NOT LISTED FOR SALE

Estimated Value: $871,000 - $1,094,000

6 Beds
2 Baths
1,500 Sq Ft
$636/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $750,000 $500 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,920/month

2 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back Yard
  • Living Room
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of February 2020

Once a life time opportunity to own a duplex property (in title shows Single Family Residential) with 6.7% CAP. Front Property 3 Bed/1 Bath, Back house 3 Bed/1Bath. Although built in 1905, it was completely remodeled interior and exterior. Interior with new bathroom, new kitchen, new cabinet, new flooring, new painting, granite counter top, new laminated wood floor. Located in a convenient location close to all types of business, shopping, malls, schools, bus services and freeways. Great investment opportunity with OVER 7.4% CAP RATE or great for a big family. Current annual gross rent $55,200. All units have tenants, please DO NOT DISTURB.

Last Agent to Sell the Property

Lucy Scott

Visionaire Real Estate License #01328471 Listed on: 01/28/2020

Visionaire Real Estate

Last Buyer's Agent

Lucy Scott

Visionaire Real Estate License #01328471 Listed on: 01/28/2020

Visionaire Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,129

Year Built

  • Built in 1905

Lot Details

  • 6,822 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • Duplex

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 8 / B
  • Tax Tract Number 676
  • Assessor Parcel Number 00809206

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $958
  • Trash Expense $168
  • Water Sewer Expense $1,591
  • New Taxes Expense $4,055
  • Operating Expense $6,941
  • Gross Income $55,200
  • Net Operating Income $49,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,129

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.70
  • Other Phone Description: Co-Agent Cell
  • Other Phone Number: 8184504174
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1591.00
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 00809206
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 500.00
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 168.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6822.00
  • Lot Size Acres: 0.1566

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 56856.00
  • Insurance Expense: 958.00
  • Lot Size Area: 6822.0000 Square Feet
  • Net Operating Income: 49915.00
  • 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: 6941.00
  • Rent Control: No
  • Total Expenses: 6941.00

Tax Info

  • New Taxes Expense: 4054.80
  • Tax Block: B
  • Tax Census Tract: 749.01
  • Tax Lot: 8
  • Tax Tract Number: 676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Mar 25, 2020
Sold by
Vu Andy and Vu Cindy
Bought by
Oc One Properties Llc
Seller's Agent
Lucy Scott
Visionaire Real Estate
Buyer's Agent
Lucy Scott
Visionaire Real Estate
List Price
$658,000
Sold Price
$750,000
Premium/Discount to List
$92,000
13.98%
Current Estimated Value
$954,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,286
Avg. Annual Appreciation
4.47%
Original Mortgage
$432,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 28, 2020
Closed on
Feb 6, 2020
Sold by
Nguyen Nina
Bought by
Vu Andy and Vu Cindy
Seller's Agent
Lucy Scott
Visionaire Real Estate
Buyer's Agent
Lucy Scott
Visionaire Real Estate
List Price
$658,000
Sold Price
$750,000
Premium/Discount to List
$92,000
13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2012
Sold by
Nguyen Stephenie Nga
Bought by
Nguyen Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2012
Sold by
Nguyen Steven Khanh
Bought by
Nguyen Stephenie Nga

Purchase Details

Closed on
Dec 27, 2011
Sold by
Nguyen Stephenie Nga
Bought by
Nguyen Steven Khanh

Purchase Details

Closed on
Jul 27, 2011
Sold by
Russ Mark Edward and Russ Alicia
Bought by
Nguyen Stephenie Nga

Purchase Details

Closed on
Jan 11, 2006
Sold by
Russ Mark Edward and Russ Alicia
Bought by
Russ Mark Edward and Russ Alicia

Purchase Details

Closed on
Jun 23, 2005
Sold by
Cerda Martin and Cerda Hermelinda
Bought by
Russ Mark E and Russ Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 1993
Sold by
Cerda Martin and Cerda Hermelinda
Bought by
Cerda Martin and Cerda Hermelinda
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
Oc One Properties Llc -- None Available
Vu Andy $720,000 Fidelity Natl Ttl Orange Cnt
Nguyen Nina $300,000 None Available
Nguyen Stephenie Nga -- Accommodation
Nguyen Steven Khanh -- None Available
Nguyen Stephenie Nga $290,000 Ticor Title Co
Russ Mark Edward -- None Available
Russ Mark E $640,000 Alliance Title
Cerda Martin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vu Andy $432,000
Previous Owner Nguyen Nina $347,000
Previous Owner Nguyen Nina $280,000
Previous Owner Nguyen Nina $300,000
Previous Owner Russ Mark E $576,000
Previous Owner Paz Martin Cerda $150,000
Previous Owner Cerda Martin $118,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $750,000 +4.2% $500 / Sq Ft
02/02/2020 02/02/20 Sold $720,000 0.0% $480 / Sq Ft
01/31/2020 01/31/20 Price Changed $720,000 0.0% $480 / Sq Ft
01/29/2020 01/29/20 Price Changed $720,000 +9.4% $480 / Sq Ft
01/28/2020 01/28/20 For Sale $658,000 +1.2% $439 / Sq Ft
01/18/2020 01/18/20 Price Changed $650,000 -1.2% $434 / Sq Ft
12/10/2019 12/10/19 Price Changed $658,000 +1.2% $439 / Sq Ft
12/05/2019 12/05/19 Price Changed $650,000 -7.1% $434 / Sq Ft
11/25/2019 11/25/19 Price Changed $700,000 0.0% $467 / Sq Ft
11/25/2019 11/25/19 For Sale $700,000 -2.8% $467 / Sq Ft
11/22/2019 11/22/19 Off Market $720,000 -- --
11/22/2019 11/22/19 For Sale $650,000 -9.7% $434 / Sq Ft
11/21/2019 11/21/19 Off Market $720,000 -- --
11/04/2019 11/04/19 For Sale $650,000 -- $434 / 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 $9,129 $787,423 $742,227 $45,196
2024 $9,129 $771,984 $727,674 $44,310
2023 $8,905 $668,000 $625,409 $42,591
2022 $8,816 $742,008 $699,417 $42,591
2021 $8,609 $727,459 $685,703 $41,756
2020 $4,309 $337,793 $300,945 $36,848
2019 $4,229 $331,170 $295,044 $36,126
2018 $4,072 $324,677 $289,259 $35,418
2017 $4,038 $318,311 $283,587 $34,724
2016 $3,959 $312,070 $278,026 $34,044
2015 $3,909 $307,383 $273,850 $33,533
2014 $3,841 $301,362 $268,485 $32,877
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20019621

California Regional Multiple Listing Service (CRMLS)

APN: 008-092-06