NOT LISTED FOR SALE

Estimated Value: $874,000 - $1,295,141

5 Beds
5 Baths
2,243 Sq Ft
$521/Sq Ft Est. Value

Last Sold January 15, 2015

Last sale price $700,000 $312 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,974/month

26 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A

About This Home

As of January 2015

Very nice Circle area 4 units......3 separate buildings. Mix is 3/2 single family home, a 1 bedroom unit on top of detached 1 car garage, a studio in bottom section of garage, and a cute 1 bedroom cottage w/ private yard (stand alone). Tenants are long term but rents are fairly close to market...maybe a little room to increase. Laundry hook-ups in garage currently used by 1 tenant but could be transformed into "community" laundry for all tenants....potential $150-200 mo. income. Property has been maintained nicely....would be an excellent investment OR owner-occupied property. Close to CSULB, shops/stores in traffic circle area. Public transportation 1/2 block away on Anaheim. Please respect tenants rights.....do not disturb. Will be shown with acceptable offer. $4595 mo income equates to $55,140 GSI which is 13.24 GRM...very respectable numbers for this solid area!!! contact listing agents for details.

Last Agent to Sell the Property

Pam Luckey

Compass License #00751586 Listed on: 11/21/2014

Compass

Co-Listed By

Debi Garcia-Benson

Coldwell Banker Realty License #00781667

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,861 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,243 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 3603
  • Assessor Parcel Number 7259012032

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Other Expense $16,536
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $4,595
  • Net Operating Income $38,598

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7259012032
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 312.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Community, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5861.00
  • Lot Size Acres: 0.1350

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 480
  • Average2 Bed Area: 375
  • Average3 Bed Area: 1150
  • Average Studio Area: 240
  • Electric Expense: 1.00
  • Gross Income: 4595.00
  • Gross Multiplier: 13.24
  • Gross Scheduled Income: 55140.00
  • Gross Spendable Income: 38598.00
  • Insurance Expense: 1.00
  • Lot Size Area: 5861.0000 Square Feet
  • Net Operating Income: 38598.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16542.00
  • Operating Expense Percent: 30.00
  • Other Expense: 16536.00
  • Other Expense Description: 30%
  • Rent Control: No
  • Total Actual Rent: 4595.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 29
  • Tax Tract Number: 3603
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2019
Sold by
Kepp Kasey
Bought by
Kasey D Kepp Revocable Living Trust
Current Estimated Value
$1,169,035

Purchase Details

Listed on
Nov 21, 2014
Closed on
Jan 8, 2015
Sold by
Garcia Benson Deborah H and Stockton David Leib
Bought by
Kepp Kasey
Seller's Agent
Pam Luckey
Compass
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$729,950
Sold Price
$700,000
Premium/Discount to List
-$29,950
-4.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$560,000
Outstanding Balance
$428,619
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$740,416

Purchase Details

Listed on
Nov 21, 2014
Closed on
Dec 18, 2014
Sold by
Garcia Benson Deborah H
Bought by
Garcia Benson Deborah H and Stockton David Leib
Seller's Agent
Pam Luckey
Compass
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$729,950
Sold Price
$700,000
Premium/Discount to List
-$29,950
-4.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$428,619
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$740,416

Purchase Details

Closed on
Oct 10, 2007
Sold by
Benson Debi Garcia
Bought by
Stockton David L and Garcia Benson Deborah H

Purchase Details

Closed on
Jun 15, 2007
Sold by
Garcia Benson Debi and Luckey Larry L
Bought by
Garcia Benson Debi and Luckey Larry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
6.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 3, 2004
Sold by
Luckey Larry L and Luckey Pamela S
Bought by
Luckey Larry L and Luckey Pamela S

Purchase Details

Closed on
Jan 13, 2004
Sold by
Hadfield Scott D and Hadfield Hope B
Bought by
Luckey Lawrence L and Luckey Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,800
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2001
Sold by
Hadfield Scott D and Hadfield Hope B
Bought by
Hadfield Scott D and Hadfield Hope B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2001
Sold by
Brown Brenda
Bought by
Brown Jerry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2001
Sold by
Brown Jerry M
Bought by
Hadfield Scott D and Hadfield Hope B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kasey D Kepp Revocable Living Trust -- None Available
Kepp Kasey $700,000 North American Title Company
Garcia Benson Deborah H -- North American Title Co Inc
Stockton David L -- None Available
Garcia Benson Deborah H -- None Available
Garcia Benson Debi -- Progressive Title Co Inc
Garcia Benson Debi -- Progressive Title Co Inc
Luckey Larry L -- --
Luckey Lawrence L $553,500 Orange Coast Title
Hadfield Scott D -- Southland Title
Brown Jerry M -- Chicago Title Co
Reynolds Kathy A -- Chicago Title Co
Hadfield Scott D $132,500 Chicago Title Co
Hadfield Scott D $132,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kepp Kasey $560,000
Previous Owner Garcia Benson Debi $504,000
Previous Owner Luckey Lawrence L $442,800
Previous Owner Hadfield Scott D $240,000
Previous Owner Hadfield Scott D $238,500
Closed Luckey Lawrence L $55,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2015 01/15/15 Sold $700,000 -4.1% $312 / Sq Ft
12/17/2014 12/17/14 Pending -- -- --
11/21/2014 11/21/14 For Sale $729,950 -- $325 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,770 $841,286 $588,902 $252,384
2024 $10,770 $824,791 $577,355 $247,436
2023 $10,586 $808,620 $566,035 $242,585
2022 $9,936 $792,766 $554,937 $237,829
2021 $9,735 $777,222 $544,056 $233,166
2020 $9,709 $769,554 $538,478 $231,076
2019 $9,594 $754,471 $527,920 $226,551
2018 $9,318 $739,684 $517,569 $222,115
2016 $8,575 $710,674 $497,472 $213,202
2015 $5,496 $450,000 $275,000 $175,000
2014 $5,569 $450,000 $275,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14246925

California Regional Multiple Listing Service (CRMLS)

APN: 7259-012-032