NOT LISTED FOR SALE

Estimated Value: $1,143,000 - $1,463,000

4 Beds
3 Baths
3,000 Sq Ft
$425/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $755,000 $252 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,050/month

5 Days on Market

Highlights

  • 13,249 Sq Ft lot
  • Craftsman Architecture
  • Laundry Room
  • Artesia High School Rated A-
  • Lawn
  • Floor Furnace

About This Home

As of November 2017

Three separate homes on a large double lot, 13,249 sq.ft. One home is 2Br/1Ba approx. 1250 sq.ft., laundry room, 2 car detached garage. Second home is 1Br/1Ba with living room and family room, approx. 1050 sq.ft., 2 car detached garage. Third home is a small 1Br/1Ba approx. 700 sq.ft. Includes 2 off street parking spots. Large yard

Last Agent to Sell the Property

Rick Brown

MB Realty License #01186895 Listed on: 02/26/2017

Last Buyer's Agent

Rick Brown

MB Realty License #01186895 Listed on: 02/26/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,208

Year Built

  • Built in 1937

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Level Lot
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,000 Sq Ft Home
  • Triplex
  • Craftsman Architecture
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Floor Furnace
  • Wall Furnace
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 10263
  • Assessor Parcel Number 7058018003

Community Details

Overview

  • 5 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,250
  • Insurance Expense $1,250
  • Trash Expense $370
  • New Taxes Expense $10,000
  • Operating Expense $12,870
  • Gross Income $60,000
  • Net Operating Income $47,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,208

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LKR1*
  • Architectural Style: Craftsman
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1250.00
  • Parcel Number: 7058018003
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 251.67

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 370.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13249.00

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1250.00
  • Net Operating Income: 47130.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 12870.00
  • Rent Control: No
  • Total Expenses: 12870.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 5551.02
  • Tax Lot: 4
  • Tax Tract Number: 10263

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2017
Sold by
Pophoff Janie S and Estate Of Marvin E Mclain
Bought by
Chen Stewart and Lee Laurie Ruo
Current Estimated Value
$1,275,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,250
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Chen Stewart $755,000 Ticor Title Natl Commercial
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Stewart $805,000
Closed Chen Stewart $554,700
Previous Owner Chen Stewart $566,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2017 11/14/17 Sold $755,000 +4.1% $252 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
02/26/2017 02/26/17 For Sale $725,000 -- $242 / 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 $13,208 $974,851 $517,711 $457,140
2024 $13,208 $955,737 $507,560 $448,177
2023 $12,790 $936,998 $497,608 $439,390
2022 $11,105 $809,511 $487,851 $321,660
2021 $10,591 $793,639 $478,286 $315,353
2020 $10,199 $785,502 $473,382 $312,120
2019 $9,799 $770,100 $464,100 $306,000
2018 $9,368 $755,000 $455,000 $300,000
2017 $1,985 $102,616 $39,052 $63,564
2016 $1,914 $100,605 $38,287 $62,318
2015 $1,818 $99,094 $37,712 $61,382
2014 $1,815 $97,154 $36,974 $60,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17041008

California Regional Multiple Listing Service (CRMLS)

APN: 7058-018-003