NOT LISTED FOR SALE

Estimated Value: $540,615 - $600,000

3 Beds
3 Baths
1,400 Sq Ft
$404/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $465,000 $332 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,513/month

83 Days on Market

About This Home

As of August 2021

Not only does this triplex generate great long-term rents it is situated on over 17,000 sq ft lot with recent development within a few parcels of the property! This could have great long-term value as it has a very impressive lot size! The property currently functions with a 2 bedroom, 1 bedroom and studio and offers ample parking and space. Thanks to the elevated positioning of the structure both the lot and the units feature a lovely views as well. The property is currently under leases of approx $2,965.00/mo.

Last Agent to Sell the Property

Jarrod Whitehorn

Jarrod Whitehorn, Broker License #01480456 Listed on: 02/06/2021

Last Buyer's Agent

Summer Rampersad

Colleen K. Cotter License #01833785

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1924

Lot Details

  • 0.4 Acre Lot
  • No Common Walls

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 5 / 2
  • Tax Tract Number 1
  • Assessor Parcel Number 373152009

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Fuel Expense $480
  • Insurance Expense $1,800
  • Trash Expense $504
  • Water Sewer Expense $1,620
  • New Taxes Expense $4,500
  • Operating Expense $12,504
  • Gross Income $35,580
  • Net Operating Income $23,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,156

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1620.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 373152009
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 332.14

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 504.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Multi Family

  • Electric Expense: 3600.00
  • Fuel Expense: 480.00
  • Gross Income: 35580.00
  • Gross Scheduled Income: 35580.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 17424.0000 Square Feet
  • Net Operating Income: 23076.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12504.00
  • Rent Control: Yes
  • Total Expenses: 12504.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Block: 2
  • Tax Census Tract: 430.01
  • Tax Lot: 5
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2021
Closed on
Aug 5, 2021
Sold by
Enayat Zuhra
Bought by
Khwaja David
Seller's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
Buyer's Agent
Summer Rampersad
Colleen K. Cotter
List Price
$429,990
Sold Price
$465,000
Premium/Discount to List
$35,010
8.14%
Current Estimated Value
$565,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,904
Avg. Annual Appreciation
6.94%
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 6, 2021
Closed on
Aug 4, 2021
Sold by
Enayat Zuhra
Bought by
Khwaia David
Seller's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
Buyer's Agent
Summer Rampersad
Colleen K. Cotter
List Price
$429,990
Sold Price
$465,000
Premium/Discount to List
$35,010
8.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2021
Sold by
Paul T Ananias Trust and The Paul T Ananias Trust
Bought by
Khwaja David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.29%

Purchase Details

Closed on
Dec 10, 2014
Sold by
Ananias Paul T
Bought by
Ananias Ii Paul T

Purchase Details

Closed on
Aug 8, 2011
Sold by
Freedom Real Estate Solutions Llc
Bought by
Ananias Ii Paul T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2011
Sold by
Wells Fargo Bank Na
Bought by
Freedom Real Estate Solutions Llc

Purchase Details

Closed on
Jan 14, 2011
Sold by
Gierman Dennis L and Gierman Laura Y
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 13, 1998
Sold by
Gervais John E and Gervais Mary B
Bought by
Gierman Dennis L and Gierman Laura Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,907
Interest Rate
6.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 22, 1997
Sold by
Gervais Mary B
Bought by
Gervais John E and Gervais Mary B

Purchase Details

Closed on
Sep 20, 1996
Sold by
Gervais John
Bought by
Gervais Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.95%
Mortgage Type
Seller Take Back
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
Khwaja David -- First American Title Company
Khwaia David -- First American Title
Khwaja David $467,000 First American Title
Ananias Ii Paul T -- First American Title Company
Ananias Ii Paul T $165,000 First American Title Company
Freedom Real Estate Solutions Llc $105,000 Fidelity National Title Comp
Wells Fargo Bank Na $96,830 None Available
Gierman Dennis L $57,500 Orange Coast Title
Gervais John E -- --
Gervais Mary B -- Chicago Title Co
Gervais Mary B $50,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khwaja David $150,000
Closed Khwaja David $285,000
Closed Khwaia David $285,000
Previous Owner Khwaja David $285,000
Previous Owner Ananias Ii Paul T $123,750
Previous Owner Gierman Dennis L $92,000
Previous Owner Gierman Dennis L $14,907
Previous Owner Gervais Mary B $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $465,000 +8.1% $332 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $429,990 0.0% $307 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $429,990 0.0% $307 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $429,990 -- $307 / 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 $5,156 $495,582 $79,590 $415,992
2023 $5,156 $476,340 $76,500 $399,840
2022 $4,994 $467,000 $75,000 $392,000
2021 $1,923 $170,569 $54,534 $116,035
2020 $1,905 $168,821 $53,975 $114,846
2019 $1,871 $165,512 $52,917 $112,595
2018 $1,837 $162,268 $51,880 $110,388
2017 $1,804 $159,087 $50,863 $108,224
2016 $1,742 $155,968 $49,866 $106,102
2015 $1,725 $153,627 $49,118 $104,509
2014 $1,671 $150,619 $48,156 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21025314

California Regional Multiple Listing Service (CRMLS)

APN: 373-152-009