$195,000
SOLD JAN 29, 2016
4 Beds
2 Baths
1,800 Sq Ft
8,380 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

5% Below List Price

1 Day on Market

About This Home

As of January 2016

2 buildings, Duplex and Single Family all on one lot. There are three separate addresses as follows, 1387 W Victoria, 635 Pico and 637 Pico. 1387 Victoria and 637 Pico are a duplex under one roof, one bedroom each. 635 Pico is a 3 bedroom free standing house completely stripped down to the studs. This is an as-is sale, needs work.

Last Agent to Sell the Property

Dennis Davis

DENNIS DAVIS REAL ESTATE License #00594285 Listed on: 12/14/2015

Last Buyer's Agent

Dennis Davis

DENNIS DAVIS REAL ESTATE License #00594285 Listed on: 12/14/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,990

Year Built

  • Built in 1928

Lot Details

  • 8,380 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 1,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Utilities

  • Evaporated cooling system

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 43
  • Assessor Parcel Number 0138043020000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $500
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,600
  • Gross Income $2,700
  • Net Operating Income $22,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,990

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 0138043020000
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 108.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8380.00
  • Price Per Lot Square Foot: 23.27
  • Lot Size Acres: 0.1920

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8380.0000 Square Feet
  • Net Operating Income: 22700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9700.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Lot: 17
  • Tax Tract Number: 43.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2023
Sold by
Fuentes Jeannette
Bought by
Fuentes Christian and Fuentes Jeannette
Current Estimated Value
$394,581

Purchase Details

Listed on
Dec 14, 2015
Closed on
Jan 29, 2016
Sold by
Fuentes Christian
Bought by
Fuentes Jeannette
Seller's Agent
Dennis Davis
DENNIS DAVIS REAL ESTATE
Buyer's Agent
Dennis Davis
DENNIS DAVIS REAL ESTATE
List Price
$205,000
Sold Price
$195,000
Premium/Discount to List
-$10,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$75,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2015
Closed on
Dec 22, 2015
Sold by
Gutierrez Gilbert
Bought by
Fuentes Jeannette
Seller's Agent
Dennis Davis
DENNIS DAVIS REAL ESTATE
Buyer's Agent
Dennis Davis
DENNIS DAVIS REAL ESTATE
List Price
$205,000
Sold Price
$195,000
Premium/Discount to List
-$10,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Gift Deed -- First American Title
Interfamily Deed Transfer -- First American Title Company
Grant Deed $195,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,170,000 Construction
Previous Owner $75,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2016 06/01/16 Rented $800 0.0% --
05/23/2016 05/23/16 For Rent $800 0.0% --
01/29/2016 01/29/16 Sold $195,000 -4.9% $108 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
12/14/2015 12/14/15 For Sale $205,000 -- $114 / 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 $2,990 $230,840 $71,027 $159,813
2024 $2,990 $226,313 $69,634 $156,679
2023 $2,915 $221,876 $68,269 $153,607
2022 $2,919 $217,525 $66,930 $150,595
2021 $2,924 $213,260 $65,618 $147,642
2020 $2,930 $211,073 $64,945 $146,128
2019 $2,844 $206,935 $63,672 $143,263
2018 $2,812 $202,878 $62,424 $140,454
2017 $2,726 $198,900 $61,200 $137,700
2016 $1,039 $69,321 $13,977 $55,344
2015 $908 $68,280 $13,767 $54,513
2014 $375 $28,164 $3,977 $24,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15261956

California Regional Multiple Listing Service (CRMLS)

APN: 0138-043-02