NOT LISTED FOR SALE

Estimated Value: $449,748 - $531,000

4 Beds
2 Baths
1,244 Sq Ft
$386/Sq Ft Est. Value

Last Sold August 20, 2014

Last sale price $191,000 $154 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $2,809/month

2 Days on Market

Highlights

  • 24-Hour Security
  • No HOA
  • No Interior Steps
  • Granite Countertops
  • Laundry Room
  • Bungalow

About This Home

As of August 2014

Great investment opportunity! Two renovated units with alarm system, detached 2-doored garage with openers, grassy yard and central heat and air attract great tenants! Both units are leased until December 2014 and July 2015, respectively. Look at the analysis and work the numbers to see for yourself! This property is well-maintained and ready to start making you money. Hurry it won't last!

Last Agent to Sell the Property

Debbie Lovrich

Keller Williams Coastal Prop. License #01902851 Listed on: 07/09/2014

Last Buyer's Agent

Nahed Benyamein

Allstars Realty License #01000857

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,782

Year Built

  • Built in 1946

Lot Details

  • 7,820 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Bungalow
  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,244 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Alarm System

Kitchen

  • Gas Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance
  • Tax Lot 3
  • Tax Tract Number 32
  • Assessor Parcel Number 0146183020000

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
  • Insurance Expense $894
  • Other Expense $1,140
  • Water Sewer Expense $1,296
  • New Taxes Expense $1,782
  • Operating Expense $5,112
  • Gross Income $1,550
  • Net Operating Income $13,482

Additional Features

  • Laundry Facilities
  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,782

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Other Phone Description: 5627263691
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Wired for Alarm System
  • Water Sewer Expenses: 1296.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 0146183020000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 153.54
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Common Area, Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7820.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 622
  • Gross Income: 1550.00
  • Gross Multiplier: 10.40
  • Gross Scheduled Income: 18600.00
  • Insurance Expense: 894.00
  • Lot Size Area: 7820.0000 Square Feet
  • Net Operating Income: 13482.00
  • 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
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 5118.00
  • Other Expense: 1140.00
  • Other Expense Description: lawn
  • Rent Control: No
  • Total Actual Rent: 1550.00
  • Total Expenses: 5112.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 1782.00
  • Tax Lot: 3
  • Tax Tract Number: 32
  • Tax Annual Amount: 1782.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2014
Closed on
Aug 4, 2014
Sold by
Ms Fortune Llc
Bought by
Madrid Sam and Madrid Noreen
Seller's Agent
Debbie Lovrich
Keller Williams Coastal Prop.
Buyer's Agent
Nahed Benyamein
Allstars Realty
List Price
$194,000
Sold Price
$191,000
Premium/Discount to List
-$3,000
-1.55%
Current Estimated Value
$480,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,687
Avg. Annual Appreciation
8.51%
Original Mortgage
$141,000
Outstanding Balance
$108,176
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$364,143

Purchase Details

Listed on
Mar 31, 2013
Closed on
Apr 17, 2013
Sold by
Oasis Investment Properties Llc
Bought by
Ms Fortune Llc
Seller's Agent
Eran Fattal
Dynasty Real Estate
Buyer's Agent
Debbie Lovrich
List Price
$159,000
Sold Price
$165,000
Premium/Discount to List
$6,000
3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.82%

Purchase Details

Listed on
Jan 15, 2013
Closed on
Feb 21, 2013
Sold by
Us Bank National Association
Bought by
Oasis Investment Properties Llc
Seller's Agent
Rebecca Meisser-Anderson
CENTURY 21 EXPERIENCE
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%

Purchase Details

Closed on
Apr 19, 2012
Sold by
Gutierrez Gilberto C Lopez
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 18, 2009
Sold by
Gutierrez Gilberto C Lopez
Bought by
Flores Roberto C

Purchase Details

Closed on
Dec 7, 2005
Sold by
Delgado Hernan and Delgado Guadalupe
Bought by
Gutierrez Gilberto C Lopez

