NOT LISTED FOR SALE

Estimated Value: $874,858

3 Beds
2 Baths
1,500 Sq Ft
$583/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2025

Last sale price $825,000 $550 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,083 / mo

11 Days on Market

Highlights

  • City Lights View
  • 1 Car Attached Garage
  • Security Fence
  • Vaulted Ceiling
  • Tile Flooring
  • 1-Story Property

About This Home

As of March 2025

Charming Duplex with Endless Possibilities. Discover this versatile mixed-use property offering exceptional potential for both homeowners and investors. The front unit, currently vacant, was previously a storefront rented for $2,100 per month, making the current cap rate close to 7%. Meanwhile it comes with a ready-to-pull permit to convert into a spacious 2 bed, 1 bath unit, complete with architect-drafted floor plans permit ready to pull. This makes it an excellent opportunity to repurpose as residential or maintain as a commercial storefront. The back unit is a well-maintained 2 bed, 1 office, 1 bath unit, currently tenant-occupied and generating stable rental income of $2,515 per month. With market-rate rents for each unit averaging around $3,300, this property offers significant upside potential for increased cash flow through forced appreciation producing close to 10% cap rate. Whether you are an investor seeking steady income or a buyer looking to maximize value, the possibilities are endless. Perfectly situated in a prime location, close to shopping, popular restaurants, and major commute routes, highly desirable for tenants and homeowners alike. Don't miss this chance to own a versatile, income-producing property in a convenient and sought-after area.

Last Agent to Sell the Property

Wen Guo RE Group

KW Advisors License #70010161 Listed on: 01/31/2025

Last Buyer's Agent

Jennifer Zhang

KW Advisors License #02025496

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 1,873 Sq Ft Lot
  • Security Fence

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • City Lights Views

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $55,380
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,100
  • Utility Expense $1,740
  • Operating Expense $11,240
  • Gross Income $59,539

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

1,873 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: RH2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Living Sq Ft: 1500
  • Stories: 1
  • Security: Security Fence
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • View: City Lights

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Lot Info

  • Lot Acres: 0.0430
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1873.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1873.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 11.39
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1100
  • Expenses Total: 11240
  • Expenses Utility: 1740
  • Income Annual Gross: 59539.00
  • Income Annual Rental: 55380
  • Income Gross Scheduled: 61380
  • Income Includes: Parking
  • Income Other: 6000
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Mar 26, 2025
Sold by
Bought by
Seller's Agent
Wen Guo RE Group
KW Advisors
Buyer's Agent
Jennifer Zhang
KW Advisors
List Price
$699,000
Sold Price
$825,000
Premium/Discount to List
$126,000
18.03%
Views
33
Current Estimated Value
$874,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,858
Avg. Annual Appreciation
4.48%
Original Mortgage
$525,000
Interest Rate
0.065%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
0.0399%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Wfg National Title
-- First American Title Company
-- First American Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $525,000
Previous Owner $318,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/28/2025 03/28/25 Sold $825,000 +18.0% $550 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $699,000 -- $466 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,790 $251,922 $167,955 $83,967
2024 $3,790 $246,983 $164,662 $82,321
2023 $3,678 $242,141 $161,434 $80,707
2022 $3,585 $237,394 $158,269 $79,125
2021 $3,518 $232,740 $155,166 $77,574
2020 $3,603 $230,354 $153,575 $76,779
2019 $3,488 $225,838 $150,564 $75,274
2018 $3,370 $221,411 $147,612 $73,799
2017 $3,034 $217,070 $144,718 $72,352
2016 $2,954 $212,815 $141,881 $70,934
2015 $2,913 $209,619 $139,750 $69,869
2014 $2,840 $205,514 $137,013 $68,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81990209

MLSListings

APN: 5882-025

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