NOT LISTED FOR SALE

Estimated Value: $671,762 - $1,624,000

1 Bed
1 Bath
2,825 Sq Ft
$330/Sq Ft Est. Value

Last Sold June 24, 2015

Last sale price $340,000 $120 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $5,332/month

23 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • No HOA
  • Bungalow
  • 4-minute walk to Bobby Bonds Park and Sports Complex

About This Home

As of June 2015

Fully occupied, Bread and butter 4 plex. Long term tenants. Great location. Close to downtown. Easy to manage. Parking on property.

Last Agent to Sell the Property

Joe Cafasso

Joe Cafasso Broker License #01381651 Listed on: 03/30/2015

Last Buyer's Agent

Vinod Dudheker

Vinpro Realty License #01706269

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,466

Year Built

  • Built in 1920

Lot Details

  • 7,102 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Additions or Alterations
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,825 Sq Ft Home
  • 1-Story Property
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 63 / 005
  • Tax Tract Number 59
  • Assessor Parcel Number 211172002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $696
  • Maintenance Expense $1,631
  • Water Sewer Expense $540
  • New Taxes Expense $4,362
  • Gross Income $2,315
  • Net Operating Income $22,173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,466

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.11
  • Price Per Unit: 87250
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 540.00
  • Zoning: R3
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 211172002
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One

Exterior Features

  • Foundation: Raised
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7102.00
  • Price Per Lot Square Foot: 47.87
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 725
  • Average Studio Area: 650
  • Gross Income: 2315.00
  • Gross Multiplier: 12.56
  • Gross Scheduled Income: 27780.00
  • Insurance Expense: 696.00
  • Lot Size Area: 7102.0000 Square Feet
  • Maintenance Expense: 1631.00
  • Net Operating Income: 22173.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 5
  • Number With Carpet: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 5607.00
  • Rent Control: No
  • Total Actual Rent: 2315.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4362.00
  • Tax Block: 005
  • Tax Lot: 63
  • Tax Tract Number: 059
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2020
Sold by
Mehta Rajesh and Mehta Sangeeta
Bought by
Mehta Rajesh and Mehta Sangeeta
Current Estimated Value
$930,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$312,009
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$514,809

Purchase Details

Closed on
Apr 23, 2015
Sold by
Cafasso Joseph G
Bought by
Mehta Rajesh and Mehta Sangeeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2013
Sold by
Plante John Z and Cafasso Joseph G
Bought by
Cafasso Joseph G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2012
Sold by
D N A & H Information Services Process P
Bought by
Cafasso Joseph G and Plante John Z

Purchase Details

Closed on
Dec 7, 2005
Sold by
Marchand Lee R
Bought by
D N A & H Information Services Process P

Purchase Details

Closed on
Dec 6, 1999
Sold by
Prime Jc Llc
Bought by
Corsair Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mehta Rajesh -- First American Title Company
Mehta Rajesh $340,000 Fatco
Cafasso Joseph G -- None Available
Cafasso Joseph G $180,000 None Available
D N A & H Information Services Process P -- None Available
Corsair Llc -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehta Rajesh $350,000
Previous Owner Mehta Rajesh $255,000
Previous Owner Cafasso Joseph G $180,000
Closed Cafasso Joseph G $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2015 06/24/15 Sold $340,000 -2.6% $120 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $349,000 -- $124 / 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 $4,466 $408,620 $96,143 $312,477
2023 $4,466 $392,754 $92,410 $300,344
2022 $4,365 $385,054 $90,599 $294,455
2021 $4,310 $377,505 $88,823 $288,682
2020 $4,278 $373,635 $87,913 $285,722
2019 $4,197 $366,310 $86,190 $280,120
2018 $4,116 $359,128 $84,500 $274,628
2017 $4,040 $352,088 $82,844 $269,244
2016 $3,782 $345,185 $81,220 $263,965
2015 $2,104 $188,117 $47,029 $141,088
2014 -- $184,433 $46,108 $138,325
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15065677

California Regional Multiple Listing Service (CRMLS)

APN: 211-172-002