NOT LISTED FOR SALE

Estimated Value: $858,000 - $1,060,000

5 Beds
3 Baths
2,174 Sq Ft
$444/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $545,000 $251 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,629/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Turnkey
  • Private Yard
  • Laundry Room
  • Wall Furnace

About This Home

As of December 2016

Excellent income producing duplex in a highly desirable area of LB. Both units are beautiful, spacious and they reflect pride of ownership. Live in one- rent the other and pay less than your current rent. Homes feature Italian stone, recessed lighting, air conditioning, hard wood flooring, granite countertops, separate washer and dryer room, detached garage and plenty of onsite parking. The patio is perfect for entertaining around the well manicured landscaping. Come see this available property today!

Last Agent to Sell the Property

Rene Cobian

Colonial Real Estate License #01717535 Listed on: 10/26/2016

Last Buyer's Agent

Cristina Corea

Stonewood Realty Group Inc. License #01871833

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,004 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,174 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7303
  • Tax Tract Number 13
  • Assessor Parcel Number 7303013010

Community Details

Overview

  • 2 Buildings

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Fuel Expense $75
  • Insurance Expense $90
  • Trash Expense $50
  • Water Sewer Expense $50
  • New Taxes Expense $234
  • Operating Expense $599
  • Gross Income $13,200
  • Net Operating Income $12,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 50.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7303013010
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 250.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 75.00
  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 90.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 12200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Operating Expense: 100.00
  • Rent Control: No
  • Total Actual Rent: 1100.00
  • Total Expenses: 599.00

Tax Info

  • New Taxes Expense: 234.00
  • Tax Census Tract: 5704.04
  • Tax Lot: 7303
  • Tax Tract Number: 013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2016
Closed on
Nov 10, 2016
Sold by
Valle Victor A and Valle Geronima
Bought by
Sanchez Aristeo
Seller's Agent
Rene Cobian
Colonial Real Estate
Buyer's Agent
Cristina Corea
Stonewood Realty Group Inc.
List Price
$499,000
Sold Price
$545,000
Premium/Discount to List
$46,000
9.22%
Current Estimated Value
$943,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,025
Avg. Annual Appreciation
6.54%
Original Mortgage
$535,128
Outstanding Balance
$435,603
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$528,805
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
Sanchez Aristeo $545,000 Corinthian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Aristeo $535,128
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2016 12/21/16 Sold $545,000 +0.9% $251 / Sq Ft
11/10/2016 11/10/16 Price Changed $540,000 -0.9% $248 / Sq Ft
11/02/2016 11/02/16 Off Market $545,000 -- --
10/28/2016 10/28/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $499,000 -- $230 / 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 $8,250 $632,512 $348,173 $284,339
2024 $8,250 $620,111 $341,347 $278,764
2023 $8,121 $607,953 $334,654 $273,299
2022 $7,638 $596,034 $328,093 $267,941
2021 $7,490 $584,348 $321,660 $262,688
2020 $7,470 $578,357 $318,362 $259,995
2019 $7,382 $567,018 $312,120 $254,898
2018 $7,112 $555,900 $306,000 $249,900
2016 $2,926 $229,174 $133,258 $95,916
2015 $2,811 $225,733 $131,257 $94,476
2014 $2,799 $221,312 $128,686 $92,626
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16734574

California Regional Multiple Listing Service (CRMLS)

APN: 7303-013-010