NOT LISTED FOR SALE

Estimated Value: $748,000 - $901,000

5 Beds
4 Baths
2,610 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 08, 2022

Last sale price $821,000 $315 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,058/month

9 Days on Market

About This Home

As of June 2022

Amazing opportunity to own fully rented Multi family home. Conveniently located. Property has a duplex in the front and 2 apartments in the back.
Home comes with 3 garages & income producing laundry room. Don't miss out on this gem!

Last Agent to Sell the Property

Sonja Foster

Foster & Foster Realty Inc. License #01468409 Listed on: 04/14/2022

Last Buyer's Agent

John Wilson

WILSON & ASSOCIATES REALTY License #01332281

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,701

Year Built

  • Built in 1929

Lot Details

  • 6,754 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,610 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 558
  • Tax Tract Number 4511
  • Assessor Parcel Number 6034023018
  • $507 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,041
  • Trash Expense $1,020
  • Operating Expense $4,061
  • Gross Income $6,000
  • Net Operating Income $5,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,701

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 199750
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6034023018
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 314.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6754.00
  • Lot Size Acres: 0.1551

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 6000.00
  • Insurance Expense: 3041.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 400.00
  • Lot Size Area: 6754.0000 Square Feet
  • Net Operating Income: 5750.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 250.00
  • Rent Control: Yes
  • Total Expenses: 4061.00

Tax Info

  • Tax Census Tract: 2381.00
  • Tax Lot: 558
  • Tax Tract Number: 4511
  • TaxOtherAnnualAssessmentAmount: 507.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2021
Sold by
Hobson Wayne
Bought by
2Nd Chance Investment Group Llc
Current Estimated Value
$832,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,750
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 27, 2018
Sold by
Hobsoni Ijahwane Vaughn and Hobson Wayne
Bought by
Hobson Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2013
Sold by
Hobsoni Honourable P and Hobsoni Ijahwave V
Bought by
Hobsoni Honourable P and Mc Call Sharon E

Purchase Details

Closed on
Nov 22, 2005
Sold by
Hobsoni Valerie
Bought by
Hobsoni Ijahwane Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2005
Sold by
Hobsoni Honourable P
Bought by
Hobsoni Honourable P and Hobsoni Ijahwane Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2005
Sold by
Hobsoni Honorable Jah and Hobsoni Ijahwane V
Bought by
Hobsoni Honourable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 1999
Sold by
Cyprus Kip C
Bought by
Hobsoni Honorable Jah and Hobsoni Ijahwane V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,119
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
May 3, 1999
Sold by
Cyprus Amy
Bought by
Cyprus Kip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.92%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 17, 1999
Sold by
Lewis Milton and Lewis Erma Dee
Bought by
Solomon Brothers Mtg Securities Vii Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.92%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 15, 1998
Sold by
Fisher Michael and Lewis Erma Dee
Bought by
Lewis Milton and Lewis Erma Dee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
7.06%

Purchase Details

Closed on
Oct 9, 1996
Sold by
Fisher Michael and Lewis Erma Dee
Bought by
Fisher Michael and Lewis Erma Dee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
10.65%
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 Buyer Sale Price Title Company
2Nd Chance Investment Group Llc $607,500 Pacific Coast Title
Hobson Wayne -- Servicelink
Hobsoni Honourable P -- None Available
Hobsoni Ijahwane Vaughn -- Southland Title
Hobsoni Honourable P -- Southland Title
Hobsoni Honourable -- Orange Coast Title
Hobsoni Honorable Jah $230,000 First American Title Co
Cyprus Kip -- Fidelity National Title
Cyprus Kip C $140,000 Fidelity National Title
Solomon Brothers Mtg Securities Vii Inc $159,398 Fidelity National Title Ins
Lewis Milton -- Benefit Land Title Company
Fisher Michael -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2Nd Chance Investment Group Llc $546,750
Previous Owner Hobson Wayne $359,000
Previous Owner Hobsoni Honourable P $355,000
Previous Owner Hobsoni Honourable $300,000
Previous Owner Hobsoni Honorable Jah $228,119
Previous Owner Cyprus Kip C $157,000
Previous Owner Lewis Milton $142,500
Previous Owner Fisher Michael $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2022 06/08/22 Sold $821,000 +2.8% $315 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $799,000 -- $306 / 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 $7,701 $609,872 $426,911 $182,961
2024 $7,701 $597,915 $418,541 $179,374
2023 $7,563 $586,192 $410,335 $175,857
2022 $7,228 $574,699 $402,290 $172,409
2021 $7,129 $563,431 $394,402 $169,029
2020 $7,197 $557,654 $390,358 $167,296
2019 $6,924 $546,720 $382,704 $164,016
2018 $5,106 $402,195 $306,204 $95,991
2016 $4,864 $386,578 $294,314 $92,264
2015 $4,795 $380,773 $289,894 $90,879
2014 $4,837 $373,315 $284,216 $89,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22075687

California Regional Multiple Listing Service (CRMLS)

APN: 6034-023-018