NOT LISTED FOR SALE

Estimated Value: $997,000 - $1,230,000

6 Beds
3 Baths
2,416 Sq Ft
$451/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $975,000 $404 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,810/month

12 Days on Market

Highlights

  • Gated Parking
  • Granite Countertops
  • Double Pane Windows
  • Mountain View
  • No HOA
  • Laundry Room

About This Home

As of March 2022

Excellent Income Property consisting of 3 units. Each unit offers two bedrooms, one bathroom, and assigned gated parking (2 parking spots per unit) with updated kitchens and bathrooms for two of the units. Centrally located near schools, shops, and transportation. Hurry, hurry, it will not last!

Last Agent to Sell the Property

Gabriela Bermudez

Las Lomas Realty, Inc. License #01305717 Listed on: 01/17/2022

Co-Listed By

Rosendo Miramontes

Las Lomas Realty, Inc. License #01792569

Last Buyer's Agent

Sarai Kelly

Las Lomas Realty, Inc. License #01940527

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,956

Year Built

  • Built in 1947

Lot Details

  • 5,601 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Property Attached
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 2,416 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Granite Countertops
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Gated Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Natural Gas Not Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 385
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347009024
  • $736 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,674
  • Insurance Expense $1,500
  • Trash Expense $540
  • Water Sewer Expense $1,044
  • New Taxes Expense $12,060
  • Operating Expense $16,818
  • Net Operating Income $45,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,956

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Price Per Unit: 321667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1044.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7347009024
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 403.56
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Gated, Private
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 5601.00
  • Lot Size Acres: 0.1286

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1674.00
  • Gross Scheduled Income: 62160.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5601.0000 Square Feet
  • Net Operating Income: 45342.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16818.00
  • Rent Control: Yes
  • Total Actual Rent: 4980.00
  • Total Expenses: 16818.00

Tax Info

  • New Taxes Expense: 12060.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 385
  • Tax Tract Number: 4529
  • TaxOtherAnnualAssessmentAmount: 736.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Feb 16, 2022
Sold by
Miyoko Sato and Miyoko Kim
Bought by
Mustafa Mohamed A
Seller's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
Buyer's Agent
Sarai Kelly
Las Lomas Realty, Inc.
List Price
$965,000
Sold Price
$975,000
Premium/Discount to List
$10,000
1.04%
Current Estimated Value
$1,089,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,344
Avg. Annual Appreciation
3.06%
Original Mortgage
$780,000
Outstanding Balance
$724,289
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$365,055

Purchase Details

Closed on
Jan 30, 2015
Sold by
Sato Teruichi
Bought by
Sato Mikio and Sato Kim Miyoko

Purchase Details

Closed on
Jun 18, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sato Teruichi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Choi Kimberly
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 12, 2005
Sold by
Choi Kyung Ho
Bought by
Choi Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2005
Sold by
Lim Chang Jeon
Bought by
Choi Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2003
Sold by
Tafolla Julian and Tafolla Piedad
Bought by
Lim Chang Jeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,100
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Marquez Luis
Bought by
Tafolla Julian and Tafolla Piedad
Source: Public Records

Range of Values:

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Average Value
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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
Mustafa Mohamed A $975,000 Provident Title
Sato Mikio -- None Available
Sato Teruichi $420,000 Lsi Title Agency
Federal Home Loan Mortgage Corporation $550,000 Fidelity Natl Title Ins Co
Choi Kimberly -- Fidelity National Title
Choi Kimberly $520,000 Fidelity National Title
Lim Chang Jeon $409,000 Fatcola
Tafolla Julian -- Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mustafa Mohamed A $780,000
Previous Owner Sato Teruichi $315,000
Previous Owner Choi Kimberly $416,000
Previous Owner Lim Chang Jeon $368,100
Closed Choi Kimberly $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $975,000 +1.0% $404 / Sq Ft
01/30/2022 01/30/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $965,000 -- $399 / 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 $12,956 $1,034,677 $716,315 $318,362
2024 $12,956 $1,014,390 $702,270 $312,120
2023 $12,707 $994,500 $688,500 $306,000
2022 $6,719 $510,866 $310,170 $200,696
2021 $6,626 $500,850 $304,089 $196,761
2020 $6,685 $495,715 $300,971 $194,744
2019 $6,436 $485,996 $295,070 $190,926
2018 $6,297 $476,468 $289,285 $187,183
2016 $6,002 $457,967 $278,052 $179,915
2015 $5,912 $451,089 $273,876 $177,213
2014 $5,938 $442,254 $268,512 $173,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22008189

California Regional Multiple Listing Service (CRMLS)

APN: 7347-009-024