NOT LISTED FOR SALE

Estimated Value: $592,534 - $1,080,000

6 Beds
5 Baths
3,120 Sq Ft
$259/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $495,000 $159 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,212/month

26 Days on Market

Highlights

  • 13,500 Sq Ft lot
  • Solar Heating System
  • 1-Story Property
  • Laundry Room
  • Heating Available

About This Home

As of June 2018

Turnkey quadruplex perfect for investor looking for income producing units. Main house has 2 bedroom and 2 baths. Front left and rear left units have long term tenants. All units have new windows, garage doors, and have been repainted. Also have new kitchens with granite counters, new wood laminate flooring, new tile in wet areas and bathrooms have been remodeled. Property is a must see.

Last Agent to Sell the Property

EDWARD GUTIERREZ

GATEWAY HOME SERVICES License #01434990 Listed on: 03/16/2018

Last Buyer's Agent

Shawn Porter

Re/Max Freedom License #01462879

Re/Max Freedom

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Solar Heating System
  • Heating Available

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 7012
  • Assessor Parcel Number 0140172420000

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,980
  • Operating Expense $11,080
  • Gross Income $30,920
  • Net Operating Income $30,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 0140172420000
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 158.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Solar
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13500.00

Multi Family

  • Gross Income: 30920.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 30920.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 11080.00
  • Rent Control: No
  • Total Expenses: 11080.00

Tax Info

  • New Taxes Expense: 5980.00
  • Tax Census Tract: 56.00
  • Tax Lot: 14
  • Tax Tract Number: 7012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
Jun 19, 2018
Sold by
Alvarez David
Bought by
Martin Frank Edward
Seller's Agent
EDWARD GUTIERREZ
GATEWAY HOME SERVICES
Buyer's Agent
Shawn Porter
Re/Max Freedom
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Current Estimated Value
$695,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,533
Avg. Annual Appreciation
6.71%
Original Mortgage
$486,008
Outstanding Balance
$427,141
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$380,743

Purchase Details

Listed on
Mar 16, 2018
Closed on
May 21, 2018
Sold by
Martin Shalini
Bought by
Martin Frank Edward
Seller's Agent
EDWARD GUTIERREZ
GATEWAY HOME SERVICES
Buyer's Agent
Shawn Porter
Re/Max Freedom
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,008
Outstanding Balance
$427,141
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$380,743

Purchase Details

Listed on
Oct 23, 2017
Closed on
Jan 3, 2018
Sold by
Whittaker Jason M
Bought by
Alvarez David
Seller's Agent
Dennis Davis
DENNIS DAVIS REAL ESTATE
Buyer's Agent
JOSE SARABIA
Gateway California Realty
List Price
$330,000
Sold Price
$330,500
Premium/Discount to List
$500
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
136.19%

Purchase Details

Closed on
Aug 22, 2007
Sold by
Baldwin Ila Mae and Whittaker Christopher John
Bought by
Baldwin Ila Mae

Purchase Details

Closed on
Aug 4, 2007
Sold by
Baldwin Ila Mae and Whittaker Jason Mckinley
Bought by
Baldwin Ila Mae

Purchase Details

Closed on
May 29, 2007
Sold by
Baldwin Ila Mae
Bought by
Baldwin Ila Mae and Whittaker Jason Mckinley

Purchase Details

Closed on
Sep 8, 2005
Sold by
Baldwin Morley J E
Bought by
Baldwin Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martin Frank Edward $495,000 First American Title Company
Martin Frank Edward -- First American Title
Alvarez David $330,500 First American Title
Baldwin Ila Mae -- None Available
Baldwin Ila Mae -- None Available
Baldwin Ila Mae -- None Available
Baldwin Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Frank Edward $486,008
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2018 06/29/18 Sold $495,000 -1.0% $159 / Sq Ft
04/24/2018 04/24/18 For Sale $499,900 +1.0% $160 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
04/02/2018 04/02/18 Pending -- -- --
03/24/2018 03/24/18 Off Market $495,000 -- --
03/16/2018 03/16/18 For Sale $499,900 +51.3% $160 / Sq Ft
01/09/2018 01/09/18 Sold $330,500 0.0% $106 / Sq Ft View Prior Sale
11/08/2017 11/08/17 Pending -- -- --
11/07/2017 11/07/17 Off Market $330,500 -- --
10/23/2017 10/23/17 For Sale $330,000 -- $106 / 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 $6,899 $552,183 $167,329 $384,854
2024 $6,899 $541,356 $164,048 $377,308
2023 $6,727 $530,741 $160,831 $369,910
2022 $6,743 $520,334 $157,677 $362,657
2021 $6,760 $510,131 $154,585 $355,546
2020 $6,782 $504,900 $153,000 $351,900
2019 $6,727 $495,000 $150,000 $345,000
2018 $2,506 $294,977 $52,442 $242,535
2017 $2,580 $175,931 $35,885 $140,046
2016 $2,507 $172,481 $35,181 $137,300
2015 $703 $59,784 $16,305 $43,479
2014 $682 $58,613 $15,986 $42,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18061696

California Regional Multiple Listing Service (CRMLS)

APN: 0140-172-42