$1,620,000
SOLD FEB 4, 2025 RENTED JUL 20, 2025
13 Beds
7 Baths
788 Sq Ft
5,321 Sq Ft Lot

Recently Sold

$2,056 Per Sq Ft

4% Below List Price

94 Days on Market

Highlights

  • New Construction
  • Attached Carport
  • Central Heating and Cooling System
  • Solar Power System

About This Home

As of February 2025

Welcome to an unbelievable investment opportunity located conveniently near Broadway and the 110 Freeway. This brand new construction 3 unit property will be delivered completely vacant, allowing you to capitalize on top market rents. Consisting of two 5 bed 3 bath units and a standalone 3 bedroom unit, this property provides open floor plans, large bedrooms, and modern finishes. This property also comes with six parking spots on site which makes the property very simple to rent out. Do not miss this opportunity to lock up a 7.35% projected cap rate with low maintenance and simple management!!!

Last Agent to Sell the Property

Isaac Davidi

On Track Property License #01819489 Listed on: 09/13/2024

Last Buyer's Agent

Jongmin Park

Dream Realty & Investments Inc License #02126533

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $517

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 5,321 Sq Ft Lot
  • Lot Dimensions are 40x133

Home Design

  • Split Level Home

Interior Spaces

  • 2-Story Property
  • Stacked Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • Attached Carport

Eco-Friendly Details

  • Solar Power System

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6040-006-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$517

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Lot Acreage: 0.1222
  • Lot Dimensions: 40x133
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2024
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 7.00
  • Equipment: Vented Exhaust Fan, Stackable W/D Hookup, Solar Panels

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 56.03
  • Assessed Improvement Value: 17680
  • Assessed Land Percent: 43.97
  • Assessed Land Value: 13873
  • Total Assessed Value: 31553
  • Assessor Parcel Number: 6040-006-023
  • Lot Size Area: 5321

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 3
  • Total Annual Expense: 41553
  • Type Of Units: Apartments
  • Vacancy Rate: Vacant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Dec 27, 2024
Sold by
Ontrack Development Llc
Bought by
Jbul Investments Llc
Seller's Agent
Isaac Davidi
On Track Property
Buyer's Agent
Jongmin Park
Dream Realty & Investments Inc
List Price
$1,695,000
Sold Price
$1,620,000
Premium/Discount to List
-$75,000
-4.42%
Views
40
Current Estimated Value
$1,513,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$106,412
Avg. Annual Appreciation
-13.73%
Original Mortgage
$1,215,000
Outstanding Balance
$1,209,679
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$303,909

Purchase Details

Listed on
Nov 21, 2023
Closed on
Dec 4, 2023
Sold by
Jordan Jeannette Elaine
Bought by
Ontrack Development Llc
Seller's Agent
Marie Ojeda
T.N.G. Real Estate Consultants
Buyer's Agent
Karla Medrano
T.N.G Real Estate Consultants
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
189.22%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,620,000 Provident Title Company
Grant Deed $520,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,215,000 New Conventional
Previous Owner $544,185 FHA
Previous Owner $10,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Rented $4,490 0.0% --
06/23/2025 06/23/25 For Rent $4,490 0.0% --
02/04/2025 02/04/25 Sold $1,620,000 -4.4% $2,056 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $1,695,000 +226.0% $2,151 / Sq Ft
01/10/2024 01/10/24 Sold $520,000 -1.0% $660 / Sq Ft
12/26/2023 12/26/23 For Sale $525,000 +1.0% $666 / Sq Ft
11/30/2023 11/30/23 Off Market $520,000 -- --
11/30/2023 11/30/23 For Sale $525,000 +1.0% $666 / Sq Ft
11/22/2023 11/22/23 Off Market $520,000 -- --
11/21/2023 11/21/23 For Sale $525,000 -- $666 / Sq Ft
Source: The MLS

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
2024 $517 $32,183 $14,150 $18,033
2023 $509 $31,553 $13,873 $17,680
2022 $488 $30,935 $13,601 $17,334
2021 $478 $30,330 $13,335 $16,995
2019 $464 $29,433 $12,941 $16,492
2018 $427 $28,857 $12,688 $16,169
2016 $397 $27,739 $12,197 $15,542
2015 $392 $27,323 $12,014 $15,309
2014 $402 $26,789 $11,779 $15,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-439629

The MLS

APN: 6040-006-023