NOT LISTED FOR SALE

Estimated Value: $995,000 - $1,146,000

3 Beds
2 Baths
3,720 Sq Ft
$282/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $985,000 $265 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,643/month

Highlights

  • 2 Car Garage
  • Wood Flooring
  • Bonus Room
  • Dual Staircase
  • Main Floor Bedroom
  • No HOA

About This Home

As of January 2022

BUY AND HOLD - 4 UNITS, 2 BUILDINGS THERE ARE 2X 2BDR. I.5 BA. AND 2 1BRM. 1 BA.SEPARATE GAS AND ELECTRICAL SERVISES. ALL COPPER PLUMBING.
AT THIS PRICE, PROPERTY WILL BE SOLD IN "AS IS " CONDITION. SELLER WILL HELPBUYER WITH "CASH FOR KEY" IF BUYER NEED VACANT
BRING YOUR BUYERS!

Last Agent to Sell the Property

Nick Tonchev

Tasoni Realty License #00629607 Listed on: 05/15/2021

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,938

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 7,495 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Wood Siding
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Plaster
  • Cedar

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Blinds
  • Wood Frame Window
  • Bonus Room
  • Wood Flooring
  • Basement

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • 220 Volts in Kitchen
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 2188
  • Assessor Parcel Number 5060022019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,344
  • New Taxes Expense $6,083
  • Operating Expense $11,000
  • Gross Income $5,097
  • Net Operating Income $3,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,938

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 262500
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: West Arlington Heights Track
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5060022019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 264.78
  • Room Type: Basement, Bonus Room, Laundry, Main Floor Bedroom, Master Bathroom
  • Window Features: Blinds, Wood Frames

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Second Garage Attached
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Construction Materials: Cedar, Drywall Walls, Plaster, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Electric: 220 Volts in Kitchen, Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7495.00
  • Lot Size Acres: 0.1721

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 1150 Square Feet
  • Gross Income: 5097.00
  • Gross Scheduled Income: 5097.00
  • Gross Spendable Income: 5097.00
  • Insurance Expense: 2344.00
  • Lot Size Area: 7495.0000 Square Feet
  • Net Operating Income: 3950.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22.00
  • Rent Control: Yes
  • Total Actual Rent: 5097.00
  • Total Expenses: 11000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6083.00
  • Tax Lot: 19
  • Tax Tract Number: 2188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
Dec 8, 2021
Sold by
Mihalev Angel Enev and Mihalev Anguel
Bought by
Washington Rico
Seller's Agent
Nick Tonchev
Tasoni Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,050,000
Sold Price
$985,000
Premium/Discount to List
-$65,000
-6.19%
Current Estimated Value
$1,049,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,783
Avg. Annual Appreciation
1.70%
Original Mortgage
$837,250
Outstanding Balance
$770,050
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$279,733

Purchase Details

Listed on
May 15, 2021
Closed on
Nov 30, 2021
Sold by
Mihalev Angel Enev
Bought by
Washington Rico
Seller's Agent
Nick Tonchev
Tasoni Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,050,000
Sold Price
$985,000
Premium/Discount to List
-$65,000
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$837,250
Outstanding Balance
$770,050
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$279,733

Purchase Details

Closed on
Mar 7, 2002
Sold by
Tolliver Frances M
Bought by
Mihalev Anguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
9.75%

Purchase Details

Closed on
Jul 21, 1993
Sold by
Ouzounian Haig V and Ouzounian Alice
Bought by
Tolliver Frances M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,860
Interest Rate
6.5%
Source: Public Records

Range of Values:

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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
Washington Rico $985,000 First Amer Ttl Co Glendale
Washington Rico $985,000 First American Title Company O
Mihalev Anguel $352,272 Southland Title
Tolliver Frances M $223,500 Progressive Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Rico $837,250
Closed Washington Rico $837,250
Previous Owner Mihalev Anguel $316,800
Previous Owner Tolliver Frances M $150,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2022 01/04/22 Sold $985,000 -6.2% $265 / Sq Ft
11/15/2021 11/15/21 For Sale $1,050,000 +6.6% $282 / Sq Ft
11/13/2021 11/13/21 Off Market $985,000 -- --
11/11/2021 11/11/21 Pending -- -- --
10/08/2021 10/08/21 Price Changed $1,050,000 -12.1% $282 / Sq Ft
08/24/2021 08/24/21 Price Changed $1,195,000 +3.9% $321 / Sq Ft
05/15/2021 05/15/21 For Sale $1,150,000 -- $309 / 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 $12,938 $985,000 $595,000 $390,000
2024 $12,938 $1,024,794 $619,038 $405,756
2023 $12,698 $1,004,700 $606,900 $397,800
2022 $6,355 $489,998 $250,568 $239,430
2021 $6,259 $480,391 $245,655 $234,736
2019 $6,083 $466,145 $238,370 $227,775
2018 $5,921 $457,006 $233,697 $223,309
2016 $5,634 $439,262 $224,623 $214,639
2015 $5,557 $432,664 $221,249 $211,415
2014 $5,602 $424,190 $216,916 $207,274
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21104437

California Regional Multiple Listing Service (CRMLS)

APN: 5060-022-019