A
Seller's Agent in 2018
Anthony Quintero
Keller Williams Realty-Studio City
(818) 893-6900
10 Total Sales
15001 Paddock St Sylmar, CA 91342
Estimated Value: $857,000 - $1,096,000
5
Beds
2
Baths
1,838
Sq Ft
$507/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- No HOA
- Laundry Room
About This Home
As of September 2018Excellent opportunity to buy 2 separate homes on one huge 11,021 sq ft lot. Each home has it's own private yard. There is plenty of parking and for those who worry about the tenants water usage there are 2 separate water meters. So the tenant is responsible for all of their own utilities. The front house is a 2 bedroom and 1 one bath. You can get $2,000 a month in rent. Back house is a 3 bedroom and 1 bath. You can get $2,500 a month in rent. That gives you a 6.40% CAP Rate and A 11.65% GRM. That is a great deal for this market. It is also perfect for two families to buy it and occupy both homes. Hurry this will go fast. PLEASE DO NOT DISTURB THE TENANT IN THE FRONT HOUSE!
Last Agent to Sell the Property
Keller Williams Realty-Studio City License #01192373 Listed on: 06/04/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,401
Year Built
- Built in 1952
Lot Details
- 0.25 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 1,838 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 5813
- Assessor Parcel Number 2604029016
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $919
- Maintenance Expense $2,357
- Other Expense $400
- New Taxes Expense $77,863
- Operating Expense $12,139
- Gross Income $40,241
- Net Operating Income $40,241
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2018
Closed on
Aug 23, 2018
Sold by
Cortez Ralph E and Ralph Cortez Trust
Bought by
Parada Jackqueline Isseth and Parada Josefa Miriam
Seller's Agent
Anthony Quintero
Keller Williams Realty-Studio City
Buyer's Agent
Benjamin Iraheta
RBS Realty
List Price
$619,900
Sold Price
$615,000
Premium/Discount to List
-$4,900
-0.79%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,564
Avg. Annual Appreciation
6.11%
Original Mortgage
$531,898
Outstanding Balance
$464,434
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$468,130
Purchase Details
Closed on
Jun 7, 2017
Sold by
Cortez Ralph E
Bought by
Cortez Ralph E and Ralph Cortez Trust
Purchase Details
Closed on
Sep 1, 2016
Sold by
Cortez Luis E
Bought by
Cortez Luis E and Luis E Cortez Trust
Purchase Details
Closed on
Jul 10, 2001
Sold by
Cortez Margaret
Bought by
Cortez Margaret E and Margaret Cortez Trust
Purchase Details
Closed on
Aug 26, 2000
Sold by
Henry E Cortez Living Trust and Margaret
Bought by
Cortez Margaret
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parada Jackqueline Isseth | $615,000 | Stewart Title Of California | |
| Cortez Ralph E | -- | None Available | |
| Cortez Ralph E | -- | None Available | |
| Cortez Luis E | -- | None Available | |
| Cortez Luis E | -- | None Available | |
| Cortez Margaret E | -- | -- | |
| Cortez Luis E | -- | -- | |
| Cortez Margaret | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parada Jackqueline Isseth | $531,898 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2018 09/25/18 | Sold | $615,000 | -0.8% | $335 / Sq Ft |
| 08/22/2018 08/22/18 | Pending | -- | -- | -- |
| 06/04/2018 06/04/18 | For Sale | $619,900 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,401 | $686,039 | $557,756 | $128,283 |
| 2024 | $8,401 | $672,588 | $546,820 | $125,768 |
| 2023 | $8,241 | $659,401 | $536,099 | $123,302 |
| 2022 | $7,863 | $646,473 | $525,588 | $120,885 |
| 2021 | $7,762 | $633,798 | $515,283 | $118,515 |
| 2020 | $7,837 | $627,300 | $510,000 | $117,300 |
| 2019 | $7,532 | $615,000 | $500,000 | $115,000 |
| 2018 | $5,122 | $408,000 | $306,000 | $102,000 |
| 2017 | $3,754 | $294,610 | $168,315 | $126,295 |
| 2016 | $1,864 | $145,689 | $56,756 | $88,933 |
| 2015 | $1,838 | $143,502 | $55,904 | $87,598 |
| 2014 | $1,859 | $140,692 | $54,809 | $85,883 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Quintero
-
Benjamin Iraheta
Buyer's Agent in 2018
Benjamin Iraheta
RBS Realty
(818) 238-7387
1 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18131956
APN: 2604-029-016
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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