NOT LISTED FOR SALE

Estimated Value: $1,620,206

5 Beds
4 Baths
2,807 Sq Ft
$577/Sq Ft Est. Value

Sale Details

Date Sold: November 23, 2020

Last sale price $1,410,000 $502 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,388 / mo

16 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Garage
  • Laundry Facilities

About This Home

As of November 2020

Prime Montrose location. Three minute walk to Honolulu Shopping Corridor. Very walkable, 83 WalkScore. Views from 2of the three units. 1: 2 BR + 1.75 BA, 2: 3 BR + 1.75 BA. Two units with fireplaces. Front unit with balcony. Laundry room on month to month agreement. Three covered spaces plus enclosed two car garage. New roof and water heater in 2017. Copper plumbing. Property inspection report available. Separately metered for gas and electric.

Last Agent to Sell the Property

Braemon Hanes

Hanes Investment Rlty License #01230427 Listed on: 09/22/2020

Last Buyer's Agent

Braemon Hanes

Hanes Investment Rlty License #01230427 Listed on: 09/22/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4,355 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • Parking Available

Home Design

  • 2,807 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tax Lot 90
  • Tax Tract Number 1701
  • Assessor Parcel Number 5807011032

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,281
  • Fuel Expense $462
  • Insurance Expense $1,450
  • Maintenance Expense $7,092
  • Pest Control $600
  • Trash Expense $934
  • Water Sewer Expense $1,281
  • New Taxes Expense $14,718
  • Operating Expense $28,472
  • Gross Income $92,669
  • Net Operating Income $64,197

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

4,355 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 4.81
  • Property Attached: No
  • Water Sewer Expenses: 1281.00
  • Zoning: LCR3*
  • Property Type: Residential Income
  • Parcel Number: 5807011032
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 502.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 934.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4355.00
  • Lot Size Acres: 0.1000

Multi Family

  • Electric Expense: 1281.00
  • Fuel Expense: 462.00
  • Gross Multiplier: 14.15
  • Gross Operating Income: 92669.00
  • Gross Scheduled Income: 94560.00
  • Insurance Expense: 1450.00
  • Lot Size Area: 4355.0000 Square Feet
  • Maintenance Expense: 7092.00
  • Maintenance Percent: 7.70
  • Net Operating Income: 64197.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Operating Expense: 28472.00
  • Operating Expense Percent: 30.10
  • Rent Control: No
  • Total Expenses: 28472.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14718.00
  • Tax Census Tract: 3005.02
  • Tax Lot: 90
  • Tax Tract Number: 1701

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 10, 2020
Sold by
Bought by
Seller's Agent
Braemon Hanes
Hanes Investment Rlty
Buyer's Agent
Braemon Hanes
Hanes Investment Rlty
List Price
$1,338,000
Sold Price
$1,410,000
Premium/Discount to List
$72,000
5.38%
Current Estimated Value
$1,620,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,206
Avg. Annual Appreciation
2.47%
Original Mortgage
$846,000
Outstanding Balance
$735,442
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$884,764
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,410,000 Lawyers Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $846,000
Previous Owner $196,698
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/23/2020 11/23/20 Sold $1,410,000 +5.4% $502 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $1,338,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,892 $1,526,228 $1,082,432 $443,796
2024 $17,334 $1,496,303 $1,061,208 $435,095
2023 $16,695 $1,466,964 $1,040,400 $426,564
2022 $16,088 $1,438,200 $1,020,000 $418,200
2021 $15,811 $1,410,000 $1,000,000 $410,000
2020 $5,636 $477,309 $124,425 $352,884
2019 $5,505 $467,951 $121,986 $345,965
2018 $5,365 $458,777 $119,595 $339,182
2016 $5,098 $440,963 $114,951 $326,012
2015 $4,989 $434,340 $113,225 $321,115
2014 $4,964 $425,833 $111,008 $314,825
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20198381

California Regional Multiple Listing Service (CRMLS)

APN: 5807-011-032

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