NOT LISTED FOR SALE

Estimated Value: $1,016,000 - $1,231,000

5 Beds
5 Baths
3,065 Sq Ft
$364/Sq Ft Est. Value

Last Sold August 04, 2016

Last sale price $705,000 $230 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,736/month

24 Days on Market

Highlights

  • Private Yard
  • 5 Car Garage
  • Level Lot
  • No HOA

About This Home

As of August 2016

Nice mix of Residential Income Units. 4 units in total and the property enjoys a nice residential feeling to it. The free standing front home on Eucalyptus features 3 bedrooms and 2 bathrooms. The other units include a small bachelor unit as well as two other units that are both, 1 bedroom & 1 bathroom units. Street to alley lot.. There are five (5) one (1) car garages on the Alley to the rear of the property. There is great potential here and substantial upside in rents being increased.

Last Agent to Sell the Property

Steve Heavrin

Beach City Brokers License #00907535 Listed on: 05/22/2016

Beach City Brokers

Last Buyer's Agent

John Angel

Island Lenders Inc License #01857160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Two or More Common Walls
  • Fence is in average condition
  • Level Lot
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • 3,065 Sq Ft Home
  • Property Attached
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Asphalt Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 2
  • Tax Tract Number 3
  • Assessor Parcel Number 7205014004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Maintenance Expense $850
  • Trash Expense $600
  • Water Sewer Expense $960
  • New Taxes Expense $500
  • Gross Income $3,880
  • Net Operating Income $43,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 960.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7205014004
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 230.02

Exterior Features

  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Asphalt, Spanish Tile
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, 0-1 Unit/Acre, Lot 6500-9999, Level with Street, Yard
  • Lot Size: 50 x 130
  • Lot Size Sq Ft: 6500.00
  • Price Per Lot Square Foot: 108.46

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3880.00
  • Gross Scheduled Income: 46560.00
  • Insurance Expense: 1000.00
  • Maintenance Expense: 850.00
  • Net Operating Income: 43610.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2040.00
  • Operating Expense Percent: 7.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 500.00
  • Tax Block: 2
  • Tax Lot: 3
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Orr John W and Orr Kelly M
Bought by
Orr John W and Orr Kelly M
Current Estimated Value
$1,116,667

Purchase Details

Listed on
May 22, 2016
Closed on
Jun 13, 2016
Sold by
Farmers & Merchants Trust Company Of Lon
Bought by
Orr John W and Orr Kelly M
Seller's Agent
Steve Heavrin
Beach City Brokers
Buyer's Agent
John Angel
Island Lenders Inc
List Price
$749,000
Sold Price
$705,000
Premium/Discount to List
-$44,000
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$517,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2002
Sold by
Mcintosh James A and Mcintosh James A
Bought by
Mcintosh James A and James A Mcintosh 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
Orr John W -- None Available
Orr John W $705,000 Ticor Title Co
Mcintosh James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orr John W $517,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2016 08/04/16 Sold $705,000 -5.9% $230 / Sq Ft
05/22/2016 05/22/16 For Sale $749,000 -- $244 / 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 $10,837 $818,210 $290,145 $528,065
2024 $10,837 $802,167 $284,456 $517,711
2023 $10,652 $786,439 $278,879 $507,560
2022 $10,010 $771,019 $273,411 $497,608
2021 $9,800 $755,901 $268,050 $487,851
2020 $9,774 $748,611 $265,302 $483,309
2019 $9,661 $733,942 $260,100 $473,842
2018 $9,353 $719,560 $255,000 $464,560
2016 $3,007 $214,193 $116,024 $98,169
2015 $2,898 $210,977 $114,282 $96,695
2014 $2,900 $206,845 $112,044 $94,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16110485

California Regional Multiple Listing Service (CRMLS)

APN: 7205-014-004