NOT LISTED FOR SALE
6 Beds
6 Baths
5,420 Sq Ft
1.94 Acre Lot

Sale Details

Date Sold: December 1, 2021

Last sale price $985,000 $182 Per Sq Ft

157 Days on Market

About This Home

As of December 2021

Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Project consists of 4 existing units (100% Occ.) on 1.938 acres with an approved CUP (55+) to build another 28 units. OR you can add 12 more (non age restricted) units. Full value upon completion is between $5.5M - $6M depending upon rental market at time of completion. Permits, soils test, and grading plans are already paid for. Great 1031 exchange project to carry out through completion. Inquire for marketing package and plans.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 05/21/2021

Last Buyer's Agent

VU HA

ASIAMERICA REAL ESTATE CO. License #01383661

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 1.94 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,420 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 48
  • Tax Tract Number 1234
  • Assessor Parcel Number 0318163440000

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Pest Control $1,200
  • Trash Expense $1,800
  • Water Sewer Expense $2,400
  • New Taxes Expense $15,860
  • Operating Expense $24,860
  • Gross Income $4,890
  • Net Operating Income $30,886

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

1.94 Acres

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0318163440000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 181.73

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 84420.00
  • Lot Size Acres: 1.9380
  • Latitude Manual: 34.02413900

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 1300 Square Feet
  • Gross Income: 4890.00
  • Gross Operating Income: 55746.00
  • Gross Scheduled Income: 58680.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 84420.0000 Square Feet
  • Net Operating Income: 30886.00
  • 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
  • Operating Expense: 24860.00
  • Operating Expense Percent: 42.00
  • Rent Control: Yes
  • Total Actual Rent: 4890.00
  • Total Expenses: 24860.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15860.00
  • Tax Census Tract: 87.04
  • Tax Lot: 48
  • Tax Tract Number: 1234

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2024
Sold by
Long Kim Lam & Ha Tien Thi Ha Trust and Lam Long
Bought by

Purchase Details

Closed on
Dec 14, 2023
Sold by
Lam Long Kim
Bought by
Ha Ha Tien Thi Tien Thi

Purchase Details

Closed on
Sep 30, 2023
Sold by
Lam Long Kim and Ha Tien Thi Tien
Bought by
Long Kim Lam & Ha Tien Thi Ha Trust and Lam

Purchase Details

Listed on
May 21, 2021
Closed on
Oct 30, 2021
Sold by
Ferguson James A and Ferguson Paula J
Bought by
Lam Long Kim and Ha Tien Thi Tien
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
VU HA
ASIAMERICA REAL ESTATE CO.
List Price
$1,225,000
Sold Price
$985,000
Premium/Discount to List
-$240,000
-19.59%

Purchase Details

Closed on
May 9, 2019
Sold by
Ferguson James A and Ferguson Puala J
Bought by
James And Paula Ferguson Living Trust

Purchase Details

Closed on
Mar 26, 2001
Sold by
Ferguson Lorraine V
Bought by
Ferguson James A and Ferguson Paula J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Ha Ha Tien Thi Tien Thi -- None Listed On Document
Lam Ha Living Trust -- None Listed On Document
Ha Ha Tien Thi Tien Thi -- None Listed On Document
Long Kim Lam & Ha Tien Thi Ha Trust -- None Listed On Document
Lam Long Kim $985,000 Stewart Title Of Ca Inc
James And Paula Ferguson Living Trust -- None Available
Ferguson James A -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $985,000 -10.0% $182 / Sq Ft
07/14/2021 07/14/21 Price Changed $1,095,000 -10.6% $202 / Sq Ft
05/21/2021 05/21/21 For Sale $1,225,000 -- $226 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,351 $1,155,239 $361,599 $793,640
2025 $13,351 $1,132,587 $354,509 $778,078
2024 $11,968 $1,024,794 $312,120 $712,674
2023 $11,921 $1,004,700 $306,000 $698,700
2022 $4,218 $985,000 $300,000 $685,000
2021 $4,168 $334,104 $97,448 $236,656
2020 $4,376 $330,678 $96,449 $234,229
2019 $4,100 $324,194 $94,558 $229,636
2018 $4,006 $317,837 $92,704 $225,133
2017 $3,922 $311,605 $90,886 $220,719
2016 $3,872 $305,495 $89,104 $216,391
2015 $5,125 $300,907 $87,766 $213,141
2014 $5,033 $295,013 $86,047 $208,966
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21109292

California Regional Multiple Listing Service (CRMLS)

APN: 0318-163-44

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