NOT LISTED FOR SALE

1408 Pico St San Fernando, CA 91340

Estimated Value: $845,153 - $947,000

3 Beds
2 Baths
1,284 Sq Ft
$714/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $645,000 $502 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,922/month

38 Days on Market

Highlights

  • City Lights View
  • Property is near a park
  • Double Pane Windows
  • Valley Academy of Arts & Sciences Rated A-
  • No HOA
  • 5-minute walk to Las Palmas Park

About This Home

As of October 2020

Completely remodeled inside and out, plus ADU (Accessory Dwelling Unit). Brand new stucco and extensive cement work throughout the property. Main unit: 2 BdRm, 1 bath, Central AC / Heating, tankless water heater. Brand new Kitchen and bathroom, brand new plumbing, washer/dryer hook up inside plus a beautiful covered porch in the back with ceiling fans. ADU: 1 BdRm 1 bath, everything brand new. Mini split AC/Heating unit and tankless water heater. Side walk-through gate for private access to ADU. Recessed lighting and brand new laminated floors throughout, both units. Separate address and Electric Meter for each unit. Drip system throughout for plants and trees. Fully fenced with block wall. Conveniently located, close to restaurants and shopping, downtown San Fernando. Great property for In-Law unit or rent ADU to help with your mortgage

Last Agent to Sell the Property

Junco Felix

Felix & Associates License #01254924 Listed on: 08/03/2020

Co-Listed By

Junco Felix

Felix & Associates License #01825836

Last Buyer's Agent

Brian Zuniga

RE/MAX One License #01987004

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,518

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 5,025 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Back and Front Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Additions or Alterations
  • Slab Foundation
  • Interior Block Wall
  • Shingle Roof

Interior Spaces

  • 1,284 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Living Room
  • Laminate Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Parking Available
  • Driveway

Accessible Home Design

  • Doors are 32 inches wide or more
  • No Interior Steps
  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 4 / 28
  • Tax Tract Number 3203
  • Assessor Parcel Number 2521005002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $670
  • Insurance Expense $800
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $8,625
  • Operating Expense $13,425
  • Gross Income $51,600
  • Net Operating Income $3,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,518

Year Built

Built in 1956 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: SFR2*
  • Architectural Style: Ranch
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2521005002
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, No Interior Steps
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: One
  • Price Per Square Foot: 502.34
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Tankless Water Heater
  • Electric: 220 Volts, Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 5025.00
  • Lot Size Acres: 0.1154

Multi Family

  • Average1 Bed Area: 420 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Fuel Expense: 670.00
  • Gross Income: 51600.00
  • Gross Scheduled Income: 4300.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5025.0000 Square Feet
  • Net Operating Income: 3100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 13425.00

Tax Info

  • New Taxes Expense: 8625.00
  • Tax Block: 28
  • Tax Census Tract: 3203.00
  • Tax Lot: 4
  • Tax Tract Number: 3203

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
Efren Montenegro Erick and Natali Ivette
Bought by
Montenegro Erick Efren and Ortiz Ivette Natali
Total Days on Market
38
Current Estimated Value
$917,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,000
Outstanding Balance
$591,534
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$274,334

Purchase Details

Listed on
Aug 3, 2020
Closed on
Sep 11, 2020
Sold by
Lopez Hector
Bought by
Montenegro Erick Efren and Ortiz Ivette Natali
Seller's Agent
Junco Felix
Felix & Associates
Buyer's Agent
Brian Zuniga
RE/MAX One
List Price
$669,900
Sold Price
$645,000
Premium/Discount to List
-$24,900
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$633,317
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 2020
Sold by
Jimenez Mariano and Jimenez Jovita
Bought by
Lopez Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
6.25%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Montenegro Erick Efren -- Wfg Lender Services
Montenegro Erick Efren $645,000 Lawyers Title
Lopez Hector $445,000 Priority Title
Lopez Hector -- Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montenegro Erick Efren $633,000
Previous Owner Montenegro Erick Efren $633,317
Previous Owner Lopez Hector $356,000
Previous Owner Jimenez Mariano $129,000
Previous Owner Jimenez Mariano $129,500
Previous Owner Jimenez Mariano $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $645,000 -3.7% $502 / Sq Ft
08/03/2020 08/03/20 For Sale $669,900 -- $522 / 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
2024 $9,518 $684,478 $472,237 $212,241
2023 $9,462 $671,058 $462,978 $208,080
2022 $9,040 $657,900 $453,900 $204,000
2021 $8,797 $645,000 $445,000 $200,000
2020 $2,864 $199,831 $116,469 $83,362
2019 $2,774 $195,914 $114,186 $81,728
2018 $2,716 $192,074 $111,948 $80,126
2016 $2,607 $184,616 $107,601 $77,015
2015 $2,592 $181,844 $105,985 $75,859
2014 $2,590 $178,283 $103,909 $74,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20153070

California Regional Multiple Listing Service (CRMLS)

APN: 2521-005-002