NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,189,000

9 Beds
6 Baths
3,256 Sq Ft
$332/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $750,000 $230 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,852/month

11 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Carpet
  • Accessible Parking
  • Wood Fence

About This Home

As of November 2020

Duplex with Section 8 tenants. Close to Freeway 110 and 105. One water meter. Tenants pay for Electric and owner pays for water. One unit is 5 bed 3 bath 2 car garage and another unit si 4 bed 3 bath and 1 car garage.

Last Agent to Sell the Property

Chris Lim

Bestway Realty License #01412845 Listed on: 09/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,966

Year Built

  • Built in 2015

Lot Details

  • 5,413 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 3,256 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / A
  • Tax Tract Number 4169
  • Assessor Parcel Number 6040040002

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Trash Expense $2,500
  • Water Sewer Expense $2,500
  • New Taxes Expense $11,125
  • Operating Expense $17,845
  • Gross Income $69,756
  • Net Operating Income $51,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,966

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2500.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6040040002
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.34

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5413.00
  • Lot Size Acres: 0.1243

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 69756.00
  • Gross Scheduled Income: 69756.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5413.0000 Square Feet
  • Net Operating Income: 51911.00
  • Number Of Rented Garages: 3
  • 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: 17845.00
  • Rent Control: No
  • Total Expenses: 17845.00

Tax Info

  • New Taxes Expense: 11125.00
  • Tax Block: A
  • Tax Census Tract: 2402.00
  • Tax Lot: 2
  • Tax Tract Number: 4169

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Nov 23, 2020
Sold by
Kang Scott and Yoon Hye Jin
Bought by
4516 S Central Ave Llc
Seller's Agent
Chris Lim
Bestway Realty
Buyer's Agent
Chris Lim
Bestway Realty
List Price
$890,000
Sold Price
$750,000
Premium/Discount to List
-$140,000
-15.73%
Current Estimated Value
$1,080,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,885
Avg. Annual Appreciation
8.57%
Original Mortgage
$525,000
Outstanding Balance
$472,474
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$617,751

Purchase Details

Closed on
Jan 19, 2017
Sold by
Kim Jeng Hun Thomas Jung
Bought by
Kang Scott and Kang Hye Jin Yoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Kim Jeannette Hana
Bought by
Kim Jeng Hun Thomas Jung

Purchase Details

Closed on
Mar 27, 2015
Sold by
Ocean Development Inc
Bought by
Kim Jeng Hun Thomas Jung and Kim Yunis Yunhee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2014
Closed on
Sep 19, 2014
Sold by
Noriega Juana
Bought by
Ocean Development Inc
Seller's Agent
Andres De Mendoza
CRMLS Member Transfer
Buyer's Agent
Carlos Romero
MAXI Realty Group
List Price
$185,000
Sold Price
$210,000
Premium/Discount to List
$25,000
13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.67%
Original Mortgage
$328,000
Interest Rate
4.08%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 27, 2006
Sold by
Noriega Juana and Soto Sebastian
Bought by
Noriega Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2004
Sold by
Guevara Celso B and Guevara Ana
Bought by
Noriega Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Arrtaga Roberto
Bought by
Guevara Celso B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,804
Interest Rate
5.17%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2002
Sold by
Arriaga Roberto
Bought by
Guevara Celso B
Source: Public Records

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Range of Values:

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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
4516 S Central Ave Llc $750,000 Ticor Title Company
Kang Scott $750,000 Lawyers Title
Kim Jeng Hun Thomas Jung -- Lawyers Title
Kim Jeng Hun Thomas Jung $610,000 Lawyers Title
Ocean Development Inc $210,000 Pacific Coast Title Company
Noriega Juana -- Investors Title Company
Noriega Juana $270,000 Stewart Title
Guevara Celso B $169,000 United Title Company
Guevara Celso B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4516 S Central Ave Llc $525,000
Previous Owner Kang Scott $525,000
Previous Owner Ocean Development Inc $465,000
Previous Owner Kim Jeng Hun Thomas Jung $452,500
Previous Owner Ocean Development Inc $328,000
Previous Owner Ocean Development Inc $147,000
Previous Owner Noriega Juana $282,000
Previous Owner Noriega Juana $256,500
Previous Owner Guevara Celso B $145,804
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $750,000 -15.7% $230 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $890,000 +323.8% $273 / Sq Ft
10/17/2014 10/17/14 Sold $210,000 0.0% $210 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/17/2014 07/17/14 Off Market $210,000 -- --
07/17/2014 07/17/14 For Sale $185,000 -11.9% $185 / Sq Ft
05/20/2014 05/20/14 Off Market $210,000 -- --
05/16/2014 05/16/14 For Sale $185,000 -11.9% $185 / Sq Ft
04/28/2014 04/28/14 Off Market $210,000 -- --
04/16/2014 04/16/14 For Sale $185,000 -- $185 / 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
2024 $9,966 $795,905 $371,422 $424,483
2023 $9,776 $780,300 $364,140 $416,160
2022 $9,326 $765,000 $357,000 $408,000
2021 $9,199 $750,000 $350,000 $400,000
2020 $9,932 $795,906 $265,302 $530,604
2019 $9,543 $780,300 $260,100 $520,200
2018 $9,467 $765,000 $255,000 $510,000
2016 $7,535 $610,000 $210,000 $400,000
2015 $2,663 $210,000 $147,400 $62,600
2014 -- $198,000 $151,400 $46,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20203049

California Regional Multiple Listing Service (CRMLS)

APN: 6040-040-002