NOT LISTED FOR SALE

Estimated Value: $509,000 - $733,000

6 Beds
3 Baths
2,612 Sq Ft
$255/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $400,000 $153 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,247/month

6 Days on Market

About This Home

As of November 2014

Great investment opportunity! Easy to manage, easy to rent. Potentially $3,700 in rents per month. Larger unit has 3 beds 1 bath and two living rooms. The other units have 1 bed 1 bath.All Units have tile floors in the kitchen. DO NOT miss this amazing opportunity.

Last Agent to Sell the Property

Erika Carrasco

Intero Real Estate Services License #01740048 Listed on: 09/30/2014

Intero Real Estate Services

Last Buyer's Agent

Erika Carrasco

Intero Real Estate Services License #01740048 Listed on: 09/30/2014

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,121

Year Built

  • 1924

Lot Details

  • 6,011

Parking

  • Covered Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,612 Sq Ft Home
  • 2-Story Property
  • Carpet

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $4,000
  • The owner pays for garbage, water

Community Details

Overview

  • 2,612 Sq Ft Building

Building Details

  • Operating Expense $4,652
  • Gross Income $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,121

Year Built

1924

Lot Details

0

Listing Details

  • Zoning: 2621
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 153.14
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2612
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 2612
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 102.25

Multi Family

  • Expenses Total: 4652
  • Income Annual Gross: 4000.00
  • Income Annual Rental: 4000
  • Income Gross Scheduled: 4000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Master Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Nov 11, 2014
Sold by
Martinez Maria De La Luz
Bought by
Castro Victor H
Seller's Agent
Erika Carrasco
Intero Real Estate Services
Buyer's Agent
Erika Carrasco
Intero Real Estate Services
List Price
$409,000
Sold Price
$400,000
Premium/Discount to List
-$9,000
-2.2%
Current Estimated Value
$666,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,141
Avg. Annual Appreciation
4.77%
Original Mortgage
$277,500
Outstanding Balance
$213,356
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$452,785

Purchase Details

Closed on
Oct 2, 2002
Sold by
Sanchez Jorge
Bought by
Sanchez Jorge and Sanchez Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
6.17%

Purchase Details

Closed on
Mar 12, 2001
Sold by
Carter Eleacie A
Bought by
Sanchez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Castro Victor H -- Orange Coast Title Company
Castro Victor H $400,000 Orange Coast Title Company
Sanchez Jorge -- Chicago Title Co
Sanchez Jorge $237,000 Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Victor H $277,500
Previous Owner Sanchez Jorge $173,000
Previous Owner Sanchez Jorge $187,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2014 11/21/14 Sold $400,000 -2.2% $153 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $409,000 -- $157 / Sq Ft
Source: MLSListings

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 $9,121 $480,723 $144,217 $336,506
2024 $9,121 $471,300 $141,390 $329,910
2023 $9,418 $462,060 $138,618 $323,442
2022 $8,988 $453,000 $135,900 $317,100
2021 $8,339 $444,120 $133,236 $310,884
2020 $8,239 $439,567 $131,870 $307,697
2019 $7,763 $430,951 $129,285 $301,666
2018 $7,599 $422,503 $126,751 $295,752
2017 $7,234 $414,220 $124,266 $289,954
2016 $6,978 $406,100 $121,830 $284,270
2015 $6,935 $400,000 $120,000 $280,000
2014 $5,282 $265,000 $79,500 $185,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81435509

MLSListings

APN: 040-3362-007-00