NOT LISTED FOR SALE

Estimated Value: $1,292,000 - $1,528,000

8 Beds
5 Baths
4,092 Sq Ft
$344/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $1,220,000 $298 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,249/month

10 Days on Market

Highlights

  • 0.36 Acre Lot
  • Level Lot
  • Back and Front Yard
  • Laundry Room

About This Home

As of December 2021

Family liquidation! Owned approximately 60 years!! This large 4,092 square foot property is located on a huge 15,745 square foot lot. The house features 3 bedrooms, 1 bathroom, 1,626 square feet, 2 car garage with laundry area. The house is owner occupied with projected rent at $2,300 per month. The 1,296 square foot unit showing 4 bedrooms and 2 bathrooms per the tax assessor has been separated into a duplex. The upstairs unit has 1 bedroom, 1 bathroom, and is rented at $820 per month. The downstairs unit has 1 bedroom, 1 bathroom, and is rented at $1,000 per month. The back house features 3 bedrooms, 2 bathrooms, 1,170 square feet, updated kitchen, and is rented at $1,705 per month. There is a second 2 car garage, too! Tax assessor shows 3 units, 10 bedrooms, and 5 bathrooms.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 10/29/2021

Last Buyer's Agent

Leonel Tafoya

First Family REALTORS License #00778531

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,514

Year Built

  • Built in 1908

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Level Lot
  • Back and Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 4,092 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 6121005021

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,000
  • Operating Expense $19,400
  • Gross Income $69,900
  • Net Operating Income $50,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,514

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.11
  • Price Per Unit: 307480
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6121005021
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 298.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level
  • Lot Size Sq Ft: 15745.00
  • Lot Size Acres: 0.3615

Multi Family

  • Gross Income: 69900.00
  • Gross Multiplier: 17.60
  • Gross Scheduled Income: 69900.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 15745.0000 Square Feet
  • Net Operating Income: 50500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19400.00
  • Rent Control: Yes
  • Total Expenses: 19400.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 2912.20
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Nov 10, 2021
Sold by
Ines Alex
Bought by
Madera Lee and Madera Aurora
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Leonel Tafoya
First Family REALTORS
List Price
$1,199,991
Sold Price
$1,220,000
Premium/Discount to List
$20,009
1.67%
Total Days on Market
10
Current Estimated Value
$1,409,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,192
Avg. Annual Appreciation
4.22%
Original Mortgage
$620,000
Outstanding Balance
$574,759
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$834,433

Purchase Details

Closed on
Mar 26, 2021
Sold by
Kodani Yolanda and Kodani Ines Alex
Bought by
Ines Alex

Purchase Details

Closed on
Oct 20, 2000
Sold by
Romero Raul F and Romero Juanita C
Bought by
Romero Raul Paul and The Romero Family Revocable Li
Source: Public Records

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Range of Values:

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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
Madera Lee $1,220,000 Fidelity National Title Co
Ines Alex -- Ticor Title
Romero Raul Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madera Lee $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $1,220,000 -0.8% $298 / Sq Ft
11/10/2021 11/10/21 Price Changed $1,229,922 +2.5% $301 / Sq Ft
10/29/2021 10/29/21 For Sale $1,199,991 -- $293 / 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 $16,514 $1,269,288 $790,704 $478,584
2023 $16,097 $1,244,400 $775,200 $469,200
2022 $15,375 $1,220,000 $760,000 $460,000
2021 $3,154 $180,243 $45,270 $134,973
2020 $3,169 $178,396 $44,806 $133,590
2019 $3,077 $174,899 $43,928 $130,971
2018 $2,823 $171,470 $43,067 $128,403
2016 $2,657 $164,814 $41,396 $123,418
2015 $2,619 $162,340 $40,775 $121,565
2014 $2,641 $159,161 $39,977 $119,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21088609

California Regional Multiple Listing Service (CRMLS)

APN: 6121-005-021