NOT LISTED FOR SALE

Estimated Value: $526,000 - $665,000

5 Beds
2 Baths
1,696 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $315,000 $186 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,606/month

22 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room

About This Home

As of July 2019

Investor's dream duplex. 1187 & 1195 W. Olive. From the stunning mountain views to the 'within walking distance' of Encanto Park, Mt. Vernon Elementary School and the Boys and Girls Club; this property has everything to attract tenants. Once inside they'll fall in love with the open floor plans. One 3 bedroom, 1 bath; the other 2 bedroom, 1 bath. Gated driveways for both units and fully fenced yards with low maintenance landscaping finish off the outside. Currently there are Long term stable tenant in both units. This duplex is in a neighborhood with very few vacancies makes this an ideal property for a first time investor or the seasoned investor.

Last Agent to Sell the Property

Vivian Tang

Real Brokerage Technologies License #02008172 Listed on: 05/28/2019

Real Brokerage Technologies

Last Buyer's Agent

Eddie Perez

The R.R. Network License #01793657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,125

Year Built

  • Built in 1954

Lot Details

  • 7,176 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • 1,696 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Assessor Parcel Number 0139112300000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • Operating Expense $2,600
  • Gross Income $23,460
  • Net Operating Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,125

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 7.14
  • Other Phone Number: 3109802475
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 0139112300000
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 185.73

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7176.00
  • Lot Size Acres: 0.1647
  • Latitude Manual: 34.11843600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 23460.00
  • Gross Scheduled Income: 23940.00
  • Insurance Expense: 500.00
  • Lot Size Area: 7176.0000 Square Feet
  • Net Operating Income: 21480.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2460.00
  • Rent Control: No
  • Total Actual Rent: 1995.00
  • Total Expenses: 2600.00

Tax Info

  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Perez Jonathan
Bought by
Perez Jonathan and Wraith 48 Llc
Current Estimated Value
$588,031

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 18, 2019
Sold by
Tecza Kathy
Bought by
Perez Jonathan
Seller's Agent
Vivian Tang
Real Brokerage Technologies
Buyer's Agent
Eddie Perez
The R.R. Network
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$309,294
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 12, 2019
Sold by
Yue George and Tang Vivian
Bought by
Perez Jonathan
Seller's Agent
Vivian Tang
Real Brokerage Technologies
Buyer's Agent
Eddie Perez
The R.R. Network
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,294
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 2018
Sold by
Ruan Wei Q
Bought by
Yue George and Tang Vivian

Purchase Details

Listed on
Aug 1, 2012
Closed on
Aug 8, 2012
Sold by
Wamu Servicing Lp
Bought by
Stvr Entertainment Inc Retirement Trust
Seller's Agent
Greg Kamin
Sun Tag Properties
Buyer's Agent
Steven Cheng
IRN Realty
List Price
$139,900
Sold Price
$150,000
Premium/Discount to List
$10,100
7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%

Purchase Details

Listed on
Aug 1, 2012
Closed on
Jul 17, 2012
Sold by
Suarez Edward D
Bought by
Wamu Servicing Lp
Seller's Agent
Greg Kamin
Sun Tag Properties
Buyer's Agent
Steven Cheng
IRN Realty
List Price
$139,900
Sold Price
$150,000
Premium/Discount to List
$10,100
7.22%

Purchase Details

Closed on
Sep 10, 2008
Sold by
Suarez Norma
Bought by
Suarez Edward D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2008
Sold by
Us Bank Na
Bought by
Suarez Edward D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2008
Sold by
Penaloza Valentin
Bought by
Us Bank Na and Mastr Asset Backed Securities Trust 2006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2008
Sold by
Penaloza Valentin
Bought by
Us Bank Na and Mastr Asset Backed Securities Trust 2006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2006
Sold by
Marquez Aurelio
Bought by
Penaloza Valentin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,800
Interest Rate
7.28%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 13, 2004
Sold by
Marquez Beatrice
Bought by
Marquez Aurelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2004
Sold by
Anguiano Daniel and Angurano Daniel
Bought by
Marquez Aurelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2004
Sold by
Anguiano Mercedes
Bought by
Anguiano Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Cassianis Jullian J
Bought by
Angurano Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Mendez Carmen Maritza
Bought by
Cassianis Jullian J

Purchase Details

Closed on
Sep 16, 1999
Sold by
Cassianis Julian
Bought by
Mendez Carmen Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,100
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 2, 1998
Sold by
Hughes Edna
Bought by
Cassianis Jullian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,350
Interest Rate
6.76%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hughes Edna and Hughes Jackie
Bought by
Hughes Edna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,350
Interest Rate
6.76%
Mortgage Type
FHA
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
Perez Jonathan -- Socal Title Company
Perez Jonathan -- Chicago Title Company
Perez Jonathan $315,000 Chicago Title Company
Yue George $240,000 Lawyers Title Company
Stvr Entertainment Inc Retirement Trust $150,000 Stewart Title Company
Wamu Servicing Lp $84,500 Accommodation
Suarez Edward D -- Stewart Title Of California
Suarez Edward D $140,000 Stewart Title
Us Bank Na $138,750 None Available
Us Bank Na $138,750 Stewart Title Co
Penaloza Valentin $426,000 Orange Coast Title Company
Marquez Aurelio -- Orange Coast Title Company
Marquez Aurelio $312,000 Orange Coast Title Company
Anguiano Daniel -- Orange Coast Title Company
Angurano Daniel $156,000 Orange Coast Title Company
Cassianis Jullian J -- --
Mendez Carmen Maritza $110,000 Old Republic Title Company
Cassianis Jullian $71,500 Ati Title
Hughes Edna -- Ati Title
Hughes Edna -- Ati Title
Hughes Edna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Jonathan $381,500
Previous Owner Perez Jonathan $309,294
Previous Owner Suarez Edward D $112,000
Previous Owner Penaloza Valentin $340,800
Previous Owner Marquez Aurelio $249,600
Previous Owner Angurano Daniel $144,000
Previous Owner Mendez Carmen Maritza $126,000
Previous Owner Mendez Carmen Maritza $109,100
Previous Owner Cassianis Jullian $71,350
Closed Marquez Aurelio $62,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2019 07/10/19 Sold $315,000 -1.6% $186 / Sq Ft
05/30/2019 05/30/19 Price Changed $320,000 +7.0% $189 / Sq Ft
05/28/2019 05/28/19 For Sale $299,000 +99.3% $176 / Sq Ft
09/08/2012 09/08/12 Sold $150,000 +7.2% $88 / Sq Ft
08/07/2012 08/07/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $139,900 -- $82 / 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 $5,125 $406,340 $85,096 $321,244
2024 $5,125 $398,372 $83,427 $314,945
2023 $4,264 $331,122 $73,583 $257,539
2022 $4,272 $324,629 $72,140 $252,489
2021 $4,281 $318,263 $70,725 $247,538
2020 $4,293 $315,000 $70,000 $245,000
2019 $3,335 $244,800 $48,960 $195,840
2018 $2,283 $162,340 $29,222 $133,118
2017 $2,213 $159,157 $28,649 $130,508
2016 $2,147 $156,036 $28,087 $127,949
2015 $2,036 $153,692 $27,665 $126,027
2014 $1,979 $150,681 $27,123 $123,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19125325

California Regional Multiple Listing Service (CRMLS)

APN: 0139-112-30