NOT LISTED FOR SALE

130 San Luis St Needles, CA 92363

Estimated Value: $133,151 - $180,000

4 Beds
2 Baths
1,620 Sq Ft
$98/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $90,000 $56 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $956/month

38 Days on Market

About This Home

As of June 2020

Fantastic investment opportunity! Property consists of two units with all utilities separately metered. Meaning gas, water, trash, and electricity are the tenants responsibility. The two units are both two bedroom one bath spaces. Each unit has an attached garage and both units combine for a total of 1,620 square feet. There is a vacant lot to the right of the building that is included in the sale. This investment asset offers over 11% return. The units are currently rented for $575 and $550. Must see!

Last Agent to Sell the Property

Daniel Escutia

Esen Real Estate Services License #01875256 Listed on: 04/10/2020

Last Buyer's Agent

Kimberli Willis

River Sisters Realty License #02076177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,115

Year Built

  • Built in 1965

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,620 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 12 / 7
  • Tax Tract Number 2735
  • Assessor Parcel Number 0186212230000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $2,531
  • Gross Income $13,500
  • Net Operating Income $10,969

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,115

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • CapRate: 11.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0186212230000
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 55.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 12875.00
  • Lot Size Acres: 0.2956

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 13500.00
  • Gross Multiplier: 7.39
  • Gross Scheduled Income: 13500.00
  • Lot Size Area: 12875.0000 Square Feet
  • Net Operating Income: 10969.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2531.00
  • Rent Control: No
  • Total Expenses: 2531.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 107.00
  • Tax Lot: 12
  • Tax Tract Number: 2735

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
May 20, 2020
Sold by
Ignacio Escutia 401K Psp
Bought by
Smith Pamela A
Seller's Agent
Daniel Escutia
Esen Real Estate Services
Buyer's Agent
Kimberli Willis
River Sisters Realty
List Price
$99,888
Sold Price
$90,000
Premium/Discount to List
-$9,888
-9.9%
Current Estimated Value
$158,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,538
Avg. Annual Appreciation
11.46%

Purchase Details

Closed on
Mar 24, 2017
Sold by
Brown Quintin E
Bought by
Ignacio Escutia 401K Psp

Purchase Details

Closed on
Mar 11, 2005
Sold by
Brown Quintin E
Bought by
Daniel John J and Daniel Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,680
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Brown Agnes C
Bought by
Brown Quintin E

Purchase Details

Closed on
Jul 29, 2003
Sold by
Diggins Larry J
Bought by
Brown Quintin E and Brown Agnes C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,525
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Smith Pamela A $90,000 Orange Coast Title
Ignacio Escutia 401K Psp $48,924 None Available
Daniel John J -- --
Brown Quintin E -- --
Brown Quintin E $57,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daniel John J $19,680
Previous Owner Brown Quintin E $51,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $90,000 -9.9% $56 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
04/29/2020 04/29/20 For Sale $99,888 0.0% $62 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $99,888 -- $62 / 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 $1,115 $88,586 $19,685 $68,901
2024 $1,115 $86,849 $19,299 $67,550
2023 $1,244 $85,146 $18,921 $66,225
2022 $1,217 $83,476 $18,550 $64,926
2021 $1,200 $81,839 $18,186 $63,653
2020 $266 $96,569 $21,224 $75,345
2019 $1,398 $94,676 $20,808 $73,868
2018 $1,394 $92,820 $20,400 $72,420
2017 $1,521 $103,621 $9,420 $94,201
2016 $1,370 $101,589 $9,235 $92,354
2015 $1,305 $100,063 $9,096 $90,967
2014 $1,178 $98,103 $8,918 $89,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20072030

California Regional Multiple Listing Service (CRMLS)

APN: 0186-212-23