NOT LISTED FOR SALE

Estimated Value: $1,079,000 - $1,152,000

4 Beds
4 Baths
2,363 Sq Ft
$471/Sq Ft Est. Value

Last Sold December 05, 2012

Last sale price $440,000 $186 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $6,694/month

17 Days on Market

Highlights

  • Carpet
  • California High School Rated A-
  • No Heating

About This Home

As of December 2012

Great income property located walking distance to schools, shopping and entertainment. 2 bedroom/1 bath house in the front, rear building has 2 units with 2 bedrooms/1 bath and one studio.

Last Agent to Sell the Property

Luchi Balcazar

Berkshire Hathaway HomeServices California Properties License #01475084 Listed on: 10/01/2012

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Ron Ridout

Century 21 Cornerstone License #00987800

Last Buyer's Agent

Merita Rama

Century 21 Cornerstone License #01297882

Century 21 Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,610

Year Built

  • Built in 1951

Lot Details

  • 5,924

Home Design

  • Stucco

Interior Spaces

  • 2,363 Sq Ft Home
  • Carpet

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11406
  • Assessor Parcel Number 8031004011

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,400
  • Maintenance Expense $600
  • Trash Expense $1,600
  • Water Sewer Expense $1,600
  • New Taxes Expense $5,900
  • Gross Income $4,500
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,610

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.05
  • View: No
  • Water Sewer Expenses: 1600.00
  • Property Type: Residential Income
  • Parcel Number: 8031004011
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Price Per Square Foot: 186.20

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 4500.00
  • Gross Multiplier: 8.80
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 2400.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 43000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 11000.00

Tax Info

  • New Taxes Expense: 5900.00
  • Tax Lot: 2
  • Tax Tract Number: 11406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2012
Closed on
Nov 5, 2012
Sold by
Bank Of America Na
Bought by
Gupa Mandhir and Gupta Seema
Seller's Agent
Luchi Balcazar
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Merita Rama
Century 21 Cornerstone
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Current Estimated Value
$1,112,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$672,333
Avg. Annual Appreciation
7.56%
Original Mortgage
$308,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2011
Sold by
Jochim Ann and Jochim Randel
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Mar 17, 2006
Sold by
Jochim Randel
Bought by
Jochim Randel and Jochim Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 12, 2003
Sold by
Jochim Ann
Bought by
Jochim Randal

Purchase Details

Closed on
Mar 5, 2003
Sold by
Masada Jimmy M and Masada Camillia
Bought by
Jochim Randel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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
Gupa Mandhir $440,000 Landsafe Title Of California
Bac Home Loans Servicing Lp $351,000 None Available
Jochim Randel -- Accommodation
Jochim Randal -- Fidelity
Jochim Randel $365,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Mandhir $267,300
Closed Gupa Mandhir $308,000
Previous Owner Jochim Randal $64,640
Previous Owner Jochim Randel $455,000
Previous Owner Jochim Randel $292,000
Closed Jochim Randel $36,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2012 12/05/12 Sold $440,000 -7.4% $186 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $475,000 -- $201 / 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 $7,610 $541,814 $270,907 $270,907
2024 $7,610 $531,192 $265,596 $265,596
2023 $7,052 $520,778 $260,389 $260,389
2022 $7,096 $510,568 $255,284 $255,284
2021 $6,950 $500,558 $250,279 $250,279
2020 $6,881 $495,746 $247,713 $248,033
2019 $6,832 $486,032 $242,856 $243,176
2018 $6,571 $476,510 $238,095 $238,415
2016 $6,251 $457,700 $228,850 $228,850
2015 $6,098 $450,826 $225,413 $225,413
2014 $6,053 $441,996 $220,998 $220,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837025

California Regional Multiple Listing Service (CRMLS)

APN: 8031-004-011