$720,000
SOLD MAR 1, 2017
8 Beds
6 Baths
3,800 Sq Ft
7,210 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

16% Below List Price

157 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Ceiling Fan
  • Double Pane Windows
  • 4 Attached Carport Spaces

About This Home

As of September 2018

Preferred 4-plex comprised of four large townhome style units each with 2BR, 1.5BA, and each with its own private patio. Units B + C have additional grassy areas in front. Clean and well-maintained with newer dual pane vinyl windows and sliders, kitchen hoods and cook tops, and updated BA fixtures and counter tops. Newer ceiling fans in all units. Shared community laundry on site. Value in four covered parking spaces plus two additional spaces. Ideally located close to nearby schools plus walking distance to The Plaza on Sixth Street Shopping Center and additional shops and services.

Last Agent to Sell the Property

Stacy McCullough

Berkshire Hathaway HomeService License #01250385 Listed on: 09/03/2016

Berkshire Hathaway HomeService

Last Buyer's Agent

Gregg Steinmetz

Platinum Financial Services License #01356744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,665

Year Built

  • Built in 1962

Lot Details

  • 7,210 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 3,800 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, telephone
  • Tax Lot 3
  • Tax Tract Number 2857
  • Assessor Parcel Number 110050003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,500
  • Water Sewer Expense $2,760
  • Operating Expense $6,370
  • Gross Income $50,280
  • Net Operating Income $43,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,665

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2760.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 110050003
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 189.47
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Covered, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7210.00
  • Price Per Lot Square Foot: 117.75

Rental Info

  • Tenant Pays: Electricity, Telephone

Multi Family

  • Gross Income: 50280.00
  • Gross Scheduled Income: 50280.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 43910.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 6370.00
  • Rent Control: No
  • Total Actual Rent: 4190.00
  • Total Expenses: 6370.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 2857

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Sep 12, 2018
Sold by
Steinmetz Gregg
Bought by
Yip Jonal Chingping
Seller's Agent
Gabriel Arambula
Broker Groves, Inc
Buyer's Agent
Emil Yip
List Price
$785,000
Sold Price
$790,000
Premium/Discount to List
$5,000
0.64%
Current Estimated Value
$1,219,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,875
Avg. Annual Appreciation
6.41%

Purchase Details

Listed on
Aug 13, 2018
Closed on
Aug 21, 2018
Sold by
Steinmetz Gregg Douglas
Bought by
Steinmetz Gregg
Seller's Agent
Gabriel Arambula
Broker Groves, Inc
Buyer's Agent
Emil Yip
List Price
$785,000
Sold Price
$790,000
Premium/Discount to List
$5,000
0.64%

Purchase Details

Closed on
May 10, 2018
Sold by
Steinmetz Gregg
Bought by
Steinmetz Gregg Douglas

Purchase Details

Listed on
Sep 3, 2016
Closed on
Feb 28, 2017
Sold by
Harold Timothy M
Bought by
Steinmetz Gregg
Seller's Agent
Stacy McCullough
Berkshire Hathaway HomeService
Buyer's Agent
Gregg Steinmetz
Platinum Financial Services
List Price
$854,000
Sold Price
$720,000
Premium/Discount to List
-$134,000
-15.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Interest Rate
4.16%

Purchase Details

Closed on
Jul 27, 2015
Sold by
Harold Timothy Michael and Harold Debi Jo
Bought by
Harold Family Trust

Purchase Details

Closed on
Jan 3, 2013
Sold by
Olivas Philip and Olivas Virginia
Bought by
Harold Timothy Michael and Harold Debi Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2007
Sold by
Lee Won and Lee Heather M
Bought by
Olivas Philip and Olivas Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
6.14%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 26, 2000
Sold by
Lee Won
Bought by
Lee Won and Lee Kwang Ja

Purchase Details

Closed on
Jul 7, 2000
Sold by
Lee Heather M
Bought by
Lee Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
8.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2000
Sold by
Lujan Ferrero
Bought by
Lee Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
8.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 1998
Sold by
Darr Edward B and Darr Jill A
Bought by
Ferrero Lujan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,238
Interest Rate
6.77%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1997
Sold by
Darr Edward B and Darr Jill A
Bought by
Darr Edward B and Darr Jill A

Purchase Details

Closed on
Oct 29, 1996
Sold by
Darr Edward B
Bought by
Darr Edward B and Darr Jill A

Purchase Details

Closed on
Aug 23, 1996
Sold by
Darr Jill
Bought by
Darr Edward B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,100
Interest Rate
8.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 30, 1996
Sold by
Federal National Mortgage Association
Bought by
Darr Edward B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,100
Interest Rate
8.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 12, 1996
Sold by
Ansari Mobin and Ansari Yasmeen
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,100
Interest Rate
8.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 6, 1990
Sold by
Masood Mohammad
Bought by
Ansari Mobin and Ansari Yasmeen
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 Type Sale Price Title Company
Grant Deed $790,000 Pacific Coast Title Company
Interfamily Deed Transfer -- Pacific Coast Title Company
Interfamily Deed Transfer -- Accommodation
Deed -- --
Interfamily Deed Transfer -- None Available
Grant Deed $520,000 Landwood Title
Grant Deed $660,000 Commerce Title
Interfamily Deed Transfer -- Commerce Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $235,000 Fidelity National Title
Grant Deed $182,500 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- United Title Company
Interfamily Deed Transfer -- Continental Lawyers Title Co
Grant Deed $102,500 Continental Lawyers Title Co
Trustee Deed $189,182 North American Title Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $536,500 Commercial
Previous Owner -- No Value Available
Previous Owner $295,000 Commercial
Previous Owner $528,000 Negative Amortization
Previous Owner $100,000 Credit Line Revolving
Previous Owner $475,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $188,000 Commercial
Previous Owner $181,238 FHA
Previous Owner $122,500 Commercial
Previous Owner $99,100 Seller Take Back
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2018 09/13/18 Sold $790,000 +0.6% $203 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $785,000 +9.0% $201 / Sq Ft
03/01/2017 03/01/17 Sold $720,000 -2.7% $189 / Sq Ft
01/18/2017 01/18/17 Price Changed $740,000 -7.3% $195 / Sq Ft
09/23/2016 09/23/16 Price Changed $798,000 -6.6% $210 / Sq Ft
09/03/2016 09/03/16 For Sale $854,000 +64.2% $225 / Sq Ft
03/22/2013 03/22/13 Sold $520,000 -1.9% $137 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $530,000 -- $139 / 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 $9,665 $881,255 $211,946 $669,309
2023 $9,665 $847,037 $203,717 $643,320
2022 $9,360 $830,429 $199,723 $630,706
2021 $9,175 $814,147 $195,807 $618,340
2020 $9,074 $805,800 $193,800 $612,000
2019 $8,864 $790,000 $190,000 $600,000
2018 $8,220 $734,400 $153,000 $581,400
2017 $6,163 $551,736 $97,614 $454,122
2016 $6,103 $540,918 $95,700 $445,218
2015 $5,970 $532,795 $94,263 $438,532
2014 $5,752 $522,360 $92,417 $429,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16195076

California Regional Multiple Listing Service (CRMLS)

APN: 110-050-003