NOT LISTED FOR SALE

Estimated Value: $642,000 - $717,000

3 Beds
3 Baths
14,526 Sq Ft
$47/Sq Ft Est. Value

Last Sold December 19, 2014

Last sale price $2,988,000 $206 Per Sq Ft

Current estimated payment $4,185/month

31 Days on Market

Highlights

  • 0.98 Acre Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of December 2014

The whole property was built in 2008 for all own addresses.
Addresses 1491, 1493, 1495, 1497 are in S White Ave, with 1621 sqft living area, 4 bedrooms, and 3 bathrooms for EACH unit.
Addresses 1479, 1483 are in S White Ave, with 1753 sqft living area, 4 bedroom, and 3 bathroom for EACH unit.
Addresses 1475, 1477, 1487 are in S White Ave, with 1512 sqft living area, 3 bedrooms, and 2.75 bathrooms for EACH unit.
All living rooms with fireplace. All the bedrooms have organizers in the closet. All kitchens with granite counter tops and stainless steel/sink, and maple cabinet. All bathrooms with granite counter tops and tile floor. Phone line and cable in every room. Dual-pane windows and Recessed lightings. Central air conditioner. 2 car attached garage. Security alarm system. Large common area with beautiful recreational area, and extra 9 parking spaces. Tile roof.
Tenants pay all utilities (water/sewer, gas, trash etc. ). Current owner is exempt from H.O.A fee because of paying fire insurance, garden and management fee etc.

Last Agent to Sell the Property

Nancy Liu

ReMax Elite Realty License #01022715 Listed on: 08/29/2014

ReMax Elite Realty

Last Buyer's Agent

Kevin Lee

Berkshire Hathaway HomeServices California Properties License #01720786

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,396

Year Built

  • Built in 2008

Lot Details

  • 0.98 Acre Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Concrete Roof

Interior Spaces

  • 14,526 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 62029
  • Assessor Parcel Number 8343008079

Community Details

Overview

  • 9 Buildings
  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $3,672
  • Insurance Expense $3,719
  • Maintenance Expense $2,281
  • New Taxes Expense $30,557
  • Gross Income $16,500
  • Net Operating Income $157,787

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,396

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 8343008079
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 205.70

Exterior Features

  • Pool Private: No
  • Roof: Concrete

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 42759.00
  • Lot Size Acres: 0.9820

Multi Family

  • Electric Expense: 3672.00
  • Gross Income: 16500.00
  • Gross Scheduled Income: 198000.00
  • Insurance Expense: 3719.00
  • Lot Size Area: 42759.0000 Square Feet
  • Maintenance Expense: 2281.00
  • Net Operating Income: 157787.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 9
  • Operating Expense: 37066.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 30557.00
  • Tax Lot: 1
  • Tax Tract Number: 62029
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2014
Closed on
Dec 17, 2014
Sold by
Golden Mine Llc
Bought by
Sun Group Llc
Seller's Agent
Nancy Liu
ReMax Elite Realty
Buyer's Agent
Kevin Lee
Berkshire Hathaway HomeServices California Properties
List Price
$2,988,000
Sold Price
$2,988,000
Current Estimated Value
$682,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,305,944
Avg. Annual Appreciation
-13.01%

Purchase Details

Closed on
Aug 11, 2006
Sold by
Cheng Shao Chung
Bought by
Golden Mine Llc

Purchase Details

Closed on
Nov 29, 2004
Sold by
Chen Ping I
Bought by
Cheng Shao Chung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2004
Sold by
Wei Cheng Kuo and Wei Shwu Jean
Bought by
Chen Ping I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 1996
Sold by
Marshall Winifred L
Bought by
Wei Cheng Kuo and Wei Shwu Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.01%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sun Group Llc $2,988,000 Fidelity National Title Co
Golden Mine Llc $420,000 Fidelity National Title
Cheng Shao Chung $420,000 Fidelity National Title
Chen Ping I $400,000 Security Union Title Co
Wei Cheng Kuo $150,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Group Llc $1,582,000
Closed Sun Group Llc $1,800,000
Previous Owner Golden Mine Llc $1,340,000
Previous Owner Cheng Shao Chung $294,000
Previous Owner Chen Ping I $319,000
Previous Owner Wei Cheng Kuo $105,000
Closed Chen Ping I $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2014 12/19/14 Sold $2,988,000 0.0% $206 / Sq Ft
10/07/2014 10/07/14 Rented $2,100 0.0% --
10/07/2014 10/07/14 For Rent $2,100 0.0% --
09/29/2014 09/29/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $2,988,000 0.0% $206 / Sq Ft
05/30/2012 05/30/12 Rented $2,000 -4.8% --
05/30/2012 05/30/12 Under Contract -- -- --
02/10/2012 02/10/12 For Rent $2,100 -- --
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 $5,396 $425,445 $214,767 $210,678
2024 $5,396 $417,104 $210,556 $206,548
2023 $5,289 $408,927 $206,428 $202,499
2022 $5,209 $400,910 $202,381 $198,529
2021 $5,089 $393,050 $198,413 $194,637
2019 $5,203 $381,394 $192,529 $188,865
2018 $4,806 $373,916 $188,754 $185,162
2016 $4,487 $359,398 $181,425 $177,973
2015 $4,449 $354,000 $178,700 $175,300
2014 $3,916 $304,928 $112,446 $192,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14186856

California Regional Multiple Listing Service (CRMLS)

APN: 8343-008-079