NOT LISTED FOR SALE

Estimated Value: $845,000 - $886,000

4 Beds
4 Baths
2 Sq Ft
$436,000/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $499,000 $249,500 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,530/month

Highlights

  • Laundry Room
  • Wall Furnace
  • 1-Story Property
  • Level Lot

About This Home

As of November 2017

Great opportunity to live in one and rent the other three units, or simply rent them all as an investment with generous rents. Gross rents currently do not reflect rental income from vacant unit. All units currently rented minus one for your personal use if purchasing owner occupied. Accepting First Time Buyers with FHA Offers for with good down payment.

Last Agent to Sell the Property

SALVADOR ARMIJO

CARNAVAL REALTY License #01278864 Listed on: 11/08/2017

Last Buyer's Agent

Martin Muoto

Sola Realtors License #01922869

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,625

Year Built

  • Built in 1930

Lot Details

  • 5,643 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Property Attached

Interior Spaces

  • 2 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 76
  • Tax Tract Number 5294
  • Assessor Parcel Number 6063016045

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Water Sewer Expense $1,320
  • New Taxes Expense $6,237
  • Operating Expense $8,807
  • Gross Income $2,700
  • Net Operating Income $3,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,625

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1320.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6063016045
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5643.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 2700.00
  • Insurance Expense: 1250.00
  • Net Operating Income: 3189.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 761.00
  • Rent Control: Yes
  • Total Actual Rent: 2700.00
  • Total Expenses: 8807.00

Tax Info

  • New Taxes Expense: 6237.00
  • Tax Census Tract: 2405.00
  • Tax Lot: 76
  • Tax Tract Number: 5294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2017
Closed on
Nov 22, 2017
Sold by
Hernandez Nestor Pineda
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
SALVADOR ARMIJO
CARNAVAL REALTY
Buyer's Agent
Martin Muoto
Sola Realtors
List Price
$499,000
Sold Price
$499,000
Total Days on Market
0
Current Estimated Value
$872,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,000
Avg. Annual Appreciation
7.71%

Purchase Details

Closed on
Feb 25, 2016
Sold by
Hernandez Nestor O Pineda
Bought by
Hernandez Nestor Pineda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2013
Sold by
Garcia Raul
Bought by
Hernandez Nestor O Pineda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,987
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2007
Sold by
Aguilar Yadira
Bought by
Garcia Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,311
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Scott Tommy
Bought by
Garcia Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Brooks David Gregory
Bought by
Brooks Sally and Shuttleton Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,600
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2004
Sold by
Shuttleton Sally
Bought by
Scott Tommy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,600
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2003
Sold by
Finzi David B
Bought by
Shuttleton Sally

Purchase Details

Closed on
Feb 21, 2003
Sold by
Finzi David B
Bought by
Eastman Edgar K

Purchase Details

Closed on
Sep 10, 1998
Sold by
Downey S & L Assn Fa
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 8, 1997
Sold by
Phillips Michael
Bought by
Downey S & L Assn Fa

Purchase Details

Closed on
Jun 9, 1997
Sold by
Phillips Michael
Bought by
Cooksey Eric

Purchase Details

Closed on
Jun 3, 1996
Sold by
Alford Jimmie Lee
Bought by
Phillips Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
2.82%

Purchase Details

Closed on
Oct 30, 1995
Sold by
Cole Byron M
Bought by
Alford Jimmie Lee

Purchase Details

Closed on
Feb 3, 1995
Sold by
Marshall Ronald
Bought by
Cole Byron M and The Cole Trust

Purchase Details

Closed on
Jan 11, 1995
Sold by
Marshall Ronald
Bought by
Great Western Bank
Source: Public Records

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Range of Values:

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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
Sola Impact Fund Ii Lp $499,000 Fidelity National Title Co
Hernandez Nestor Pineda -- Old Republic Title Company
Hernandez Nestor O Pineda $300,000 Old Republic Title Company
Garcia Raul -- Ticor Title Tustin Orange Co
Garcia Raul $350,000 Lawyers Title Company
Garcia Raul -- Lawyers Title Company
Brooks Sally -- Investors Title Company
Scott Tommy $268,000 Investors Title Company
Shuttleton Sally $32,669 --
Eastman Edgar K -- --
Finzi David B $105,000 Chicago Title Co
Downey S & L Assn Fa $139,962 Lawyers Title Company
Cooksey Eric -- --
Phillips Michael $190,000 --
Alford Jimmie Lee -- --
Cole Byron M $21,908 --
Great Western Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sola Impact Fund Ii Lp $810,000
Open Sola Impact Fund Ii Lp $1,350,000
Closed Sola Impact Fund Ii Lp $480,000
Closed Sola Impact Fund Ii Lp $843,000
Closed Soia Impact Fund Ii Lp $374,250
Previous Owner Hernandez Nestor Pineda $296,100
Previous Owner Pineda Hernandez Nestor O $287,353
Previous Owner Hernandez Nestor O Pineda $289,987
Previous Owner Garcia Raul $91,900
Previous Owner Garcia Raul $472,311
Previous Owner Garcia Raul $118,325
Previous Owner Garcia Raul $245,000
Previous Owner Scott Tommy $254,600
Previous Owner Finzi David B $10,699
Previous Owner Finzi David B $0
Previous Owner Finzi David B $180,000
Previous Owner Finzi David B $20,000
Previous Owner Finzi David B $130,000
Previous Owner Phillips Michael $171,000
Closed Garcia Raul $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $499,000 0.0% $249,500 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $499,000 +66.3% $249,500 / Sq Ft
02/12/2014 02/12/14 Sold $300,000 +11.1% $142 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $270,000 -- $128 / 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
2024 $7,625 $556,639 $334,654 $221,985
2023 $7,486 $545,726 $328,093 $217,633
2022 $7,162 $535,026 $321,660 $213,366
2021 $7,068 $524,536 $315,353 $209,183
2019 $6,865 $508,980 $306,000 $202,980
2018 $6,733 $499,000 $300,000 $199,000
2017 $4,446 $316,871 $205,967 $110,904
2016 $4,325 $310,659 $201,929 $108,730
2015 $4,258 $305,993 $198,896 $107,097
2014 $4,282 $300,000 $195,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17255409

California Regional Multiple Listing Service (CRMLS)

APN: 6063-016-045