NOT LISTED FOR SALE

Estimated Value: $821,000 - $888,000

4 Beds
2 Baths
1,800 Sq Ft
$468/Sq Ft Est. Value

Last Sold December 24, 2019

Last sale price $475,000 $264 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,186/month

48 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Partially Fenced Property
  • Heating System Uses Natural Gas

About This Home

As of December 2019

Great Investment opportunity! 2 units on 1 lot. Both units 2 bed/1bath. Each unit includes a one car garage with laundry hook ups. Minutes to freeway, shopping, schools, rodeo and casinos. Neighborhoods: Lakeside Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 12849 Unit # for Unit 2: 12851 Number of Furnished Units: 0

Last Agent to Sell the Property

Nicolas Bermudez

MTM Property Management &Real License #01441217 Listed on: 08/27/2019

Last Buyer's Agent

Ron Schoonover

Compass License #01266611

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 6,665

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Community Details

  • 2 Units
  • Net Operating Income $25,848

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 3944903900

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Subdivision Name Other: Lakeside
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 3944903900
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 34200.00
  • Net Operating Income: 25848.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 1
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
Naemi Cristina and Shamon Stewart
Bought by
Castro Carlos and Lopez Jaqueline Alcala
Current Estimated Value
$842,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,950
Outstanding Balance
$603,735
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$238,625

Purchase Details

Closed on
Oct 21, 2019
Sold by
Shamon Diana
Bought by
Shamon Stewart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2014
Sold by
Schultz Joann and Schultz Jo Ann
Bought by
Schultz Joann

Purchase Details

Closed on
Mar 3, 2010
Sold by
Hartnett Sharon M
Bought by
Schultz Jo Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,500
Interest Rate
5.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Castro Carlos $650,000 Ticor Title Sd Branch
Shamon Stewart -- First American Title Company
Naemi Cristina $475,000 First American Title Company
Schultz Joann -- None Available
Schultz Jo Ann $214,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Carlos $664,950
Previous Owner Shamon Stewart $403,750
Previous Owner Schultz Jo Ann $160,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2019 12/24/19 Sold $475,000 -4.0% $264 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $495,000 -- $275 / 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 $9,269 $689,784 $445,707 $244,077
2024 $9,269 $676,260 $436,968 $239,292
2023 $8,926 $663,000 $428,400 $234,600
2022 $8,753 $650,000 $420,000 $230,000
2021 $6,773 $479,920 $131,975 $347,945
2020 $6,642 $475,000 $130,622 $344,378
2019 $3,931 $247,624 $68,095 $179,529
2018 $3,813 $242,769 $66,760 $176,009
2017 $822 $238,009 $65,451 $172,558
2016 $3,565 $233,343 $64,168 $169,175
2015 $3,536 $229,839 $63,205 $166,634
2014 $3,391 $225,337 $61,967 $163,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190048364

California Regional Multiple Listing Service (CRMLS)

APN: 394-490-39