NOT LISTED FOR SALE

Estimated Value: $639,000 - $974,000

2 Beds
1 Bath
2,970 Sq Ft
$263/Sq Ft Est. Value

Last Sold August 07, 2014

Last sale price $342,000 $115 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,694/month

About This Home

As of August 2014

Great investment property or owner used. 4 Units all 2 BR and 1 BA, 3 of the units have been recently remodeled. Don't miss this one !!

Last Agent to Sell the Property

Judith Lazcarro

Excellence RE Real Estate, Inc. License #01938793 Listed on: 02/27/2014

Excellence RE Real Estate, Inc.

Last Buyer's Agent

Judith Lazcarro

Excellence RE Real Estate, Inc. License #01938793 Listed on: 02/27/2014

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1928

Lot Details

  • 9,450 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Parking Spaces

Home Design

  • 2,970 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 36
  • Tax Tract Number 1743
  • Assessor Parcel Number 0145164310000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $1,380
  • Water Sewer Expense $1,380
  • New Taxes Expense $4,025
  • Gross Income $2,900
  • Net Operating Income $25,721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,182

Year Built

Built in 1928

Lot Details

0

Listing Details

  • CapRate: 11.00
  • Property Attached: No
  • Water Sewer Expenses: 1380.00
  • Property Type: Residential Income
  • Parcel Number: 0145164310000
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 115.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Trash Expense: 1380.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9450.00
  • Lot Size Acres: 0.2170

Multi Family

  • Gross Income: 2900.00
  • Gross Multiplier: 9.40
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 9450.0000 Square Feet
  • Net Operating Income: 25721.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 8035.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4025.00
  • Tax Block: 36
  • Tax Lot: 1
  • Tax Tract Number: 1743
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2021
Sold by
Torres Luis E
Bought by
Torres Luis Enrique and Family Trust Of Luis Enrique T
Current Estimated Value
$778,421

Purchase Details

Listed on
Feb 27, 2014
Closed on
Jun 13, 2014
Sold by
Urbina Margarita
Bought by
Jaramillo Mauricio
Seller's Agent
Judith Lazcarro
Excellence RE Real Estate, Inc.
Buyer's Agent
Judith Lazcarro
Excellence RE Real Estate, Inc.
List Price
$350,000
Sold Price
$342,000
Premium/Discount to List
-$8,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$256,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2014
Closed on
Jun 10, 2014
Sold by
Jaramillo Mauricio
Bought by
Torres Luis E and Torres Ana
Seller's Agent
Judith Lazcarro
Excellence RE Real Estate, Inc.
Buyer's Agent
Judith Lazcarro
Excellence RE Real Estate, Inc.
List Price
$350,000
Sold Price
$342,000
Premium/Discount to List
-$8,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2003
Sold by
Salazar Margarita
Bought by
Jaramillo Mauricio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,751
Interest Rate
6.27%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2002
Sold by
Urbach Everett J and Urbach Henrietta
Bought by
Salazar Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,700
Interest Rate
6.86%
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
Torres Luis Enrique -- None Available
Jaramillo Mauricio -- Orange Coast Title
Torres Luis E $342,000 Orange Coast Title Company
Jaramillo Mauricio $275,000 United Title
Salazar Margarita $181,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Luis E $245,000
Previous Owner Torres Luis E $256,500
Previous Owner Jaramillo Mauricio $270,751
Previous Owner Salazar Margarita $162,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2014 08/07/14 Sold $342,000 -2.3% $115 / Sq Ft
02/27/2014 02/27/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $350,000 -- $118 / 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 $5,182 $411,033 $98,552 $312,481
2024 $5,182 $402,974 $96,620 $306,354
2023 $5,053 $395,072 $94,725 $300,347
2022 $5,064 $387,326 $92,868 $294,458
2021 $5,075 $379,731 $91,047 $288,684
2020 $5,090 $375,837 $90,113 $285,724
2019 $4,937 $368,468 $88,346 $280,122
2018 $4,880 $361,243 $86,614 $274,629
2017 $4,730 $354,160 $84,916 $269,244
2016 $4,588 $347,216 $83,251 $263,965
2015 $4,523 $342,000 $82,000 $260,000
2014 $3,530 $269,082 $17,398 $251,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14040962

California Regional Multiple Listing Service (CRMLS)

APN: 0145-164-31