NOT LISTED FOR SALE

Estimated Value: $1,714,000 - $2,003,322

4 Beds
2 Baths
1,750 Sq Ft
$1,075/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $1,280,000 $731 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $11,902/month

16 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • 4-minute walk to Beverly Parkette
  • Jefferson Elementary School Rated A+

About This Home

As of November 2019

Located in a AAA location, this detached duplex is a great cash flow or development opportunity. Front unit is a 2 bedroom, 1 bath unit with front yard. Back unit is a 2 bedroom, 1 bath unit with backyard. Common area driveway.Both units are tenant occupied.

Last Agent to Sell the Property

Vincenzo Altamura

S C Real Estate License #01901957 Listed on: 09/11/2019

Co-Listed By

John Altamura

S C Real Estate License #00935435

Last Buyer's Agent

Eric Mori

Home Team Realty License #02200140

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,619

Year Built

  • Built in 1959

Lot Details

  • 7,505 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,750 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 4 / 88
  • Tax Tract Number 6207
  • Assessor Parcel Number 4161009004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $802
  • Professional Management Expense $4,436
  • New Taxes Expense $3,039
  • Operating Expense $8,812
  • Gross Income $57,900
  • Net Operating Income $49,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,619

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 4436.00
  • Property Attached: No
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Parcel Number: 4161009004
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 731.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7505.00
  • Lot Size Acres: 0.1723

Multi Family

  • Gross Income: 57900.00
  • Gross Scheduled Income: 57900.00
  • Insurance Expense: 802.00
  • Lot Size Area: 7505.0000 Square Feet
  • Net Operating Income: 49088.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8812.00
  • Rent Control: No
  • Total Expenses: 8812.00

Tax Info

  • New Taxes Expense: 3039.00
  • Tax Block: 88
  • Tax Census Tract: 6207.02
  • Tax Lot: 4
  • Tax Tract Number: 6207

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Nov 8, 2019
Sold by
Khaligh Marcus
Bought by
Magarchenko Olessya
Seller's Agent
Vincenzo Altamura
S C Real Estate
Buyer's Agent
Eric Mori
Home Team Realty
List Price
$1,325,000
Sold Price
$1,280,000
Premium/Discount to List
-$45,000
-3.4%
Total Days on Market
16
Current Estimated Value
$1,880,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,831
Avg. Annual Appreciation
6.10%
Original Mortgage
$1,024,000
Outstanding Balance
$890,143
Interest Rate
2.57%
Mortgage Type
New Conventional
Estimated Equity
$887,563

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 7, 2019
Sold by
Warren Clifton R and The Clifton R Warren Revocable
Bought by
Khaligh Sean and Magarchenko Olessya
Seller's Agent
Vincenzo Altamura
S C Real Estate
Buyer's Agent
Eric Mori
Home Team Realty
List Price
$1,325,000
Sold Price
$1,280,000
Premium/Discount to List
-$45,000
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,024,000
Outstanding Balance
$890,143
Interest Rate
2.57%
Mortgage Type
New Conventional
Estimated Equity
$887,563

Purchase Details

Closed on
May 9, 2002
Sold by
Brett George H
Bought by
Brett George H and The George H Brett 1989 Revoca

Purchase Details

Closed on
May 3, 2002
Sold by
Brett Robert A
Bought by
Brett Robert A and Brett Cathleen

Purchase Details

Closed on
Feb 9, 1978
Sold by
Warren Clifton R and Warren Renee M
Bought by
Warren Clifton R and Warren Renee M
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
Magarchenko Olessya -- Usa National Title Company
Khaligh Sean $1,280,000 Usa National Title Company
Brett George H -- --
Brett Robert A -- --
Brett Kenneth A -- --
Warren Clifton R $85,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khaligh Sean $64,000
Open Khaligh Sean $1,024,000
Previous Owner Warren Clifton R $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $1,280,000 -3.4% $731 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $1,325,000 -- $757 / 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 $16,619 $1,372,415 $750,540 $621,875
2023 $16,317 $1,345,506 $735,824 $609,682
2022 $16,015 $1,319,125 $721,397 $597,728
2021 $15,581 $1,293,260 $707,252 $586,008
2020 $15,556 $179,513 $102,013 $77,500
2019 $3,229 $175,994 $100,013 $75,981
2018 $3,064 $172,544 $98,052 $74,492
2016 $2,949 $165,846 $94,246 $71,600
2015 $2,908 $163,356 $92,831 $70,525
2014 $2,870 $160,157 $91,013 $69,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19216277

California Regional Multiple Listing Service (CRMLS)

APN: 4161-009-004