NOT LISTED FOR SALE

Estimated Value: $602,000 - $973,946

2 Beds
3 Baths
1,569 Sq Ft
$498/Sq Ft Est. Value

Last Sold April 24, 2019

Last sale price $524,000 $334 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,694/month

21 Days on Market

Highlights

  • Bonus Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Granite Countertops
  • Double Pane Windows
  • Laundry Room

About This Home

As of April 2019

Beautiful Victorian style Craftsman residential income property. 2 units, each 1 bedroom with bonus room that tenants are utilizing as a second bedroom. With additional 3rd unit generating additional income. Each 1 Bed unit is partially furnished & all inclusive in sale. Studio is fully furnished including towels and sheets. (except dinette set) If you are looking for a positive cash flow this property is a good one. Each unit has long term tenants with leases expiring this year. Great property with greater income potential. DRIVE BY ONLY- PLEASE DO NOT DISTURB ANY TENANTS. DO NOT WALK PROPERTY. No showings or visits without accepted offer. All offers will be considered and presented, motivated seller.

Last Agent to Sell the Property

Brian Droze

BPO HOMES INC. License #01955257 Listed on: 02/09/2019

Last Buyer's Agent

Marlene Scott-Dixon

DIXON REALTY License #01155495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,225

Year Built

  • Built in 1916

Lot Details

  • 6,726 Sq Ft Lot
  • Lot Dimensions are 134x50
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,569 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Double Pane Windows
  • Bonus Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Auto Driveway Gate

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 231
  • Tax Tract Number 3987
  • Assessor Parcel Number 6003028003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $692
  • Water Sewer Expense $648
  • New Taxes Expense $4,046
  • Operating Expense $6,287
  • Gross Income $49,200
  • Net Operating Income $42,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,225

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Washer/Dryer, Stove/Oven, Microwave Ovens. Refrigerators, Desk, Coffee Table, China cabinet
  • Property Attached: Yes
  • Water Sewer Expenses: 648.00
  • Zoning: LAR2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6003028003
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Granite Counters, Partially Furnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 333.97
  • Room Type: All Bedrooms Down, Bonus Room
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size: 134x50
  • Lot Size Sq Ft: 6726.00
  • Lot Size Acres: 0.1544

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 1569 Square Feet
  • Gross Income: 49200.00
  • Gross Operating Income: 49200.00
  • Gross Scheduled Income: 4098.00
  • Insurance Expense: 692.00
  • Lot Size Area: 6726.0000 Square Feet
  • Net Operating Income: 42913.00
  • 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: 6286.00
  • Rent Control: Yes
  • Total Expenses: 6287.00

Tax Info

  • New Taxes Expense: 4046.00
  • Tax Census Tract: 2372.01
  • Tax Lot: 231
  • Tax Tract Number: 3987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2019
Closed on
Mar 6, 2019
Sold by
Parson Mike and Torabi Mahmoud
Bought by
Dixon Cherise
Seller's Agent
Brian Droze
BPO HOMES INC.
Buyer's Agent
Marlene Scott-Dixon
DIXON REALTY
List Price
$549,000
Sold Price
$524,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$781,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,737
Avg. Annual Appreciation
6.34%
Original Mortgage
$419,200
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2013
Closed on
May 13, 2013
Sold by
Skyline Vista Equities Llc
Bought by
Torabi Mahmoud
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
JAVIER RAMIREZ
RE/MAX INNOVATIONS
List Price
$269,900
Sold Price
$274,000
Premium/Discount to List
$4,100
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$269,027
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2012
Sold by
Sampson Eartha Lee
Bought by
Skyline Vista Equities Llc

Purchase Details

Closed on
Dec 21, 2007
Sold by
Sampson Eartha Lee
Bought by
Sampson Eartha Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2007
Sold by
Sampson Eartha Lee
Bought by
Sampson Eartha Lee
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
Dixon Cherise $524,000 First American Title
Torabi Mahmoud $274,000 Title 365
Skyline Vista Equities Llc $176,000 Accommodation
Sampson Eartha Lee -- Accommodation
Sampson Eartha Lee -- Ticor Title
Sampson Eartha Lee -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dixon Cherise $419,200
Previous Owner Torabi Mahmoud $269,027
Previous Owner Sampson Eartha Lee $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2019 04/24/19 Sold $524,000 -4.6% $334 / Sq Ft
03/02/2019 03/02/19 Pending -- -- --
02/09/2019 02/09/19 For Sale $549,000 +100.4% $350 / Sq Ft
06/25/2013 06/25/13 Sold $274,000 +1.5% $175 / Sq Ft View Prior Sale
05/09/2013 05/09/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $269,900 -- $172 / 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 $7,225 $584,526 $361,425 $223,101
2024 $7,225 $573,066 $354,339 $218,727
2023 $7,092 $561,831 $347,392 $214,439
2022 $6,772 $550,816 $340,581 $210,235
2021 $6,684 $540,016 $333,903 $206,113
2020 $6,750 $534,480 $330,480 $204,000
2019 $2,386 $324,544 $253,896 $70,648
2018 $4,046 $318,181 $248,918 $69,263
2016 $3,862 $305,827 $239,253 $66,574
2015 $3,808 $301,234 $235,660 $65,574
2014 $3,835 $295,334 $231,044 $64,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19031168

California Regional Multiple Listing Service (CRMLS)

APN: 6003-028-003