NOT LISTED FOR SALE

Estimated Value: $694,000 - $826,000

4 Beds
2 Baths
2,165 Sq Ft
$349/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $595,000 $275 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,517/month

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot

About This Home

As of March 2022

Great investment opportunities. Two units (is a 2-story building). Alley gated access. Large fenced front yard. This duplex property can be converted into something very special (perhaps multiple units)! Buyer should verify legal size and room count, permits and any other aspects of the property. All offers are subject to interior inspections.

Last Agent to Sell the Property

Augusto Rodriguez

Smart Equity Realty Inc License #01756986 Listed on: 01/31/2022

Last Buyer's Agent

Augusto Rodriguez

Smart Equity Realty Inc License #01756986 Listed on: 01/31/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,087

Year Built

  • Built in 1914

Lot Details

  • 7,558 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,165 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 6
  • Tax Tract Number 2423
  • Assessor Parcel Number 6048022007
  • $683 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $1,400
  • Operating Expense $2,500
  • Net Operating Income $24,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,087

Year Built

Built in 1914

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 310-923-1570
  • Price Per Unit: 320000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1400.00
  • Zoning: LAR4
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6048022007
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 274.83

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7558.00
  • Lot Size Acres: 0.1735

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 27120.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 7558.0000 Square Feet
  • Net Operating Income: 24620.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Rent Control: Yes
  • Total Actual Rent: 2260.00
  • Total Expenses: 2500.00

Tax Info

  • Tax Census Tract: 2423.00
  • Tax Lot: 6
  • Tax Tract Number: 2423
  • TaxOtherAnnualAssessmentAmount: 683.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Feb 16, 2022
Sold by
Mercado Family Trust
Bought by
Rentex 3 Llc
Seller's Agent
Augusto Rodriguez
Smart Equity Realty Inc
Buyer's Agent
Augusto Rodriguez
Vision Realty & Associates, Inc.
List Price
$640,000
Sold Price
$595,000
Premium/Discount to List
-$45,000
-7.03%
Total Days on Market
10
Current Estimated Value
$858,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,325
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Aug 10, 2021
Sold by
Mercado Silvia
Bought by
The Mercado Family Trust

Purchase Details

Closed on
Nov 19, 2015
Sold by
Torres Melanie
Bought by
Mercado Silvia

Purchase Details

Closed on
May 12, 2015
Sold by
Galindo Garbriel
Bought by
Torres Melanie

Purchase Details

Closed on
Dec 1, 2010
Sold by
Padilla Jorge
Bought by
Galindo Gabriela and Torres Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,727
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2007
Sold by
Mercado Silvia
Bought by
Padilla Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.41%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 26, 2003
Sold by
Caito Elizabeth
Bought by
Mercado Silvia

Purchase Details

Closed on
Mar 13, 2002
Sold by
Mercado Silvia
Bought by
Caito Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
8.3%

Purchase Details

Closed on
Aug 8, 2000
Sold by
Mercado Silvia
Bought by
Caito Elizabeth

Purchase Details

Closed on
Jul 17, 1999
Sold by
Caito Elizbaeth
Bought by
Mercado Silvia

Purchase Details

Closed on
Aug 31, 1998
Sold by
Caito Elizabeth
Bought by
Caito Elizabeth

Purchase Details

Closed on
May 21, 1998
Sold by
Osorio Katherine A
Bought by
Caito Elizabeth

Purchase Details

Closed on
Jul 3, 1997
Sold by
Rybus David A
Bought by
Padilla Jorge and Caito Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,700
Interest Rate
7.54%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 1996
Sold by
Great Western Bank Fsb
Bought by
Rybus David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,700
Interest Rate
7.67%

Purchase Details

Closed on
Jan 17, 1996
Sold by
Delcarpio Victor Hugo
Bought by
Great Western Bank Fsb
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
Rentex 3 Llc $595,000 Orange Coast Title
The Mercado Family Trust -- None Available
Mercado Silvia -- First American Title Company
Torres Melanie -- None Available
Galindo Gabriela $208,000 Usa National Title Co
Padilla Jorge $495,000 Orange Coast Title
Mercado Silvia -- --
Caito Elizabeth -- Fidelity National Title Co
Caito Elizabeth -- --
Mercado Silvia -- --
Caito Elizabeth -- --
Caito Elizabeth -- --
Padilla Jorge $145,000 First American
Rybus David A $85,000 First American Title Co
Great Western Bank Fsb $89,752 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galindo Gabriela $202,727
Previous Owner Padilla Jorge $99,000
Previous Owner Padilla Jorge $396,000
Previous Owner Mercado Silvia $447,000
Previous Owner Mercado Silvia $56,000
Previous Owner Mercado Silvia $459,000
Previous Owner Mercado Silvia $400,000
Previous Owner Mercado Silvia $320,000
Previous Owner Mercado Silvia $248,000
Previous Owner Caito Elizabeth $168,300
Previous Owner Mercado Silvia $15,000
Previous Owner Mercado Silvia $147,000
Previous Owner Padilla Jorge $142,700
Previous Owner Rybus David A $74,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $595,000 -7.0% $275 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $640,000 -- $296 / 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 $10,087 $631,418 $318,362 $313,056
2024 $10,087 $619,038 $312,120 $306,918
2023 $7,996 $606,900 $306,000 $300,900
2022 $4,424 $318,881 $175,762 $143,119
2021 $4,361 $312,629 $172,316 $140,313
2019 $4,240 $303,358 $167,206 $136,152
2018 $4,130 $297,411 $163,928 $133,483
2017 $4,823 $357,000 $204,000 $153,000
2016 $4,697 $350,000 $200,000 $150,000
2015 $3,162 $221,728 $115,128 $106,600
2014 $3,179 $217,385 $112,873 $104,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22016596

California Regional Multiple Listing Service (CRMLS)

APN: 6048-022-007