NOT LISTED FOR SALE

Estimated Value: $1,099,000 - $1,273,000

8 Beds
4 Baths
2,776 Sq Ft
$419/Sq Ft Est. Value

Last Sold July 19, 2018

Last sale price $720,000 $259 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,180/month

64 Days on Market

Highlights

  • 14,987 Sq Ft lot
  • Private Yard
  • Laundry Room

About This Home

As of July 2018

Income producing 4 plex located in Sylmar. Large 15,000 sq ft lot. $ separate House each with their own gas and electric meter. Separate 4 car garage 1 garage for each unit

Last Agent to Sell the Property

Steve Rangel

MRM & Associates, REALTORS License #01356820 Listed on: 03/19/2018

Co-Listed By

Maria McGloin

MRM & Associates, REALTORS License #01970433

Last Buyer's Agent

Dan Sanchez

Engel & Völkers Burbank License #01258134

Engel & Völkers Burbank

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,115

Year Built

  • Built in 1927

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 2,776 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 006
  • Tax Tract Number 31
  • Assessor Parcel Number 2506031006

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,200
  • Water Sewer Expense $6,000
  • New Taxes Expense $7,999
  • Operating Expense $17,100
  • Gross Income $55,500
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,115

Year Built

Built in 1927

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 6000.00
  • Zoning: LAR1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2506031006
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 259.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 14987.00

Multi Family

  • Gross Income: 55500.00
  • Gross Scheduled Income: 55500.00
  • Insurance Expense: 3200.00
  • Net Operating Income: 49500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6000.00
  • Rent Control: Yes
  • Total Expenses: 17100.00

Tax Info

  • New Taxes Expense: 7999.00
  • Tax Census Tract: 1070.20
  • Tax Lot: 006
  • Tax Tract Number: 031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2023
Sold by
Salvador And Alicia Sanchez Revocable Tr
Bought by
Salvador And Alicia Sanchez Revocable Trust
Current Estimated Value
$1,163,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jun 9, 2018
Sold by
Rangel Steven and Mcgloin Maria
Bought by
Sanchez Salvador and Sanchez Alicia
Seller's Agent
Steve Rangel
MRM & Associates, REALTORS
Buyer's Agent
Dan Sanchez
Engel & Völkers Burbank
List Price
$799,000
Sold Price
$720,000
Premium/Discount to List
-$79,000
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$424,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jun 8, 2018
Sold by
Rangel Raul
Bought by
Rangel Steven and Mcgloin Maria
Seller's Agent
Steve Rangel
MRM & Associates, REALTORS
Buyer's Agent
Dan Sanchez
Engel & Völkers Burbank
List Price
$799,000
Sold Price
$720,000
Premium/Discount to List
-$79,000
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2018
Sold by
Rangel Raul
Bought by
Rangel Steven and Mcgloin Maria

Purchase Details

Closed on
Dec 19, 2002
Sold by
Rangel Odilla G
Bought by
Rangel Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,600
Interest Rate
5.86%

Purchase Details

Closed on
Dec 6, 2002
Sold by
Zonshine Donald and Zonshine Dixie
Bought by
Rangel Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,600
Interest Rate
5.86%

Purchase Details

Closed on
Sep 18, 1997
Sold by
Trust Tanner Howard And Shirley Trs Tann
Bought by
Tanner Howard and Tanner Shirley

Purchase Details

Closed on
Jun 4, 1997
Sold by
Zonshine Dixie and Zonshine Donald
Bought by
Zonshine Donald and Zonshine Dixie
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
Salvador And Alicia Sanchez Revocable Trust -- Wfg National Title
Sanchez Salvador $720,000 Westminster Title Company In
Rangel Steven -- Accommodation
Rangel Steven -- Westminster Title Co
Rangel Raul -- Southland Title
Rangel Raul $379,500 Southland Title
Tanner Howard -- First American
Zonshine Donald -- --
Zonshine Donald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salvador And Alicia Sanchez Revocable Trust $392,000
Previous Owner Sanchez Salvador $424,000
Previous Owner Rangel Raul $356,900
Previous Owner Rangel Raul $303,600
Closed Rangel Raul $37,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2018 07/19/18 Sold $720,000 -9.9% $259 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
03/22/2018 03/22/18 For Sale $799,000 +11.0% $288 / Sq Ft
03/19/2018 03/19/18 Off Market $720,000 -- --
03/19/2018 03/19/18 For Sale $799,000 -- $288 / 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 $10,115 $803,168 $479,670 $323,498
2024 $10,115 $787,420 $470,265 $317,155
2023 $9,927 $771,982 $461,045 $310,937
2022 $9,482 $756,846 $452,005 $304,841
2021 $9,359 $742,007 $443,143 $298,864
2020 $9,449 $734,400 $438,600 $295,800
2019 $9,090 $720,000 $430,000 $290,000
2018 $6,253 $483,047 $279,392 $203,655
2016 $5,963 $464,292 $268,544 $195,748
2015 $5,881 $457,319 $264,511 $192,808
2014 $5,928 $448,362 $259,330 $189,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18063295

California Regional Multiple Listing Service (CRMLS)

APN: 2506-031-006