NOT LISTED FOR SALE

Estimated Value: $250,779 - $481,000

4 Beds
4 Baths
1,948 Sq Ft
$188/Sq Ft Est. Value

Last Sold June 18, 2013

Last sale price $105,000 $54 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $2,040/month

96 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Evaporated cooling system
  • 5-minute walk to Druding Veteran Memorial Park

About This Home

As of June 2013

Two story duplex with in garage laundry. LL pays water, trash & sewer. Large 10k+ lot. Units are clean and a good size. Downstairs unit is rented.

Last Agent to Sell the Property

Leticia Arciniega

Main Street Realty License #01803573 Listed on: 02/27/2013

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 70 x 150
  • 1 Common Wall
  • East Facing Home
  • Fence is in average condition

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 1,948 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2,3 / 2
  • Tax Tract Number 7329
  • Assessor Parcel Number 437031016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Water Sewer Expense $1,500
  • New Taxes Expense $1,876
  • Gross Income $1,300
  • Net Operating Income $10,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.32
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 437031016
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 53.90

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size: 70 x 150
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 974
  • Gross Income: 1300.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 750.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 10980.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 2
  • Operating Expense: 1500.00
  • Operating Expense Percent: 9.60
  • Rent Control: No
  • Total Actual Rent: 1200.00
  • Vacancy Allowance Rate: 20.00

Tax Info

  • New Taxes Expense: 1876.00
  • Tax Area: 10-032
  • Tax Block: 2
  • Taxes Percent: 1.25
  • Tax Lot: 2,3
  • Tax Tract Number: 07329
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2013
Closed on
Jun 5, 2013
Sold by
Andersen Carl M and Andersen Wendy S
Bought by
Cobra 28 #6 Lp
Seller's Agent
Leticia Arciniega
Main Street Realty
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$149,900
Sold Price
$105,000
Premium/Discount to List
-$44,900
-29.95%
Current Estimated Value
$366,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,945
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Aug 2, 2002
Sold by
Booker Cathryn
Bought by
Davis Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2002
Sold by
Davis Jason
Bought by
Andersen Ii Carl M and Andersen Wendy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2000
Sold by
Mobley William Allen and Mobley Carol Lee
Bought by
Davis Jason

Purchase Details

Closed on
Sep 23, 1998
Sold by
Hud
Bought by
Mobley William and Mobley Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 1998
Sold by
Parkins Richard E
Bought by
Source One Mtg Services Corp

Purchase Details

Closed on
Jan 7, 1998
Sold by
Source One Mtg Services Corp
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cobra 28 #6 Lp $105,000 Orange Coast Title Co
Davis Jason -- Chicago Title Co
Andersen Ii Carl M $115,000 Chicago Title Co
Davis Jason $6,500 --
Mobley William $62,000 American Title
Source One Mtg Services Corp $43,402 Fidelity National Title Ins
Hud -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andersen Ii Carl M $92,000
Previous Owner Mobley William $62,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2013 06/18/13 Sold $105,000 -30.0% $54 / Sq Ft
06/03/2013 06/03/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $149,900 0.0% $77 / Sq Ft
01/13/2012 01/13/12 Rented $650 0.0% --
01/13/2012 01/13/12 Under Contract -- -- --
12/01/2011 12/01/11 For Rent $650 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,616 $129,287 $30,779 $98,508
2023 $1,616 $124,269 $29,585 $94,684
2022 $1,580 $121,833 $29,005 $92,828
2021 $1,556 $119,445 $28,437 $91,008
2020 $1,547 $118,221 $28,146 $90,075
2019 $1,520 $115,904 $27,595 $88,309
2018 $1,494 $113,632 $27,054 $86,578
2017 $1,465 $111,405 $26,524 $84,881
2016 $1,402 $109,221 $26,004 $83,217
2015 $1,385 $107,582 $25,614 $81,968
2014 $1,343 $105,476 $25,113 $80,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HM13033036

California Regional Multiple Listing Service (CRMLS)

APN: 437-031-016

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