NOT LISTED FOR SALE

Estimated Value: $1,272,000 - $1,403,624

5 Beds
3 Baths
2,209 Sq Ft
$604/Sq Ft Est. Value

Last Sold December 06, 2024

Last sale price $1,355,000 $613 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,530/month

23 Days on Market

Highlights

  • Wood Flooring
  • Quartz Countertops
  • No HOA
  • Bixby Elementary School Rated 9+
  • Lawn
  • Cottage

About This Home

As of December 2024

THREE RENTAL UNITS - DUPLEX AND A BRAND NEW ADU FOR SALE
Welcome to this fantastic property located in the heart of the desirable Artcraft Manor neighborhood. With three separate addresses—2261, 2263, and 2261A—this property is perfect for both investors and owner-occupants. It includes a remodeled 2-bedroom, 1-bath unit, a neat and clean 2-bedroom, 1-bath unit, and a brand new 1-bedroom, 1-bath ADU. This property presents an excellent rental income opportunity. The entire property has a new roof, rain gutters, and fresh exterior paint. Its prime location is just blocks from Stearns Championship Park and offers easy access to shopping and nearby freeways. Unit 2261A is a brand new, never-occupied 415 sq/ft 1-bedroom, 1-bath ADU that is fully electric. This unit features quality kitchen cabinets, quartz countertops, a farm sink, new washer and dryer, stove, refrigerator (potentially not included), recessed lighting throughout, mirrored wardrobes, vinyl plank flooring, and a newly installed electrical panel. It is also equipped with dual AC and heating units and has a low-maintenance yard. Unit 2261 is a spacious 2-bedroom, 1-bath dwelling that underwent extensive upgrades in 2024. The improvements include a new roof, rain gutters, and water heater. In addition, this unit underwent a full kitchen remodel with high-quality cabinets, quartz countertops, new built-in gas stove, oven, and microwave. The bathroom was also fully remodeled with a new tub/shower, electrical & plumbing updates, a new vanity, countertop, and toilet. The entire unit also features new flooring and light fixtures. The remodel included partial updates to the plumbing and electrical system, and security doors were installed. Additionally, Unit 2261 boasts a private side yard, ideal for private outdoor space. Unit 2263 is a spacious 2-bedroom, 1-bath dwelling that is in excellent condition, offering a clean and comfortable living space. This unit includes an attached 2-car garage with built-in shelving and an automatic garage door, currently designated for exclusive use. The kitchen and bathroom feature durable tile floors and countertops, while the living and dining rooms have been freshly painted. Inside, you'll find gas laundry hookups, a utility sink, and new security doors for added safety. This property is a rare find in the highly sought-after Artcraft Manor area.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01107487 Listed on: 10/18/2024

Re/Max R. E. Specialists

Co-Listed By

John Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01010112

Last Buyer's Agent

Jamee Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01107487 Listed on: 10/18/2024

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,161 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Cottage
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,209 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Living Room

Kitchen

  • Gas Range
  • Quartz Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Two cooling system units
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 14229
  • Assessor Parcel Number 7223005017
  • $491 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Artcraft Manor Subdivision

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $1,100
  • Water Sewer Expense $1,080
  • New Taxes Expense $17,187
  • Operating Expense $20,596
  • Gross Income $88,140
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.70
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Water Sewer Expenses: 1080.00
  • Zoning: LBR2N
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7223005017
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters, Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 613.40
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 6161.00
  • Lot Size Acres: 0.1414

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 415 Square Feet
  • Average2 Bed Area: 860 Square Feet
  • Gross Income: 88140.00
  • Gross Operating Income: 85496.00
  • Gross Scheduled Income: 88140.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6161.0000 Square Feet
  • Net Operating Income: 65000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 20596.00
  • Rent Control: No
  • Total Actual Rent: 2195.00
  • Total Expenses: 20596.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17187.00
  • Tax Census Tract: 5742.02
  • Tax Lot: 27
  • Tax Tract Number: 14229
  • TaxOtherAnnualAssessmentAmount: 491.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Nov 13, 2024
Sold by
Baldwin Family Living Trust and Baldwin Kyle F
Bought by
Bussa Anthony and Bussa Dena
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Jamee Lindberg
Re/Max R. E. Specialists
List Price
$1,375,000
Sold Price
$1,355,000
Premium/Discount to List
-$20,000
-1.45%
Views
40
Current Estimated Value
$1,370,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,376
Avg. Annual Appreciation
-1.30%
Original Mortgage
$916,000
Outstanding Balance
$907,579
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$427,327

Purchase Details

Closed on
Aug 18, 2017
Sold by
Szechy Ava L
Bought by
Baldwin Kyle F and Baldwin Ava L

Purchase Details

Closed on
May 31, 1994
Sold by
Wilder Randall S and Wilder Patricia B
Bought by
Szechy Ava L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,992
Interest Rate
5.8%
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
Bussa Anthony $1,355,000 Fidelity National Title
Bussa Anthony $1,355,000 Fidelity National Title
Baldwin Kyle F -- None Available
Szechy Ava L $208,000 World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bussa Anthony $916,000
Closed Bussa Anthony $916,000
Previous Owner Szechy Ava L $186,992
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold $1,355,000 -1.5% $613 / Sq Ft
11/10/2024 11/10/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $1,375,000 -- $622 / 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 $4,870 $1,355,000 $800,000 $555,000
2024 $4,870 $342,492 $148,190 $194,302
2023 $4,669 $335,778 $145,285 $190,493
2022 $4,388 $329,195 $142,437 $186,758
2021 $4,293 $322,742 $139,645 $183,097
2019 $4,231 $313,171 $135,504 $177,667
2018 $4,073 $307,032 $132,848 $174,184
2016 $3,741 $295,112 $127,691 $167,421
2015 $3,595 $290,680 $125,773 $164,907
2014 $3,578 $284,987 $123,310 $161,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24213645

California Regional Multiple Listing Service (CRMLS)

APN: 7223-005-017