NOT LISTED FOR SALE

Estimated Value: $739,000 - $817,679

4 Beds
2 Baths
1,840 Sq Ft
$429/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $350,000 $190 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $4,779/month

4 Days on Market

About This Home

As of September 2015

This is the first time this Duplex, each unit having 2 bedrooms and 1 bath, has been on the market in the last 28 years. The owners have decided to retire from "Property Management." Driving in this neighborhood one can see a number of Duplexes that have been been well taken cared of or upgraded. This Duplex is one building with a unit on top and the other downstairs. There are 2 garages, each with a single garage door. There is additional parking on the long driveways. The big backyard after some landscaping can be a place for the Tenants to relax and just hang out. Buyers to verify permits and square footage of the building and property.

Last Agent to Sell the Property

Michael Murai

The Realestate Group License #00559695 Listed on: 08/08/2015

Co-Listed By

Cheryl Murai

The Realestate Group License #00798200

Last Buyer's Agent

Regina Hooks

Robert Pitts Estates License #01207855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,157

Year Built

  • Built in 1947

Lot Details

  • 6,004 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1,840 Sq Ft Home
  • Window Screens

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 83
  • Tax Tract Number 13545
  • Assessor Parcel Number 6058013021

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,300
  • Trash Expense $450
  • Water Sewer Expense $450
  • New Taxes Expense $4,250
  • Gross Income $2,000
  • Net Operating Income $16,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,157

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 450.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6058013021
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 190.22
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6004.00
  • Price Per Lot Square Foot: 58.29
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 16830.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7170.00
  • Rent Control: Yes
  • Total Actual Rent: 2000.00

Tax Info

  • New Taxes Expense: 4250.00
  • Tax Lot: 83
  • Tax Tract Number: 13545

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2016
Sold by
Asfaw Yalemzerf M
Bought by
The Yalemzerf M Asfaw Living Trust
Current Estimated Value
$789,170

Purchase Details

Listed on
Aug 8, 2015
Closed on
Sep 10, 2015
Sold by
Bride Wilbert Me
Bought by
Asfaw Yalemzerf M
Seller's Agent
Michael Murai
The Realestate Group
Buyer's Agent
Regina Hooks
Robert Pitts Estates
List Price
$340,000
Sold Price
$350,000
Premium/Discount to List
$10,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$218,000
Interest Rate
3.91%
Mortgage Type
New Conventional
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
The Yalemzerf M Asfaw Living Trust -- None Available
Asfaw Yalemzerf M $350,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asfaw Yalemzerf M $189,000
Closed Asfaw Yalemzerf M $218,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2015 09/15/15 Sold $350,000 +2.9% $190 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
08/08/2015 08/08/15 For Sale $340,000 -- $185 / 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 $6,157 $414,322 $236,756 $177,566
2024 $6,157 $406,199 $232,114 $174,085
2023 $5,891 $398,235 $227,563 $170,672
2022 $5,637 $390,427 $223,101 $167,326
2021 $5,574 $382,773 $218,727 $164,046
2019 $5,316 $371,422 $212,241 $159,181
2018 $5,231 $364,140 $208,080 $156,060
2016 $5,013 $350,000 $200,000 $150,000
2015 $3,292 $203,826 $74,836 $128,990
2014 $3,300 $199,835 $73,371 $126,464
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15175377

California Regional Multiple Listing Service (CRMLS)

APN: 6058-013-021