NOT LISTED FOR SALE

Estimated Value: $574,000 - $976,440

4 Beds
2 Baths
1,966 Sq Ft
$380/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2018

Last sale price $412,000 $210 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,411 / mo

3 Days on Market

About This Home

As of September 2018

Beautifully well maintained duplex. Each home is comprised of 2 bedrooms and 1 bathroom. Close to USC. Two separate homes. One home is a 2 bedroom 1 bath 1,050 SF. The other is a 2 bedroom 1 bath 916 SF. Each home has parking in front behind the security gate. The back unit has been remodeled

Last Agent to Sell the Property

Ken Ishiki

Lyon Stahl Investment Real Estate License #01438720 Listed on: 08/20/2018

Lyon Stahl Investment Real Estate

Last Buyer's Agent

Tony Cisneros

Berkshire Hathaway H.S.C.P. License #01076531

Berkshire Hathaway H.S.C.P.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 6,252 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 7 Parking Spaces

Home Design

  • 1,966 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 4
  • Assessor Parcel Number 5128002036

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $689
  • Water Sewer Expense $1,663
  • New Taxes Expense $4,939
  • Operating Expense $8,026
  • Gross Income $31,693
  • Net Operating Income $23,667

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

6,252 Sq Ft Lot

Listing Details

  • CapRate: 5.30
  • Property Attached: No
  • Water Sewer Expenses: 1663.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5128002036
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 209.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 6252.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 31693.00
  • Gross Multiplier: 14.10
  • Gross Scheduled Income: 31693.00
  • Insurance Expense: 689.00
  • Net Operating Income: 23667.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8026.00
  • Rent Control: Yes
  • Total Actual Rent: 2641.13
  • Total Expenses: 8026.00

Tax Info

  • New Taxes Expense: 4939.00
  • Tax Census Tract: 2246.00
  • Tax Lot: 38
  • Tax Tract Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Sep 19, 2018
Sold by
Bellaire Re Holdings Llc
Bought by
Ramos Marcos and Ramos Maribel
Seller's Agent
Ken Ishiki
Lyon Stahl Investment Real Estate
Buyer's Agent
Tony Cisneros
Berkshire Hathaway H.S.C.P.
List Price
$449,000
Sold Price
$412,000
Premium/Discount to List
-$37,000
-8.24%
Current Estimated Value
$746,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,610
Avg. Annual Appreciation
8.18%
Original Mortgage
$404,537
Outstanding Balance
$354,822
Interest Rate
4.87%
Mortgage Type
FHA
Estimated Equity
$391,788

Purchase Details

Closed on
Feb 28, 2011
Sold by
Flores Tomasa
Bought by
Bellaire Re Holdings Llc

Purchase Details

Closed on
Mar 28, 2002
Sold by
Flores Lorenzo
Bought by
Flores Tomasa
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
Ramos Marcos $412,000 Orange Coast Title Company
Bellaire Re Holdings Llc -- None Available
Flores Tomasa -- None Available
Flores Tomasa -- Chicago Title
Propert Flores Tomasa -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Marcos $404,537
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2018 09/26/18 Sold $412,000 -8.2% $210 / Sq Ft
08/20/2018 08/20/18 For Sale $449,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,761 $459,590 $356,964 $102,626
2024 $5,761 $450,579 $349,965 $100,614
2023 $5,654 $441,745 $343,103 $98,642
2022 $5,397 $433,084 $336,376 $96,708
2021 $5,324 $424,593 $329,781 $94,812
2020 $5,374 $420,240 $326,400 $93,840
2019 $5,169 $412,000 $320,000 $92,000
2018 $588 $27,311 $15,919 $11,392
2017 $577 $26,776 $15,607 $11,169
2016 $541 $26,251 $15,301 $10,950
2015 $536 $25,858 $15,072 $10,786
2014 $553 $25,352 $14,777 $10,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18197031

California Regional Multiple Listing Service (CRMLS)

APN: 5128-002-036

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