NOT LISTED FOR SALE

Estimated Value: $978,000 - $1,338,000

3 Beds
2 Baths
1,660 Sq Ft
$705/Sq Ft Est. Value

Last Sold April 12, 2013

Last sale price $430,000 $259 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $7,051/month

162 Days on Market

Highlights

  • Bungalow
  • Wood Siding
  • No Heating
  • John Muir High School Rated A-

About This Home

As of April 2013

Great Income well maintained property! Has very large 9K plus sq/ft lot, 3 units currently renting under market value. High demand rental area, each unit is 1 bed 1 bath,tenants pay for all utilites with the exeption of water, each unit has individual meters, with plenty of parking and additional storage. Buy now while prices are low. Huge upside investment property!

Last Agent to Sell the Property

Gil Wenck

SolTerra Estates & Lending Inc License #01426422 Listed on: 10/08/2012

Last Buyer's Agent

Belle Tsai

Sotheby's International Realty License #01841341

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,345

Year Built

  • Built in 1927

Lot Details

  • 9,049 Sq Ft Lot
  • Property fronts an alley

Home Design

  • 1,660 Sq Ft Home
  • Bungalow
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Parking

  • 8 Parking Spaces
  • Community Parking Structure

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 1
  • Assessor Parcel Number 5726018014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $650
  • Maintenance Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $1
  • Gross Income $2,500
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,345

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.89
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 5726018014
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 259.04

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Brick, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Structure
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9049.00
  • Lot Size Acres: 0.2080

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2500.00
  • Gross Multiplier: 15.83
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 650.00
  • Lot Size Area: 9049.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 28000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2000.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Area: 7500
  • Tax Lot: 11
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2020
Sold by
Lu Belinda M L and Lu Belinda
Bought by
Lu Belinda M L and Belinda M L Lu Family Trust
Current Estimated Value
$1,181,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Outstanding Balance
$419,294
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$750,355

Purchase Details

Listed on
Oct 8, 2012
Closed on
Mar 26, 2013
Sold by
Baeza Jose De Jesus
Bought by
Lu Belinda
Seller's Agent
Gil Wenck
SolTerra Estates & Lending Inc
Buyer's Agent
Belle Tsai
Sotheby's International Realty
List Price
$505,000
Sold Price
$430,000
Premium/Discount to List
-$75,000
-14.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%

Purchase Details

Closed on
Mar 12, 2002
Sold by
Huteson Thomas R and Randolph T Revocable Trust
Bought by
Baeza Jose Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2000
Sold by
Huteson Thomas R
Bought by
Huteson Travis Randolph and Randolph T Revocable Trust Of
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 Buyer Sale Price Title Company
Lu Belinda M L -- None Available
Lu Belinda $430,000 Provident Title Company
Baeza Jose Dejesus $240,000 Commonwealth Land Title Co
Huteson Travis Randolph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Belinda $468,000
Previous Owner Baeza Jose Dejesus $255,000
Previous Owner Baeza Jose Dejesus $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2013 04/12/13 Sold $430,000 -14.9% $259 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
10/08/2012 10/08/12 For Sale $505,000 -- $304 / 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 $6,345 $529,502 $369,423 $160,079
2024 $6,345 $519,121 $362,180 $156,941
2023 $6,291 $508,943 $355,079 $153,864
2022 $6,081 $498,965 $348,117 $150,848
2021 $5,837 $489,183 $341,292 $147,891
2020 $5,616 $484,168 $337,793 $146,375
2019 $5,628 $474,675 $331,170 $143,505
2018 $5,607 $465,369 $324,677 $140,692
2016 $5,415 $447,300 $312,070 $135,230
2015 $5,355 $440,582 $307,383 $133,199
2014 $5,686 $431,952 $301,362 $130,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S714298

California Regional Multiple Listing Service (CRMLS)

APN: 5726-018-014