NOT LISTED FOR SALE

Estimated Value: $722,000 - $817,000

4 Beds
2 Baths
1,627 Sq Ft
$471/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $625,000 $384 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,915/month

163 Days on Market

About This Home

As of July 2021

We are pleased to present 12118 Broadway. The subject property has two 2 bedroom/1 bath units, one of which will be delivered move in ready. This is perfect as an owner user can immediately move it or an investor can select their tenant at market rent. 12218 Broadway is over a 1600 sq ft property sitting on a 6,592 sq ft R3 lot. Great for a FHA buyer!

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 11/30/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Lucas Herbst

Lyon Stahl Investment Real Estate, Inc. License #02081382

Last Buyer's Agent

Amanda Richardson

Realty ONE Group United License #01832013

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,910

Year Built

  • Built in 1948

Lot Details

  • 6,592 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,627 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 14076
  • Assessor Parcel Number 6132032012

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Insurance Expense $569
  • New Taxes Expense $7,813
  • Operating Expense $12,615
  • Gross Income $34,029
  • Net Operating Income $21,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,910

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 3.43
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6132032012
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 384.14

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 59' by 111'
  • Lot Size Sq Ft: 6592.00
  • Lot Size Acres: 0.1513

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 34029.00
  • Gross Multiplier: 17.45
  • Gross Scheduled Income: 35820.00
  • Insurance Expense: 569.00
  • Lot Size Area: 6592.0000 Square Feet
  • Net Operating Income: 21414.00
  • 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: 12615.00
  • Rent Control: Yes
  • Total Expenses: 12615.00

Tax Info

  • New Taxes Expense: 7813.00
  • Tax Census Tract: 5409.01
  • Tax Lot: 12
  • Tax Tract Number: 14076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
Jun 4, 2021
Sold by
Long Beach Trading Co Inc
Bought by
Reynolds Vereaux E
Seller's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Amanda Richardson
Realty ONE Group United
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$765,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,679
Avg. Annual Appreciation
5.98%
Original Mortgage
$625,000
Outstanding Balance
$568,319
Interest Rate
2.9%
Mortgage Type
Unknown
Estimated Equity
$226,611

Purchase Details

Closed on
Apr 30, 2021
Sold by
Reddy Bandi Vamshidhar and Reddy Kavitha M
Bought by
Long Beach Trading Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$568,319
Interest Rate
2.9%
Mortgage Type
Unknown
Estimated Equity
$226,611

Purchase Details

Closed on
Dec 10, 2012
Sold by
Reddy Bandi Vamshidhar and Reddy Kavitha M
Bought by
Reddy Bandi Vamshidhar and Reddy Kavitha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2011
Sold by
Delgado Salvador H
Bought by
Vamshidhar Bandi and Reddy Kavitha

Purchase Details

Closed on
Apr 16, 2007
Sold by
Delgado Ana Mercedes
Bought by
Delgado Salvador H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
1.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 9, 2007
Sold by
Vickers Edna D
Bought by
Delgado Salvador H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
1.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 30, 2001
Sold by
Hill Betty and Vickers Edna
Bought by
Vickers Edna D

Purchase Details

Closed on
Mar 29, 1996
Sold by
Williams Charles
Bought by
Williams Charles and Williams Jessie Mae
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
Reynolds Vereaux E $625,000 First Amer Ttl Co Res Div
Long Beach Trading Co Inc -- Fidelity National Title
Reddy Bandi Vamshidhar -- Old Republic Title Company
Vamshidhar Bandi $893,454 None Available
Delgado Salvador H -- Fidelity National Title Co
Delgado Salvador H $400,000 Fidelity National Title Co
Vickers Edna D -- --
Williams Charles -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Vereaux E $625,000
Closed Reynolds Vereaux E $625,000
Previous Owner Reddy Bandi Vamshidhar $231,000
Previous Owner Reddy Bandi Vamshidhar $240,000
Previous Owner Reddy Bandi Vamshidhar $241,500
Previous Owner Reddy Bandi Vamshidhar $129,500
Previous Owner Delgado Salvador H $416,000
Previous Owner Delgado Salvador H $380,000
Previous Owner Vickers Edna D $286,000
Previous Owner Vickers Edna D $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $625,000 0.0% $384 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $625,000 0.0% $384 / Sq Ft
03/23/2021 03/23/21 For Sale $625,000 0.0% $384 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $625,000 0.0% $384 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $625,000 0.0% $384 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
11/30/2020 11/30/20 For Sale $625,000 -- $384 / 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 $8,910 $663,254 $451,013 $212,241
2024 $8,910 $650,250 $442,170 $208,080
2023 $8,591 $637,500 $433,500 $204,000
2022 $8,192 $625,000 $425,000 $200,000
2021 $3,433 $203,643 $116,036 $87,607
2020 $3,451 $201,756 $114,847 $86,909
2019 $3,342 $197,805 $112,596 $85,209
2018 $3,253 $193,932 $110,389 $83,543
2016 $3,114 $186,210 $106,103 $80,107
2015 $3,072 $183,414 $104,510 $78,904
2014 $3,078 $179,822 $102,463 $77,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20248527

California Regional Multiple Listing Service (CRMLS)

APN: 6132-032-012