$960,000
SOLD FEB 14, 2025
3 Beds
2 Baths
1,900 Sq Ft
0.34 Acres

Recently Sold

$505 Per Sq Ft

4% Below List Price

117 Days on Market

Highlights

  • 0.34 Acre Lot
  • Wood Flooring
  • Laundry Room
  • La Serna High School Rated A
  • Lawn
  • Central Heating and Cooling System

About This Home

As of February 2025

Welcome to your next investment opportunity! This impressive income-producing property boasts an expansive lot perfect for future development! Situated on 14,651 sq feet of prime real estate, this gem is not only a lucrative investment but also offers endless possibilities for creative enhancements. It has the possibility of a lot split (check with City/County for requirements). Currently shows as an SFR with one 2 bed 1 bath home, but there is an income producing 2nd home on the lot. With a history of high occupancy rates, this property ensures a stable and reliable income stream. The lot offers room for ADU’s or additions. Ample parking space for tenants and guests. This property is located in an UNINCORPORATED area! This property and land offers great potential and opportunity!

Last Agent to Sell the Property

Zach Mickelson

Real Broker Brokerage Phone: 714-686-0653 License #02168856 Listed on: 08/01/2024

Real Broker

Co-Listed By

Brad Kerr

BK Platinum Properties Brokerage Phone: 714-686-0653 License #01182768

Last Buyer's Agent

Zach Mickelson

Real Broker Brokerage Phone: 714-686-0653 License #02168856 Listed on: 08/01/2024

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.34 Acre Lot
  • Level Lot
  • Lawn
  • Back Yard
  • Property is zoned LCRA6000*

Parking

  • 2 Car Garage
  • Driveway Level
  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Copper Plumbing

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 8227017038
  • $637 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 3063.00
  • Property Attached: No
  • Zoning: LCRA6000*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 8227017038
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 505.26
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Driveway Level, Garage, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 14651.00
  • Lot Size Acres: 0.3363

Multi Family

  • Gross Income: 44460.00
  • Gross Scheduled Income: 44460.00
  • Insurance Expense: 792.00
  • Lot Size Area: 14651.0000 Square Feet
  • Maintenance Expense: 1060.00
  • Net Operating Income: 36990.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7470.00
  • Other Expense: 2555.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Expenses: 7470.00

Tax Info

  • Tax Census Tract: 5035.01
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 637.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Jan 29, 2025
Sold by
Porter Family Trust and Porter Thomas L
Bought by
Llorens Jean Marcel and Marcial Mayra Crisanta
Seller's Agent
Zach Mickelson
Real Broker
Buyer's Agent
Zach Mickelson
Real Broker
List Price
$999,999
Sold Price
$960,000
Premium/Discount to List
-$39,999
-4%
Views
211
Current Estimated Value
$885,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,502
Avg. Annual Appreciation
-8.15%
Original Mortgage
$760,000
Outstanding Balance
$753,492
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$132,006

Purchase Details

Closed on
May 19, 2016
Sold by
Porter Thomas L
Bought by
Porter Family Trust

Purchase Details

Closed on
Sep 30, 2009
Sold by
Porter Thomas L and Porter Barbara A
Bought by
Porter Thomas L

Purchase Details

Closed on
Apr 17, 2006
Sold by
Porter Thomas L
Bought by
Porter Thomas L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $960,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $960,000 -2.0% $505 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $980,000 -2.0% $516 / Sq Ft
08/01/2024 08/01/24 For Sale $999,999 0.0% $526 / Sq Ft
12/14/2015 12/14/15 Rented $1,950 0.0% --
10/12/2015 10/12/15 For Rent $1,950 +2.4% --
10/11/2014 10/11/14 Rented $1,905 +3.0% --
09/11/2014 09/11/14 Under Contract -- -- --
08/27/2014 08/27/14 For Rent $1,850 +12.5% --
08/18/2012 08/18/12 Rented $1,645 +3.1% --
08/18/2012 08/18/12 Under Contract -- -- --
07/31/2012 07/31/12 For Rent $1,595 -- --
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 $1,443 $80,802 $38,426 $42,376
2024 $1,443 $79,219 $37,673 $41,546
2023 $1,422 $77,667 $36,935 $40,732
2022 $1,392 $76,145 $36,211 $39,934
2021 $1,362 $74,652 $35,501 $39,151
2019 $1,335 $72,440 $34,449 $37,991
2018 $1,225 $71,021 $33,774 $37,247
2016 $1,151 $68,264 $32,463 $35,801
2015 $1,140 $67,240 $31,976 $35,264
2014 $1,138 $65,924 $31,350 $34,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24156664

California Regional Multiple Listing Service (CRMLS)

APN: 8227-017-038