NOT LISTED FOR SALE

Estimated Value: $1,174,000 - $1,846,929

6 Beds
4 Baths
2,640 Sq Ft
$593/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $1,315,000 $498 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,057/month

86 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Laundry Room

About This Home

As of June 2019

This charming 4 units apartment income property consists of a single family house at the front and a triplex at the back. The front is a single story family house has 3 bedrooms + 1 bathroom (monthly rent is $3,000), built in 1923. The back two story building which was built in 1950's (exact year need to be verified), the second story has two 1 bedroom + 1 bathroom units (monthly rent are $1,650 and $$1,600) and the ground level has four individual car garages and a laundry room. County profile showed it only has 3 units and the building size is around 2,640 SF. Previous owner converted a garage plus the original laundry room to a 1 bedroom + 1 bathroom unit around 400 SF (monthly rent is $1,300) without permit and the sqft is not included. The property lot size is over 9,000 SF with ample space for parking. OVER 5% CAP RATE. It has good maintenance and stable tenants, all new individual water heaters, back building has newly exterior painted and new roof with an on-site laundry room. Please absolutely do not disturb the tenants and make offer subject to interior inspection.

Last Listed By

Doresa Wang

Pinnacle Real Estate Group License #01523172 Listed on: 02/09/2019

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,041

Year Built

  • Built in 1955

Lot Details

  • 9,017 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 302102
  • Assessor Parcel Number 5683003022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,150
  • Trash Expense $852
  • Water Sewer Expense $1,050
  • New Taxes Expense $16,625
  • Operating Expense $21,397
  • Gross Income $90,600
  • Net Operating Income $67,391

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,041

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1050.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5683003022
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 498.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 852.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 9017.00
  • Lot Size Acres: 0.2070

Multi Family

  • Gross Income: 90600.00
  • Gross Operating Income: 88788.00
  • Gross Scheduled Income: 90600.00
  • Insurance Expense: 2150.00
  • Lot Size Area: 9017.0000 Square Feet
  • Net Operating Income: 67391.00
  • 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: 21397.00
  • Rent Control: No
  • Total Expenses: 21397.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16625.00
  • Tax Census Tract: 3021.02
  • Tax Lot: 10
  • Tax Tract Number: 302102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Chilian Petros and Chilian Irene
Bought by
Chilian Petros and Chilian Irene
Total Days on Market
86
Current Estimated Value
$1,565,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2019
Closed on
Jun 10, 2019
Sold by
Chun Chen Huan Yuan and Chun Louie Moe
Bought by
Chilian Petros and Chilian Irene
Seller's Agent
Doresa Wang
Pinnacle Real Estate Group
Buyer's Agent
HASMIK AYVAZIAN
REALTY ONE GROUP MASTERS
List Price
$1,388,888
Sold Price
$1,315,000
Premium/Discount to List
-$73,888
-5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$665,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2017
Sold by
Sanchez Jesus and Cerda Laura S
Bought by
Chun Chen Huan Yuan and Chun Louie Moe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2016
Sold by
Arestegui Yazmin Rea
Bought by
Sanchez Jesus

Purchase Details

Closed on
Feb 13, 2006
Sold by
Cerda Jose
Bought by
Cerda Laura S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,990
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 8, 2006
Sold by
Escalante Peter L
Bought by
Sanchez Jesus and Cerda Laura S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,990
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 1999
Sold by
Escalante Danna M
Bought by
Escalante Peter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
7.24%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Baker Robert A
Bought by
Escalante Peter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
7.24%

Purchase Details

Closed on
Apr 25, 1994
Sold by
Scherr Margaret M
Bought by
Baker Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.84%

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
Chilian Petros -- Pacific Coast Title
Chilian Petros $1,315,000 Lawyers Title
Chun Chen Huan Yuan $1,090,000 Lawyers Title
Sanchez Jesus -- None Available
Cerda Laura S -- Old Republic Title Company
Sanchez Jesus $850,000 Old Republic Title Company
Escalante Peter L -- Gateway Title Company
Escalante Peter L $329,000 Gateway Title Company
Baker Robert A $299,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chilian Petros $674,000
Closed Chilian Petros $664,000
Closed Chilian Petros $665,000
Previous Owner Chun Chen Huan Yuan $701,250
Previous Owner Sanchez Jesus $87,000
Previous Owner Cerda Laura S $84,990
Previous Owner Sanchez Jesus $594,930
Previous Owner Escalante Peter L $291,000
Previous Owner Escalante Peter L $295,000
Previous Owner Escalante Peter L $296,100
Previous Owner Baker Robert A $239,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2019 06/17/19 Sold $1,315,000 -1.1% $498 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
05/01/2019 05/01/19 Price Changed $1,330,000 0.0% $504 / Sq Ft
04/30/2019 04/30/19 Rented $3,000 0.0% --
04/25/2019 04/25/19 Price Changed $1,299,000 0.0% $492 / Sq Ft
04/24/2019 04/24/19 Price Changed $2,750 0.0% $2 / Sq Ft
04/23/2019 04/23/19 Price Changed $1,350,000 0.0% $511 / Sq Ft
04/19/2019 04/19/19 For Rent $2,900 0.0% --
02/09/2019 02/09/19 For Sale $1,388,888 -- $526 / 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
2024 $16,041 $1,438,141 $984,280 $453,861
2023 $15,678 $1,409,943 $964,981 $444,962
2022 $15,407 $1,382,298 $946,060 $436,238
2021 $15,145 $1,355,195 $927,510 $427,685
2020 $14,929 $1,341,740 $918,000 $423,740
2019 $2,208 $1,112,240 $778,260 $333,980
2018 $11,348 $1,021,199 $720,622 $300,577
2016 $10,828 $981,124 $692,641 $288,483
2015 $10,607 $966,387 $682,237 $284,150
2014 $10,524 $947,457 $668,873 $278,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19031064

California Regional Multiple Listing Service (CRMLS)

APN: 5683-003-022