NOT LISTED FOR SALE

Estimated Value: $868,000 - $1,337,000

10 Beds
6 Baths
3,600 Sq Ft
$311/Sq Ft Est. Value

Last Sold December 11, 2018

Last sale price $800,000 $222 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,889/month

9 Days on Market

About This Home

As of December 2018

WE ARE PLEASED TO ANNOUNCE THIS GREAT OPPORTUNITY ACQUIRED THIS NEW CONSTRUCTION BUILD 2017. THIS DUPLEX CONSIST OF 5 BEDROOMS AND 3 BATHROOMS EACH.. THIS PROPERTY IS COLLECTING $7000 MONTHLY RENTS, $2,000 LAUNDRY/ DRYER AND A GROSS SCHEDULE INCOME OF $84,000. THE ANNUAL GROSS MULTIPLER OF 10.17 AND A CAP RATE OF 8%.. THIS IS AN AMAZING BUSINESS OPPORTUNITY..
LET'S GET IT SOLD.

Last Agent to Sell the Property

Juan Beltran

Big Block Powerhouse Realty License #01802418 Listed on: 10/11/2018

Last Buyer's Agent

Sreehari Kommalapati

FIRST FEDERAL BANCORP License #01927996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,167

Year Built

  • Built in 2017

Lot Details

  • 5,565 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 5745
  • Assessor Parcel Number 6063017014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $15,400
  • Gross Income $84,000
  • Net Operating Income $66,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,167

Year Built

Built in 2017

Lot Details

0

Parking

2

Listing Details

  • CapRate: 8.00
  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6063017014
  • Year Built: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 222.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5565.00
  • Lot Size Acres: 0.1278

Multi Family

  • Gross Income: 84000.00
  • Gross Multiplier: 10.30
  • Gross Scheduled Income: 84000.00
  • Laundry Income: 2400.00
  • Lot Size Area: 5565.0000 Square Feet
  • Net Operating Income: 66800.00
  • 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: 15400.00
  • Rent Control: No
  • Total Expenses: 15400.00
  • Vacancy Allowance: 4200
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 2411.10
  • Tax Lot: 15
  • Tax Tract Number: 5745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2018
Closed on
Nov 30, 2018
Sold by
Sugosh Raghava
Bought by
Shubha Raghavasugosh
Seller's Agent
Juan Beltran
Big Block Powerhouse Realty
Buyer's Agent
Sreehari Kommalapati
FIRST FEDERAL BANCORP
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Current Estimated Value
$1,118,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,265
Avg. Annual Appreciation
5.34%
Original Mortgage
$600,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2018
Closed on
Oct 22, 2018
Sold by
Valdez Octavio C and Valdez Lorena
Bought by
Kandoori Radhika and Swarna Kalpana
Seller's Agent
Juan Beltran
Big Block Powerhouse Realty
Buyer's Agent
Sreehari Kommalapati
FIRST FEDERAL BANCORP
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2017
Sold by
Obsidian Development Llc
Bought by
Valdez Octavio C and Valdez Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 9, 2016
Sold by
Jefferson Cheryl L
Bought by
Obsidian Development Llc
Seller's Agent
ANDY CLEAVES
REAL BROKER
Buyer's Agent
ANDY CLEAVES
REAL BROKER
List Price
$320,000
Sold Price
$275,000
Premium/Discount to List
-$45,000
-14.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.60%
Original Mortgage
$235,000
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Ingram Willie Herbert
Bought by
Jefferson Cheryl L
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
Shubha Raghavasugosh -- Lawyers Title Company
Swarna Kalpana -- Lawyers Title Company
Kandoori Radhika -- Lawyers Title Company
Kandoori Radhika $800,000 Lawyers Title Company
Valdez Octavio C $770,000 Orange Coast Title
Obsidian Development Llc $275,000 None Available
Jefferson Cheryl L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kandgori Radhika $588,884
Closed Swarna Kalpana $600,000
Previous Owner Kandoori Radhika $600,000
Previous Owner Valdez Octavio C $616,000
Previous Owner Obsid --
Previous Owner Obsidian Development Llc $235,000
Previous Owner Jefferson Cheryl L $20,000
Previous Owner Ingram Willie Herbert $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2018 12/11/18 Sold $800,000 -8.6% $222 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $875,000 +218.2% $243 / Sq Ft
12/12/2016 12/12/16 Sold $275,000 -14.1% $302 / Sq Ft
12/06/2016 12/06/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $320,000 0.0% $352 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
11/12/2016 11/12/16 For Sale $320,000 +16.4% $352 / Sq Ft
11/08/2016 11/08/16 Off Market $275,000 -- --
11/07/2016 11/07/16 For Sale $320,000 +16.4% $352 / Sq Ft
10/07/2016 10/07/16 Off Market $275,000 -- --
09/14/2016 09/14/16 For Sale $320,000 -- $352 / 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 $11,167 $892,410 $390,429 $501,981
2024 $11,167 $874,913 $382,774 $492,139
2023 $10,956 $857,759 $375,269 $482,490
2022 $10,457 $840,941 $367,911 $473,030
2021 $10,315 $824,453 $360,698 $463,755
2020 $10,414 $816,000 $357,000 $459,000
2019 $10,009 $800,000 $350,000 $450,000
2018 $9,762 $770,000 $420,000 $350,000
2016 $1,762 $120,135 $60,291 $59,844
2015 $1,736 $118,332 $59,386 $58,946
2014 $1,745 $116,015 $58,223 $57,792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18247782

California Regional Multiple Listing Service (CRMLS)

APN: 6063-017-014