$223,000
SOLD AUG 1, 2012
6 Beds
2 Baths
1,614 Sq Ft
5,347 Sq Ft Lot

Recently Sold

$138 Per Sq Ft

13% Above List Price

12 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Contemporary Architecture
  • No HOA
  • Laundry Room

About This Home

As of September 2014

Great location for rentals. Nice corner lot with 2 double car garages. Completely fenced yards. Units are average in condition. 2 three bedroom 1 bath units. Currently rent for $1200 per month.

Last Agent to Sell the Property

Reginald Warrick

Ball-Marz Properties License #00518499 Listed on: 04/20/2012

Last Buyer's Agent

Reginald Warrick

Ball-Marz Properties License #00518499 Listed on: 04/20/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,028

Year Built

  • Built in 1993

Lot Details

  • 5,347 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,614 Sq Ft Home
  • Carpet
  • Window Bars
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 11
  • Tax Tract Number 6307
  • Assessor Parcel Number 6181022016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $720
  • New Taxes Expense $2,400
  • Gross Income $28,800
  • Net Operating Income $24,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,028

Year Built

Built in 1993

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Security: Window Bars
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 6181022016
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 138.17
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 720.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5347.00
  • Lot Size Acres: 0.1230

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average3 Bed Area: 900
  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5347.0000 Square Feet
  • Net Operating Income: 24610.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 350.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Lot: 11
  • Tax Tract Number: 6307
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2014
Sold by
Mcmahon Mark Wayne
Bought by
Home Brand Properties Inc
Current Estimated Value
$705,232

Purchase Details

Listed on
Jul 7, 2014
Closed on
Sep 2, 2014
Sold by
Home Brand Properties Inc
Bought by
Luna Claudia
Seller's Agent
Carlos Cornejo
Carlos Cornejo, Broker
Buyer's Agent
Susana Hernandez
Prime Time Realty & Associates
List Price
$329,900
Sold Price
$345,000
Premium/Discount to List
$15,100
4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$335,805
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 23, 2013
Sold by
Home Brand Properties Inc
Bought by
Mcmahon Mark Wayne and Mcmahon Yuko

Purchase Details

Closed on
May 20, 2013
Sold by
Home Brand Properties Inc
Bought by
Mcmahon Mark Wayne and Mcmahon Yuko

Purchase Details

Listed on
Apr 20, 2012
Closed on
Jul 9, 2012
Sold by
Carrillo Marifeli
Bought by
Home Brand Properties Inc
Seller's Agent
Reginald Warrick
Ball-Marz Properties
Buyer's Agent
Reginald Warrick
Ball-Marz Properties
List Price
$197,000
Sold Price
$223,000
Premium/Discount to List
$26,000
13.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$76,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 8, 2006
Sold by
Carrillo Marifeli
Bought by
Carrillo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.49%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2006
Sold by
Carrillo Marifeli and Carrillo Marifelli
Bought by
Carrillo Marifeli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.49%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 28, 1994
Sold by
Martinez Elias and Martinez Micaela
Bought by
Carrillo Marifelli

Purchase Details

Closed on
May 18, 1994
Sold by
Carrillo Carlos
Bought by
Carrillo Marifeli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.75%

Purchase Details

Closed on
Mar 24, 1994
Sold by
Corona Carlos and Corona Marie
Bought by
Carrillo Marifeli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.75%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed -- First American Title Company
Grant Deed $342,000 First American Title Company
Quit Claim Deed -- None Available
Grant Deed -- Orange Coast Title Co
Grant Deed $223,000 Orange Coast Title Company O
Interfamily Deed Transfer -- Orange Coast Title Company O
Interfamily Deed Transfer -- Financial Title Company
Interfamily Deed Transfer -- Financial Title Company
Interfamily Deed Transfer -- Financial Title Company
Quit Claim Deed -- --
Grant Deed -- Fidelity National Title Ins
Grant Deed $160,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $333,500 New Conventional
Previous Owner $335,805 FHA
Previous Owner $76,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $350,000 Fannie Mae Freddie Mac
Previous Owner $350,000 Fannie Mae Freddie Mac
Previous Owner $128,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2014 09/10/14 Sold $345,000 +4.6% $214 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
07/07/2014 07/07/14 For Sale $329,900 +47.9% $205 / Sq Ft
08/01/2012 08/01/12 Sold $223,000 +13.2% $138 / Sq Ft
05/02/2012 05/02/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $197,000 -- $122 / 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 $6,028 $411,024 $170,657 $240,367
2024 $6,028 $402,965 $167,311 $235,654
2023 $5,786 $395,065 $164,031 $231,034
2022 $5,410 $387,319 $160,815 $226,504
2021 $5,506 $379,725 $157,662 $222,063
2019 $5,357 $368,465 $152,987 $215,478
2018 $5,186 $361,241 $149,988 $211,253
2016 $4,926 $347,215 $144,165 $203,050
2015 $4,677 $342,000 $142,000 $200,000
2014 $3,885 $270,000 $105,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: K12050268

California Regional Multiple Listing Service (CRMLS)

APN: 6181-022-016