NOT LISTED FOR SALE

Estimated Value: $636,000 - $748,000

4 Beds
2 Baths
1,504 Sq Ft
$464/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $385,000 $256 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,244/month

95 Days on Market

About This Home

As of October 2016

Here is your buyers opportunity to own 2 on a lot in NO rent Control area. 2 bedrooms each unit. Your buyers will love the convenience of this property close to schools, shops and transportation. Seller has done Many Upgrades to the property.

Last Agent to Sell the Property

Julio Juarez

Keller Williams Pacific Estates Cerritos License #01210061 Listed on: 05/23/2016

Keller Williams Pacific Estates Cerritos

Last Buyer's Agent

Gracie Robles

24 Hour Real Estate License #01354536

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,510

Year Built

  • Built in 1960

Lot Details

  • 4,720 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,504 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2286
  • Assessor Parcel Number 6021004007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $360
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,937
  • Gross Income $3,000
  • Net Operating Income $28,303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,510

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 6021004007
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 255.98

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4720.00
  • Price Per Lot Square Foot: 81.57

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 28303.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7697.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4937.00
  • Tax Lot: 8
  • Tax Tract Number: 2286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Flores Cindy Avila and Beltran Ana E Marin
Bought by
Rea Flores Cindy Avila and Rea Saintoyo Erik
Current Estimated Value
$698,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$303,327
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$394,781

Purchase Details

Listed on
May 23, 2016
Closed on
Aug 31, 2016
Sold by
Munoz Odilon and Munoz Inocencia R
Bought by
Flores Cindy Avila and Beltran Ana E Marin
Seller's Agent
Julio Juarez
Keller Williams Pacific Estates Cerritos
Buyer's Agent
Gracie Robles
24 Hour Real Estate
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$372,150
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Munoz Odilon and Munoz Inocencia R

Purchase Details

Closed on
Jan 14, 2008
Sold by
Select Portfolio Servicing Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 10, 2006
Sold by
Ponce Jesus P and Ponce Maria E
Bought by
Ramallo Oscar and Ponce Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2005
Sold by
Navarrette Maria
Bought by
Ponce Jesus P and Ponce Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 17, 2005
Sold by
Guerra Erick Y
Bought by
Navarrete Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Melendez Cesar and Hernandez Josefina
Bought by
Guerra Erick Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
Moran Ramon
Bought by
Melendez Cesar and Hernandez Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,095
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2000
Sold by
Moran Rocio
Bought by
Moran Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.63%

Purchase Details

Closed on
Jun 9, 2000
Sold by
The First National Bank Of Chicago
Bought by
Moran Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.63%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Tillman Gene A
Bought by
The First National Bank Of Chicago
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
Rea Flores Cindy Avila -- Lawyers Title
Flores Cindy Avila $385,000 Chicago Title
Munoz Odilon $280,000 First American Title Company
Federal Home Loan Mortgage Corporation -- First American Title Ins Co
Select Portfolio Servicing Inc $313,317 Accommodation
Ramallo Oscar $570,000 Alliance Title Company
Ponce Jesus P $510,000 Fidelity National Title Co
Navarrete Maria $348,000 Security Union Title Ins Co
Guerra Erick Y $250,000 Land America Lawyers Title
Melendez Cesar $188,000 Orange Coast Title
Moran Ramon -- First American Title Ins Co
Moran Ramon $120,000 First American Title Ins Co
The First National Bank Of Chicago $109,484 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rea Flores Cindy Avila $350,000
Previous Owner Flores Cindy Avila $372,150
Previous Owner Ramallo Oscar $456,000
Previous Owner Ponce Jesus P $408,000
Previous Owner Navarrete Maria $278,400
Previous Owner Guerra Erick Y $242,500
Previous Owner Melendez Cesar $185,095
Previous Owner Moran Ramon $120,000
Closed Navarrete Maria $69,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $385,000 0.0% $256 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
08/05/2016 08/05/16 Price Changed $385,000 -2.5% $256 / Sq Ft
05/23/2016 05/23/16 For Sale $395,000 -- $263 / 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 $6,510 $453,203 $304,820 $148,383
2024 $6,510 $444,318 $298,844 $145,474
2023 $6,236 $435,607 $292,985 $142,622
2022 $5,958 $427,067 $287,241 $139,826
2021 $5,890 $418,694 $281,609 $137,085
2020 $5,931 $414,402 $278,722 $135,680
2019 $5,716 $406,277 $273,257 $133,020
2018 $5,571 $392,700 $290,700 $102,000
2016 $4,558 $310,675 $221,912 $88,763
2015 $4,491 $306,009 $218,579 $87,430
2014 $4,010 $259,300 $192,100 $67,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16110477

California Regional Multiple Listing Service (CRMLS)

APN: 6021-004-007