NOT LISTED FOR SALE

Estimated Value: $557,165 - $656,000

4 Beds
2 Baths
2,270 Sq Ft
$267/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $325,000 $143 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,631/month

16 Days on Market

Highlights

  • 29,520 Sq Ft lot
  • Corner Lot
  • Laundry Room
  • Traditional Architecture
  • No HOA
  • 2 Attached Carport Spaces

About This Home

As of November 2017

Three units located on the corner of Gardena and Caroline near Waterman and Redlands Blvd. The front house faces Caroline, has a private fenced yard, and is in need of some TLC due to long term tenants. The other two units are set up in a "duplex" style side by side with their own yards and are in fair condition.

Last Agent to Sell the Property

Kevin Hull

CENTURY 21 LOIS LAUER REALTY License #01910140 Listed on: 10/05/2017

CENTURY 21 LOIS LAUER REALTY

Co-Listed By

Diane Hull

CENTURY 21 LOIS LAUER REALTY License #00897377

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,256

Year Built

  • Built in 1925

Lot Details

  • 0.68 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Corner Lot
  • Density is 2-5 Units/Acre

Home Design

  • 2,270 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 51
  • Tax Tract Number 2170
  • Assessor Parcel Number 0283012180000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,252
  • Maintenance Expense $570
  • Supplies Expense $308
  • Trash Expense $1,200
  • Water Sewer Expense $2,025
  • Operating Expense $5,455
  • Gross Income $27,540
  • Net Operating Income $22,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,256

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Supplies Expense: 308.00
  • Water Sewer Expenses: 2025.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0283012180000
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 143.17

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking Features: Carport, Attached Carport, Gravel, Street
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 29520.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 27540.00
  • Gross Scheduled Income: 27540.00
  • Insurance Expense: 1252.00
  • Maintenance Expense: 570.00
  • Net Operating Income: 22085.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5455.00
  • Rent Control: No
  • Total Actual Rent: 27540.00
  • Total Expenses: 5455.00

Tax Info

  • Tax Census Tract: 73.06
  • Tax Lot: 51
  • Tax Tract Number: 2170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Cobra 28 No 8 Lp
Bought by
Illidan 28 Lp
Current Estimated Value
$583,132

Purchase Details

Closed on
Apr 27, 2018
Sold by
Cobra 28 No 8 Lp
Bought by
Cobra 28 No 8 Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 5, 2017
Closed on
Oct 11, 2017
Sold by
Birmingham James R and Birmingham Shelly C
Bought by
Cobra 28 No 8 Lp
Seller's Agent
Kevin Hull
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$340,000
Sold Price
$325,000
Premium/Discount to List
-$15,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%

Purchase Details

Closed on
Feb 13, 2008
Sold by
Birmingham James R and Birmingham Shelly
Bought by
Birmingham James R

Purchase Details

Closed on
Jun 30, 2005
Sold by
Birmingham James R and Birmingham Shelly
Bought by
Birmingham James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2002
Sold by
Covalt Harley Raymond and Covalt Mildred Elaine
Bought by
Pme Mtg Fund Inc

Purchase Details

Closed on
Jul 27, 2002
Sold by
Pme Mtg Fund Inc
Bought by
Birmingham James R

Purchase Details

Closed on
Jan 10, 1997
Sold by
Bergen Merlin F and Bergen Hedwig V
Bought by
Pme Mtg Fund Inc
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
Illidan 28 Lp -- Orange Coast Title Co
Cobra 28 No 8 Lp -- Wfg National Title
Cobra 28 No 8 Lp $325,000 Ticor Title
Birmingham James R -- None Available
Birmingham James R -- Chicago Title Company
Pme Mtg Fund Inc -- First American Title
Birmingham James R $150,000 First American Title
Pme Mtg Fund Inc $86,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Illidan 28 Lp $34,117,000
Closed Cobra 28 No 8 Lp $7,500,000
Closed Cobra 28 No 8 Lp $7,500,000
Previous Owner Birmingham James R $195,000
Previous Owner Birmingham James R $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Sold $325,000 -4.4% $143 / Sq Ft
10/21/2017 10/21/17 Pending -- -- --
10/05/2017 10/05/17 For Sale $340,000 -- $150 / 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 $5,256 $578,894 $170,674 $408,220
2024 $5,256 $420,544 $167,328 $253,216
2023 $4,563 $355,436 $164,048 $191,388
2022 $4,496 $348,466 $160,831 $187,635
2021 $4,580 $341,633 $157,677 $183,956
2020 $4,595 $338,130 $156,060 $182,070
2019 $4,474 $331,500 $153,000 $178,500
2018 $4,404 $325,000 $150,000 $175,000
2017 $2,562 $187,190 $43,677 $143,513
2016 $2,619 $183,520 $42,821 $140,699
2015 $2,391 $180,764 $42,178 $138,586
2014 $2,308 $177,223 $41,352 $135,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV17230532

California Regional Multiple Listing Service (CRMLS)

APN: 0283-012-18