NOT LISTED FOR SALE

Estimated Value: $710,000 - $787,212

3 Beds
2 Baths
1,442 Sq Ft
$520/Sq Ft Est. Value

Last Sold March 30, 2015

Last sale price $345,000 $239 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,644/month

35 Days on Market

About This Home

As of March 2015

Look no further for a 2 unit property. The home sits on a great block with a wide street and Victorian homes. Live in one and rent the other. Why rent when you can own a property that pays you. Two separate homes make it great to have your privacy and make money just owning.

Last Agent to Sell the Property

Jay Romero

Miamar Realty License #01343079 Listed on: 10/22/2014

Last Buyer's Agent

Abigail Ruiz

Century 21 Masters License #01909418

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1923

Lot Details

  • 6,389 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,442 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 2324
  • Assessor Parcel Number 5016028005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $480
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,600
  • Operating Expense $5,880
  • Gross Income $2,705
  • Net Operating Income $2,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5016028005
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 239.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Gutters, Sidewalks, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6389.00
  • Lot Size Acres: 0.1470

Multi Family

  • Average2 Bed Area: 1750
  • Gross Income: 2705.00
  • Gross Scheduled Income: 32460.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6389.0000 Square Feet
  • Net Operating Income: 2205.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Expenses: 5880.00

Tax Info

  • New Taxes Expense: 3600.00
  • Tax Lot: 53
  • Tax Tract Number: 2324
  • Tax Annual Amount: 3307.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2014
Closed on
Mar 16, 2015
Sold by
Alarcon Imelda Guadalupe
Bought by
Menjivar Pedro M
Seller's Agent
Jay Romero
Miamar Realty
Buyer's Agent
Abigail Ruiz
Century 21 Masters
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Total Days on Market
35
Current Estimated Value
$750,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,053
Avg. Annual Appreciation
8.10%
Original Mortgage
$338,751
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 9, 2014
Sold by
Jupiter Investments Lp
Bought by
Menjivar Pedro M

Purchase Details

Closed on
Aug 26, 2010
Sold by
Zamani Parinaz and Montazeri Nima
Bought by
Jupiter Investments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 19, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Montazeri Nima and Zamani Parinaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.11%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 15, 2009
Sold by
Zhang Zhexiao
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 8, 2007
Sold by
Wang Yun
Bought by
Zhang Zhexioa

Purchase Details

Closed on
Aug 29, 2007
Sold by
Wells Fargo Bank Na
Bought by
Zhang Zhexioa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,575
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2007
Sold by
Luna Maria
Bought by
Wells Fargo Bank Na and Impac Secured Assets Corp Mortgage Pass

Purchase Details

Closed on
Nov 2, 2005
Sold by
Miranda Manuel Valladares
Bought by
Luna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.93%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 14, 2005
Sold by
Duarte Marcos and Duarte Maria
Bought by
Luna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.93%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 23, 2000
Sold by
Chavez Carmen
Bought by
Duarte Marcos and Duarte Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,250
Interest Rate
9.99%
Source: Public Records

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Range of Values:

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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
Menjivar Pedro M -- North American Title Company
Menjivar Pedro M $345,000 North American Title Company
Jupiter Investments Lp -- None Available
Montazeri Nima $150,000 Lsi Title Agency
Federal Home Loan Mortgage Corporation $259,861 Accommodation
Zhang Zhexioa -- Accommodation
Zhang Zhexioa $352,000 Lsi Title Company
Wells Fargo Bank Na $414,692 None Available
Luna Maria -- Gateway Title
Luna Maria $500,000 Gateway Title
Duarte Marcos -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menjivar Pedro M $100,000
Open Menjivar Pedro M $320,000
Closed Menjivar Pedro M $338,751
Previous Owner Jupiter Investments Lp $75,000
Previous Owner Jupiter Investments Lp $80,000
Previous Owner Zhang Zhexioa $316,575
Previous Owner Luna Maria $125,000
Previous Owner Luna Maria $375,000
Previous Owner Duarte Marcos $236,000
Previous Owner Duarte Marcos $190,000
Previous Owner Duarte Marcos $157,000
Previous Owner Duarte Marcos $140,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2015 03/30/15 Sold $345,000 -1.4% $239 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
10/22/2014 10/22/14 For Sale $349,900 0.0% $243 / Sq Ft
04/25/2014 04/25/14 Rented $1,750 -5.4% --
04/25/2014 04/25/14 Under Contract -- -- --
01/31/2014 01/31/14 For Rent $1,850 -- --
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
2024 $5,193 $406,501 $288,676 $117,825
2023 $5,100 $398,531 $283,016 $115,515
2022 $4,873 $390,717 $277,467 $113,250
2021 $4,807 $383,057 $272,027 $111,030
2020 $4,854 $379,130 $269,238 $109,892
2019 $4,669 $371,697 $263,959 $107,738
2018 $4,589 $364,410 $258,784 $105,626
2016 $4,384 $350,261 $248,736 $101,525
2015 $3,513 $277,158 $221,728 $55,430
2014 $3,539 $271,730 $217,385 $54,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14227513

California Regional Multiple Listing Service (CRMLS)

APN: 5016-028-005