$1,140,000
SOLD DEC 28, 2018
6 Beds
4 Baths
3,745 Sq Ft
6,815 Sq Ft Lot

Recently Sold

$304 Per Sq Ft

14% Below List Price

115 Days on Market

Highlights

  • Property is near public transit
  • Living Room
  • Turnkey
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Block Wall Fence

About This Home

As of December 2018

This is a great opportunity to get into the income property market. These units were built from the ground up in 1985. There are four units total, three of which are upstairs, each with private entrances, that are 2 bedroom, 1 bath. The fourth unit is downstairs, in front, and it has 2 bedrooms, 2 baths. All of the units come with a window AC, wall heater, dishwasher, and free standing range. The units share a convenient and clean laundry room with coin-op laundry machines. Every unit has it's own 2-car garage plus one uncovered parking space on the driveway. All units are occupied by long term tenants. Do not disturb occupants or walk the property, drive by only.

Last Agent to Sell the Property

Christine Kennedy

Compass License #01761323 Listed on: 07/23/2018

Compass

Last Buyer's Agent

Paul Purunjian

Purunjian Inc. License #01417303

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,470

Year Built

  • Built in 1985

Lot Details

  • 6,815 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 8 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,745 Sq Ft Home
  • Living Room

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Assessor Parcel Number 8142003060

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Fuel Expense $1,056
  • Gardener Expense $720
  • Insurance Expense $1,114
  • Professional Management Expense $3,144
  • Trash Expense $864
  • Water Sewer Expense $2,892
  • Operating Expense $10,282
  • Gross Income $52,318
  • Net Operating Income $52,118

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,470

Year Built

Built in 1985

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3144.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2892.00
  • Zoning: WHR4*
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8142003060
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 304.41
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage Faces Front
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 864.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit
  • Lot Size Sq Ft: 6815.00
  • Lot Size Acres: 0.1565

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 396.00
  • Fuel Expense: 1056.00
  • Gross Income: 52318.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1114.00
  • Laundry Income: 200.00
  • Lot Size Area: 6815.0000 Square Feet
  • Net Operating Income: 52118.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 10282.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 10282.00

Tax Info

  • Tax Census Tract: 5016.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2021
Sold by
Alfaro Ralph and Perez Tania Maureen
Bought by
Alfaro Ralph and Perez Tanisa Maureen
Current Estimated Value
$1,495,078

Purchase Details

Listed on
Jul 23, 2018
Closed on
Dec 21, 2018
Sold by
Kennedy Terrence W and Kennedy Pamela J
Bought by
Alfaro Ralph and Perez Tania Maureen
Seller's Agent
Christine Kennedy
Compass
Buyer's Agent
Paul Purunjian
Purunjian Inc.
List Price
$1,325,000
Sold Price
$1,140,000
Premium/Discount to List
-$185,000
-13.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$734,000
Outstanding Balance
$650,444
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$844,634
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,140,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $734,000 New Conventional
Previous Owner $210,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Rented $2,400 0.0% --
11/07/2020 11/07/20 For Rent $2,400 +4.3% --
10/24/2019 10/24/19 Rented $2,300 0.0% --
09/24/2019 09/24/19 Price Changed $2,300 +4.5% $1 / Sq Ft
09/16/2019 09/16/19 Price Changed $2,200 -12.0% $1 / Sq Ft
09/06/2019 09/06/19 For Rent $2,500 0.0% --
12/28/2018 12/28/18 Sold $1,140,000 -8.8% $304 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
11/07/2018 11/07/18 Price Changed $1,250,000 -5.7% $334 / Sq Ft
07/16/2018 07/16/18 For Sale $1,325,000 -- $354 / 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 $15,470 $1,271,687 $713,931 $557,756
2024 $15,470 $1,246,753 $699,933 $546,820
2023 $15,192 $1,222,308 $686,209 $536,099
2022 $14,883 $1,198,342 $672,754 $525,588
2021 $14,531 $1,174,846 $659,563 $515,283
2020 $14,361 $1,162,800 $652,800 $510,000
2019 $14,396 $1,140,000 $640,000 $500,000
2018 $6,535 $450,403 $124,934 $325,469
2016 $6,302 $432,916 $120,084 $312,832
2015 $6,201 $426,414 $118,281 $308,133
2014 $6,044 $418,063 $115,965 $302,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18176695

California Regional Multiple Listing Service (CRMLS)

APN: 8142-003-060