NOT LISTED FOR SALE

Estimated Value: $1,387,000 - $1,737,000

9 Beds
5 Baths
4,770 Sq Ft
$336/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $975,000 $204 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $9,606/month

18 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Front Yard
  • Meadow Green Elementary School Rated A-
  • Laundry Room

About This Home

As of February 2016

Spacious 4,770 SQ FT property priced well below smaller recently sold & active comps in the area! This nicely upgraded 4-Plex was completely replumbed in copper around 2005/2006 & included a big new water heater. This Beautiful 4-plex has a Premium location on a quite street away from traffic near a wonderful East Whittier neighborhood with Prestigious North La Mirada less than a 1/3 of a mile & Orange Country less than a mile away. PLUS it's in the Lowell Joint School District, one of the Top District's in the area with a tradition of excellence! This type of 4-plex is commonly called a “Covington Style 4-plex," and it has an extremely functional configuration with a 3 BA/2 BA single story with no unit on top & built as an owners unit in the front with a fireplace, Patio & a two car enclosed garage making it similar to a single family home. The other three units are 2 BR/1BA (1 downstairs with no steps has a patio also & the other 2 are up), each with their own carport & room to park a second vehicle! Plus an on-site laundry room for the tenants use & additional source income. This combination of units gives the owner flexibility in locating tenants & vacancies are filled fast, because of the local residential neighborhoods and excellent school district.

Last Agent to Sell the Property

Bob Kurz

Re/Max Olympic License #00854160 Listed on: 12/20/2015

Re/Max Olympic

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,194 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • 3 Carport Spaces

Interior Spaces

  • 4,770 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 64
  • Tax Tract Number 24959
  • Assessor Parcel Number 8035018014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,770
  • Net Operating Income $62,915

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,194 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 8035018014
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 204.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8194.00
  • Price Per Lot Square Foot: 118.99
  • Lot Size Acres: 0.1880

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5770.00
  • Gross Scheduled Income: 62915.00
  • Lot Size Area: 8194.0000 Square Feet
  • Net Operating Income: 62915.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 5195.00

Tax Info

  • Tax Lot: 64
  • Tax Tract Number: 24959

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2019
Sold by
Stephens Mike
Bought by
Stephens Mike and The Stephens Family Trust
Current Estimated Value
$1,604,994

Purchase Details

Listed on
Dec 20, 2015
Closed on
Jan 7, 2016
Sold by
Kussman Amelia A
Bought by
Naddour Charles Leroy and The Charles Leroy Naddour Trust
Seller's Agent
Bob Kurz
Re/Max Olympic
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$950,000
Sold Price
$975,000
Premium/Discount to List
$25,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$682,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2011
Sold by
Kussman Amelia A and Kathryn A Mclarty Family Trust
Bought by
Kussman Amelia A and Kussman William

Purchase Details

Closed on
Feb 24, 2005
Sold by
Mclarty Kathryn A
Bought by
Mclarty Kathryn A and Kathryn A Mclarty Family Trust

Purchase Details

Closed on
Oct 3, 2002
Sold by
Perez Armando and Perez Martha
Bought by
Mclarty Kathryn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
4.82%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Anaya Ralph L and Anaya Marina U
Bought by
Perez Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,484
Interest Rate
7.54%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1995
Sold by
Anaya Ralph L and Anaya Marina U
Bought by
Anaya Living Trust
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

Date Buyer Sale Price Title Company
Stephens Mike -- None Available
Naddour Charles Leroy $975,000 Wfg National Title
Kussman Amelia A -- None Available
Mclarty Kathryn A -- --
Mclarty Kathryn A $510,000 Fidelity National Title Ins
Perez Armando $357,000 Fidelity Title
Anaya Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naddour Charles Leroy $682,500
Previous Owner Mclarty Kathryn A $383,200
Previous Owner Perez Armando $351,484
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2016 02/11/16 Sold $975,000 +2.6% $204 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
12/20/2015 12/20/15 For Sale $950,000 -- $199 / Sq Ft
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 $13,958 $1,154,196 $591,896 $562,300
2024 $13,958 $1,131,566 $580,291 $551,275
2023 $13,324 $1,109,379 $568,913 $540,466
2022 $13,203 $1,087,627 $557,758 $529,869
2021 $12,920 $1,066,302 $546,822 $519,480
2020 $12,895 $1,055,370 $541,216 $514,154
2019 $12,596 $1,034,677 $530,604 $504,073
2018 $11,952 $1,014,390 $520,200 $494,190
2016 $7,707 $623,957 $244,688 $379,269
2015 $7,419 $614,586 $241,013 $373,573
2014 $7,325 $602,548 $236,292 $366,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15264778

California Regional Multiple Listing Service (CRMLS)

APN: 8035-018-014

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