NOT LISTED FOR SALE

Estimated Value: $916,000 - $1,082,000

3 Beds
4 Baths
2,143 Sq Ft
$453/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $780,000 $364 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,203/month

75 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of July 2021

A great opportunity for investor or owner-use, upside potential, convenient location, easy access to FWY 60, Zoning-LCC2, The property is zoned commercial and the current use is a 4-unit residential, 2 buildings consist of 4 units, address as 1313, 1313-1/2, 1315, 1315-1/2, the front 2-story building has 2 units (approx 1075 sqft), the rear one-level building is a duplex (approx 1068 sqft), alley in rear. Property sold "AS IS". All information deemed reliable although not guaranteed. Drive by only, offer subject to inspection.

Last Agent to Sell the Property

Carrie Huang

IRN Realty License #01212041 Listed on: 03/19/2021

IRN Realty

Last Buyer's Agent

RAE ZHANG

RE/MAX CHAMPIONS License #02011752

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,053

Year Built

  • Built in 1955

Lot Details

  • 4,785 Sq Ft Lot
  • 1 Common Wall
  • Side Yard Sprinklers

Home Design

  • Quadruplex

Interior Spaces

  • 2,143 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 7685
  • Assessor Parcel Number 5275013013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $131
  • Fuel Expense $495
  • Gardener Expense $720
  • Insurance Expense $2,240
  • Maintenance Expense $3,208
  • Trash Expense $1,400
  • Water Sewer Expense $1,322
  • New Taxes Expense $8,736
  • Operating Expense $18,252
  • Gross Income $42,300
  • Net Operating Income $22,779

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,053

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Other Phone Description: 626-233-3876
  • Price Per Unit: 182000
  • Property Attached: Yes
  • Water Sewer Expenses: 1322.00
  • Zoning: LCC2*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5275013013
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 363.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers On Side
  • Lot Size Sq Ft: 4785.00
  • Lot Size Acres: 0.1098

Multi Family

  • Electric Expense: 131.00
  • Fuel Expense: 495.00
  • Gross Income: 42300.00
  • Gross Operating Income: 41031.00
  • Gross Scheduled Income: 42300.00
  • Insurance Expense: 2240.00
  • Lot Size Area: 4785.0000 Square Feet
  • Maintenance Expense: 3208.00
  • Net Operating Income: 22779.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18252.00
  • Rent Control: No
  • Total Actual Rent: 3525.00
  • Total Expenses: 18252.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8736.00
  • Tax Census Tract: 4825.22
  • Tax Lot: 50
  • Tax Tract Number: 7685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Jun 24, 2021
Sold by
Wei Benton J and Wei Angela H
Bought by
Chan Lily
Seller's Agent
Carrie Huang
IRN Realty
Buyer's Agent
RAE ZHANG
RE/MAX CHAMPIONS
List Price
$728,000
Sold Price
$780,000
Premium/Discount to List
$52,000
7.14%
Current Estimated Value
$971,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,354
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Nov 5, 2001
Sold by
Xu Ze Ren
Bought by
Wei Angela H

Purchase Details

Closed on
Dec 31, 1997
Sold by
Lopez Marlene K Tr Lopez Trust
Bought by
Benton J C and Xu Ze Ren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Chan Lily $780,000 Chicago Title Company
Wei Angela H $42,500 --
Benton J C $189,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benton J C $105,770
Previous Owner Benton J C $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $780,000 +7.1% $364 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $728,000 -6.7% $340 / Sq Ft
03/30/2021 03/30/21 Off Market $780,000 -- --
03/19/2021 03/19/21 For Sale $728,000 -- $340 / 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 $11,053 $827,741 $610,194 $217,547
2024 $11,053 $811,512 $598,230 $213,282
2023 $10,716 $795,600 $586,500 $209,100
2022 $10,400 $780,000 $575,000 $205,000
2021 $4,467 $278,643 $163,740 $114,903
2020 $4,439 $275,787 $162,062 $113,725
2019 $4,318 $270,381 $158,885 $111,496
2018 $4,348 $265,080 $155,770 $109,310
2017 $4,110 $259,883 $152,716 $107,167
2016 $4,016 $254,788 $149,722 $105,066
2015 $3,799 $250,962 $147,474 $103,488
2014 $3,742 $246,047 $144,586 $101,461
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21057590

California Regional Multiple Listing Service (CRMLS)

APN: 5275-013-013