NOT LISTED FOR SALE

Estimated Value: $708,852 - $821,000

6 Beds
2 Baths
2,162 Sq Ft
$352/Sq Ft Est. Value

Last Sold September 21, 2015

Last sale price $420,000 $194 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,517/month

Highlights

  • Property is near park
  • No HOA
  • 1-minute walk to One Hundred Ninth Street Recreation Center

About This Home

As of September 2015

Standard Sale! DO NOT DISTURB OCCUPANTS. Price to sell. This income opportunity features 2 Beautiful Units. 3 bedrooms, 1 Bath Each Unit with spacious eat in Kitchen and nice size bedrooms. Long Drive-way with a 2 Car pot. Live in one unit and rent the other unit. Located within steps of transportation, schools and parks. Easy access to the freeway as well, don't miss out on this great income property.

Last Agent to Sell the Property

Erwin DeLeon

Keller Williams Pacific Estates Cerritos License #01512017 Listed on: 09/02/2015

Last Buyer's Agent

Erwin DeLeon

Keller Williams Pacific Estates Cerritos License #01512017 Listed on: 09/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,678 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Parking Spaces

Home Design

  • 2,162 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near park
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 574
  • Tax Tract Number 1
  • Assessor Parcel Number 6070007017

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $870
  • Trash Expense $920
  • Water Sewer Expense $1,000
  • New Taxes Expense $2,872
  • Gross Income $2,700
  • Net Operating Income $29,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 6070007017
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 194.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Trash Expense: 920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 5678.00
  • Price Per Lot Square Foot: 73.97
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 870.00
  • Lot Size Area: 5678.0000 Square Feet
  • Net Operating Income: 29160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3240.00
  • Operating Expense Percent: 10.00
  • Rent Control: No
  • Total Actual Rent: 2700.00

Tax Info

  • New Taxes Expense: 2872.00
  • Tax Lot: 574
  • Tax Tract Number: 1
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2015
Closed on
Aug 28, 2015
Sold by
Rabie Susana
Bought by
Vasquez Roberto
Seller's Agent
Erwin DeLeon
Keller Williams Pacific Estates Cerritos
Buyer's Agent
Erwin DeLeon
Keller Williams Pacific Estates Cerritos
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$760,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,213
Avg. Annual Appreciation
5.93%
Original Mortgage
$412,392
Outstanding Balance
$327,618
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$432,595

Purchase Details

Closed on
Nov 1, 2011
Sold by
Alvarez Sandra E
Bought by
Rabie Susana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,197
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2007
Sold by
Tsa Properties Inc
Bought by
Alvarez Sandra E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2006
Sold by
Melendez Ramon Duran
Bought by
Tsa Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2004
Sold by
Lathan Loretta
Bought by
Melendez Ramon Duran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 1998
Sold by
Theodora Kevin J
Bought by
Lathan Loretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,567
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 1997
Sold by
Trust Gipson Cheryl L Tr Yuovene M Brook
Bought by
Theodora Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
7.36%

Purchase Details

Closed on
Jun 29, 1994
Sold by
Brooks Yuovene
Bought by
Gipson Cheryl L and Yuovene M Brooks Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vasquez Roberto $420,000 Chicago Title
Rabie Susana $150,000 Lawyers Title
Alvarez Sandra E -- Investors Title Company
Alvarez Sandra E -- Investors Title Company
Tsa Properties Inc $340,000 Chicago Title Co
Melendez Ramon Duran $235,000 First Southwestern Title Com
Lathan Loretta $103,500 First American Title Co
Theodora Kevin J $61,000 First American Title
Gipson Cheryl L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Roberto $412,392
Previous Owner Rabie Susana $146,197
Previous Owner Alvarez Sandra E $480,000
Previous Owner Tsa Properties Inc $322,000
Previous Owner Melendez Ramon Duran $188,000
Previous Owner Lathan Loretta $107,567
Previous Owner Theodora Kevin J $82,400
Closed Melendez Ramon Duran $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2015 09/21/15 Sold $420,000 0.0% $194 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $420,000 -- $194 / 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 $6,499 $497,189 $236,756 $260,433
2024 $6,499 $487,441 $232,114 $255,327
2023 $6,379 $477,884 $227,563 $250,321
2022 $6,098 $468,514 $223,101 $245,413
2021 $6,015 $459,328 $218,727 $240,601
2019 $5,841 $445,706 $212,241 $233,465
2018 $5,714 $436,968 $208,080 $228,888
2016 $5,445 $420,000 $200,000 $220,000
2015 $2,862 $203,793 $104,510 $99,283
2014 $2,878 $199,802 $102,463 $97,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15194506

California Regional Multiple Listing Service (CRMLS)

APN: 6070-007-017