NOT LISTED FOR SALE

Estimated Value: $745,000 - $976,000

4 Beds
4 Baths
2,775 Sq Ft
$301/Sq Ft Est. Value

Last Sold April 06, 2012

Last sale price $245,000 $88 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $4,978/month

58 Days on Market

About This Home

As of April 2012

***OWNER/USER or INVESTMENT OPPORTUNITY*** This Very well maintained classic California 1940's 4 unit jewel is in a strong rental neighborhood has great long term tenants, easy maintenance separately metered electric and gas and is within walking distance to many local amenities.This is a great decision for first time investors or will make a positive cash-flow addition to your portfolio. Call listing agent for appointment, please do not disturb tenants. One unit can be vacant at close of escrow for owner/user.

Last Agent to Sell the Property

Frederick Spigelman

Ramsey-Shilling Associates License #01770461 Listed on: 12/14/2011

Last Buyer's Agent

Stella Owen

License #00613678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,310

Year Built

  • Built in 1941

Lot Details

  • 4,878 Sq Ft Lot

Home Design

  • 2,775 Sq Ft Home
  • Composition Roof

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street
  • Phone System
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5003-029-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,310

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Alley: Yes
  • Living Area: 2775
  • Price Per Unit: 74750.00
  • Year Built: 1941
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Free Standing Gas
  • Kitchen Features: Counter Top
  • Equipment: Phone System, Cable
  • Price Per S Q F T: 107.75

Exterior Features

  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Electric Expense: 570.00
  • Heating: Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Sewer: In Street

Fee Information

  • Insurance Expense: 1100.00
  • Maintenance Expense: 2000.00
  • Trash Expense: 890.00

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 132600
  • Assessed Land Value: 510000
  • Assessor Parcel Number: 5003-029-006
  • Lot Size Area: 4878

Rental Info

  • Number Leased: 4
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.60
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 8657
  • Type Of Units: One Bedroom
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 3737.00
  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2014
Sold by
Curry Ramona N
Bought by
Nevarez Omar
Current Estimated Value
$835,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2011
Closed on
Mar 13, 2012
Sold by
Wiggins Leitha J and Wiggins Lillie C
Bought by
Curry Ramona N
Seller's Agent
Frederick Spigelman
Ramsey-Shilling Associates
Buyer's Agent
Stella Owen
List Price
$325,000
Sold Price
$245,000
Premium/Discount to List
-$80,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
Original Mortgage
$183,750
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2008
Sold by
Wiggins Hattie and Wiggins Leitha J
Bought by
Wiggins Leitha J

Purchase Details

Closed on
Jun 9, 2006
Sold by
Wiggins Hattie and Wiggins Leitha J
Bought by
Wiggins Hattie
Source: Public Records

Range of Values:

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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
Nevarez Omar $415,000 Fidelity
Curry Ramona N $245,000 --
Wiggins Leitha J -- None Available
Wiggins Hattie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nevarez Omar $445,000
Closed Nevarez Omar $355,600
Closed Nevarez Omar $311,250
Previous Owner Curry Ramona N $183,750
Previous Owner Wiggins Leitha J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2012 04/06/12 Sold $245,000 -24.6% $88 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
12/14/2011 12/14/11 For Sale $325,000 -- $117 / Sq Ft
Source: The MLS

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 $6,310 $498,757 $426,651 $72,106
2024 $6,310 $488,979 $418,286 $70,693
2023 $6,197 $479,392 $410,085 $69,307
2022 $5,923 $469,994 $402,045 $67,949
2021 $5,836 $460,779 $394,162 $66,617
2019 $5,668 $447,114 $382,472 $64,642
2018 $5,590 $438,348 $374,973 $63,375
2016 $5,327 $421,328 $360,413 $60,915
2015 $5,253 $415,000 $355,000 $60,000
2014 $3,397 $251,034 $174,187 $76,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-571249

The MLS

APN: 5003-029-006