NOT LISTED FOR SALE

Estimated Value: $2,304,000 - $2,735,000

6 Beds
6 Baths
4,310 Sq Ft
$576/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $1,645,000 $382 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $15,699/month

83 Days on Market

Highlights

  • Lawn
  • No HOA
  • Tile Countertops
  • Lincoln Elementary School Rated A+
  • Plantation Shutters
  • 5-minute walk to Anderson Park

About This Home

As of March 2018

Great Investment Opportunity! 2-Unit building. Excellent rental history and homes lease-up quickly! Each home is a three-bedroom, three-bathroom unit with a two car garage and a fenced backyard. Unit A: This vacant unit has recently been upgraded with new carpet, new bathroom tile flooring, new medicine cabinets and faucets, new interior repainting, new sliding glass doors, new kitchen faucets, new recessed ceiling lighting in the kitchen, new window screens and new interior and exterior doorknobs. The home has a sunken living room, fireplace, central heating and washer/dryer hookups in the garage. The kitchen area has tile countertops, tile kitchen floors, dishwasher, oven and gas range with vent hood and a garbage disposal. The front yard is partially fenced and the side yard area is fully fenced with a concrete block wall. The upstairs is carpeted. Unit B: This occupied unit has a sunken tile living room, hardwood flooring in the family room, fireplace, central heating and washer/dryer hookups in the garage. The kitchen area has tile countertops, tile kitchen floors, dishwasher, oven and gas range with vent hood and a garbage disposal. The upstairs is carpeted. The back yard is fenced with a concrete block wall and has a patio. Fast turnover time between vacancies aided by an attentive property management company! PROPERTY SOLD AS TRUE "AS-IS". OWNERSHIP (TRUST) WILL NOT AGREE TO ANY REPAIRS.

Last Agent to Sell the Property

Jon Grogan

Vista Sotheby’s International Realty License #01928013 Listed on: 10/26/2017

Vista Sotheby’s International Realty

Last Buyer's Agent

Jerry Carew

3 Leaf Realty Inc License #01374136

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,922

Year Built

  • Built in 1981

Lot Details

  • 7,502 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Garage Door Opener
  • Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,310 Sq Ft Home
  • Ceiling Fan
  • Plantation Shutters
  • Blinds
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Standard Electricity

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 6205
  • Assessor Parcel Number 4150007046

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $125
  • Fuel Expense $125
  • Insurance Expense $500
  • Trash Expense $125
  • Water Sewer Expense $125
  • New Taxes Expense $19,000
  • Operating Expense $20,000
  • Gross Income $90,000
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,922

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 125.00
  • Zoning: RBR-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4150007046
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Sunken Living Room, Tile Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 381.67
  • Room Type: All Bedrooms Up, Family Room, Master Bathroom, Master Bedroom
  • Window Features: Blinds, Plantation Shutters

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Door Opener
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Vented Exhaust Fan
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 125.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn
  • Lot Size Sq Ft: 7502.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 125.00
  • Fuel Expense: 125.00
  • Gross Income: 90000.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 500.00
  • Net Operating Income: 70000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 19000.00
  • Tax Area: 8-060
  • Tax Census Tract: 6205.01
  • Tax Lot: 1
  • Tax Tract Number: 6205.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2017
Closed on
Feb 2, 2018
Sold by
Ng Susan Gock and Ng Susan G
Bought by
Ng Laurel
Seller's Agent
Jon Grogan
Vista Sotheby’s International Realty
Buyer's Agent
Jerry Carew
3 Leaf Realty Inc
List Price
$1,725,000
Sold Price
$1,645,000
Premium/Discount to List
-$80,000
-4.64%
Total Days on Market
83
Current Estimated Value
$2,482,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$837,984

Purchase Details

Listed on
Oct 26, 2017
Closed on
Jan 22, 2018
Sold by
Ng Stuart
Bought by
Rangchian Aysan
Seller's Agent
Jon Grogan
Vista Sotheby’s International Realty
Buyer's Agent
Jerry Carew
3 Leaf Realty Inc
List Price
$1,725,000
Sold Price
$1,645,000
Premium/Discount to List
-$80,000
-4.64%

Purchase Details

Closed on
Jan 13, 2017
Sold by
Susan G Ng 2015 Revocable Living Trust
Bought by
Ng Laurel

Purchase Details

Closed on
May 7, 2015
Sold by
Ng Susan Gock
Bought by
Ng Susan G and Susan G Ng 2015 Revocable Living Trust

Purchase Details

Closed on
Mar 15, 2010
Sold by
The M G Kido Trust
Bought by
Kido Kevin K and Ng Stuart

Purchase Details

Closed on
Feb 2, 2010
Sold by
Kido May Gock
Bought by
Kido May G and The M G Kido Trust

Purchase Details

Closed on
Mar 28, 2002
Sold by
Kido May Gock and Ng Susan Gock
Bought by
Ng Susan Gock

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.78%
Source: Public Records

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Range of Values:

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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
Rangchian Aysan $1,645,000 North American Title Company
Rangchian Aysan -- North American Title Company
Ng Susan G -- None Available
Kido May G -- None Available
Ng Susan Gock -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ng Susan Gock $291,000
Previous Owner Ng Susan Gock $307,000
Previous Owner Ng Susan Gock $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2018 03/09/18 Sold $1,645,000 -4.6% $382 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
10/26/2017 10/26/17 For Sale $1,725,000 -- $400 / 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
2024 $21,922 $1,835,024 $1,087,629 $747,395
2023 $21,523 $1,799,044 $1,066,303 $732,741
2022 $21,150 $1,763,770 $1,045,396 $718,374
2021 $20,577 $1,729,188 $1,024,899 $704,289
2019 $20,096 $1,677,900 $994,500 $683,400
2018 $17,725 $1,484,100 $1,071,000 $413,100
2016 $6,324 $458,253 $92,205 $366,048
2015 $6,221 $451,370 $90,820 $360,550
2014 -- $442,529 $89,041 $353,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17242582

California Regional Multiple Listing Service (CRMLS)

APN: 4150-007-046