NOT LISTED FOR SALE

Estimated Value: $1,020,000 - $1,405,000

10 Beds
5 Baths
3,921 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 10, 2017

Last sale price $795,000 $203 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,688/month

65 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • Back Yard
  • Tile Flooring

About This Home

As of January 2017

GREAT INVESTMENT OPPORTUNITY!!! Property was total rehabbed inside and outside with full permit 2 years ago. 3 out of 4 units are totally updated with new doors, windows, laminate and tile flooring, tiled bathroom and new updated kitchen. Unit 1 is fully updated 1 bed/ 1 bath, currently rented $1,000/month. Unit 2 is partially updated with 3 beds/ 1 bath, currently rented at $750/month. Unit 3 is fully updated with 3 beds/ 2 baths, currently rented at $1900/month. Unit 4 is fully updated with 3 beds/ 1 bath, currently rented at $1750/ month. All units have large bedrooms and good size closet. All tenants are great long term tenants with month to month contracts. Property has secured fenced, community back yards, carports and parking space in front of building. Seller is out of the area and is motivated to sell.

Last Agent to Sell the Property

Nina Nguyen

L.S. Gateway Realtors License #01854316 Listed on: 08/17/2016

Last Buyer's Agent

Art Acosta

THE ASSOCIATES REALTY GROUP License #01112492

THE ASSOCIATES REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,411

Year Built

  • Built in 1965

Lot Details

  • 5,898 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 3,921 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 116
  • Assessor Parcel Number 6033001004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Pest Control $600
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,000
  • Gross Income $5,400
  • Net Operating Income $51,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,411

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6033001004
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 202.75

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Pest Control Expense: 600.00
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5898.00
  • Price Per Lot Square Foot: 144.12

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 51400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13400.00
  • Rent Control: Yes
  • Total Actual Rent: 5400.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2020
Sold by
Carranza Marco
Bought by
Carranza Marco and Carranza Sarah
Current Estimated Value
$1,236,434

Purchase Details

Closed on
Nov 4, 2016
Sold by
Ma Houston
Bought by
Carranza Marco and Carranza Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,145
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 9, 2013
Sold by
Oduntan Olubunmi A
Bought by
Ma Houston

Purchase Details

Closed on
Dec 6, 2007
Sold by
Oduntan Olubunmi
Bought by
Oduntan Olubunmi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2005
Sold by
Oduntan Folake Bosede
Bought by
Oduntan Olubunmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2005
Sold by
Walker Norman L
Bought by
Oduntan Olubunmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2003
Sold by
Walker Angela M
Bought by
Walker Norman L and Walker Angela M

Purchase Details

Closed on
Mar 2, 1998
Sold by
Hoyt Henry J
Bought by
Manson Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,352
Interest Rate
6.99%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Carranza Marco -- None Available
Carranza Marco $795,000 Fidelity National Title
Ma Houston $462,000 Western Resources Title Co
Oduntan Olubunmi A -- Fidelity National Title Co
Oduntan Olubunmi -- Lawyers Title Company
Oduntan Olubunmi $300,000 Lawyers Title Company
Walker Norman L -- --
Manson Angela M $182,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carranza Marco $660,000
Previous Owner Carranza Marco $706,145
Previous Owner Oduntan Olubunmi A $675,000
Previous Owner Oduntan Olubunmi A $12,955
Previous Owner Oduntan Olubunmi $540,000
Previous Owner Manson Angela M $264,724
Previous Owner Manson Angela M $243,400
Previous Owner Manson Angela M $232,000
Previous Owner Manson Angela M $177,352
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2017 01/10/17 Sold $795,000 -1.9% $203 / Sq Ft
10/23/2016 10/23/16 Price Changed $810,000 -4.7% $207 / Sq Ft
08/17/2016 08/17/16 For Sale $850,000 -- $217 / 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 $11,411 $922,659 $696,348 $226,311
2024 $11,411 $904,569 $682,695 $221,874
2023 $11,200 $886,833 $669,309 $217,524
2022 $10,693 $869,445 $656,186 $213,259
2021 $10,544 $852,398 $643,320 $209,078
2020 $10,647 $843,659 $636,724 $206,935
2019 $10,235 $827,118 $624,240 $202,878
2018 $10,139 $810,900 $612,000 $198,900
2016 $6,083 $478,416 $383,147 $95,269
2015 $5,999 $471,230 $377,392 $93,838
2014 $6,044 $462,000 $370,000 $92,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16182486

California Regional Multiple Listing Service (CRMLS)

APN: 6033-001-004