NOT LISTED FOR SALE

Estimated Value: $1,143,000 - $1,262,000

5 Beds
4 Baths
2,637 Sq Ft
$454/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $653,000 $248 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $7,423/month

7 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Lawn
  • Wooded Lot
  • Spanish Architecture
  • No HOA

About This Home

As of March 2016

This incredible 4 plex includes a front 2 bedroom 1 bathroom single family house detached with a good sized front and backyard, and three 1 bedroom 1 bath units connected to four garages in the back. -- Front house details: In 2005, the seller rewired the house to code working with the previous owner. At that time, the plumbing was replaced with copper and some of the drains were replaced with ABS, as well as new windows. The front house has landlord owned refrigerator, stove, over stove microwave hood, washer/dryer, garbage disposal. House has travertine tile floor except the 2 bedrooms are a manufactured wood (not original). 2 bedrooms and living room have ceiling fans. About 800 square feet. -- Back 1 bedroom units: New plumbing and electric. Wood floors are original but refinished as well as manufactured wood floors in one of the kitchens and dining areas. The windows were replaced on all the units except one unit. The three 1 bedroom units are about 650 sqft each. All units have a seller owned refrigerator and stove. Rear units share laundry in garage. The yard in between the front house is a combination of grass and concrete. There is potential on this lot to add on to the front house or build more units. This looks like a great investment!

Last Agent to Sell the Property

Tom Schick

Realty Source, Inc License #01457767 Listed on: 12/22/2015

Last Buyer's Agent

Cindy Ludwig

First Team Real Estate License #01020764

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,721

Year Built

  • Built in 1941

Lot Details

  • 4,721 Sq Ft Lot
  • Lot Dimensions are 40' x 118'
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Wooded Lot
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,637 Sq Ft Home
  • Spanish Architecture
  • Shingle Roof
  • Spanish Tile Roof
  • Partial Copper Plumbing

Kitchen

  • Gas Cooktop
  • Microwave
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near public transit
  • Suburban Location

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Tax Tract Number 5162
  • Assessor Parcel Number 7205028014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $900
  • Gross Income $4,165
  • Net Operating Income $47,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,721

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 900.00
  • Zoning: LBR2N
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7205028014
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Price Per Square Foot: 247.63

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle, Spanish Tile

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, In Garage, Inside
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Landscaped, Near Public Transit, Treed Lot
  • Lot Size: 40' x 118'
  • Lot Size Sq Ft: 4721.00
  • Price Per Lot Square Foot: 138.32
  • Lot Size Acres: 0.1080

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4165.00
  • Gross Scheduled Income: 49980.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4721.0000 Square Feet
  • Net Operating Income: 47440.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Refrigerator: 3
  • Operating Expense: 2540.00
  • Rent Control: No

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 5162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2021
Sold by
Remarkable Properties Llc
Bought by
Gundzik Aaron C and Gundzik Rebecca G
Current Estimated Value
$1,197,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,500
Outstanding Balance
$322,143
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$875,242

Purchase Details

Closed on
May 25, 2021
Sold by
Gundzik Aaron C and Gundzik Rebecca G
Bought by
Remarkable Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,500
Outstanding Balance
$322,143
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$875,242

Purchase Details

Listed on
Dec 22, 2015
Closed on
Jan 28, 2016
Sold by
Huntly Chris
Bought by
Remarkable Properties Llc
Seller's Agent
Tom Schick
Realty Source, Inc
Buyer's Agent
Cindy Ludwig
First Team Real Estate
List Price
$679,000
Sold Price
$653,000
Premium/Discount to List
-$26,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$383,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2011
Sold by
Carranza Ulises and Carranza Frank
Bought by
Huntly Chris

Purchase Details

Closed on
Oct 14, 2005
Sold by
Carranza Jacqueline P
Bought by
Carranza Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2005
Sold by
Mccullers Darryl M
Bought by
Carranza Ulises and Carranza Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2002
Sold by
Muilenburg Ray R
Bought by
Mccullers Darryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,959
Interest Rate
5.89%
Mortgage Type
FHA
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
Gundzik Aaron C -- Chicago Title Company Sd
Remarkable Properties Llc -- Accommodation
Remarkable Properties Llc $653,000 Lawyers Title Company
Huntly Chris -- None Available
Carranza Frank -- Lawyers Title
Carranza Ulises $700,000 Lawyers Title
Mccullers Darryl M $389,000 Commonwealth Land Title
Muilenburg Ray R -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gundzik Aaron C $354,500
Previous Owner Remarkable Properties Llc $383,000
Previous Owner Carranza Ulises $560,000
Previous Owner Mccullers Darryl M $382,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold $653,000 -3.8% $248 / Sq Ft
12/29/2015 12/29/15 Pending -- -- --
12/22/2015 12/22/15 For Sale $679,000 -- $257 / 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 $9,721 $773,014 $295,947 $477,067
2024 $9,721 $757,858 $290,145 $467,713
2023 $9,567 $742,999 $284,456 $458,543
2022 $8,981 $728,431 $278,879 $449,552
2021 $8,805 $714,149 $273,411 $440,738
2020 $8,781 $707,227 $270,608 $436,619
2019 $8,681 $693,368 $265,302 $428,066
2018 $8,426 $679,781 $260,100 $419,681
2016 $4,859 $411,257 $216,451 $194,806
2015 $4,663 $405,080 $213,200 $191,880
2014 $4,652 $397,146 $209,024 $188,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15265549

California Regional Multiple Listing Service (CRMLS)

APN: 7205-028-014