NOT LISTED FOR SALE

Estimated Value: $654,000 - $801,000

4 Beds
2 Baths
2,200 Sq Ft
$331/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $395,000 $180 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,243/month

95 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Paved or Partially Paved Lot

About This Home

As of December 2016

Two unit duplex with one unit occupied by tenants!!! Two 2 bedroom 1 bath units each with their own laundry, and recently remodeled. One unit features upgraded cabinets, granite counters, tile and laminate flooring, and the second unit features upgraded cabinets, tile flooring, and laminate flooring. Unit rent is $1,350 a month for the non-upgraded unit. There is also a detached garage in the back as well that is currently being used for storage. This area features neighbors that are currently getting updated and expanded, and this home could possibly be expanded for further rental income. Per city website, home is zoned RD2-1 which may allow the addition of more units or a apartment home. Buyer shall verify all information with city.

Last Agent to Sell the Property

Jonathan Petersen

Taravo Realty License #01858892 Listed on: 08/15/2016

Last Buyer's Agent

David Norman

Boardwalk Real Estate, Inc. License #01116835

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 4,960 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot

Parking

  • 1 Car Garage

Home Design

  • 2,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 39
  • Tax Tract Number 1
  • Assessor Parcel Number 5101012027

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $60
  • Water Sewer Expense $1,440
  • New Taxes Expense $4,200
  • Gross Income $2,850
  • Net Operating Income $2,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 5101012027
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 179.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 4960.00
  • Price Per Lot Square Foot: 80.62

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 1100
  • Average2 Bed Area: 1100
  • Gross Income: 2850.00
  • Gross Scheduled Income: 2850.00
  • Insurance Expense: 60.00
  • Net Operating Income: 2850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 2850.00

Tax Info

  • New Taxes Expense: 4200.00
  • Tax Lot: 39
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2016
Sold by
Gallegos Olga
Bought by
Kahennian Mansour and 2006 Mansour Kahennian Revocable Living
Current Estimated Value
$727,248

Purchase Details

Closed on
Apr 16, 2005
Sold by
Torres Carlos and Torres Olga
Bought by
Torres Olga
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kahennian Mansour $395,000 First American Title Company
Torres Olga -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $395,000 -6.0% $180 / Sq Ft
11/18/2016 11/18/16 Price Changed $420,000 0.0% $191 / Sq Ft
11/18/2016 11/18/16 For Sale $420,000 +5.0% $191 / Sq Ft
09/05/2016 09/05/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $399,900 0.0% $182 / Sq Ft
08/08/2016 08/08/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $399,900 -- $182 / 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 $5,727 $458,425 $226,311 $232,114
2024 $5,727 $449,437 $221,874 $227,563
2023 $5,620 $440,625 $217,524 $223,101
2022 $5,364 $431,986 $213,259 $218,727
2021 $5,293 $423,517 $209,078 $214,439
2019 $5,138 $410,958 $202,878 $208,080
2018 $5,049 $402,900 $198,900 $204,000
2016 $3,000 $242,023 $73,385 $168,638
2015 $2,957 $238,388 $72,283 $166,105
2014 $2,977 $233,720 $70,868 $162,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16118632

California Regional Multiple Listing Service (CRMLS)

APN: 5101-012-027