NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,426,640

8 Beds
4 Baths
3,642 Sq Ft
$332/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $1,180,000 $324 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,734/month

5 Days on Market

Highlights

  • Laundry Room
  • Central Air
  • Stacked Washer and Dryer
  • Tile Flooring
  • 4 Car Garage
  • Back and Front Yard

About This Home

As of July 2021

Beautiful Spanish architecture with many dated details that add to the beauty of this fourplex... From the tiled roof to exposed wood under the upstairs units, down to the detached garages. Sellers have invested over $200K, bringing this beautiful property back to its original splendor! Each unit has been lovingly updated to provide a joyful living experience for each tenant. All units are 2 bed/1 bath each. Three of the for units have brand new kitchens, updated bathrooms and flooring, while the 4th unit has new bathrooms and flooring only but still with lots of space and well cared details. The property has been freshly painted on the exterior and most of the interior and includes all new double pane windows too. These units are situated near everything, from transportation to eateries, parks and freeways... Don't miss out on this great opportunity! Live in one and pay your mortgage with the help of the rental income!

Last Agent to Sell the Property

Leticia Georgia

Realty Masters & Associates License #01714620 Listed on: 05/02/2021

Realty Masters & Associates

Last Buyer's Agent

Noe Reyes

KASE Real Estate License #02087088

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 5,847 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 28
  • Tax Tract Number 10378
  • Assessor Parcel Number 6185007035

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $2,400
  • Insurance Expense $1,800
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,339
  • Operating Expense $19,039
  • Gross Income $86,468
  • Net Operating Income $68,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6185007035
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 324.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5847.00
  • Lot Size Acres: 0.1342

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 910 Square Feet
  • Electric Expense: 1500.00
  • Gross Income: 86468.00
  • Gross Scheduled Income: 86468.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5847.0000 Square Feet
  • Net Operating Income: 68468.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 19039.00
  • Rent Control: Yes
  • Total Actual Rent: 5080.00
  • Total Expenses: 19039.00

Tax Info

  • New Taxes Expense: 10339.00
  • Tax Census Tract: 5421.04
  • Tax Lot: 28
  • Tax Tract Number: 10378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2018
Closed on
Feb 13, 2018
Sold by
Jones Veronica
Bought by
Espy Travon T and Espy Orenda M
Seller's Agent
traves mcneil
The McNeil Group Real Estate Brokerage
Buyer's Agent
Leticia Georgia
Realty Masters & Associates
List Price
$720,000
Sold Price
$700,000
Premium/Discount to List
-$20,000
-2.78%
Current Estimated Value
$1,207,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,410
Avg. Annual Appreciation
7.24%
Original Mortgage
$709,852
Outstanding Balance
$604,746
Interest Rate
4.32%
Mortgage Type
VA
Estimated Equity
$602,664
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Espy Travon T $700,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espy Travon T $709,852
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2021 07/14/21 Sold $1,180,000 +2.6% $324 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
05/02/2021 05/02/21 For Sale $1,150,000 +64.3% $316 / Sq Ft
03/20/2018 03/20/18 Sold $700,000 -2.8% $192 / Sq Ft View Prior Sale
01/02/2018 01/02/18 For Sale $720,000 -- $198 / 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 $17,114 $1,252,224 $636,724 $615,500
2024 $16,813 $1,227,672 $624,240 $603,432
2023 $16,264 $1,203,600 $612,000 $591,600
2022 $15,129 $1,180,000 $600,000 $580,000
2021 $10,539 $735,824 $210,235 $525,589
2020 $10,339 $728,280 $208,080 $520,200
2019 $10,252 $714,000 $204,000 $510,000
2018 $4,598 $236,679 $85,563 $151,116
2016 $4,369 $227,491 $82,242 $145,249
2015 $4,197 $224,075 $81,007 $143,068
2014 $4,159 $219,687 $79,421 $140,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21093272

California Regional Multiple Listing Service (CRMLS)

APN: 6185-007-035