NOT LISTED FOR SALE

Estimated Value: $989,000 - $1,563,000

8 Beds
4 Baths
2,654 Sq Ft
$492/Sq Ft Est. Value

Last Sold September 03, 2015

Last sale price $720,000 $271 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $7,773/month

4 Days on Market

About This Home

As of September 2015

3 units detached single family residence with 2 car garage for each unit on one huge lot located in a prime location of Whittier. Unit combination are 1 house with 2 bedroom/1 bathroom and 2 houses with 3 bedroom/1 bathroom. Each house has 2 car garage. Rent are below market. Upside potential.

Property Highlights:
3 detached single family residence
6 car garage
Lot size: 18,339 SF
Private front and backyard
Separate Electric and gas meter

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 08/09/2015

ReMax 2000 Realty

Last Buyer's Agent

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 08/09/2015

ReMax 2000 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,044

Year Built

  • Built in 1952

Lot Details

  • 0.42 Acre Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • 2,654 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 195
  • Tax Tract Number 10100
  • Assessor Parcel Number 8031028008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $1,450
  • Water Sewer Expense $1,260
  • New Taxes Expense $9,848
  • Gross Income $4,025
  • Net Operating Income $32,793

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,044

Year Built

Built in 1952

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.55
  • Property Attached: No
  • Water Sewer Expenses: 1260.00
  • Property Type: Residential Income
  • Parcel Number: 8031028008
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 271.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18339.00
  • Price Per Lot Square Foot: 39.26
  • Lot Size Acres: 0.4210

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4025.00
  • Gross Multiplier: 14.91
  • Gross Scheduled Income: 48300.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 18339.0000 Square Feet
  • Maintenance Expense: 1450.00
  • Net Operating Income: 32793.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14058.00
  • Rent Control: No
  • Vacancy Allowance: 1449

Tax Info

  • New Taxes Expense: 9848.00
  • Tax Lot: 195
  • Tax Tract Number: 10100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2015
Closed on
Aug 7, 2015
Sold by
Edwards Bonita Jean and Bonita Jean Menaugh Revocable
Bought by
The 2013 Li & Wu Family Revocable Living
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Katie Chai
ReMax 2000 Realty
List Price
$720,000
Sold Price
$720,000
Current Estimated Value
$1,306,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,838
Avg. Annual Appreciation
6.05%
Original Mortgage
$500,000
Outstanding Balance
$391,363
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$915,475

Purchase Details

Closed on
May 28, 1999
Sold by
Menaugh Bonita J
Bought by
Menaugh Bonita Jean and Bonita Jean Menaugh Revocable
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
The 2013 Li & Wu Family Revocable Living $720,000 Fatcola
Menaugh Bonita Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The 2013 Li & Wu Family Revocable Living $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2015 09/03/15 Sold $720,000 0.0% $271 / Sq Ft
08/01/2015 08/01/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $720,000 -- $271 / 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 $11,044 $852,327 $532,705 $319,622
2024 $11,044 $835,615 $522,260 $313,355
2023 $10,457 $819,231 $512,020 $307,211
2022 $10,537 $803,169 $501,981 $301,188
2021 $10,323 $787,422 $492,139 $295,283
2020 $10,217 $779,349 $487,093 $292,256
2019 $10,149 $764,069 $477,543 $286,526
2018 $9,671 $749,088 $468,180 $280,908
2016 $9,204 $720,000 $450,000 $270,000
2015 $2,052 $104,191 $44,446 $59,745
2014 $2,057 $102,151 $43,576 $58,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15167368

California Regional Multiple Listing Service (CRMLS)

APN: 8031-028-008