NOT LISTED FOR SALE

15249 Gresham St North Hills, CA 91343

Estimated Value: $1,089,000 - $1,489,000

8 Beds
4 Baths
3,375 Sq Ft
$386/Sq Ft Est. Value

Last Sold May 18, 2017

Last sale price $790,000 $234 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,769/month

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Wood Frame Window
  • Valley Academy of Arts & Sciences Rated A-
  • No HOA
  • 4-minute walk to North Hills Community Park

About This Home

As of May 2017

This income Property features 4 units with 2 bedrooms and 1 bathroom, dinning area and living room, and a common Laundry room. It is located in a high rental demand area, is currently fully occupied and the building is in very good conditions, units were recently renovated. This a very good investment with great financial future. AGENTS PLEASE DRIVE BY ONLY, INTERNAL INSPECTION IS SUBJECT TO ACCEPTED OFFER. No sign on property. Questions call agent.

Last Agent to Sell the Property

Mario Lopez

Pinnacle Estate Properties License #01248107 Listed on: 08/13/2016

Pinnacle Estate Properties

Last Buyer's Agent

Martin Ordonez

No Firm Affiliation License #01098155

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,275

Year Built

  • Built in 1955

Lot Details

  • 6,890 Sq Ft Lot
  • Lot Dimensions are 51x135
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,375 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Wood Frame Window
  • Termite Clearance
  • Property Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Satellite Dish

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 19151
  • Assessor Parcel Number 2654009010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Water Sewer Expense $3,000
  • Operating Expense $3,600
  • Gross Income $60,756
  • Net Operating Income $57,156

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,275

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Number: 818-402-7274
  • Price Per Unit: 199750
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR3
  • Architectural Style: Contemporary, Traditional
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2654009010
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 234.07
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Satellite Dish
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Rectangular Lot, Near Public Transit, Paved, Walkstreet
  • Lot Size: 51x135
  • Lot Size Sq Ft: 6890.00
  • Price Per Lot Square Foot: 115.97

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 60756.00
  • Gross Operating Income: 60756.00
  • Gross Scheduled Income: 59556.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Net Operating Income: 57156.00
  • 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: 3600.00
  • Other Income Description: Laundry room
  • Rent Control: Yes
  • Total Actual Rent: 4963.00
  • Total Expenses: 3600.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 19151

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2016
Closed on
Apr 14, 2017
Sold by
Torres Ramona
Bought by
Olmos Joel R and Olmos Maria A
Seller's Agent
Mario Lopez
Pinnacle Estate Properties
Buyer's Agent
Martin Ordonez
No Firm Affiliation
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%
Current Estimated Value
$1,302,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,127
Avg. Annual Appreciation
6.09%
Original Mortgage
$590,250
Outstanding Balance
$489,691
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$812,436

Purchase Details

Closed on
Dec 7, 2006
Sold by
Rodarte Pascual
Bought by
Torres Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
Rodarte Andrea Kiss
Bought by
Rodarte Pascual

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2003
Sold by
Sanchez Gustavo
Bought by
Rodarte Pascual

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2002
Sold by
Sanchez Martha G
Bought by
Sanchez Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.74%

Purchase Details

Closed on
Apr 11, 2002
Sold by
Ardi Inc
Bought by
Sanchez Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.74%

Purchase Details

Closed on
Dec 4, 2000
Sold by
Hud
Bought by
Ardi Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
9.09%

Purchase Details

Closed on
Sep 14, 1999
Sold by
Chase Mtg Company
Bought by
Hud

Purchase Details

Closed on
Jul 6, 1998
Sold by
Frost Chaddock Developers Llc
Bought by
Contreras Carlos and Lopez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,817
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 1998
Sold by
Washington Mutual Fa
Bought by
Frost/Chaddock Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
6.95%

Purchase Details

Closed on
Jul 1, 1997
Sold by
Barba Juan A and Barba Socorro
Bought by
Great Western Bank Fsb

Purchase Details

Closed on
Aug 3, 1993
Sold by
Barba Juan Antonio
Bought by
Barba Juan Antonio and Barba Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Olmos Joel R $787,000 Priority Title
Torres Ramona $730,000 Lawyers Title Company
Rodarte Pascual -- Lawyers Title Company
Rodarte Pascual $389,000 Southland Title
Sanchez Gustavo -- Chicago Title Co
Sanchez Gustavo $335,000 Chicago Title
Ardi Inc $212,000 Chicago Title Co
Hud -- American Title
Chase Mtg Company $224,747 American Title
Contreras Carlos $220,000 Equity Title Company
Frost/Chaddock Developers Llc $115,000 Chicago Title Co
Great Western Bank Fsb $66,150 Stewart Title
Barba Juan Antonio -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olmos Joel R $590,250
Previous Owner Torres Ramona $572,000
Previous Owner Rodarte Pascual $318,500
Previous Owner Rodarte Pascual $311,200
Previous Owner Sanchez Gustavo $268,000
Previous Owner Ardi Inc $169,600
Previous Owner Contreras Carlos $212,817
Previous Owner Frost/Chaddock Developers Llc $110,500
Previous Owner Barba Juan Antonio $154,000
Closed Sanchez Gustavo $50,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2017 05/18/17 Sold $790,000 -1.1% $234 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
08/13/2016 08/13/16 For Sale $799,000 -- $237 / 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 $11,275 $913,374 $547,793 $365,581
2024 $11,275 $895,465 $537,052 $358,413
2023 $11,062 $877,908 $526,522 $351,386
2022 $10,556 $860,696 $516,199 $344,497
2021 $10,415 $843,821 $506,078 $337,743
2019 $10,109 $818,794 $491,068 $327,726
2018 $9,975 $802,740 $481,440 $321,300
2016 $8,925 $722,000 $538,700 $183,300
2015 $8,068 $650,000 $485,000 $165,000
2014 $8,271 $650,000 $485,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16180773

California Regional Multiple Listing Service (CRMLS)

APN: 2654-009-010