NOT LISTED FOR SALE

Estimated Value: $768,000 - $866,000

4 Beds
2 Baths
1,532 Sq Ft
$528/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $545,000 $356 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,159/month

140 Days on Market

Highlights

  • Evaporated cooling system
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2020

AFFORDABLE INVESTMENT OPPORTUNITY** Great Duplex in Sylmar ** Hard to find duplex set up with one car garage for each and additional carport ** Each unit has its own private yard and feels like a house **Each unit comes with :Large tiled living room,two large bedrooms including huge master bedroom and one bathroom ** Nice tiled kitchen with good cabinets , a breakfast nook on each unit ** Newer Exterior and interior paint ** New water heater and swamp cooler in one unit ** Separate gas and electric meters and water heaters**Cap rate is about 5%.

Last Agent to Sell the Property

Maurice Mirmehdi

Pinnacle Estate Properties, Inc. License #01169091 Listed on: 08/08/2019

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Josephina Fajardo

Del Sol Realty License #00913671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,374

Year Built

  • Built in 1955

Lot Details

  • 6,004 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,532 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 150
  • Tax Tract Number 10585
  • Assessor Parcel Number 2505012012

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,200
  • Pest Control $225
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,875
  • Operating Expense $9,500
  • Gross Income $36,500
  • Net Operating Income $26,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,374

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 2505012012
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 355.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 225.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Gross Income: 36500.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 26500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9500.00
  • Rent Control: Yes
  • Total Expenses: 9500.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 1070.10
  • Tax Lot: 150
  • Tax Tract Number: 10585

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2022
Sold by
Castillo Michael A and Castillo Lourdes V
Bought by
Mlc Granada Hills Llc
Total Days on Market
140
Current Estimated Value
$809,571

Purchase Details

Listed on
Aug 8, 2019
Closed on
Feb 20, 2020
Sold by
Curiel Baudelio
Bought by
Castillo Michael A and Castillo Lourdes V
Seller's Agent
Maurice Mirmehdi
Pinnacle Estate Properties, Inc.
Buyer's Agent
Josephina Fajardo
Del Sol Realty
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Original Mortgage
$381,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2018
Closed on
Feb 2, 2018
Sold by
Scv Property Holdings Llc
Bought by
Curiel Baudelio
Seller's Agent
Jeff Brandolino
Brandolino Group
Buyer's Agent
Maurice Mirmehdi
Pinnacle Estate Properties, Inc.
List Price
$489,000
Sold Price
$477,000
Premium/Discount to List
-$12,000
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Dec 22, 2011
Sold by
Ramirez Salvador Zepeda
Bought by
Tbb Valley Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,050
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2006
Sold by
Salazar Jesus J
Bought by
Ramirez Salvador Zepeda and Zepeda 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
$128,000
Interest Rate
6.41%
Mortgage Type
Credit Line Revolving
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
Mlc Granada Hills Llc -- --
Castillo Michael A $545,000 Pacific Coast Title Company
Curiel Baudelio $477,000 Orange Coast Title Company
Tbb Valley Investments Llc $204,400 Accommodation
Ramirez Salvador Zepeda $640,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Michael A $381,500
Previous Owner Scv Property Holdings Llc $169,000
Previous Owner Scv Property Holdings Llc $169,000
Previous Owner Tbb Valley Investments Llc $106,050
Previous Owner Ramirez Salvador Zepeda $128,000
Previous Owner Ramirez Salvador Zepeda $512,000
Previous Owner Salazar Jesus J $121,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2020 02/27/20 Sold $545,000 -0.9% $356 / Sq Ft
12/26/2019 12/26/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $550,000 +15.3% $359 / Sq Ft
02/13/2018 02/13/18 Sold $477,000 -2.5% $311 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $489,000 -- $319 / 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 $7,374 $584,346 $350,607 $233,739
2023 $7,234 $572,889 $343,733 $229,156
2022 $6,903 $561,657 $336,994 $224,663
2021 $6,817 $550,645 $330,387 $220,258
2020 $6,298 $496,730 $187,272 $309,458
2019 $6,056 $487,000 $183,600 $303,400
2018 $3,461 $269,808 $161,168 $108,640
2016 $3,299 $258,890 $154,910 $103,980
2015 $3,253 $255,003 $152,584 $102,419
2014 $3,276 $250,009 $149,596 $100,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19189939

California Regional Multiple Listing Service (CRMLS)

APN: 2505-012-012