NOT LISTED FOR SALE

Estimated Value: $1,023,000 - $1,130,474

4 Beds
2 Baths
1,768 Sq Ft
$612/Sq Ft Est. Value

Last Sold January 10, 2020

Last sale price $788,400 $446 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,435/month

53 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Park
  • J. Marion Roynon Elementary School Rated A-
  • No HOA
  • 3-minute walk to Las Flores Park

About This Home

As of January 2020

Charming investment located in the heart of the La Verne Village. Walking distance to Las Flores Park, restaurants and shops in downtown, as well as the University of La Verne. Beautiful wide tree lined streets create a peaceful neighborhood environment that you can enjoy from your porch or on a nice walk. Both units offer two bedrooms and one bath. The free standing home in front gives the owner an excellent opportunity to either live in or rent the home out. Central air conditioning and heating in each of the units, as well as private laundry for each. Two private oversized garage stalls are included with the front home as well as a large private yard & patio. Located on the second floor, the rear unit comes with one private garage as well as a private patio/yard. Great corner property with a beautifully landscaped yard.

Last Agent to Sell the Property

James Martindale

JAMES MARTINDALE, BROKER License #00641824 Listed on: 10/28/2019

Co-Listed By

Jeffrey Martindale

JAMES MARTINDALE, BROKER License #01920073

Last Buyer's Agent

Robert Cofer

CENTURY 21 MASTERS License #01947262

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,449 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Sprinkler System
  • Back and Front Yard

Parking

  • 3 Car Garage

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 10 / 6
  • Tax Tract Number 6
  • Assessor Parcel Number 8375019018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $18,333
  • Gross Income $54,000
  • Net Operating Income $34,047

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: LVPR10A*
  • Property Type: Residential Income
  • Parcel Number: 8375019018
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 445.93

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 6449.00
  • Lot Size Acres: 0.1480

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 6449.0000 Square Feet
  • Net Operating Income: 34047.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 18333.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Expenses: 18333.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 4016.02
  • Tax Lot: 10
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Jan 3, 2020
Sold by
Stout Gail A and Stout 2018 Trust
Bought by
Dudley Kandi and The Kandi Dudley Trust
Seller's Agent
James Martindale
JAMES MARTINDALE, BROKER
Buyer's Agent
Robert Cofer
CENTURY 21 MASTERS
List Price
$790,000
Sold Price
$788,400
Premium/Discount to List
-$1,600
-0.2%
Current Estimated Value
$1,082,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,219
Avg. Annual Appreciation
5.41%
Original Mortgage
$527,215
Outstanding Balance
$465,815
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$616,804

Purchase Details

Closed on
Sep 4, 2018
Sold by
Stout Gail A
Bought by
Stout Gail A and The Stout 2018 Trust

Purchase Details

Closed on
Jan 3, 2018
Sold by
Stout Gail A
Bought by
Stout Gail A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,800
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2017
Sold by
Stout Gail A
Bought by
Stout Gail A and Candela Carlos C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,800
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2017
Sold by
Candela Carlos C
Bought by
Stout Gail Ann

Purchase Details

Closed on
Sep 13, 2011
Sold by
Candela Carlos
Bought by
Candela Carlos C and Candela Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2009
Sold by
Candela Carlos C
Bought by
Candela Carlos C and Candela Gail

Purchase Details

Closed on
Jan 10, 2007
Sold by
Candela Gail A
Bought by
Candela Carlos C and Candela Gail A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2006
Sold by
Candela Carlos
Bought by
Stout Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2003
Sold by
Castaneda Hector
Bought by
Stout Gail A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2000
Sold by
Cavall Janelle M
Bought by
Castaneda Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
11.5%

Purchase Details

Closed on
Jan 18, 2000
Sold by
Smith Family Trust and Perry L
Bought by
Cavall Janelle Myra and Black Marcia Lynn

Purchase Details

Closed on
Aug 17, 1995
Sold by
Smith Milton S
Bought by
Smith Milton L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.63%

Purchase Details

Closed on
Apr 6, 1994
Sold by
Smith Milton L
Bought by
Smith Milton L and Smith Betty Lee R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
7.59%
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
Dudley Kandi $788,500 Wfg Title Insurance Company
Stout Gail A -- None Available
Stout Gail A -- None Available
Stout Gail A -- Premium Title Of California
Stout Gail Ann -- None Available
Candela Carlos C -- Accommodation
Candela Carlos -- North American Title Company
Candela Carlos C -- None Available
Candela Carlos C -- Accommodation
Stout Gail -- North American Title Co
Stout Gail A $365,000 Fatcola
Castaneda Hector $240,000 Fidelity National Title Co
Cavall Janelle M -- Fidelity National Title Co
Cavall Janelle Myra -- --
Smith Milton L -- Southland Title Corporation
Smith Milton L -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dudley Kandi $527,215
Previous Owner Stout Gail A $338,800
Previous Owner Candela Carlos $380,000
Previous Owner Stout Gail $400,000
Previous Owner Stout Gail A $275,000
Previous Owner Castaneda Hector $216,000
Previous Owner Smith Milton L $126,000
Previous Owner Smith Milton L $101,000
Closed Castaneda Hector $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2020 01/10/20 Sold $788,400 -0.2% $446 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $790,000 0.0% $447 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/24/2019 11/24/19 For Sale $790,000 0.0% $447 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $790,000 -- $447 / 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 $9,964 $862,334 $437,456 $424,878
2024 $9,964 $845,427 $428,879 $416,548
2023 $9,726 $828,851 $420,470 $408,381
2022 $9,509 $812,600 $412,226 $400,374
2021 $9,342 $796,668 $404,144 $392,524
2020 $5,712 $474,503 $292,503 $182,000
2019 $5,680 $465,200 $286,768 $178,432
2018 $4,761 $401,000 $247,000 $154,000
2016 $4,308 $360,000 $221,400 $138,600
2015 $4,674 $394,000 $242,300 $151,700
2014 $3,762 $309,000 $190,000 $119,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19254640

California Regional Multiple Listing Service (CRMLS)

APN: 8375-019-018