- None Available
Carbonell Guillermo -- Orange Coast Title
Carbonell Guillermo -- --
Carbonell Guillermo -- Orange Coast Title
Rivera Eva $229,000 Orange Coast Title
Parrish Alvis W -- --
Parrish Alvis W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carbonell Guillermo $280,000
Previous Owner Carbonell Guillermo $83,000
Previous Owner Rivera Eva $205,871
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $620,000 +3.7% $429 / Sq Ft
05/30/2019 05/30/19 For Sale $598,000 +37.5% $414 / Sq Ft
03/05/2019 03/05/19 Sold $435,000 -5.4% $301 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $459,900 -- $318 / 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 $8,294 $678,056 $437,456 $240,600
2024 $8,294 $664,762 $428,879 $235,883
2023 $8,136 $651,728 $420,470 $231,258
2022 $7,760 $638,950 $412,226 $226,724
2021 $7,664 $626,423 $404,144 $222,279
2020 $7,740 $620,000 $400,000 $220,000
2019 $3,364 $261,027 $112,705 $148,322
2018 $3,274 $255,910 $110,496 $145,414
2016 $3,119 $245,974 $106,206 $139,768
2015 $3,076 $242,280 $104,611 $137,669
2014 $3,098 $237,535 $102,562 $134,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19127279

California Regional Multiple Listing Service (CRMLS)

APN: 5104-024-015