NOT LISTED FOR SALE

Estimated Value: $1,490,000 - $1,797,815

8 Beds
4 Baths
3,420 Sq Ft
$483/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $1,400,000 $409 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,277/month

Highlights

  • Corner Lot
  • Granite Countertops
  • Laundry Room

About This Home

As of January 2020

Investors dream, 7.1% CAP investment property. This 4-Plex consists of four large, 2 Br + 1 Bath Units. All units have been renovated in 2019 including bathroom upgrades, new plumbing, new electrical, new double pane windows, new flooring, new kitchen. Furthermore All units have new A/C Split System. There are inside washer /dryer hookups, separate meters for all utilities, about four-year old roofing. Additionally, there is available area in the back of the house for installing storage unit, potentially deriving additional income of $500.00 per month. Look under supplements for offering memorandum, containing more details.

Last Agent to Sell the Property

Nick Ananyan

Titus Realty, Inc. License #01320968 Listed on: 10/22/2019

Last Buyer's Agent

Ken Ishiki

Lyon Stahl Investment Real Estate License #01438720

Lyon Stahl Investment Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,974

Year Built

  • Built in 1957

Lot Details

  • 6,330 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,420 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Granite Countertops
  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 25 / 51
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351008035

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $15,159
  • Operating Expense $22,400
  • Gross Income $115,200
  • Net Operating Income $98,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,974

Year Built

Built in 1957

Lot Details

0

Parking

8

Listing Details

  • CapRate: 7.10
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7351008035
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Price Per Square Foot: 409.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6330.00
  • Lot Size Acres: 0.1453

Multi Family

  • Gross Income: 115200.00
  • Gross Scheduled Income: 115200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6330.0000 Square Feet
  • Net Operating Income: 98000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 17503.00
  • Rent Control: Yes
  • Total Actual Rent: 6900.00
  • Total Expenses: 22400.00

Tax Info

  • New Taxes Expense: 15159.00
  • Tax Block: 51
  • Tax Census Tract: 2920.00
  • Tax Lot: 25
  • Tax Tract Number: 4983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Rabot Roberto R and Rabot Grace F
Bought by
20624 S Western Avenue Llc
Current Estimated Value
$1,653,204

Purchase Details

Listed on
Oct 22, 2019
Closed on
Dec 9, 2019
Sold by
Galstyan Tigran
Bought by
Rabot Roberto R and Rabot Grace F
Seller's Agent
Nick Ananyan
Titus Realty, Inc.
Buyer's Agent
Ken Ishiki
Lyon Stahl Investment Real Estate
List Price
$1,479,000
Sold Price
$1,400,000
Premium/Discount to List
-$79,000
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$900,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2016
Closed on
Sep 27, 2016
Sold by
Chun Tae Ho
Bought by
Galstyan Tigran
Seller's Agent
Christina Lee
Ivy Realty Co.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.06%
Original Mortgage
$676,637
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 2005
Sold by
Shinjo David Y
Bought by
Chun Tae Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 3, 2004
Sold by
Ota Atsuko
Bought by
Shinjo David Y

Purchase Details

Closed on
Oct 16, 2001
Sold by
Lilien Anne Renee
Bought by
Lilien Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.62%

Purchase Details

Closed on
Oct 3, 2001
Sold by
Lilien Marc
Bought by
Shinjo David Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.62%

Purchase Details

Closed on
May 12, 1998
Sold by
Bowman Erik N
Bought by
Lilien Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,759
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 1996
Sold by
Family Trust Hunter John And Christina C Trs and Hunter Christina C
Bought by
Bowman Erik N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,800
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1993
Sold by
Hunter John and Hunter Christina C
Bought by
Hunter John and Hunter Christina C
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
20624 S Western Avenue Llc -- Gauthier Estate Planning Aplc
Rabot Roberto R -- Gauthier Estate Planning Aplc
Rabot Roberto R $1,400,000 Priority Title
Galstyan Tigran $700,000 Provident Title Company
Chun Tae Ho $610,000 Southland Title Company
Shinjo David Y -- --
Lilien Marc -- Southland Title
Shinjo David Y $286,000 Southland Title
Lilien Marc $219,000 Lawyers Title Company
Bowman Erik N $144,000 South Coast Title Co
Hunter John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rabot Roberto R $900,000
Previous Owner Galstyan Tigran $676,637
Previous Owner Chun Tae Ho $488,000
Previous Owner Shinjo David Y $214,500
Previous Owner Lilien Marc $211,759
Previous Owner Bowman Erik N $158,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2020 01/31/20 Sold $1,400,000 -5.3% $409 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $1,479,000 +111.3% $432 / Sq Ft
09/30/2016 09/30/16 Sold $700,000 0.0% $205 / Sq Ft View Prior Sale
09/01/2016 09/01/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $699,900 0.0% $205 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $699,900 -- $205 / 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 $18,974 $1,531,101 $656,186 $874,915
2024 $18,974 $1,501,080 $643,320 $857,760
2023 $18,607 $1,471,648 $630,706 $840,942
2022 $17,754 $1,442,793 $618,340 $824,453
2021 $17,526 $1,414,504 $606,216 $808,288
2020 $9,813 $742,844 $371,422 $371,422
2019 $9,440 $728,280 $364,140 $364,140
2018 $9,317 $714,000 $357,000 $357,000
2016 $9,264 $718,265 $412,119 $306,146
2015 $8,797 $680,000 $389,000 $291,000
2014 $8,021 $600,000 $343,700 $256,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19246427

California Regional Multiple Listing Service (CRMLS)

APN: 7351-008-035