NOT LISTED FOR SALE

Estimated Value: $715,000 - $796,762

4 Beds
2 Baths
1,566 Sq Ft
$478/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $450,000 $287 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,757/month

198 Days on Market

About This Home

As of July 2017

Tremendous Opportunity to Invest in this Large Lot with two detached Units! Both of the Units of have been Updated in the past few years. Newer Windows! New Flooring prior to renting units, new paint, new cabinets & countertops, and inside laundry hook ups. Unit Mix Consists of (1) 2bed/1bath 830 Sq Ft and (1) 2bed/1bath 736 Sq Ft. This Investment Property Will Not Last, If you are looking for a Fantastic ROI, look no further- Don’t Hesitate to Act Now!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 11/09/2016

Last Buyer's Agent

Josie Garcia

JVN Real Estate License #01923305

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,140

Year Built

  • Built in 1921

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • 1,566 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 455
  • Tax Tract Number 6001
  • Assessor Parcel Number 6047014007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $22,120
  • Net Operating Income $22,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,140

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LCR320U*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6047014007
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 287.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Scheduled Income: 34032.00
  • Lot Size Area: 6750.0000 Square Feet
  • Net Operating Income: 22120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11911.00
  • Rent Control: Yes
  • Total Actual Rent: 34032.00
  • Total Expenses: 22120.00

Tax Info

  • Tax Census Tract: 6001.00
  • Tax Lot: 455
  • Tax Tract Number: 6001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2016
Closed on
Jun 5, 2017
Sold by
Lh3 Property West Lp
Bought by
Galarza Ulises Nevarez
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Josie Garcia
JVN Real Estate
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$753,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,458
Avg. Annual Appreciation
6.49%
Original Mortgage
$441,849
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 5, 2013
Closed on
Sep 10, 2013
Sold by
Atz Properties Llc
Bought by
Ih3 Property West Lp
Seller's Agent
George Gorgy
Premier Investors R.E., Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$289,500
Sold Price
$275,000
Premium/Discount to List
-$14,500
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.99%

Purchase Details

Closed on
Aug 23, 2012
Sold by
Barak Enterprises Inc
Bought by
Atz Properties

Purchase Details

Closed on
Oct 19, 2007
Sold by
Maxwell Anthony
Bought by
Barak Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 14, 2006
Sold by
Anderson Lalar and Newman Doretha D
Bought by
Maxwell Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
9.85%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 13, 2006
Sold by
Willis Vera
Bought by
Anderson Lalar and Newman Doretha D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
9.85%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 23, 2004
Sold by
Willis Vera
Bought by
Willis Vera and Anderson Lalar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,250
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2004
Sold by
Truley Stephanie R
Bought by
Willis Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,250
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 1998
Sold by
Truley Gregory R
Bought by
Truley Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,050
Interest Rate
9.8%

Purchase Details

Closed on
Jan 5, 1998
Sold by
Simpson Harold and Simpson Christy M
Bought by
Truley Stephanie R

Purchase Details

Closed on
Dec 5, 1997
Sold by
C A T Management Inc
Bought by
Simpson Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.23%

Purchase Details

Closed on
Oct 16, 1997
Sold by
Ybarra Ramon
Bought by
C A T Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.23%
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
Galarza Ulises Nevarez $450,000 Fidelity National Title
Ih3 Property West Lp $275,000 Fidelity National Title
Atz Properties -- Accommodation
Barak Enterprises Inc $375,000 Accommodation
Maxwell Anthony $530,000 Chicago Title
Anderson Lalar -- Chicago Title Co
Willis Vera -- Fidelity National Title
Willis Vera $315,000 Fidelity National Title
Truley Stephanie R -- Provident Title Company
Truley Stephanie R -- --
Simpson Harold $97,000 --
C A T Management Inc $75,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galarza Ulises Nevarez $434,472
Closed Galarza Ulises Nevarez $441,849
Previous Owner Atz Properties Llc $30,000
Previous Owner Barak Enterprises Inc $385,000
Previous Owner Maxwell Anthony $477,000
Previous Owner Anderson Lalar $53,000
Previous Owner Willis Vera $279,250
Previous Owner Truley Stephanie R $127,050
Previous Owner C A T Management Inc $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $450,000 0.0% $287 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $450,000 0.0% $287 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
11/09/2016 11/09/16 For Sale $450,000 +63.6% $287 / Sq Ft
10/03/2013 10/03/13 Sold $275,000 -5.0% $176 / Sq Ft
09/04/2013 09/04/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $289,500 -- $185 / 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 $7,140 $512,018 $341,347 $170,671
2024 $7,140 $501,979 $334,654 $167,325
2023 $6,856 $492,138 $328,093 $164,045
2022 $6,547 $482,489 $321,660 $160,829
2021 $6,478 $473,029 $315,353 $157,676
2020 $6,526 $468,180 $312,120 $156,060
2019 $6,285 $459,000 $306,000 $153,000
2018 $6,223 $450,000 $300,000 $150,000
2016 $4,239 $284,770 $227,817 $56,953
2015 $4,178 $280,493 $224,395 $56,098
2014 -- $275,000 $220,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16740405

California Regional Multiple Listing Service (CRMLS)

APN: 6047-014-007