$1,301,000
SOLD MAR 17, 2022
6 Beds
2 Baths
1,632 Sq Ft
6,427 Sq Ft Lot

Recently Sold

$797 Per Sq Ft

1% Above List Price

7 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • No HOA
  • John Muir High School Rated A-
  • Private Yard
  • Beamed Ceilings

About This Home

As of March 2022

CASH COW! Great investment property located in a beautiful tree lined neighborhood. Fully remodeled duplex: Rare find two detached homes sitting side by side on one lot. First unit address is 1585. Second unit is 1605. Each unit has 3 beds and 1 bath, approximate 800 sqft. Each has its own attached 2 car garage, private yard and patio. Brand new copper pipelines. New flooring, new kitchen counter top and cabinets. New renovated bathrooms. New ductless AC and heat energy saving system. New double pane windows. New sprinkler drip systems at front & back yards. New fence for tenants privacy. Walkable distance to the world famous Rose Bowl. Convenient access to 210/134 freeway. Both units generate excellent rental income. Make an appointment today to check out this amazing opportunity!

Last Agent to Sell the Property

SILVIA CHEUNG

KW VISION License #02098781 Listed on: 01/17/2022

KW VISION

Last Buyer's Agent

Trai Dinh Ho

REAL ESTATE EBROKER INC. License #02103367

REAL ESTATE EBROKER INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,389

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 6,427 Sq Ft Lot
  • Property fronts a highway
  • No Common Walls
  • Vinyl Fence
  • New Fence
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Family Room
  • Living Room
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Free-Standing Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Ductless Heating Or Cooling System
  • High Efficiency Air Conditioning
  • Humidity Control
  • High Efficiency Heating System
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Assessor Parcel Number 5825021001
  • $529 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Operating Expense $1,000
  • Gross Income $72,600
  • Net Operating Income $71,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,389

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 644000
  • Property Attached: No
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: PSR1
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5825021001
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Copper Plumbing Full, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 797.18
  • Room Type: Family Room, Kitchen, Living Room
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: New Condition, Privacy, Vinyl
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven
  • Electric: Standard
  • Heating Type: Ductless, Electric, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency, Humidity Control, Natural Gas, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Electric, Energy Star Qualified Equipment, Heat Pump, High Efficiency, Humidity Control
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 6427.00
  • Lot Size Acres: 0.1475

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 72600.00
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6427.0000 Square Feet
  • Net Operating Income: 71600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Expenses: 1000.00

Tax Info

  • Tax Census Tract: 4609.00
  • Tax Lot: 1
  • Tax Tract Number: 000...
  • TaxOtherAnnualAssessmentAmount: 529.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Feb 1, 2022
Sold by
Cary And Ellen Wong Family Trust
Bought by
Olin Llc
Seller's Agent
SILVIA CHEUNG
KW VISION
Buyer's Agent
Trai Dinh Ho
REAL ESTATE EBROKER INC.
List Price
$1,288,000
Sold Price
$1,301,000
Premium/Discount to List
$13,000
1.01%
Current Estimated Value
$1,306,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,413
Avg. Annual Appreciation
-1.78%

Purchase Details

Closed on
Nov 20, 2020
Sold by
Bullock Ruby L Waren and Demus Floyd
Bought by
Wong Cary K and Wong Ellen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2014
Sold by
Mallory Lee A and Living Trust Of Bernice Willia
Bought by
Bullock Ruby L Waren

Purchase Details

Closed on
Jul 19, 2007
Sold by
Williams Bernice
Bought by
The Living Trust Of Bernice Williams

Purchase Details

Closed on
Nov 11, 2004
Sold by
Johnson Josie Lee and Dodds Josie L
Bought by
Johnson Josie Lee and Josie Lee Johnson Separate Pro
Source: Public Records

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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 $1,301,000 Stewart Title Of California In
Grant Deed $795,000 Lawyers Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $477,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $1,301,000 +1.0% $797 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $1,288,000 -- $789 / 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 $15,389 $1,353,560 $1,015,430 $338,130
2023 $15,260 $1,327,020 $995,520 $331,500
2022 $9,388 $810,900 $652,800 $158,100
2021 $9,007 $795,000 $640,000 $155,000
2020 $965 $42,301 $10,502 $31,799
2019 $963 $41,473 $10,297 $31,176
2018 $880 $40,661 $10,096 $30,565
2016 $819 $39,084 $9,705 $29,379
2015 $809 $38,498 $9,560 $28,938
2014 $812 $37,745 $9,373 $28,372
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22009010

California Regional Multiple Listing Service (CRMLS)

APN: 5825-021-001