NOT LISTED FOR SALE

Estimated Value: $1,184,000 - $1,448,354

2 Beds
2 Baths
1,724 Sq Ft
$746/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $1,200,000 $696 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,307/month

12 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 3-minute walk to Windsor Mini Park

About This Home

As of September 2023

Charming Spanish duplex on large lot near the base of Adams Hills! Live in one and rent out the other for additional income. Owned by same family for decades, both units are well maintained and have almost identical floorplan featuring one bedroom and one bathroom. They each have their own laundry are as well. The rear of the building, you will find a covered community patio and a fruitful fig tree amongst others. At the end of the long driveway, there is a 2-car garage with a carriage house style door. Great opportunity for an owner user or an investor, especially with ADU potentials on this large flat lot. Both tenants are currently month to month.

Last Listed By

Artin Ghassemian

Berkshire Realty Inc. License #01344451 Listed on: 08/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,299

Year Built

  • Built in 1926

Lot Details

  • 8,559 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1482
  • Assessor Parcel Number 5679002005
  • $264 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $33,600
  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,299

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 524500
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5679002005
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 696.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8559.00
  • Lot Size Acres: 0.1965

Multi Family

  • Average1 Bed Area: 862 Square Feet
  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 8559.0000 Square Feet
  • Net Operating Income: 33600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 2800.00

Tax Info

  • Tax Census Tract: 3021.02
  • Tax Lot: 1
  • Tax Tract Number: 1482
  • TaxOtherAnnualAssessmentAmount: 264.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Azaryan Edgar and Khachatryan Lusine
Bought by
Else Properties Llc
Total Days on Market
12
Current Estimated Value
$1,286,089

Purchase Details

Listed on
Aug 11, 2023
Closed on
Sep 14, 2023
Sold by
Iezza Family Trust and Silvio
Bought by
Azaryan Edgar and Khachatryan Lusine
Seller's Agent
Artin Ghassemian
Berkshire Realty Inc.
Buyer's Agent
Nick Younanian
Excel Real Estate Services
List Price
$1,049,000
Sold Price
$1,200,000
Premium/Discount to List
$151,000
14.39%
Views
144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.49%
Original Mortgage
$900,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2004
Sold by
Iezza Sylvio
Bought by
Iezza Silvio and Silvio & Beverly Mae Iezza 1987 Revocabl

Purchase Details

Closed on
Jun 23, 2004
Sold by
Iezza Antonio
Bought by
Iezza Antonio and Iezza Family Trust

Purchase Details

Closed on
Jun 25, 2003
Sold by
Iezza Sam and Santillo Clara
Bought by
Iezza Sam

Range of Values:

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Average Value
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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
Else Properties Llc -- Lawyers Title
Azaryan Edgar $1,200,000 Chicago Title Company
Iezza Silvio -- --
Iezza Sam P -- --
Iezza Antonio -- --
Iezza Sam -- Ctc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Azaryan Edgar $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $1,200,000 0.0% $696 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/22/2023 08/22/23 Off Market $1,200,000 -- --
08/11/2023 08/11/23 For Sale $1,049,000 -- $608 / 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
2024 $13,299 $1,200,000 $840,000 $360,000
2023 $895 $57,713 $42,850 $14,863
2022 $878 $56,582 $42,010 $14,572
2021 $855 $55,474 $41,187 $14,287
2019 $828 $53,830 $39,966 $13,864
2018 $745 $52,776 $39,183 $13,593
2016 $691 $50,728 $37,662 $13,066
2015 $679 $49,967 $37,097 $12,870
2014 $691 $48,989 $36,371 $12,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23148080

California Regional Multiple Listing Service (CRMLS)

APN: 5679-002-005