NOT LISTED FOR SALE

Estimated Value: $753,000 - $1,015,000

7 Beds
5 Baths
3,760 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2013

Last sale price $312,500 $83 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $5,302 / mo

59 Days on Market

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas
  • More Than Two Accessible Exits
  • Wood Siding

About This Home

As of January 2013

SELLER NEEDS TO CLOSE BY YEARS END AND IS REQUESTING ANY/ALL OFFERS ASAP. This is a great 4 plex building. There are three 1/1 units and one HUGE 4 bedroom 2.5 bath unit with laundry hook-ups inside. In the rear are two car ports for on-site parking. Recently re-sealed asphalt, new landscaping and new exterior paint. Unit C and D have been renovated. Unit A and B are currently rented @ $750/month with Month to month leases and Unit #4 has just been rented for $1250/m with 12 month lease. This property is across the street from the school and is close to shopping and restaurants. The seller has spent over $60K in renovations - from landscaping and asphalt, to roof and other exterior upgrades. If you are looking for a great cash flow opportunity, this is it! All this on a 19,800 sqft lot.

Last Agent to Sell the Property

Doug Wetton

DW Investments License #01009432 Listed on: 09/14/2012

Last Buyer's Agent

JAMES SISCO

EXP REALTY OF CALIFORNIA INC License #01280826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.45

Home Design

  • 3,760 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • 2 Carport Spaces

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $70
  • Trash Expense $1,128
  • Water Sewer Expense $3,120
  • New Taxes Expense $3,795
  • Gross Income $2,600
  • Net Operating Income $31,104

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.45 Acres

Listing Details

  • Assessments: No
  • CapRate: 8.91
  • Improvements Percent: 85.00
  • View: No
  • Water Sewer Expenses: 3120.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: No
  • Price Per Square Foot: 83.11

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 1128.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value Percent: 15.00

Multi Family

  • Gross Income: 2600.00
  • Gross Multiplier: 8.08
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 70.00
  • Net Operating Income: 31104.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Disposal: 4
  • Operating Expense: 10800.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3795.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2012
Closed on
Jan 11, 2013
Sold by
Bought by
Seller's Agent
Doug Wetton
DW Investments
Buyer's Agent
JAMES SISCO
EXP REALTY OF CALIFORNIA INC
List Price
$379,500
Sold Price
$312,500
Premium/Discount to List
-$67,000
-17.65%
Current Estimated Value
$904,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,725
Avg. Annual Appreciation
8.21%
Original Mortgage
$279,837
Interest Rate
0.0328%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 14, 2012
Closed on
Jan 8, 2013
Sold by
Bought by
Seller's Agent
Doug Wetton
DW Investments
Buyer's Agent
JAMES SISCO
EXP REALTY OF CALIFORNIA INC
List Price
$379,500
Sold Price
$312,500
Premium/Discount to List
-$67,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Interest Rate
0.0328%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 17, 2012
Closed on
May 29, 2012
Sold by
Bought by
Seller's Agent
Veronica Gomez
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
257.82%

Purchase Details

Closed on
Jun 28, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,600
Interest Rate
0.0812%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,600
Interest Rate
0.0812%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 16, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0629%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Landamerica Commonwealth
$312,500 Landamerica Commonwealth
$155,000 Orange Coast Title Co
$592,000 Gateway
-- Gateway
$225,000 Lawyers Pasadena
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $277,500
Closed $279,837
Closed $279,837
Previous Owner $473,600
Previous Owner $59,200
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2013 01/22/13 Sold $312,500 -17.7% $83 / Sq Ft
11/12/2012 11/12/12 Pending -- -- --
09/14/2012 09/14/12 For Sale $379,500 +144.8% $101 / Sq Ft
07/05/2012 07/05/12 Sold $155,000 -3.1% $41 / Sq Ft View Prior Sale
06/06/2012 06/06/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $160,000 -- $43 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,677 $392,516 $56,522 $335,994
2025 $4,677 $384,820 $55,414 $329,406
2024 $4,541 $377,274 $54,327 $322,947
2023 $5,262 $369,877 $53,262 $316,615
2022 $5,865 $362,625 $52,218 $310,407
2021 $5,734 $355,515 $51,194 $304,321
2020 $5,004 $351,870 $50,669 $301,201
2019 $5,544 $344,970 $49,675 $295,295
2018 $9,050 $338,206 $48,701 $289,505
2017 $8,775 $331,574 $47,746 $283,828
2016 $7,963 $325,073 $46,810 $278,263
2015 $7,931 $320,190 $46,107 $274,083
2014 $7,853 $313,918 $45,204 $268,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12003667

California Regional Multiple Listing Service (CRMLS)

APN: 0318-143-46

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