NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,292,636

5 Beds
3 Baths
2,246 Sq Ft
$503/Sq Ft Est. Value

Last Sold March 07, 2017

Last sale price $650,000 $289 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,723/month

83 Days on Market

Highlights

  • 18,552 Sq Ft lot
  • Neighborhood Views
  • Laundry Room
  • California High School Rated A-
  • Living Room
  • 2 Car Garage

About This Home

As of March 2017

**Back On Market!** 2 houses on a very large lot. Front home is 3 bedrooms and 1.5 bathrooms and the back house is 2 bedrooms and 1 bathroom. Both houses have their own yard. The front house has its own driveway on the south side of the property that leads to a 2 car detached garage. The owner recently renovated the bathroom and kitchen in the back house. The property has potential to expand one or both of the units if desired.

Last Agent to Sell the Property

Michael Berdelis

24 Hour Real Estate License #01234589 Listed on: 11/07/2016

Last Buyer's Agent

Laura Juarez

Coldwell Banker Gene Armstrong License #01477818

Coldwell Banker Gene Armstrong

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,726

Year Built

  • Built in 1950

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Back Yard
  • Density is 2-5 Units/Acre
  • Land Lease

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Front Facing Garage

Home Design

  • Duplex

Interior Spaces

  • 2,246 Sq Ft Home
  • Living Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 9891
  • Assessor Parcel Number 8026017016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $1,600
  • Trash Expense $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $8,438
  • Operating Expense $13,878
  • Gross Income $43,200
  • Net Operating Income $29,322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,726

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.34
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LCA1*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8026017016
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 289.40
  • Room Type: Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Concrete, Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 2-5 Units/Acre, Back Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18552.00

Multi Family

  • Gross Income: 43200.00
  • Gross Multiplier: 15.62
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 29322.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 13878.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 13878.00

Tax Info

  • New Taxes Expense: 8438.00
  • Tax Census Tract: 5030.00
  • Tax Lot: 17
  • Tax Tract Number: 9891

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2016
Closed on
Jan 24, 2017
Sold by
Cerda Cesar
Bought by
Aleman Jose Luis
Seller's Agent
Michael Berdelis
24 Hour Real Estate
Buyer's Agent
Laura Juarez
Coldwell Banker Gene Armstrong
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%
Current Estimated Value
$1,129,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,659
Avg. Annual Appreciation
6.60%
Original Mortgage
$638,226
Outstanding Balance
$531,356
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$598,303

Purchase Details

Listed on
Sep 20, 2014
Closed on
Nov 4, 2014
Sold by
Hanson Terry L and Hanson Property Management Tru
Bought by
Cerda Cesar
Seller's Agent
Dan Peart
New Western Real Estate
Buyer's Agent
Margie Camacho
Century 21 Jervis & Associates
List Price
$599,999
Sold Price
$555,000
Premium/Discount to List
-$44,999
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$255,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 20, 2014
Closed on
Oct 29, 2014
Sold by
Hanson Terry L and Hanson Trust B
Bought by
Hanson Terry L and Hanson Property Management Tru
Seller's Agent
Dan Peart
New Western Real Estate
Buyer's Agent
Margie Camacho
Century 21 Jervis & Associates
List Price
$599,999
Sold Price
$555,000
Premium/Discount to List
-$44,999
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2013
Sold by
Hanson Terry L and Hanson Trust
Bought by
Hanson Terry L and Hanson Trust
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
Aleman Jose Luis $650,000 Old Republic Title Company
Cerda Cesar $555,000 First American Title
Hanson Terry L -- None Available
Hanson Terry L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aleman Jose Luis $638,226
Previous Owner Cerda Cesar $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2017 03/07/17 Sold $650,000 -3.7% $289 / Sq Ft
11/07/2016 11/07/16 For Sale $675,000 +21.6% $301 / Sq Ft
11/19/2014 11/19/14 Sold $555,000 -7.5% $247 / Sq Ft View Prior Sale
10/21/2014 10/21/14 Pending -- -- --
09/20/2014 09/20/14 For Sale $599,999 -- $267 / 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 $9,726 $754,374 $406,201 $348,173
2024 $9,726 $739,584 $398,237 $341,347
2023 $9,262 $725,083 $390,429 $334,654
2022 $9,219 $710,867 $382,774 $328,093
2021 $9,032 $696,929 $375,269 $321,660
2020 $8,938 $689,784 $371,422 $318,362
2019 $8,880 $676,260 $364,140 $312,120
2018 $8,443 $663,000 $357,000 $306,000
2016 $7,179 $563,463 $304,575 $258,888
2015 $7,001 $555,000 $300,000 $255,000
2014 $1,760 $94,850 $27,780 $67,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16742340

California Regional Multiple Listing Service (CRMLS)

APN: 8026-017-016