Purchase Details

Closed on
Jun 22, 2005
Sold by
Lopez G Gilberto C
Bought by
Delgado Hernan and Delgado Guadaluoe

Purchase Details

Closed on
Sep 18, 2002
Sold by
Delgado Hernan and Delgado Guadalupe
Bought by
Lopez G Gilberto C

Purchase Details

Closed on
Jun 13, 2002
Sold by
Hud
Bought by
Delgado Hernand S and Delgado Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
8.37%

Purchase Details

Closed on
Mar 18, 2002
Sold by
First Horizon Home Loan Corp
Bought by
Hud

Purchase Details

Closed on
Jan 8, 2002
Sold by
Estrada Leticia
Bought by
First Horizon Home Loan Corp and Ft Mtg Companies

Purchase Details

Closed on
May 3, 1999
Sold by
Bosi Edgardo
Bought by
Estrada Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,247
Interest Rate
7.2%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 1998
Sold by
Hud
Bought by
Bosi Edgardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.91%

Purchase Details

Closed on
Dec 5, 1998
Sold by
Bosi Maria Elina
Bought by
Bosi Edgardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.91%

Purchase Details

Closed on
Oct 24, 1997
Sold by
Chase Mtg Services Inc
Bought by
Hud

Purchase Details

Closed on
May 21, 1997
Sold by
Dealba Gabriel and Dealba Gloria
Bought by
Chase Mtg Services Inc and Chase Manhattan Mtg Corp
Source: Public Records

Range of Values:

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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
Madrid Sam $191,000 Advantage Title Inc
Ms Fortune Llc $165,000 North American Title
Oasis Investment Properties Llc -- North American Title Co
U S Bank National Association $75,000 Lps Default Title & Closing
Flores Roberto C -- None Available
Gutierrez Gilberto C Lopez -- Ticor Title Co
Delgado Hernan -- Ticor Title Co
Lopez G Gilberto C -- --
Delgado Hernand S $74,000 Landsafe Title
Hud -- First American Title Ins Co
First Horizon Home Loan Corp $100,076 First American Title Ins Co
Estrada Leticia $92,000 American Title
Bosi Edgardo $37,000 First Southwestern Title Co
Bosi Edgardo -- First Southwestern Title Co
Hud -- Fidelity National Title Ins
Chase Mtg Services Inc $58,742 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madrid Sam $141,000
Previous Owner Gutierrez Gilberto C Lopez $140,000
Previous Owner Delgado Hernand S $59,200
Previous Owner Estrada Leticia $91,247
Previous Owner Bosi Edgardo $55,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2014 08/20/14 Sold $191,000 -1.5% $154 / Sq Ft
06/21/2014 06/21/14 Pending -- -- --
06/19/2014 06/19/14 For Sale $194,000 +17.6% $156 / Sq Ft
04/29/2013 04/29/13 Sold $165,000 +3.8% $133 / Sq Ft
04/11/2013 04/11/13 Pending -- -- --
03/31/2013 03/31/13 For Sale $159,000 +72.8% $128 / Sq Ft
03/05/2013 03/05/13 Sold $92,000 -7.9% $74 / Sq Ft
02/14/2013 02/14/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $99,900 -- $80 / 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 $2,975 $229,553 $50,478 $179,075
2024 $2,975 $225,052 $49,488 $175,564
2023 $2,900 $220,640 $48,518 $172,122
2022 $2,904 $216,314 $47,567 $168,747
2021 $2,908 $212,072 $46,634 $165,438
2020 $2,915 $209,898 $46,156 $163,742
2019 $2,829 $205,782 $45,251 $160,531
2018 $2,798 $201,747 $44,364 $157,383
2017 $2,712 $197,791 $43,494 $154,297
2016 $2,630 $193,913 $42,641 $151,272
2015 $2,529 $191,000 $42,000 $149,000
2014 $2,177 $165,749 $31,141 $134,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14128912

California Regional Multiple Listing Service (CRMLS)

APN: 0146-183-02