NOT LISTED FOR SALE

Estimated Value: $903,000 - $1,063,678

10 Beds
6 Baths
4,035 Sq Ft
$236/Sq Ft Est. Value

Last Sold June 04, 2018

Last sale price $610,000 $151 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,901/month

36 Days on Market

Highlights

  • 14,696 Sq Ft lot
  • Laundry Room
  • Front Yard
  • No HOA
  • Landscaped

About This Home

As of June 2018

Great Investment Opportunity! Good Location, In a Quiet Neighborhood. This Property Is Well Maintained By Owner. Built In 1990, 4 Units (Two 3BR+2.5Bath, Two 2BR+1.5Bath). NO Rent Control and There Is Room to Raise the Rents. Fully Occupied. The Property Is Sold "As Is". Buyer to Cooperate With Seller's 1031 Exchange. Buyer to Do Their Own Investigation and to Verify All Information. Act Quickly Since This Newer Apartment Building Will Not Last!
Drive By Only. Please Do Not Disturb the Tenants.

Last Agent to Sell the Property

Jennifer Tan

Coldwell Banker New Century License #01707935 Listed on: 03/21/2018

Coldwell Banker New Century

Last Buyer's Agent

Ilham Theodory

Preferred Real Estate & Inv. License #01222393

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Sprinkler System
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 4,035 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 44919
  • Assessor Parcel Number 3147038010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $359
  • Gardener Expense $1,320
  • Insurance Expense $1,400
  • Pest Control $540
  • Trash Expense $1,365
  • Water Sewer Expense $1,554
  • Operating Expense $8,038
  • Gross Income $52,080
  • Net Operating Income $44,042

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

8

Listing Details

  • CapRate: 6.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1554.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 3147038010
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 151.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 1365.00
  • 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: 2-5 Units/Acre, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 14696.00

Multi Family

  • Electric Expense: 359.00
  • Gross Income: 52080.00
  • Gross Scheduled Income: 52080.00
  • Insurance Expense: 1400.00
  • Net Operating Income: 44042.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8038.00
  • Rent Control: No
  • Total Expenses: 8038.00

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 44919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 29, 2018
Sold by
Great Century Properties Llc
Bought by
Boghosian Raffi and Boghosian Ari
Seller's Agent
Jennifer Tan
Coldwell Banker New Century
Buyer's Agent
Ilham Theodory
Preferred Real Estate & Inv.
List Price
$680,000
Sold Price
$610,000
Premium/Discount to List
-$70,000
-10.29%
Current Estimated Value
$953,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,920
Avg. Annual Appreciation
6.08%
Original Mortgage
$449,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2015
Closed on
Nov 16, 2015
Sold by
Tan Jennifer Faye
Bought by
Great Century Properties Llc
Seller's Agent
Jim Shavalian
Keller Williams-VIP Properties
Buyer's Agent
Jim Shavalian
Keller Williams-VIP Properties
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%

Purchase Details

Listed on
Jul 17, 2015
Closed on
Aug 12, 2015
Sold by
Gunn Donald E
Bought by
Tan Jennifer Faye
Seller's Agent
Jim Shavalian
Keller Williams-VIP Properties
Buyer's Agent
Jim Shavalian
Keller Williams-VIP Properties
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2002
Sold by
Stroface Rose Marie
Bought by
Gunn Donald E

Purchase Details

Closed on
Nov 13, 2001
Sold by
Stroface Rose Marie
Bought by
Stroface Rose Marie and The Rose Marie Stroface Revocable Trust

Purchase Details

Closed on
Nov 23, 1999
Sold by
Sterling Robert
Bought by
Stroface Joseph F and Stroface Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.96%

Purchase Details

Closed on
Jan 14, 1999
Sold by
Sterling Robert
Bought by
Sterling Robert C and Sterling Ignacia

Purchase Details

Closed on
Jun 24, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Sterling Robert and Sterling Ignacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
7.58%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Askin Jerald And Bonni Trs
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Boghosian Raffi $610,000 Stewart Title
Boghosian Raffi $610,000 Stewart Title
Great Century Properties Llc -- None Available
Great Century Properties Llc -- None Available
Tan Jennifer Faye $485,000 Fidelity Sherman Oaks
Tan Jennifer Faye $485,000 Fidelity Sherman Oaks
Gunn Donald E $230,000 Chicago Title Co
Gunn Donald E $230,000 Chicago Title Co
Stroface Rose Marie -- --
Stroface Rose Marie -- --
Stroface Joseph F $225,000 Fidelity National Title Co
Stroface Joseph F $225,000 Fidelity National Title Co
Sterling Robert C -- --
Sterling Robert C -- --
Sterling Robert $161,000 Investors Title Company
Sterling Robert $161,000 Investors Title Company
Home Svgs Of America Fsb $122,250 First American Title Ins Co
Home Svgs Of America Fsb $122,250 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boghosian Raffi $449,250
Previous Owner Tan Jennifer Faye $332,500
Previous Owner Stroface Joseph F $180,000
Previous Owner Sterling Robert $128,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2018 06/04/18 Sold $610,000 -10.3% $151 / Sq Ft
04/26/2018 04/26/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $680,000 +40.2% $169 / Sq Ft
10/06/2015 10/06/15 Sold $485,000 -3.0% $120 / Sq Ft View Prior Sale
10/06/2015 10/06/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $499,900 -- $124 / 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 $10,835 $765,234 $182,349 $582,885
2024 $10,835 $680,464 $111,550 $568,914
2023 $10,627 $667,122 $109,363 $557,759
2022 $10,427 $654,042 $107,219 $546,823
2021 $10,244 $641,218 $105,117 $536,101
2019 $9,801 $622,200 $102,000 $520,200
2018 $7,904 $504,593 $75,949 $428,644
2016 $7,992 $485,000 $73,000 $412,000
2015 $5,608 $282,701 $56,535 $226,166
2014 $5,611 $277,164 $55,428 $221,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18065269

California Regional Multiple Listing Service (CRMLS)

APN: 3147-038-010