NOT LISTED FOR SALE

Estimated Value: $990,377 - $1,183,000

10 Beds
6 Baths
3,346 Sq Ft
$329/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $575,000 $172 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,430/month

15 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Cooling Available
  • Granite Countertops
  • Double Pane Windows
  • Laundry Room

About This Home

As of April 2015

Newer Duplex Home built on 2014 with 5 bedrooms and 3 baths each unit. Main Unit has 2 car garage and 1 for the other unit. Each unit features granite kitchen counter tops, ceramic and carpet flooring. Semi furnished with dining table and chairs, beds, 1 unit TV. All units are rented. Perfect rental property or for new homeowner with supplemental rent income.

Last Agent to Sell the Property

Endrico Patolot

MAJESTIC REALTY & INVESTMENT License #01838217 Listed on: 02/02/2015

Last Buyer's Agent

Tony Han

Seeders Real Estate License #01426050

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2013

Lot Details

  • 5,462 Sq Ft Lot
  • Lot Dimensions are 40 x 137
  • 1 Common Wall
  • South Facing Home
  • Wrought Iron Fence
  • Fence is in good condition

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Fire Rated Drywall
  • Shingle Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,346 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Panel Doors

Kitchen

  • Gas Range
  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • 3 Detached Carport Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling Available
  • Heating Available
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 309
  • Tax Tract Number 2
  • Assessor Parcel Number 5104026024

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 $1,025
  • New Taxes Expense $7,323
  • Gross Income $4,400
  • Net Operating Income $42,340

Property Details

Home Type

Multi-Family

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.23
  • Inclusions: Gas Range/Oven, Rangehood, Beds dining table and chairs and anything that belong to seller.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LAR2
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5104026024
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 171.85
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Exterior Features: Lighting, Rain Gutters
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood, Water Heater
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size: 40 X 137
  • Lot Size Sq Ft: 5462.00
  • Lot Size Acres: 0.1250

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4400.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1025.00
  • Lot Size Area: 5462.0000 Square Feet
  • Net Operating Income: 42340.00
  • 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: 8348.00
  • Rent Control: No
  • Total Actual Rent: 4450.00

Tax Info

  • New Taxes Expense: 7323.00
  • Tax Area: 7
  • Tax Lot: 309
  • Tax Tract Number: 2
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2020
Sold by
Park Albert
Bought by
Park Albert
Current Estimated Value
$1,100,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,800
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2015
Sold by
Nicasio John Terry
Bought by
Park Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Ocean Development Inc
Bought by
Nicasio John Terry and Nicasio Annamarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,975
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2012
Sold by
Ramos Rogelio
Bought by
Ocean Development Inc

Purchase Details

Closed on
Mar 30, 2005
Sold by
Ramos Mayra
Bought by
Ramos Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2005
Sold by
Moore David Lewis and Wright Sarah R
Bought by
Ramos Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Park Albert -- Provident Title Company
Park Albert -- Provident Title Company
Park Albert $575,000 Fidelity National Title Co
Nicasio John Terry $515,005 Lawyers Title
Ocean Development Inc $128,000 None Available
Ramos Rogelio -- Financial Title Gardena
Ramos Rogelio $297,272 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Albert $390,800
Previous Owner Park Albert $431,250
Previous Owner Nicasio John Terry $496,975
Previous Owner Ramos Rogelio $238,400
Closed Ramos Rogelio $59,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $575,000 -1.8% $172 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $585,800 -- $175 / 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 $8,603 $691,054 $276,420 $414,634
2024 $8,603 $677,504 $271,000 $406,504
2023 $8,442 $664,221 $265,687 $398,534
2022 $8,057 $651,198 $260,478 $390,720
2021 $7,945 $638,430 $255,371 $383,059
2019 $7,711 $619,497 $247,798 $371,699
2018 $7,586 $607,351 $242,940 $364,411
2016 $7,761 $583,768 $233,507 $350,261
2015 $6,517 $527,673 $189,552 $338,121
2014 $6,548 $517,337 $185,839 $331,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15022035

California Regional Multiple Listing Service (CRMLS)

APN: 5104-026-024