NOT LISTED FOR SALE

Estimated Value: $969,000 - $1,027,000

4 Beds
3 Baths
1,748 Sq Ft
$572/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $900,000 $515 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,566/month

5 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • La Fetra Elementary School Rated A
  • Laundry Room
  • Front Yard

About This Home

As of June 2024

A great investment opportunity! A triplex with one long term and 2 shorter term tenants. Corner lot with lots of yard space. The front house address is 228 Ada Ave., the two one bedroom units have a 305 and 307 Wabash Ave. address. The Ada house has a spacious gated front yard, there is both front and back yards on the duplex. There is plenty of parking. Drive by only, please do not walk around the properties. The property is surrounded by small income units and single family homes. Each unit has its own laundry!

Last Agent to Sell the Property

Josie Jellick

Century 21 Masters Brokerage Phone: 714-269-0547 License #00961685 Listed on: 04/24/2024

Century 21 Masters

Last Buyer's Agent

Maria Sarmiento

Keller Williams Sierra Madre License #01837686

Keller Williams Sierra Madre

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,560 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard

Home Design

  • Triplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,748 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 4133
  • $898 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $918
  • Trash Expense $5,584
  • Water Sewer Expense $1,968
  • Operating Expense $7,552
  • Gross Income $52,800
  • Net Operating Income $49,632

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1968.00
  • Architectural Style: Ranch
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 514.87
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 5584.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 5560.00
  • Lot Size Acres: 0.1276
  • Latitude Manual: 34.13215900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 918.00
  • Lot Size Area: 5560.0000 Square Feet
  • Net Operating Income: 49632.00
  • 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: 3168.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 7552.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 4133
  • TaxOtherAnnualAssessmentAmount: 898.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jun 17, 2024
Sold by
Robert D Turner Trust and Turner John M
Bought by
Morales Family Trust and Morales
Seller's Agent
Josie Jellick
Century 21 Masters
Buyer's Agent
Maria Sarmiento
Keller Williams Sierra Madre
List Price
$850,000
Sold Price
$900,000
Premium/Discount to List
$50,000
5.88%
Views
31
Current Estimated Value
$1,000,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,667
Avg. Annual Appreciation
7.32%
Original Mortgage
$929,700
Outstanding Balance
$917,994
Interest Rate
7.09%
Mortgage Type
VA
Estimated Equity
$82,673

Purchase Details

Closed on
Oct 14, 2003
Sold by
Turner Robert Donald
Bought by
Turner Robert D and Robert D Turner Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morales Family Trust $900,000 First American Title Company
Turner Robert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Family Trust $929,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Sold $900,000 +5.9% $515 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $850,000 -- $486 / 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 $3,875 $918,000 $744,600 $173,400
2024 $3,875 $264,560 $78,793 $185,767
2023 $3,793 $259,374 $77,249 $182,125
2022 $3,718 $254,289 $75,735 $178,554
2021 $3,644 $249,303 $74,250 $175,053
2020 $3,540 $246,748 $73,489 $173,259
2019 $3,464 $241,911 $72,049 $169,862
2018 $3,354 $237,169 $70,637 $166,532
2016 $3,213 $227,961 $67,895 $160,066
2015 $3,154 $224,538 $66,876 $157,662
2014 $3,163 $220,140 $65,566 $154,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24082271

California Regional Multiple Listing Service (CRMLS)

APN: 8639-014-026