NOT LISTED FOR SALE

Estimated Value: $485,000 - $825,196

3 Beds
2 Baths
1,052 Sq Ft
$556/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $450,000 $428 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,494/month

18 Days on Market

About This Home

As of September 2022

Duplex with great upside potential and excellent income potential at an amazing price. Separate Gas and Electric meters for both units. Investor special! Live in one unit, and rent the others, with excellent income potential at an amazing price. Long gated driveway with room for extra parking, Two structures on the lot, with the front home being a 2 bedroom and 1 bathroom with indoor laundry. A 1 bedroom 1 bath is a detached unit in the back with a 1 car garage.

Last Agent to Sell the Property

Daryl Owen

eXp Realty of Greater Los Angeles License #01727084 Listed on: 08/12/2022

eXp Realty of Greater Los Angeles

Co-Listed By

Bob Badiian

Keller Williams Coastal Prop License #01993555

Last Buyer's Agent

Bill Stimming

Rodeo Realty- Brentwood License #00550089

Rodeo Realty- Brentwood

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,132 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1,052 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 83
  • Tax Tract Number 1889
  • Assessor Parcel Number 6022011023
  • $250 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • Operating Expense $4,200
  • Gross Income $2,000
  • Net Operating Income $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,132 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 6022011023
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 427.76

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5132.00
  • Lot Size Acres: 0.1178

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 2000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5132.0000 Square Feet
  • Net Operating Income: 1500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 350.00
  • Rent Control: No
  • Total Expenses: 4200.00

Tax Info

  • Tax Census Tract: 2396.01
  • Tax Lot: 83
  • Tax Tract Number: 1889
  • TaxOtherAnnualAssessmentAmount: 250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Sep 9, 2022
Sold by
Vasquez and Emilia
Bought by
Welch Theadora Cecelia
Seller's Agent
Daryl Owen
eXp Realty of Greater Los Angeles
Buyer's Agent
Bill Stimming
Rodeo Realty- Brentwood
List Price
$449,880
Sold Price
$450,000
Premium/Discount to List
$120
0.03%
Views
21
Current Estimated Value
$584,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,799
Avg. Annual Appreciation
8.06%
Original Mortgage
$412,087
Outstanding Balance
$393,319
Interest Rate
5.13%
Mortgage Type
FHA
Estimated Equity
$191,480
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Welch Theadora Cecelia $450,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch Theadora Cecelia $412,087
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $450,000 0.0% $428 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $449,880 -- $428 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,770 $468,180 $395,352 $72,828
2024 $5,770 $459,000 $387,600 $71,400
2023 $5,661 $450,000 $380,000 $70,000
2022 $2,339 $178,535 $126,542 $51,993
2021 $2,307 $175,035 $124,061 $50,974
2020 $2,327 $173,241 $122,789 $50,452
2019 $2,242 $169,845 $120,382 $49,463
2018 $2,180 $166,516 $118,022 $48,494
2016 $2,076 $160,052 $113,440 $46,612
2015 $2,048 $157,649 $111,737 $45,912
2014 $2,068 $154,562 $109,549 $45,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22175666

California Regional Multiple Listing Service (CRMLS)

APN: 6022-011-023

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