NOT LISTED FOR SALE

Estimated Value: $1,226,000 - $1,481,588

5 Beds
4 Baths
3,184 Sq Ft
$419/Sq Ft Est. Value

Sale Details

Date Sold: February 1, 2012

Last sale price $549,000 $172 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $8,154 / mo

19 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Balcony
  • Lawn
  • Beamed Ceilings
  • 6 Car Direct Access Garage

About This Home

As of February 2012

Great investment! ***** POSITIVE CASH FLOW**** 7.2% CAP RATE. 8.9 Gross Rent Multiplier.

Excellent two story contemporary style building. Consists of one 3 bedroom 2.5 bath and two 2 bedroom/2bath. Two bedrooms have additional LOFT + rooftop deck! Each unit is townhouse style with private two car garage and washer/dryer hookups. All units feature high vaulted ceilings, are airy and bright with lots of windows, patios, balconies and the two bedroom units have rooftop terraces. The front unit is perfect for an owner and in a separate building from the other two units. Dining Room in Owner's unit was converted to additional bedroom to make 4 bedrooms. Can easily be converted back. Two back units were upgraded in 2010. Copper plumbing per seller. Separate water heaters and electric meters. Three bedroom unit will be delivered vacant at close of escrow. Conveniently located near 405 and 105 freeways. Rents are $1,595 for three bedroom and $1,245 for each of the two bedrooms. Good tenants. Price is firm. Subject to inspection. All information deemed accurate but not guaranteed. Buyer to verify all information.

Last Agent to Sell the Property

Clara Duran Reed

The Duran Reed Firm, Inc. License #01396050 Listed on: 11/26/2011

Last Buyer's Agent

Larry Jamison

Jamison Management Company License #00580842

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 4,994 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • Property fronts an alley
  • No Common Walls
  • West Facing Home
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Turnkey
  • Stucco

Interior Spaces

  • 3,184 Sq Ft Home
  • Beamed Ceilings
  • Skylights
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 74
  • Tax Tract Number 7963
  • Assessor Parcel Number 4044006010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Trash Expense $200
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,862
  • Gross Income $4,085
  • Net Operating Income $39,738

Property Details

Home Type

Multi-Family

Year Built

Built in 1988 | Remodeled

Lot Details

4,994 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 7.20
  • Inclusions: Range and Fridge in 3bedroom unit.
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 4044006010
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Beamed Ceilings, Balcony
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: Three Or More
  • Price Per Square Foot: 172.42
  • Room Type: All Bedrooms Up
  • Window Features: Skylight(s)

Exterior Features

  • Direction Faces: West
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage Door Opener
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Front Yard, Level, Lawn, Paved
  • Lot Size: 40 x 125
  • Lot Size Sq Ft: 4994.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 800
  • Average3 Bed Area: 1584
  • Electric Expense: 360.00
  • Gross Income: 4085.00
  • Gross Multiplier: 11.21
  • Gross Scheduled Income: 48960.00
  • Gross Spendable Income: 39738.00
  • Lot Size Area: 4994.0000 Square Feet
  • Net Operating Income: 39738.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Drapes: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 9222.00
  • Rent Control: No
  • Total Actual Rent: 4085.00

Tax Info

  • New Taxes Expense: 6862.00
  • Tax Lot: 74
  • Tax Tract Number: 7963
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2011
Closed on
Dec 22, 2011
Sold by
Emanuelson Richard and Emanuelson Bolivia
Bought by
Seller's Agent
Clara Duran Reed
The Duran Reed Firm, Inc.
Buyer's Agent
Larry Jamison
Jamison Management Company
List Price
$549,000
Sold Price
$549,000
Current Estimated Value
$1,340,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,830
Avg. Annual Appreciation
6.29%
Original Mortgage
$411,750
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2007
Sold by
Emanuelson Richard and Emanuelson Bolivia
Bought by
Emanuelson Richard and Emanuelson Bolivia

Purchase Details

Closed on
Jun 3, 2002
Sold by
Southwest One Associates Lp
Bought by
Emanuelson Richard and Emanuelson Bolivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,100
Interest Rate
7.75%

Purchase Details

Closed on
Dec 5, 1996
Sold by
Smalec Phil and Mccool Ann
Bought by
Southwest One Associates Lp
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$549,000 Orange Coast Title
Emanuelson Richard -- None Available
Emanuelson Richard $369,500 Gateway Title Company
Southwest One Associates Lp -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $580,000
Closed Fortson Ricardo $411,750
Previous Owner Emanuelson Richard $410,000
Previous Owner Emanuelson Richard $354,000
Previous Owner Emanuelson Richard $332,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/01/2012 02/01/12 Sold $549,000 0.0% $172 / Sq Ft
12/15/2011 12/15/11 Pending -- -- --
11/26/2011 11/26/11 For Sale $549,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,505 $703,350 $254,945 $448,405
2025 $9,505 $689,560 $249,947 $439,613
2024 $9,071 $676,041 $245,047 $430,994
2023 $8,748 $662,787 $240,243 $422,544
2022 $8,869 $649,792 $235,533 $414,259
2021 $8,744 $637,052 $230,915 $406,137
2019 $8,444 $618,159 $224,067 $394,092
2018 $8,081 $606,039 $219,674 $386,365
2016 $7,668 $582,508 $211,145 $371,363
2015 $7,497 $573,759 $207,974 $365,785
2014 $7,467 $562,521 $203,901 $358,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11153254

California Regional Multiple Listing Service (CRMLS)

APN: 4044-006-010

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