NOT LISTED FOR SALE

Estimated Value: $986,853 - $1,157,000

4 Beds
2 Baths
1,536 Sq Ft
$708/Sq Ft Est. Value

Last Sold February 08, 2019

Last sale price $736,000 $479 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,469/month

23 Days on Market

Highlights

  • Fireplace in Bathroom
  • Property is near park and public transit
  • No HOA
  • Bixby Elementary School Rated 9+
  • Wood Flooring
  • Tile Countertops

About This Home

As of February 2019

Great Income Property in a Great Area! This beautiful duplex has dual pane windows, new roof, new wood flooring, washer dryer hook ups in each unit, newer fixtures, spacious 2 car garage, private back yard. Back unit is on a month to month and front unit has lease through Dec 1 2019.

Last Agent to Sell the Property

Sheilah Faust

HomeSmart Realty Group License #01428449 Listed on: 12/10/2018

HomeSmart Realty Group

Last Buyer's Agent

Eileen Rivera

GE Dean and Associates License #01208517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 6,165 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Tile Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting

Location

  • Property is near park and public transit

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 14
  • Tax Tract Number 13163
  • Assessor Parcel Number 7218024002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,080
  • Insurance Expense $1,100
  • New Taxes Expense $9,025
  • Operating Expense $9,025
  • Gross Income $39,000
  • Net Operating Income $36,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1945 | Remodeled

Lot Details

6,165 Sq Ft Lot

Parking

2

Listing Details

  • Inclusions: stoves and a/c window units
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Zoning: LBR2N
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7218024002
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Outside, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 479.17
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Natural Gas
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 6165.00
  • Lot Size Acres: 0.1415

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 39000.00
  • Gross Scheduled Income: 36820.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6165.0000 Square Feet
  • Net Operating Income: 36820.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 2180.00
  • Rent Control: No
  • Total Expenses: 9025.00

Tax Info

  • New Taxes Expense: 9025.00
  • Tax Area: 5500
  • Tax Census Tract: 5750.01
  • Tax Lot: 14
  • Tax Tract Number: 13163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2018
Closed on
Feb 26, 2019
Sold by
Perez David and Silverman Perez Melinda A
Bought by
Perez David and Silverman Perez Melinda A
Seller's Agent
Sheilah Faust
HomeSmart Realty Group
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$845,000
Sold Price
$736,000
Premium/Discount to List
-$109,000
-12.9%
Current Estimated Value
$1,087,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,463
Avg. Annual Appreciation
5.66%
Original Mortgage
$588,800
Outstanding Balance
$516,619
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$570,844

Purchase Details

Listed on
Dec 10, 2018
Closed on
Jan 7, 2019
Sold by
Bond Scott B and Bond Debra Lee Klar
Bought by
Perez David and Silverman Perez Melinda A
Seller's Agent
Sheilah Faust
HomeSmart Realty Group
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$845,000
Sold Price
$736,000
Premium/Discount to List
-$109,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,800
Outstanding Balance
$516,619
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$570,844

Purchase Details

Closed on
Nov 15, 2011
Sold by
Electric Capital Llc
Bought by
Bond Scot B and Bond Debra Lee Klar

Purchase Details

Closed on
Jun 21, 2011
Sold by
Ismail Mohamed M Arshad
Bought by
Electric Capital Llc

Purchase Details

Closed on
Feb 23, 2005
Sold by
Bakir Fathima Shazween
Bought by
Ismail Mohamed M Arshad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2005
Sold by
Gamble Todd
Bought by
Ismail Mohamed M Arshad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2003
Sold by
Eleopoulos Gus
Bought by
Gamble Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%

Purchase Details

Closed on
May 27, 1999
Sold by
Henderson Lawrence G
Bought by
Eleopoulos Gus and Eleopoulos Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
7.2%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Henderson Lawrence G
Bought by
Henderson Lawrence G and Henderson Rosemarie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perez David -- Chicago Title
Perez David $736,000 Old Republic Title Company
Bond Scot B $417,000 Ticor Title Tustin Orange Co
Electric Capital Llc $324,000 None Available
Ismail Mohamed M Arshad -- First American Title Company
Ismail Mohamed M Arshad $555,000 Fatcola
Gamble Todd $375,000 Natc
Eleopoulos Gus $199,000 Investors Title Company
Henderson Lawrence G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez David $588,800
Previous Owner Ismail Mohamed M Arshad $444,000
Previous Owner Gamble Todd $300,000
Previous Owner Eleopoulos Gus $179,100
Closed Gamble Todd $56,250
Closed Ismail Mohamed M Arshad $55,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2019 02/08/19 Sold $736,000 -0.5% $479 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
12/30/2018 12/30/18 Price Changed $740,000 -12.4% $482 / Sq Ft
12/10/2018 12/10/18 For Sale $845,000 -- $550 / 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 $10,463 $821,018 $574,490 $246,528
2024 $10,463 $804,921 $563,226 $241,695
2023 $10,288 $789,139 $552,183 $236,956
2022 $9,656 $773,666 $541,356 $232,310
2021 $9,468 $758,497 $530,742 $227,755
2019 $6,110 $469,528 $326,531 $142,997
2018 $5,896 $460,323 $320,129 $140,194
2016 $5,425 $442,450 $307,699 $134,751
2015 $5,208 $435,805 $303,078 $132,727
2014 $5,177 $427,270 $297,142 $130,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18289142

California Regional Multiple Listing Service (CRMLS)

APN: 7218-024-002

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