NOT LISTED FOR SALE

Estimated Value: $702,061 - $755,000

4 Beds
2 Baths
1,542 Sq Ft
$475/Sq Ft Est. Value

Last Sold December 03, 2015

Last sale price $385,000 $250 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,386/month

118 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Tile Countertops
  • Main Floor Primary Bedroom
  • Private Yard
  • Living Room

About This Home

As of December 2015

Corner lot duplex with two units, both featuring 2 bedrooms 1 bath. Unit A has grassy yard. Unit B has 1 car garage. Each unit has own water, gas and electric meter, plus side patio area with kitchen access. Needs some TLC, but cost should be limited due to smaller overall kitchen sizes and just 2 total baths. Great income property with solid low cost structure. Would also make a good "live in one, rent the other" property.

Last Agent to Sell the Property

John Cirignani

Legacy 15 Real Estate Brokers License #01280684 Listed on: 06/26/2015

Co-Listed By

Diane Cirignani

Legacy 15 Real Estate Brokers License #01242684

Last Buyer's Agent

Richard Rede

Avarnka Real Estate, Inc. License #01095198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,002

Year Built

  • Built in 1960

Lot Details

  • 4,122 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Rectangular Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,542 Sq Ft Home
  • Panel Doors
  • Living Room
  • Tile Flooring
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 6305
  • Assessor Parcel Number 7303016001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $450
  • Maintenance Expense $1,000
  • New Taxes Expense $3,535
  • Gross Income $2,500
  • Net Operating Income $25,015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,002

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7303016001
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 249.68
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Gas Cooktop, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Rectangular Lot, Corner Lot, Yard
  • Lot Size Sq Ft: 4122.00
  • Price Per Lot Square Foot: 93.40
  • Lot Size Acres: 0.0950

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 771
  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 450.00
  • Lot Size Area: 4122.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 25015.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Operating Expense: 4985.00
  • Rent Control: No
  • Total Actual Rent: 2500.00

Tax Info

  • New Taxes Expense: 3535.00
  • Tax Lot: 1
  • Tax Tract Number: 6305

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Perez Gonzalo
Bought by
Perez Gonzalo and Gonzalo Perez Trust
Total Days on Market
118
Current Estimated Value
$732,265

Purchase Details

Listed on
Jun 26, 2015
Closed on
Oct 28, 2015
Sold by
Villagrana Israel
Bought by
Perez Gonzalo
Seller's Agent
John Cirignani
Legacy 15 Real Estate Brokers
Buyer's Agent
Richard Rede
Avarnka Real Estate, Inc.
List Price
$289,900
Sold Price
$385,000
Premium/Discount to List
$95,100
32.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$288,750
Outstanding Balance
$231,004
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$518,332

Purchase Details

Listed on
Jun 26, 2015
Closed on
Oct 26, 2015
Sold by
Villagrana Israel
Bought by
Villagrana Israel and Villagrana Elizabeth Huerta
Seller's Agent
John Cirignani
Legacy 15 Real Estate Brokers
Buyer's Agent
Richard Rede
Avarnka Real Estate, Inc.
List Price
$289,900
Sold Price
$385,000
Premium/Discount to List
$95,100
32.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Outstanding Balance
$231,004
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$518,332

Purchase Details

Closed on
Aug 7, 2013
Sold by
Villagrana Israel
Bought by
Villagrana Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,850
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2002
Sold by
Hernandez Carlos and Hernandez Manuela
Bought by
Villagrana Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
6.52%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 6, 1997
Sold by
Washington Samuel M and Washington Edwina L
Bought by
Hernandez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,389
Interest Rate
7.56%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Perez Gonzalo -- None Available
Perez Gonzalo $385,000 Lawyers Title
Villagrana Israel -- Accommodation
Villagrana Israel -- None Available
Villagrana Israel $215,000 Chicago Title Co
Hernandez Carlos -- Chicago Title Co
Hernandez Carlos $142,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Gonzalo $288,750
Previous Owner Villagrana Israel $174,850
Previous Owner Villagrana Israel D $250,000
Previous Owner Villagrana Israel $187,000
Previous Owner Villagrana Israel $10,000
Previous Owner Villagrana Israel $150,500
Previous Owner Hernandez Carlos $138,293
Previous Owner Hernandez Carlos $140,389
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2015 12/03/15 Sold $385,000 +32.8% $250 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $289,900 -- $188 / 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 $6,002 $446,819 $116,056 $330,763
2023 $5,908 $438,059 $113,781 $324,278
2022 $5,559 $429,470 $111,550 $317,920
2021 $5,452 $421,050 $109,363 $311,687
2020 $5,438 $416,734 $108,242 $308,492
2019 $5,372 $408,564 $106,120 $302,444
2018 $5,190 $400,554 $104,040 $296,514
2016 $4,771 $385,000 $100,000 $285,000
2015 $3,228 $259,083 $84,350 $174,733
2014 $3,212 $254,009 $82,698 $171,311
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15139941

California Regional Multiple Listing Service (CRMLS)

APN: 7303-016-001