$1,340,000
SOLD FEB 28, 2020
6 Beds
3 Baths
2,439 Sq Ft
5,443 Sq Ft Lot

Recently Sold

$549 Per Sq Ft

11% Below List Price

1 Day on Market

About This Home

As of February 2020

$100,000 PRICE REDUCTION 11/19/19. THIS WONT LAST LONG. lowest price point in the area sold in last 6 months. Redfin estimates priced $50,000 below market value based on recent sales. The property has been in the same hands for 40 years. The front 2b1b house with a garage has been slightly renovated and demands a top market rent given its size and house like feel to it. The back two units are identical 2b1b apartments. These units renovated in the area go for on average $2,750 a month. All units have private washer and dryers in their units. The projected annual gross income for this property is roughly $100,000 currently $66,6000. Don't miss out on this amazing opportunity. Call for more information.

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 10/07/2019

Last Buyer's Agent

Jonathan Weir

Marcus & Millichap License #02038545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,946

Year Built

  • Built in 1952

Lot Details

  • 5,443 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 2,439 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4155-025-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,946

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2439
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 574.01

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage Is Attached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 111224
  • Assessed Land Value: 113177
  • Assessor Parcel Number: 4155-025-032
  • Geocode Override: No
  • Lot Size Area: 5443

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 21.02
  • Number Of Units: 3
  • Total Annual Expense: 21200
  • Type Of Units: Multi-Family
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Jan 15, 2020
Sold by
Dell Jr Ernest H O and Dell Ann O
Bought by
Chang Elena Midori and Chang Winston Y
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Jonathan Weir
Marcus & Millichap
List Price
$1,500,000
Sold Price
$1,340,000
Premium/Discount to List
-$160,000
-10.67%
Current Estimated Value
$1,870,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,165
Avg. Annual Appreciation
6.34%
Original Mortgage
$1,062,640
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2003
Sold by
Odell Ernest H and Odell Ann
Bought by
Odell Ernest H and Odell Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1999
Sold by
Odell Ernest H and Odell Ann
Bought by
Odell Ernest and Odell Ann M

Purchase Details

Closed on
Mar 1, 1996
Sold by
Odell Ernest H
Bought by
Odell Ernest H and Odell Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.12%
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 Type Sale Price Title Company
Grant Deed $1,341,000 Fidelity National Title Co
Interfamily Deed Transfer -- American Coast Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $995,000 New Conventional
Previous Owner $1,062,640 New Conventional
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $225,000 Unknown
Previous Owner $227,000 Unknown
Previous Owner $207,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2020 10/08/20 Rented $2,500 0.0% --
09/25/2020 09/25/20 For Rent $2,500 0.0% --
02/28/2020 02/28/20 Sold $1,340,000 -4.3% $549 / Sq Ft
12/10/2019 12/10/19 Price Changed $1,399,999 0.0% $574 / Sq Ft
11/19/2019 11/19/19 Price Changed $1,400,000 -6.7% $574 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $1,500,000 -- $615 / Sq Ft
Source: The MLS

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 $17,946 $1,466,576 $1,093,645 $372,931
2024 $17,946 $1,437,820 $1,072,201 $365,619
2023 $17,624 $1,409,628 $1,051,178 $358,450
2022 $17,262 $1,381,989 $1,030,567 $351,422
2021 $16,780 $1,354,892 $1,010,360 $344,532
2020 $4,550 $238,132 $120,102 $118,030
2019 $4,414 $233,464 $117,748 $115,716
2018 $4,212 $228,888 $115,440 $113,448
2016 $4,020 $220,002 $110,958 $109,044
2015 $3,965 $216,699 $109,292 $107,407
2014 $3,910 $212,456 $107,152 $105,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-518156

The MLS

APN: 4155-025-032