NOT LISTED FOR SALE

Estimated Value: $1,517,000 - $1,827,296

5 Beds
4 Baths
2,436 Sq Ft
$672/Sq Ft Est. Value

Last Sold March 08, 2013

Last sale price $778,000 $319 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $9,790/month

19 Days on Market

About This Home

As of March 2013

DUE TO OVERWHELMING RESPONSE PRICE HAS BEEN INCREASED!!! MULTIPLE ABOVE PRICE OFFERS!!! DON'T HESITATE!!! INCREDIBLE OPPORTUNITY!!! OUTSTANDING LOCATION!!! PRICED BELOW MARKET VALUE!!! 3 units on over-sized lot. Zoning has been updated to C1. Current use is residential triplex which consists of (1) 3 bedroom, 2 bath and (2) 1 bedroom, 1 bath units. Current tenants are on month to month agreement. Property is located adjacent to Gabrielino High School. This property has a 20 foot set back in front and 80 FEET OF FRONTAGE as well as a large parking area in back. The possibilities for improvement and expansion are endless.

Last Agent to Sell the Property

Karen Ulloa

REDFIN CORPORATION License #01395066 Listed on: 01/18/2013

REDFIN CORPORATION

Co-Listed By

Pierre Maajoun

RE/MAX MASTERS REALTY License #01860061

RE/MAX MASTERS REALTY

Last Buyer's Agent

Pierre Maajoun

RE/MAX MASTERS REALTY License #01860061

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,353

Year Built

  • Built in 1939

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • 2,436 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 10698
  • Assessor Parcel Number 5372005068

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $2,100
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,738
  • Gross Income $4,000
  • Net Operating Income $33,962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,353

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.90
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5372005068
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 319.38

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown
  • Trash Expense: 2100.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 11745.00
  • Lot Size Acres: 0.2700

Multi Family

  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11745.0000 Square Feet
  • Net Operating Income: 33962.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14038.00
  • Rent Control: No
  • Total Actual Rent: 3188.00

Tax Info

  • New Taxes Expense: 8738.00
  • Tax Lot: 2
  • Tax Tract Number: 10698
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2013
Closed on
Feb 7, 2013
Sold by
Cappuccio Louis A
Bought by
1308 San Gabriel Llc
Seller's Agent
Karen Ulloa
REDFIN CORPORATION
Buyer's Agent
Pierre Maajoun
RE/MAX MASTERS REALTY
List Price
$699,000
Sold Price
$778,000
Premium/Discount to List
$79,000
11.3%
Current Estimated Value
$1,636,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$858,574
Avg. Annual Appreciation
5.98%
Original Mortgage
$600,000
Interest Rate
3.54%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 18, 2010
Sold by
Cappuccio Louis A
Bought by
Cappuccio Louis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2002
Sold by
Cappuccio Emma and The Cappuccio Family Trust
Bought by
Cappuccio Louis A

Purchase Details

Closed on
Jun 10, 1998
Sold by
Cappuccio Emma
Bought by
Cappuccio Emma and The Cappuccio Family Trust
Source: Public Records

Range of Values:

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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
1308 San Gabriel Llc $778,000 Usa National Title
Cappuccio Louis A -- Calcounties Title Nation
Cappuccio Louis A -- --
Cappuccio Emma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cappuccio Louis A $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $778,000 +11.3% $319 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
01/18/2013 01/18/13 For Sale $699,000 -- $287 / 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 $13,353 $958,040 $576,303 $381,737
2024 $13,353 $939,255 $565,003 $374,252
2023 $13,387 $920,839 $553,925 $366,914
2022 $12,952 $902,784 $543,064 $359,720
2021 $12,803 $885,083 $532,416 $352,667
2020 $12,554 $876,008 $526,957 $349,051
2019 $12,584 $858,832 $516,625 $342,207
2018 $12,040 $841,994 $506,496 $335,498
2016 $11,478 $809,300 $486,829 $322,471
2015 $11,479 $797,145 $479,517 $317,628
2014 $11,230 $781,531 $470,124 $311,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13007102

California Regional Multiple Listing Service (CRMLS)

APN: 5372-005-068