NOT LISTED FOR SALE

Estimated Value: $582,000 - $700,000

3 Beds
3 Baths
1,701 Sq Ft
$381/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $290,200 $171 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $3,643/month

21 Days on Market

About This Home

As of December 2013

Diamond in the rough! Huge double lot with 3 buildings and 4 units! The front single story house has 2 bedrooms, 1 bathroom . There is also a two-story house with one unit downstairs consisting of 1 bedroom, 1 bathroom and an upstairs studio unit with separate access. Plus there detached one-car garage that has been converted to a studio apartment (buyer to verify if permitted). This Fannie Mae property is conveniently located to schools, parks, shopping and the 91 freeway.

Last Agent to Sell the Property

Michelle Brabeck

Brabeck Properties, Inc. License #01131926 Listed on: 10/30/2013

Last Buyer's Agent

Hamid Saghatchi

Real Estate Ebroker Inc License #01725415

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 1,701 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Carport
  • Parking Available
  • Driveway
  • Uncovered Parking

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 118181006

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 118181006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 170.61

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Driveway, Uncovered

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 45
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2013
Closed on
Dec 6, 2013
Sold by
Saghatchi Hamid
Bought by
Saghatchi Shirin
Seller's Agent
Michelle Brabeck
Brabeck Properties, Inc.
Buyer's Agent
Hamid Saghatchi
Real Estate Ebroker Inc
List Price
$324,900
Sold Price
$290,200
Premium/Discount to List
-$34,700
-10.68%
Current Estimated Value
$647,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,467
Avg. Annual Appreciation
6.88%

Purchase Details

Listed on
Oct 30, 2013
Closed on
Dec 3, 2013
Sold by
Federal National Mortgage Association
Bought by
Saghatchi Shirin
Seller's Agent
Michelle Brabeck
Brabeck Properties, Inc.
Buyer's Agent
Hamid Saghatchi
Real Estate Ebroker Inc
List Price
$324,900
Sold Price
$290,200
Premium/Discount to List
-$34,700
-10.68%

Purchase Details

Closed on
Sep 5, 2013
Sold by
Shafi Shoukat
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 16, 2010
Sold by
Shafi Shoukat
Bought by
Cal West Group

Purchase Details

Closed on
Aug 1, 2010
Sold by
Shafi Shoukat
Bought by
Huggins Lawrence and Shafi Shoukat

Purchase Details

Closed on
Oct 17, 2005
Sold by
Shafi Shoukat and Shafi Erum
Bought by
Shafi Shoukat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
1.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2002
Sold by
Herian Jerome J and Herian Patricia L
Bought by
Shafi Erum and Shafi Shoukat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2002
Sold by
Herian Jerome J and Herian Patricia L
Bought by
Herian Jerome J and Herian Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saghatchi Shirin -- Lsi Title Company Inc
Saghatchi Shirin $290,500 Lsi Title Company Inc
Federal National Mortgage Association $500,901 Landsafe Title
Cal West Group -- None Available
Huggins Lawrence -- None Available
Shafi Shoukat -- Advantage Title
Shafi Erum $250,000 Old Republic Title Co
Herian Jerome J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shafi Shoukat $402,500
Previous Owner Shafi Erum $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $290,200 -10.7% $171 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
10/30/2013 10/30/13 For Sale $324,900 -- $191 / 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 $3,109 $282,552 $61,287 $221,265
2023 $3,109 $271,582 $58,908 $212,674
2022 $3,011 $266,257 $57,753 $208,504
2021 $2,950 $261,037 $56,621 $204,416
2020 $2,918 $258,361 $56,041 $202,320
2019 $2,850 $253,296 $54,943 $198,353
2018 $2,786 $248,330 $53,866 $194,464
2017 $2,718 $243,461 $52,810 $190,651
2016 $2,692 $238,688 $51,775 $186,913
2015 $2,633 $235,105 $50,999 $184,106
2014 $2,537 $230,500 $50,000 $180,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13221093

California Regional Multiple Listing Service (CRMLS)

APN: 118-181-006