NOT LISTED FOR SALE

Estimated Value: $783,000 - $820,000

4 Beds
3 Baths
2,040 Sq Ft
$395/Sq Ft Est. Value

Last Sold November 02, 2017

Last sale price $500,000 $245 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,030/month

43 Days on Market

About This Home

As of November 2017

Exceptional 3 unit Home on a 4,897 square foot lot and featuring 5 bedrooms and 3 bathrooms. Two units will be delivered vacant. Live in one of the units and rent the other ones. First unit features carpet all throughout the living room & dining area, tiled flooring in the kitchen, with butcher block countertops, white cabinetry, and back entrance door. The bedroom features carpet floors with adjacent bathroom that has tile flooring, bathtub shower enclosure and mirror cabinet above sink. Second unit features beautiful hardwood flooring all throughout the living room, dining area, and bedroom. Bathroom features tiled flooring, beautiful semi-recessed sink with mirrored double door cabinet above, and bathtub shower enclosure. The large kitchen includes tile flooring, laminate countertops, white cabinet storage, and back entrance door. The third unit, located on the second story, features 3 bedrooms and 1 full bath. With tile flooring all throughout the large living room, kitchen and dining area, bathroom, and two of the bedrooms. Kitchen also features granite countertops, stainless steel stove, and light gray cabinets for storage space. Large bath has an elegant vanity sink, and sizable shower enclosure with stunning tile backsplash. Property has a 3 car garage located on the first level of the third unit, with direct access to the enormous patio space with pergola, with enough space to use as a driveway for extra parking. See Supplements for CAP RATE info.

Last Agent to Sell the Property

Eric Delgado

Luxury Collective License #01831579 Listed on: 07/20/2017

Co-Listed By

Jhon Cordova

Luxury Collective License #01817265

Last Buyer's Agent

Bulmaro Jarquin

Oax Realty License #02021160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,083

Year Built

  • Built in 1928

Lot Details

  • 4,897 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,040 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 24
  • Tax Tract Number 5687
  • Assessor Parcel Number 6002029018

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,532
  • Water Sewer Expense $4,560
  • New Taxes Expense $6,238
  • Operating Expense $12,330
  • Net Operating Income $21,271

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,083

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.26
  • Property Attached: No
  • Water Sewer Expenses: 4560.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 6002029018
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 245.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4897.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 1532.00
  • Net Operating Income: 21270.50
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 123950.00
  • Rent Control: Yes
  • Total Actual Rent: 2800.00
  • Total Expenses: 12329.50

Tax Info

  • New Taxes Expense: 6237.50
  • Tax Census Tract: 2372.02
  • Tax Lot: 24
  • Tax Tract Number: 5687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Oct 3, 2017
Sold by
Zepeda Julia and Portillo Jose
Bought by
Delcarmen Diaz Vilma
Seller's Agent
Eric Delgado
Luxury Collective
Buyer's Agent
Bulmaro Jarquin
Oax Realty
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%
Current Estimated Value
$811,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,000
Avg. Annual Appreciation
6.34%
Original Mortgage
$525,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2007
Sold by
Zepeda Julia
Bought by
Zepeda Julia and Portillo Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.15%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2006
Sold by
Portillo Jose and Zepeda Julia
Bought by
Zepeda Julia

Purchase Details

Closed on
Feb 10, 2004
Sold by
Gonzalez Arcenio and Torres Juan Francisco
Bought by
Portillo Jose and Zepeda Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2000
Sold by
Godinez Raul
Bought by
Gonzalez Arcenio and Torres Juan Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,160
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 1999
Sold by
Godinez Leticia
Bought by
Godinez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.1%

Purchase Details

Closed on
Apr 21, 1999
Sold by
Carter Marvin and Carter Norma
Bought by
Godinez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.1%
Source: Public Records

Range of Values:

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Average Value
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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
Delcarmen Diaz Vilma $500,000 Lawyers Title
Zepeda Julia -- American Coast Title
Zepeda Julia -- None Available
Portillo Jose $315,000 Gateway Title Company
Gonzalez Arcenio $225,000 American Title Co
Godinez Raul -- South Coast Title
Godinez Raul -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Vilma Del Carmen $530,000
Closed Diaz Vilma Del Carmen $100,000
Closed Diaz Vilma Del Carmen $600,000
Closed Delcarmen Diaz Vilma $525,000
Previous Owner Zepeda Julia $405,000
Previous Owner Portillo Jose $376,000
Previous Owner Portillo Jose $283,500
Previous Owner Gonzalez Arcenio $223,160
Previous Owner Godinez Raul $136,500
Closed Portillo Jose $15,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2017 11/02/17 Sold $500,000 +0.2% $245 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $499,000 -- $245 / 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 $7,083 $568,910 $409,616 $159,294
2024 $7,083 $557,756 $401,585 $156,171
2023 $6,954 $546,820 $393,711 $153,109
2022 $6,642 $536,099 $385,992 $150,107
2021 $6,552 $525,588 $378,424 $147,164
2020 $6,616 $520,200 $374,544 $145,656
2019 $6,362 $510,000 $367,200 $142,800
2018 $6,259 $500,000 $360,000 $140,000
2017 $5,206 $420,000 $350,000 $70,000
2016 $4,634 $375,000 $312,500 $62,500
2015 $4,635 $375,000 $312,500 $62,500
2014 $4,209 $330,000 $275,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17165977

California Regional Multiple Listing Service (CRMLS)

APN: 6002-029-018