NOT LISTED FOR SALE

Estimated Value: $1,313,000 - $1,510,944

10 Beds
6 Baths
3,228 Sq Ft
$435/Sq Ft Est. Value

Last Sold June 19, 2014

Last sale price $800,000 $248 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $8,282/month

46 Days on Market

About This Home

As of June 2014

Three Houses on one large lot! This triplex features a 2 bedroom, 1 bath in the front unit, the middle unit is a 3 bedroom, 2 bath and the back unit is a 5 bedroom, 3 bath home, freshly painted with an exceptionally huge yard. All 3 units have their own garage and yard.
Please drive by only, do not walk on property. All offers to be written subject to inspection.

Last Agent to Sell the Property

Joanne Kootsikas

Joanne Kootsikas, Broker License #01245744 Listed on: 02/20/2014

Last Buyer's Agent

Elmer Brizuela

United Executives Group License #01503191

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.56 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,228 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 13468
  • Assessor Parcel Number 8168021010

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $4,800
  • Gross Income $5,750
  • Net Operating Income $49,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 8168021010
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 247.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 24335.00
  • Lot Size Acres: 0.5590

Multi Family

  • Gross Income: 5750.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 24335.0000 Square Feet
  • Net Operating Income: 49680.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19320.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Actual Rent: 5750.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 13468
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2014
Closed on
Jun 12, 2014
Sold by
Nerja Investments Llc
Bought by
Pina Joseph and Pina Maria Del Carmen
Seller's Agent
Joanne Kootsikas
Joanne Kootsikas, Broker
Buyer's Agent
Elmer Brizuela
United Executives Group
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Current Estimated Value
$1,402,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,736
Avg. Annual Appreciation
4.95%
Original Mortgage
$686,812
Outstanding Balance
$523,385
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$879,351

Purchase Details

Listed on
Oct 1, 2013
Closed on
Dec 5, 2013
Sold by
Prior Frank E
Bought by
Nerja Investments Llc
Seller's Agent
Joanne Kootsikas
Joanne Kootsikas, Broker
Buyer's Agent
VIKI TRAGOS
RE/MAX CHAMPIONS
Sold Price
$2,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2013
Sold by
Leon Martin R and Leon Nancy Le
Bought by
Prior Frank E

Purchase Details

Closed on
Apr 18, 2001
Sold by
Williams Gregory and Williams Loretta
Bought by
Leon Martin R and Leon Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
7.14%
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
Pina Joseph $800,000 Lawyers Title
Nerja Investments Llc $640,000 Lawyers Title Company
Prior Frank E $632,000 None Available
Leon Martin R $360,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pina Joseph $686,812
Previous Owner Nerja Investments Llc $400,000
Previous Owner Leon Martin R $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2014 06/19/14 Sold $800,000 -11.0% $248 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $899,000 0.0% $279 / Sq Ft
11/01/2013 11/01/13 Rented $2,300 0.0% --
10/20/2013 10/20/13 Under Contract -- -- --
10/01/2013 10/01/13 For Rent $2,300 -- --
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 $11,972 $980,678 $392,269 $588,409
2024 $11,972 $961,450 $384,578 $576,872
2023 $11,727 $942,599 $377,038 $565,561
2022 $11,511 $924,118 $369,646 $554,472
2021 $11,259 $905,999 $362,399 $543,600
2020 $11,051 $896,711 $358,684 $538,027
2019 $10,942 $879,129 $351,651 $527,478
2018 $10,565 $861,892 $344,756 $517,136
2016 $10,002 $828,426 $331,370 $497,056
2015 $10,207 $815,983 $326,393 $489,590
2014 $8,164 $632,000 $450,000 $182,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14035857

California Regional Multiple Listing Service (CRMLS)

APN: 8168-021-010