NOT LISTED FOR SALE

Estimated Value: $612,000 - $852,000

-- Bed
4 Baths
1,760 Sq Ft
$422/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $380,000 $216 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,526/month

6 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2014

Great opportunity for a 4 unit rental. Seperate detached 4 car garages. All units have a seperate kitchen and bath.

Last Agent to Sell the Property

Vito Scattaglia

Pinnacle Estate Properties, Inc. License #01293902 Listed on: 08/30/2014

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Vito Scattaglia

Pinnacle Estate Properties, Inc. License #01293902 Listed on: 08/30/2014

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,782

Year Built

  • Built in 1947

Lot Details

  • 6,731 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,760 Sq Ft Home
  • Property Attached

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • 4 Bathrooms
  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 5481
  • Assessor Parcel Number 2513024006

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $100
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,200
  • Gross Income $2,925
  • Net Operating Income $29,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,782

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 2513024006
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 215.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6731.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 440
  • Gross Income: 2925.00
  • Gross Scheduled Income: 35100.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6731.0000 Square Feet
  • Net Operating Income: 29600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 5225.00
  • Rent Control: Yes
  • Total Actual Rent: 2825.00

Tax Info

  • New Taxes Expense: 4200.00
  • Tax Lot: 19
  • Tax Tract Number: 5481
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2017
Sold by
Sallee Clinton J and The Sallee Family 2008 Revocab
Bought by
Sallee Clinton J and Sallee Kimberly M
Current Estimated Value
$742,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2014
Closed on
Sep 22, 2014
Sold by
Nasrallah Bader and Mendez Nasrallah Suzanna
Bought by
Sallee Clinton J and The Sallee Family 2008 Revocab
Seller's Agent
Vito Scattaglia
Pinnacle Estate Properties, Inc.
Buyer's Agent
Vito Scattaglia
Pinnacle Estate Properties, Inc.
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%

Purchase Details

Listed on
Oct 17, 2012
Closed on
Oct 19, 2012
Sold by
Elroy Richard James and Worden Pamela Elroy
Bought by
Nasrallah Bader and Mendez Nasrallah Suzanna
Seller's Agent
BrokerInTrust - Carnahan Family
BrokerInTrust Real Estate - Tom Carnahan
Buyer's Agent
Vito Scattaglia
Pinnacle Estate Properties, Inc.
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.12%
Original Mortgage
$225,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2012
Sold by
Elroy Richard James and Worden Pamela Elroy
Bought by
Elroy Richard James and Worden Pamela Elroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 1996
Sold by
Elroy Helen and Elroy Family Trust
Bought by
Payne Helen Elroy and Richard Elroy Residual Trust
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
Sallee Clinton J -- First American Title Company
Sallee Clinton J $380,000 First American Title Company
Nasrallah Bader $300,000 Equity Title
Elroy Richard James -- None Available
Payne Helen Elroy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sallee Family 2008 Revocable T $480,000
Closed Sallee Clinton J $50,000
Previous Owner Nasrallah Bader $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2014 10/01/14 Sold $380,000 -1.3% $216 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
08/30/2014 08/30/14 For Sale $385,000 +28.3% $219 / Sq Ft
12/17/2012 12/17/12 Sold $300,000 -- $170 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
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 $5,782 $456,694 $274,017 $182,677
2024 $5,782 $447,741 $268,645 $179,096
2023 $5,675 $438,963 $263,378 $175,585
2022 $5,420 $430,357 $258,214 $172,143
2021 $5,350 $421,919 $253,151 $168,768
2019 $5,196 $409,407 $245,644 $163,763
2018 $5,080 $401,380 $240,828 $160,552
2016 $4,847 $385,795 $231,477 $154,318
2015 $4,779 $380,000 $228,000 $152,000
2014 $3,952 $301,362 $150,681 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14187951

California Regional Multiple Listing Service (CRMLS)

APN: 2513-024-006