NOT LISTED FOR SALE

128 E 1st St Unit 1 Buttonwillow, CA 93206

Estimated Value: $191,000 - $258,000

5 Beds
3 Baths
2,640 Sq Ft
$83/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $180,000 $68 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,451/month

70 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Wall Furnace
  • Park
  • Wood Fence
  • 1-Story Property

About This Home

As of February 2022

Great investment opportunity to acquire a 2 unit property with a great lot size. The property consists of (1) 2 bedroom and 1 bath and (1) 3bedroom and 2 bath units. All units are fully leased to long term tenants who are on a month to month tenancy. Each unit has its own gas meter and electricity meter. Tenants pay gas, electricity and trash. Gated entry and ample parking for all tenants. Low maintenance and plenty of upside. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Brian Lazo

BHB Capital License #01778248 Listed on: 12/03/2021

Last Buyer's Agent

ALAN CRUZ

Signature Real Estate, Inc License #01518829

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 10,670 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,640 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Gravel Driveway
  • Paved Parking

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 31 / 10
  • Tax Tract Number 37
  • Assessor Parcel Number 10115017000
  • $727 per year additional tax assessments

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $864
  • New Taxes Expense $2,375
  • Operating Expense $4,139
  • Gross Income $16,800
  • Net Operating Income $13,736

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 864.00
  • Zoning: C-2
  • Property Type: Residential Income
  • Parcel Number: 10115017000
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 68.18
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Gravel

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10670.00
  • Lot Size Acres: 0.2449

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 16800.00
  • Gross Operating Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 10670.0000 Square Feet
  • Net Operating Income: 13736.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3064.00
  • Rent Control: No
  • Total Actual Rent: 1390.00
  • Total Expenses: 4139.00

Tax Info

  • New Taxes Expense: 2375.00
  • Tax Block: 10
  • Tax Census Tract: 37.00
  • Tax Lot: 31
  • Tax Tract Number: 37.00
  • TaxOtherAnnualAssessmentAmount: 727.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Mederos Jose T and Mederos Alicia
Bought by
Moreno Yahir
Current Estimated Value
$219,000

Purchase Details

Closed on
Mar 22, 2024
Sold by
Ramirez Colin Jose Luis
Bought by
Mederos Jose T and Mederos Alicia

Purchase Details

Closed on
Jun 16, 2022
Sold by
Linares Clara M
Bought by
Colin Jose Luis Ramirez

Purchase Details

Listed on
Dec 3, 2021
Closed on
Feb 17, 2022
Sold by
Brian Lazo
Bought by
Linares Clara M
Seller's Agent
Brian Lazo
BHB Capital
Buyer's Agent
ALAN CRUZ
Signature Real Estate, Inc
List Price
$190,000
Sold Price
$180,000
Premium/Discount to List
-$10,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%
Original Mortgage
$180,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2014
Sold by
Lazo Rodrigo and Lazo Myrian
Bought by
Lazo Brian

Purchase Details

Closed on
Feb 5, 2014
Sold by
Pan American Bank
Bought by
Lazo Rodrigo and Lazo Myrian

Purchase Details

Closed on
Oct 22, 2013
Sold by
Gutierrez Cecilio and Munoz Norma A
Bought by
Pan American Bank

Purchase Details

Closed on
Sep 24, 2007
Sold by
Ghilarducci Flora M
Bought by
Gutierrez Cecilio and Munoz Norma A

Purchase Details

Closed on
May 2, 2007
Sold by
Ghilarducci Flora M
Bought by
Ghilarducci Flora and The Leo M Ghilarducci Family Bypass Tr

Purchase Details

Closed on
Mar 29, 2005
Sold by
Ghilarducci Arthur T and Garibaldi Joan S
Bought by
Gutierrez Cecilio and Munoz Norma A

Purchase Details

Closed on
Jul 8, 1997
Sold by
Ghilarducci Leo M and Ghilarducci Flora
Bought by
Ghilarducci Leo M and Ghilarducci Flora
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
Moreno Yahir $185,000 Stewart Title
Mederos Jose T $185,000 Stewart Title
Colin Jose Luis Ramirez -- --
Linares Clara M $180,000 Lawyers Title
Linares Clara M -- Lawyers Title
Lazo Brian -- Accommodation
Lazo Rodrigo $56,000 North American Title
Pan American Bank $138,480 Accommodation
Gutierrez Cecilio -- None Available
Ghilarducci Flora -- None Available
Gutierrez Cecilio $70,000 Stewart Title
Ghilarducci Leo M -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linares Clara M $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $180,000 -5.3% $68 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $190,000 0.0% $72 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $190,000 0.0% $72 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $190,000 -- $72 / 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 $3,589 $188,700 $29,580 $159,120
2024 $3,589 $183,600 $38,760 $144,840
2023 $3,272 $180,000 $38,000 $142,000
2022 $1,720 $64,681 $34,651 $30,030
2021 $1,577 $63,414 $33,972 $29,442
2020 $1,577 $62,765 $33,624 $29,141
2019 $1,410 $62,765 $33,624 $29,141
2018 $1,331 $60,329 $32,319 $28,010
2017 $1,323 $59,147 $31,686 $27,461
2016 $1,278 $57,988 $31,065 $26,923
2015 $1,265 $57,118 $30,599 $26,519
2014 $1,400 $71,000 $25,000 $46,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21259128

California Regional Multiple Listing Service (CRMLS)

APN: 101-150-17-00-0