NOT LISTED FOR SALE

Estimated Value: $1,778,000 - $2,151,173

6 Beds
3 Baths
2,561 Sq Ft
$766/Sq Ft Est. Value

Last Sold February 28, 2015

Last sale price $1,141,200 $446 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $11,818/month

Highlights

  • No Units Above
  • No HOA
  • 4-minute walk to Mathews Parkette
  • Birney Elementary School Rated A+

About This Home

As of February 2015

Great owner-user or investment property. Close to beaches, shopping, and the freeways. Front house is a
2-bedroom/1.5-bath with a large bonus room downstairs that can be used as a 3rd bedroom with walk-in closet. This
unit also hosts an extra bonus room/study. The kitchen and bathroom and been remodeled. There is large family room
and separate dining room or living room. The front yard is completely fenced in and ideal for pets or small children.
The back duplex hosts two 2-bedroom/1-bathroom units. All three units have their own laundry hook-ups. There are
3-garage spots and a long driveway. The common area has a shared built-in barbecue grill. The elementary school is a
short walk away. Lots of room to raise rents. All interior pictures are of the single family house in the front.

Last Agent to Sell the Property

Todd Slatcher

Jamison Management Company License #01456645 Listed on: 02/28/2015

Last Buyer's Agent

Kirby Larson

Estate Properties License #00593173

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,079

Year Built

  • Built in 1954

Lot Details

  • 7,503 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Lot Sloped Down
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • 2,561 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 6207
  • Assessor Parcel Number 4156007008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $915
  • Insurance Expense $1,373
  • Water Sewer Expense $644
  • New Taxes Expense $14,000
  • Gross Income $5,135
  • Net Operating Income $35,237

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,079

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 644.00
  • Property Type: Residential Income
  • Gardener Expense: 915.00
  • Parcel Number: 4156007008
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Price Per Square Foot: 445.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: Sloped Down, Sprinklers In Front
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5135.00
  • Gross Scheduled Income: 53782.00
  • Insurance Expense: 1373.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 35237.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 18545.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Lot: 8
  • Tax Tract Number: 6207
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2015
Sold by
Cole Anthony L and Cole Diane B
Bought by
A L & D B Cole Family Revocable Trust
Current Estimated Value
$1,960,793

Purchase Details

Listed on
Feb 28, 2015
Closed on
Jan 29, 2015
Sold by
Pacific Waterfront Llc
Bought by
Cole Anthony L and Cole Diane Barry
Seller's Agent
Todd Slatcher
Jamison Management Company
Buyer's Agent
Kirby Larson
Estate Properties
List Price
$1,169,000
Sold Price
$1,141,200
Premium/Discount to List
-$27,800
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$855,900
Outstanding Balance
$653,592
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,343,743

Purchase Details

Closed on
Mar 20, 2006
Sold by
Holtorf Kent and Cartozian Stephanie
Bought by
Pacific Waterfront Llc

Purchase Details

Closed on
Apr 27, 2005
Sold by
Holtorf Kent
Bought by
Cartozian Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2000
Sold by
Lee Kuang Te
Bought by
Lee Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Interest Rate
7.71%

Purchase Details

Closed on
Nov 14, 2000
Sold by
Huang Vivian and Lee Vivian
Bought by
Cartozian Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Interest Rate
7.71%

Purchase Details

Closed on
Sep 23, 1994
Sold by
Mcneice Jesse J and Mcneice Anne L
Bought by
Casner Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.91%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
A L & D B Cole Family Revocable Trust -- None Available
Cole Anthony L $1,141,500 First American Title Company
Pacific Waterfront Llc -- None Available
Holtorf Kent -- None Available
Cartozian Stephanie -- Lawyers Title
Lee Vivian -- First American
Cartozian Stephanie $416,000 First American Title Co
Casner Craig $180,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Anthony L $855,900
Previous Owner Cartozian Stephanie $80,000
Previous Owner Cartozian Stephanie $374,400
Previous Owner Casner Craig $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2015 02/28/15 Sold $1,141,200 -2.4% $446 / Sq Ft
02/28/2015 02/28/15 Pending -- -- --
02/28/2015 02/28/15 For Sale $1,169,000 -- $456 / 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 $17,079 $1,371,302 $985,513 $385,789
2024 $17,079 $1,344,415 $966,190 $378,225
2023 $16,777 $1,318,055 $947,246 $370,809
2022 $16,429 $1,292,212 $928,673 $363,539
2021 $15,969 $1,266,875 $910,464 $356,411
2020 $15,919 $1,253,886 $901,129 $352,757
2019 $15,541 $1,229,301 $883,460 $345,841
2018 $15,038 $1,205,198 $866,138 $339,060
2017 $14,800 $1,181,567 $849,155 $332,412
2016 $14,524 $1,158,400 $832,505 $325,895
2015 $7,377 $521,561 $369,859 $151,702
2014 -- $511,345 $362,614 $148,731
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15044106

California Regional Multiple Listing Service (CRMLS)

APN: 4156-007-008