$890,000
SOLD SEP 9, 2022
4 Beds
2 Baths
1,386 Sq Ft
4,075 Sq Ft Lot

Recently Sold

$642 Per Sq Ft

1% Below List Price

12 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • Back and Front Yard
  • Thomas Edison Elementary School Rated A

About This Home

As of September 2022

Fix and Save!! This 1,386 square foot duplex is located on a 4,075 square foot lot! Two 2 bedroom, 1 bathroom units! Laundry room in an exterior shed! Two 2 car garages for all your cars and toys! Run, don't walk!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 07/21/2022

Last Buyer's Agent

Barry Burnett

Barry Burnett Realty, Inc. License #00989278

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,185

Year Built

  • Built in 1951

Lot Details

  • 4,075 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • 1,386 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 9458
  • Assessor Parcel Number 2438031011
  • $205 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,646
  • Other Expense $240
  • Water Sewer Expense $495
  • New Taxes Expense $11,744
  • Operating Expense $14,725
  • Gross Income $43,800
  • Net Operating Income $29,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,185

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.23
  • Price Per Unit: 449999
  • Property Attached: Yes
  • Water Sewer Expenses: 495.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2438031011
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Price Per Square Foot: 642.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4075.00
  • Lot Size Acres: 0.0935

Multi Family

  • Gross Income: 43800.00
  • Gross Multiplier: 20.55
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 1646.00
  • Lot Size Area: 4075.0000 Square Feet
  • Net Operating Income: 29075.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14725.00
  • Other Expense: 240.00
  • Other Expense Description: gas
  • Rent Control: No
  • Total Expenses: 14725.00

Tax Info

  • New Taxes Expense: 11744.00
  • Tax Census Tract: 3109.00
  • Tax Lot: 42
  • Tax Tract Number: 9458
  • TaxOtherAnnualAssessmentAmount: 205.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 8, 2022
Sold by
David Forrest Morris Living Trust
Bought by
Saliblan Raffi A and Salibian Allison D
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Barry Burnett
Barry Burnett Realty, Inc.
List Price
$899,998
Sold Price
$890,000
Premium/Discount to List
-$9,998
-1.11%
Views
2
Current Estimated Value
$1,106,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,646
Avg. Annual Appreciation
7.64%
Original Mortgage
$667,500
Outstanding Balance
$638,858
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$467,788

Purchase Details

Closed on
Oct 11, 2000
Sold by
Morris David F
Bought by
The David Forrest Morris Living Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $890,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $667,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2022 11/05/22 Rented $2,595 0.0% --
10/16/2022 10/16/22 Price Changed $2,595 -3.7% $3 / Sq Ft
10/12/2022 10/12/22 For Rent $2,695 0.0% --
09/09/2022 09/09/22 Sold $890,000 -1.1% $642 / Sq Ft
07/21/2022 07/21/22 For Sale $899,998 -- $649 / 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 $10,185 $925,956 $613,836 $312,120
2024 $10,185 $907,800 $601,800 $306,000
2023 $10,076 $890,000 $590,000 $300,000
2022 $3,082 $265,993 $149,229 $116,764
2021 $3,064 $260,778 $146,303 $114,475
2019 $2,943 $253,045 $141,964 $111,081
2018 $2,864 $248,084 $139,181 $108,903
2016 $2,709 $238,452 $133,777 $104,675
2015 $2,655 $234,871 $131,768 $103,103
2014 $2,660 $230,271 $129,187 $101,084
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22160478

California Regional Multiple Listing Service (CRMLS)

APN: 2438-031-011