NOT LISTED FOR SALE

Estimated Value: $1,186,000 - $3,448,000

6 Beds
4 Baths
5,458 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 13, 2013

Last sale price $950,000 $174 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $11,697/month

14 Days on Market

About This Home

As of August 2013

Four income units. Unique buying opportunity. Unit 1 is a house, Two bedrooms and one bath with a den. It has a back patio. Unit tow is also a detached house one bedroom, 1 and half bath, nice living room and patio. One car garage, The back units 3,4 are a 1-1 and 2-1, patio, two car garage, laundry room. Cul-de-sac, large lot about 11,000. Rents are undervalued, should be about $6,000 a month.

Last Agent to Sell the Property

Dick Lobin

Century 21 Affiliated License #00704431 Listed on: 07/08/2013

Century 21 Affiliated

Last Buyer's Agent

Michael Brinkman

Coastline Realty License #00926365

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,662

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • 5,458 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1148
  • Assessor Parcel Number 42424119

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,125
  • Net Operating Income $46,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,662

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 42424119
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 174.06

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Gross Income: 5125.00
  • Gross Scheduled Income: 61500.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 46125.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15375.00
  • Operating Expense Percent: 25.00
  • Other Income Description: laundry and garages
  • Rent Control: No

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 1148
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2015
Sold by
Srpp
Bought by
Srpp Ii Lp
Current Estimated Value
$1,968,025

Purchase Details

Listed on
Jul 8, 2013
Closed on
Aug 8, 2013
Sold by
Lobin Richard M and Hung Chao Mei
Bought by
Srpp
Seller's Agent
Dick Lobin
Century 21 Affiliated
Buyer's Agent
Michael Brinkman
Coastline Realty
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Sep 15, 2003
Sold by
Lobin Richard Michael and Hung Chao Mei
Bought by
Lobin Richard M and Hung Chao Mei

Purchase Details

Closed on
Jul 10, 2003
Sold by
Stretton Juanita and Stretton Jack
Bought by
Lobin Richard Michael and Hung Chao Mei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2001
Sold by
Stretton Jack W and Stretton Juanita C
Bought by
Stretton Juanita and Stretton Jack
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
Srpp Ii Lp -- None Available
Srpp $950,000 Fidelity National Title Oran
Lobin Richard M -- --
Lobin Richard Michael -- Fidelity National Title
Stretton Juanita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lobin Richard Michael $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2013 08/13/13 Sold $950,000 -9.5% $174 / Sq Ft
07/22/2013 07/22/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $1,050,000 -- $192 / 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 $14,662 $1,164,564 $933,742 $230,822
2024 $14,662 $1,141,730 $915,433 $226,297
2023 $14,156 $1,119,344 $897,484 $221,860
2022 $13,741 $1,097,397 $879,887 $217,510
2021 $13,308 $1,075,880 $862,634 $213,246
2020 $13,124 $1,064,849 $853,789 $211,060
2019 $12,825 $1,043,970 $837,048 $206,922
2018 $12,561 $1,023,500 $820,635 $202,865
2017 $12,361 $1,003,432 $804,544 $198,888
2016 $12,109 $983,757 $788,768 $194,989
2015 $11,997 $968,981 $776,920 $192,061
2014 $11,738 $950,000 $761,701 $188,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13132095

California Regional Multiple Listing Service (CRMLS)

APN: 424-241-19