NOT LISTED FOR SALE

Estimated Value: $1,081,000 - $1,373,000

6 Beds
3 Baths
2,320 Sq Ft
$520/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $1,050,000 $453 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,446/month

7 Days on Market

Highlights

  • Second Garage
  • Open Floorplan
  • No HOA
  • California High School Rated A-
  • Fireplace in Primary Bedroom
  • Separate Outdoor Workshop

About This Home

As of February 2022

South Whittier. Two houses, front and rear, well positioned on a deep 10,148 s.f. lot. Extensive rehab/remodel of the property exterior and interior. Rare turnkey opportunity for an investor or owner occupant. Market Rent Proforma: 13.77 GRM and 5.03% Cap Rate. Front house 2 bedroom 1 bath 996 s.f. single story built in 1925 with porch, front lawn, private side yard, and garage. Rear house 4 bedroom 2 bath 1,324 s.f. single story built in 1961 with private side yard, patio area, and private back yard. Wall-to-wall hardwood laminate flooring, wood cabinets, quartz countertops, stainless steel range/refrigerator. Remodeled kitchens and baths. Washer/dryer hook-ups, ceiling fans, central heat, wall heat. Extended driveways. Wide frontage and attractive curb appeal. Tree lined residential block down the street from Monte Vista/Los Altos Elementary School. 2 minute drive to Golden Springs Food Court Center including Starbucks & 24 Hour Fitness. 5 minute drive to Gate Way Plaza including Walmart & Target. Convenient freeway access to the 105, 605, and 5.

Last Agent to Sell the Property

John Mociak

Avenue Realty Group License #01708711 Listed on: 01/17/2022

Last Buyer's Agent

Adriana Hesford

EXCELLENCE EMPIRE REAL ESTATE License #01180938

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,212

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 10,148 Sq Ft Lot
  • Two or More Common Walls
  • Privacy Fence
  • Wood Fence
  • New Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Second Garage
  • Parking Available
  • Workshop in Garage
  • Tandem Parking
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,320 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Free Standing Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Gas and Electric Range
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Fireplace in Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 18
  • Tax Tract Number 10481
  • Assessor Parcel Number 8031010016
  • $814 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,100
  • Insurance Expense $1,044
  • Maintenance Expense $1,000
  • Other Expense $500
  • Water Sewer Expense $1,560
  • New Taxes Expense $12,026
  • Operating Expense $18,230
  • Gross Income $70,800
  • Net Operating Income $49,030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,212

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.03
  • Other Phone Description: 310-872-0963
  • Other Phone Number: 310-972-0963
  • Price Per Unit: 487500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 1560.00
  • Zoning: LCA1*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 8031010016
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Tandem, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room, Master Bedroom, Outside, Patio, Electric, Gas, Free Standing
  • Levels: One
  • Price Per Square Foot: 452.59
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Second Garage, Shed(s), Storage, Two On A Lot, Workshop
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Fair Condition, Good Condition, New Condition, Privacy, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, On Site, Private, Tandem Uncovered, Workshop in Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central, Forced Air, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10148.00
  • Lot Size Acres: 0.2330
  • Latitude Manual: 33.91905500

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 996 Square Feet
  • Gross Income: 70800.00
  • Gross Multiplier: 13.77
  • Gross Operating Income: 67260.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1044.00
  • Lot Size Area: 10148.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 49030.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 18230.00
  • Other Expense: 500.00
  • Other Expense Description: reserves
  • Rent Control: Yes
  • Total Expenses: 18230.00
  • Vacancy Allowance: 3540
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12026.00
  • Tax Area: 13-086
  • Tax Census Tract: 5031.05
  • Tax Lot: 18
  • Tax Rate: 1.15
  • Tax Tract Number: 10481
  • Tax Annual Amount: 11212.00
  • Tax Year: 2022
  • TaxOtherAnnualAssessmentAmount: 814.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Jan 26, 2022
Sold by
Sauer Josef Stefan and Sauer Sau Maria
Bought by
Thompson Jermaine Joseph
Seller's Agent
John Mociak
Avenue Realty Group
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$975,000
Sold Price
$1,050,000
Premium/Discount to List
$75,000
7.69%
Current Estimated Value
$1,206,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,100
Avg. Annual Appreciation
3.87%
Original Mortgage
$796,000
Outstanding Balance
$737,736
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$468,364
Source: Public Records

Range of Values:

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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
Thompson Jermaine Joseph $1,050,000 Fidelity National Title
Thompson Jermaine Joseph $1,050,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Jermaine Joseph $796,000
Closed Thompson Jermaine Joseph $796,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $1,050,000 +7.7% $453 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $975,000 +30.0% $420 / Sq Ft
07/14/2021 07/14/21 Sold $750,000 -2.5% $323 / Sq Ft View Prior Sale
06/11/2021 06/11/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $769,000 -- $331 / 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 $13,447 $1,114,267 $636,724 $477,543
2024 $13,447 $1,092,420 $624,240 $468,180
2023 $12,849 $1,071,000 $612,000 $459,000
2022 $9,496 $750,000 $450,000 $300,000
2021 $1,793 $84,876 $30,548 $54,328
2020 $1,777 $84,006 $30,235 $53,771
2019 $1,764 $82,360 $29,643 $52,717
2018 $1,613 $80,746 $29,062 $51,684
2016 $1,516 $77,613 $27,935 $49,678
2015 $1,485 $76,448 $27,516 $48,932
2014 $1,486 $74,951 $26,977 $47,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22009516

California Regional Multiple Listing Service (CRMLS)

APN: 8031-010-016