NOT LISTED FOR SALE

Estimated Value: $740,000 - $969,000

8 Beds
4 Baths
2,332 Sq Ft
$373/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $725,000 $311 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,345/month

18 Days on Market

About This Home

As of October 2018

We are pleased to present a value-add fourplex located in a strong rental pocket on the Eastside in Downtown. The subject property is situated just east of South Main Street, and north of East Adams Boulevard.This two-story building features a streamlined unit mix of four (4) two bedroom/one bathroom units. It offers unit amenities including ample on-site parking, excellent frontage in a residential neighborhood, great location, and an excellent unit mix.This offering presents an excellent opportunity for any investor to acquire a Value-add property in the Downtown area with strong upside in potential rents.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/02/2018

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/02/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,244 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 2,332 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5127-031-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2332
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 317.32

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 33570
  • Assessed Land Value: 15607
  • Assessor Parcel Number: 5127-031-009
  • Geocode Override: No
  • Lot Size Area: 5244

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.47
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2023
Sold by
Heger Teresa
Bought by
Heger Christian
Current Estimated Value
$869,219

Purchase Details

Closed on
Feb 8, 2023
Sold by
Dts Holdings Llc
Bought by
Cardinal Real Estate Investments Llc

Purchase Details

Closed on
Apr 25, 2022
Sold by
Dts Holdings Llc
Bought by
Ransford Kyle

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 11, 2018
Sold by
Sbpp Properties Llc
Bought by
Cardinal Real Estate Investments Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$740,000
Sold Price
$725,000
Premium/Discount to List
-$15,000
-2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Original Mortgage
$435,000
Interest Rate
4.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2018
Sold by
Bellaire Re Holdings Llc
Bought by
Svpp Propertles Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 28, 2011
Sold by
Flores Tomasa
Bought by
Bellaire Re Holdings Llc

Purchase Details

Closed on
Mar 28, 2002
Sold by
Flores Lorenzo
Bought by
Flores Tomasa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Heger Christian -- --
Cardinal Real Estate Investments Llc -- Stewart Title Of California In
Dts Holdings Llc -- Stewart Title Of California In
Ransford Kyle -- Stewart Title Of California In
Dts Holdings Llc -- First American Title Company O
Cardinal Real Estate Investments Llc $725,000 Ticor Title
Svpp Propertles Llc $625,000 Ticor Title
Bellaire Re Holdings Llc -- None Available
Flores Tomasa -- None Available
Flores Tomasa -- Chicago Title
Flores Tomasa -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardinal Real Estate Investments Llc $435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2018 10/26/18 Sold $725,000 -2.0% $311 / Sq Ft
08/02/2018 08/02/18 For Sale $740,000 -- $317 / Sq Ft
Source: The MLS

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 $9,979 $808,746 $418,317 $390,429
2024 $9,979 $792,889 $410,115 $382,774
2023 $9,791 $777,343 $402,074 $375,269
2022 $9,343 $762,102 $394,191 $367,911
2021 $9,224 $747,160 $386,462 $360,698
2019 $8,953 $725,000 $375,000 $350,000
2018 $941 $50,160 $15,919 $34,241
2016 $877 $48,213 $15,301 $32,912
2015 $869 $47,490 $15,072 $32,418
2014 $900 $46,560 $14,777 $31,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-371632

The MLS

APN: 5127-031-009

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