$850,000
SOLD MAR 17, 2023
3 Beds
2 Baths
940 Sq Ft
4,902 Sq Ft Lot

Recently Sold

$904 Per Sq Ft

8% Below List Price

304 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Laundry Room
  • John Marshall Senior High Rated A
  • Hiking Trails
  • Foothills

About This Home

As of March 2023

Silver Lake Area- 2 On a lot! Great opportunity to own 2 detached homes on a lot and a potential a 3rd unit as an ADU. (Buyer to Verify). The front unit has 2 bedrooms, 1 Bath, laundry and yard. The rear unit has 1 bedroom, 1 Bath, laundry and yard. This unit has hardwood floors, updated kitchen and bath. It also has a downstairs finished storage area with separate entrance has a bathroom, (ADU Potential). The rent is $2200 for the Rear Unit and the front will be delivered open for an owner user! Sold as is.

Last Agent to Sell the Property

Travis Ely

TRAVIS ELY License #01895065 Listed on: 04/12/2022

Co-Listed By

Paul Villarreal

TRAVIS ELY License #02092465

Last Buyer's Agent

Ronald Ellison

Keller Williams Coastal Prop. License #01827843

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,555

Year Built

  • Built in 1928

Lot Details

  • 4,902 Sq Ft Lot
  • No Common Walls
  • Sprinkler System
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 940 Sq Ft Home
  • Craftsman Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • 2 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for electricity, grounds care, gas
  • Legal Lot and Block 60 / D
  • Assessor Parcel Number 5443006009
  • $141 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,620
  • Operating Expense $14,420
  • Gross Income $49,200
  • Net Operating Income $34,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,555

Year Built

Built in 1928

Lot Details

0

Listing Details

  • CapRate: 3.90
  • Price Per Unit: 429500
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR1
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5443006009
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 904.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Foothills, Hiking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Sprinkler System
  • Lot Size Sq Ft: 4902.00
  • Lot Size Acres: 0.1125

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Gas

Multi Family

  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4902.0000 Square Feet
  • Net Operating Income: 34780.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14420.00
  • Rent Control: Yes
  • Total Expenses: 14420.00

Tax Info

  • New Taxes Expense: 10620.00
  • Tax Block: D
  • Tax Census Tract: 1974.10
  • Tax Lot: 60
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 141.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Feb 15, 2023
Sold by
Valentino Frank
Bought by
Locke Brent M and Haubrick Jessica M
Seller's Agent
Travis Ely
TRAVIS ELY
Buyer's Agent
Ronald Ellison
Keller Williams Coastal Prop.
List Price
$925,000
Sold Price
$850,000
Premium/Discount to List
-$75,000
-8.11%
Views
52
Current Estimated Value
$975,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,261
Avg. Annual Appreciation
6.23%
Original Mortgage
$834,604
Outstanding Balance
$811,968
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$168,394

Purchase Details

Closed on
Jan 28, 2020
Sold by
Valentino Frank and Valentino Frank Steven
Bought by
Valentino Frank and Pavon Dehli

Purchase Details

Listed on
Dec 19, 2011
Closed on
Jun 14, 2012
Sold by
Vasquez Cynthia Adriana
Bought by
Vasquez Ruben P
Seller's Agent
Juan Sanchez
Pacific First Realty
Buyer's Agent
Juan Sanchez
Pacific First Realty
List Price
$390,000
Sold Price
$335,000
Premium/Discount to List
-$55,000
-14.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%

Purchase Details

Listed on
Dec 19, 2011
Closed on
May 23, 2012
Sold by
Vasquez Armida P and Vasquez Ruben P
Bought by
Valentino Frank
Seller's Agent
Juan Sanchez
Pacific First Realty
Buyer's Agent
Juan Sanchez
Pacific First Realty
List Price
$390,000
Sold Price
$335,000
Premium/Discount to List
-$55,000
-14.1%

Purchase Details

Closed on
Sep 20, 2011
Sold by
Vasquez Armida and Avram Armendariz Trust
Bought by
Vasquez Armida P and Vasquez Ruben P

Purchase Details

Closed on
Oct 23, 2009
Sold by
Armendariz Avram
Bought by
Armendariz Avram and The Avram Armendariz Trust

Purchase Details

Closed on
Apr 12, 2005
Sold by
Thieghi Cristina
Bought by
Armendariz Avram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2004
Sold by
Stovell Pamela Aird
Bought by
Thieghi Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Leyva Arnel Rainier Castro
Bought by
Stovell Pamela Aird

Purchase Details

Closed on
Jan 24, 2003
Sold by
Leyva Arnel and Stovell Pamela
Bought by
Leyva Arnel and Stovell Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,060
Interest Rate
5.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 2002
Sold by
Leyva Arnel
Bought by
Stovell Pamela

Purchase Details

Closed on
Sep 17, 2001
Sold by
Stovell Pamela
Bought by
Leyva Arnel

Purchase Details

Closed on
Apr 24, 2001
Sold by
Martin J Abel and Martin Maria G
Bought by
Leyva Arnel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
6.88%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $850,000 Fidelity National Title
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Stewart Title Of California
Grant Deed $335,000 Stewart Title Of California
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $620,000 Commonwealth Title
Grant Deed $400,000 California Title Company
Quit Claim Deed -- --
Interfamily Deed Transfer -- American Title Co
Quit Claim Deed -- --
Interfamily Deed Transfer -- Benefit Land Title Company
Grant Deed $184,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $834,604 FHA
Previous Owner $242,000 New Conventional
Previous Owner $496,000 Purchase Money Mortgage
Previous Owner $80,000 Credit Line Revolving
Previous Owner $320,000 Purchase Money Mortgage
Previous Owner $267,750 Unknown
Previous Owner $207,060 FHA
Previous Owner $174,800 No Value Available
Closed $62,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $850,000 -1.0% $904 / Sq Ft
11/01/2022 11/01/22 Price Changed $859,000 -4.4% $914 / Sq Ft
06/20/2022 06/20/22 Price Changed $899,000 -2.8% $956 / Sq Ft
06/11/2022 06/11/22 Price Changed $925,000 0.0% $984 / Sq Ft
06/11/2022 06/11/22 For Sale $925,000 +8.8% $984 / Sq Ft
06/07/2022 06/07/22 Off Market $850,000 -- --
04/12/2022 04/12/22 For Sale $985,000 +194.0% $1,048 / Sq Ft
06/26/2012 06/26/12 Sold $335,000 -14.1% $356 / Sq Ft
01/19/2012 01/19/12 Pending -- -- --
12/19/2011 12/19/11 For Sale $390,000 -- $415 / 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
2024 $10,555 $867,000 $627,300 $239,700
2023 $7,080 $577,480 $466,258 $111,222
2022 $6,747 $566,158 $457,116 $109,042
2021 $6,664 $555,057 $448,153 $106,904
2020 $4,756 $384,742 $287,123 $97,619
2019 $4,568 $377,199 $281,494 $95,705
2018 $4,560 $369,804 $275,975 $93,829
2016 $4,356 $355,446 $265,259 $90,187
2015 $4,293 $350,108 $261,275 $88,833
2014 $4,318 $343,250 $256,157 $87,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22073250

California Regional Multiple Listing Service (CRMLS)

APN: 5443-006-009