NOT LISTED FOR SALE

Estimated Value: $1,258,000 - $1,628,000

10 Beds
4 Baths
3,520 Sq Ft
$410/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $760,000 $216 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $8,805/month

6 Days on Market

About This Home

As of October 2016

1920'S 4PLEX LOCATED ON A NICE QUIET STREET! 4 UNITS CONSISTING OF 2- 2BED/1BATH UNITS AND 2-3BED/1BATH UNITS! GREAT UNIT MIX. EACH UNIT COMES WITH A 1 CAR GARAGE AND WASHER/DRYER INSIDE THEIR UNIT! 5 GARAGES TOTAL ON PROPERTY. SEPARATELY METERED FOR GAS AND ELECTRIC. SELLER PAYS WATER AND TRASH ONLY! PRICED TO SELL AT A 11.6 X GROSS AND 5.9 CAP! DO NOT MISS THIS GREAT INVESTMENT OPPORTUNITY. THIS PROPERTY WILL NOT LAST LONG!!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 09/28/2016

Last Buyer's Agent

Wolf Baschung

MW Real Estate License #01369850

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,804 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,520 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7518
  • Assessor Parcel Number 7269040010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $66,096
  • Net Operating Income $44,945

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.90
  • Property Attached: Yes
  • Zoning: LBR4N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269040010
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 215.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4804.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 880 Square Feet
  • Average3 Bed Area: 880 Square Feet
  • Gross Income: 66096.00
  • Gross Multiplier: 11.60
  • Gross Scheduled Income: 66096.00
  • Net Operating Income: 44945.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21151.00
  • Rent Control: No
  • Total Actual Rent: 5508.00

Tax Info

  • Tax Census Tract: 5754.01
  • Tax Lot: 11
  • Tax Tract Number: 7518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2022
Sold by
Elghanian Shohreh Mizrahi
Bought by
2006 Siamak Elghanian And Shohreh Elghanian R
Current Estimated Value
$1,441,759

Purchase Details

Closed on
Feb 12, 2020
Sold by
Elghanian Siamek
Bought by
Elghanian Shohreh Mizrahi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2020
Sold by
Mw Mar Vista Investments Llc
Bought by
Elghanian Shohreh Mizrahi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2016
Closed on
Oct 6, 2016
Sold by
Bushman Jeremy
Bought by
Mw Mar Vista Investment Llc
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Wolf Baschung
MW Real Estate
List Price
$765,000
Sold Price
$760,000
Premium/Discount to List
-$5,000
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%

Purchase Details

Closed on
Jan 4, 2013
Sold by
Castaneda Angelina
Bought by
Bushman Jeremy and Bushman Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2011
Sold by
Castaneda Angelina
Bought by
Castaneda Angelina and The Angelina Castaneda Revocable Trust

Purchase Details

Closed on
Jul 27, 2005
Sold by
Syba Group Llc
Bought by
Castaneda Angelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Lazarus Scott and Lazarus Yana
Bought by
Syba Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Lazarus Scott and Lazarus Yana
Bought by
Lazarus Scott

Purchase Details

Closed on
Apr 28, 2004
Sold by
3547 Inc
Bought by
Lazarus Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2003
Sold by
Smith Carolyn
Bought by
Smith Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2003
Sold by
Franks O D O and Franks Lois
Bought by
Smith Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Arce Francisco and Arce Isabel R
Bought by
Franks O D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6%

Purchase Details

Closed on
Apr 12, 2000
Sold by
Trust Cuny Eugene J Jr Co Tr Cuny Family and Pauline Cuny E
Bought by
Arce Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
8.39%
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
2006 Siamak Elghanian And Shohreh Elghanian R -- --
Elghanian Shohreh Mizrahi -- Lawyers Title
Elghanian Shohreh Mizrahi $1,075,000 Lawyers Title
Mw Mar Vista Investment Llc $760,000 North American Title Company
Bushman Jeremy $310,000 Netco Title Company
Castaneda Angelina -- None Available
Castaneda Angelina $800,000 Lawyers Title
Syba Group Llc -- Lawyers Title
Lazarus Scott -- --
Lazarus Scott $650,000 --
3547 Inc -- --
Smith Gary -- Investors Title Company
Smith Gary $415,000 Investors Title Company
Franks O D $315,000 Fidelity National Title Co
Arce Francisco $172,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elghanian Shohreh Mizrahi $806,250
Previous Owner Bushman Jeremy $248,000
Previous Owner Castaneda Angelina $640,000
Previous Owner Lazarus Scott $520,000
Previous Owner Smith Gary $332,000
Previous Owner Franks O D $252,000
Previous Owner Arce Francisco $137,600
Closed Franks O D $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2016 10/20/16 Sold $760,000 -0.7% $216 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $765,000 +110.7% $217 / Sq Ft
10/01/2012 10/01/12 Sold $363,000 +15.2% $103 / Sq Ft View Prior Sale
08/17/2012 08/17/12 Pending -- -- --
04/28/2012 04/28/12 For Sale $315,000 -- $89 / 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 $15,191 $1,175,664 $437,456 $738,208
2024 $15,191 $1,152,613 $428,879 $723,734
2023 $14,935 $1,130,014 $420,470 $709,544
2022 $14,022 $1,107,858 $412,226 $695,632
2021 $13,737 $1,086,137 $404,144 $681,993
2020 $10,478 $807,218 $265,302 $541,916
2019 $10,357 $791,404 $260,100 $531,304
2018 $10,043 $775,900 $255,000 $520,900
2016 $6,511 $509,714 $208,047 $301,667
2015 $6,258 $502,058 $204,922 $297,136
2014 $6,230 $492,224 $200,908 $291,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16712858

California Regional Multiple Listing Service (CRMLS)

APN: 7269-040-010