NOT LISTED FOR SALE

Estimated Value: $1,431,747 - $1,641,000

7 Beds
4 Baths
3,234 Sq Ft
$487/Sq Ft Est. Value

Last Sold July 09, 2013

Last sale price $795,000 $246 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $9,445/month

11 Days on Market

Highlights

  • No HOA
  • Balcony
  • Central Heating and Cooling System
  • Garvey (Richard) Intermediate School Rated A-
  • Laundry Room
  • 3-minute walk to Marshall Park

About This Home

As of July 2013

Well maintained and low maintenance 3 units apartments A townhome style for the 2 bedroom units with a half bath, kitchen, living room downstairs and 2 bedrooms and 1 full bath upstairs. The 3 bedroom unit is single level with a master suite. All units come with their own central air unit. Laundry room is currently used as storage unit, but has all all necessary hook ups for a laundry facility. All occupants are long term tenants and offering the new owner an upside potential to increase rental income in this non- rent control property.
Buyer to cooperate with seller for a 1031 tax deferred exchange at no cost to buyer. Please do not walk on property, drive by only, please do not disturb occupants.

Last Agent to Sell the Property

Shawn Luong

eXp Realty of Greater Los Angeles License #00857818 Listed on: 05/01/2013

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Katie Tu

TREELINE REALTY License #01118265

TREELINE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,407

Year Built

  • Built in 1980

Lot Details

  • 7,393 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Copper Plumbing

Interior Spaces

  • 3,234 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 3004
  • Assessor Parcel Number 5360045073

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,672
  • Gross Income $3,365
  • Net Operating Income $25,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,407

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5360045073
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Copper Plumbing Full
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 245.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7393.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1234
  • Electric Expense: 300.00
  • Gross Income: 3365.00
  • Gross Scheduled Income: 40380.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7393.0000 Square Feet
  • Net Operating Income: 25008.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15372.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9672.00
  • Tax Lot: 6
  • Tax Tract Number: 3004
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2015
Sold by
Kwan Wing Hung
Bought by
Chan Fanny Oi Fong and The Fanny Oi Fong Chan Revocable Living
Current Estimated Value
$1,521,201

Purchase Details

Closed on
Feb 28, 2014
Sold by
Kwan Wing Hung
Bought by
Kwan Wing Hung and Wing Hung Kwan Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2013
Closed on
Jun 3, 2013
Sold by
Wan James
Bought by
Kwan Wing Hung and The Wing Hung Kwan Revocable Living Trus
Seller's Agent
Shawn Luong
eXp Realty of Greater Los Angeles
Buyer's Agent
Katie Tu
TREELINE REALTY
List Price
$765,000
Sold Price
$795,000
Premium/Discount to List
$30,000
3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$577,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2007
Sold by
Wan James and Wan Pansy L
Bought by
Wan James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1993
Sold by
Wan James and Wan Pansy L
Bought by
Wan James
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
Chan Fanny Oi Fong $780,000 Chicago Title Company
Kwan Wing Hung -- First American Title Company
Kwan Wing Hung -- First American Title Company
Kwan Wing Hung $795,000 Chicago Title Company
Wan James -- Accommodation
Wan James -- First American Title Co
Wan James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Fanny Oi Fong $477,700
Closed Chan Fanny Oi Fong $480,000
Previous Owner Kwan Wing Hung $549,000
Previous Owner Kwan Wing Hung $568,000
Previous Owner Kwan Wing Hung $577,500
Previous Owner Wan James $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2013 07/09/13 Sold $795,000 +3.9% $246 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $765,000 -- $237 / 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 $13,407 $937,435 $360,551 $576,884
2024 $13,407 $919,055 $353,482 $565,573
2023 $12,945 $901,035 $346,551 $554,484
2022 $12,379 $883,368 $339,756 $543,612
2021 $12,311 $866,048 $333,095 $532,953
2019 $11,866 $840,363 $323,216 $517,147
2018 $11,738 $823,886 $316,879 $507,007
2016 $10,829 $791,895 $304,575 $487,320
2015 $11,051 $810,883 $443,691 $367,192
2014 $10,907 $795,000 $435,000 $360,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13087145

California Regional Multiple Listing Service (CRMLS)

APN: 5360-045-073