NOT LISTED FOR SALE

Estimated Value: $694,000 - $752,000

2 Beds
2 Baths
1,296 Sq Ft
$560/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $510,000 $394 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,542/month

12 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Brick Fence
  • Woodrow Wilson High School Rated A
  • Floor Furnace
  • Carpet

About This Home

As of July 2020

Rare on the market! This property is well taken cared of by long term tenants. Highly desirable rental area. Each unit has extra space and a laundry area, rare to find. NEW drains completed early May 2020. You will fall in love. Look no further take the advantage of low interest rate Act fast before it is gone. Let's open escrow!

Last Agent to Sell the Property

Botthyda Chan

Re/Max Top Producers License #02030263 Listed on: 05/20/2020

Re/Max Top Producers

Last Buyer's Agent

Botthyda Chan

Re/Max Top Producers License #02030263 Listed on: 05/20/2020

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,145

Year Built

  • Built in 1923

Lot Details

  • 3,304 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Private Yard
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,296 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 1
  • Assessor Parcel Number 7260023026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $364
  • Water Sewer Expense $1,602
  • New Taxes Expense $6,250
  • Operating Expense $6,737
  • Gross Income $22,320
  • Net Operating Income $15,583

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,145

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 562 412 7826
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 1602.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7260023026
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Levels: One
  • Price Per Square Foot: 393.52

Exterior Features

  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Other

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn, Yard
  • Lot Size Sq Ft: 3304.00
  • Lot Size Acres: 0.0758

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 22320.00
  • Gross Scheduled Income: 22320.00
  • Insurance Expense: 364.00
  • Lot Size Area: 3304.0000 Square Feet
  • Net Operating Income: 15583.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6737.00
  • Rent Control: Yes
  • Total Actual Rent: 1850.00
  • Total Expenses: 6737.00

Tax Info

  • New Taxes Expense: 6250.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 24
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 2, 2020
Sold by
Peyton Albert T
Bought by
Tan Soklim and Nouv Kimhiek
Seller's Agent
Botthyda Chan
Re/Max Top Producers
Buyer's Agent
Botthyda Chan
Re/Max Top Producers
List Price
$500,000
Sold Price
$510,000
Premium/Discount to List
$10,000
2%
Current Estimated Value
$725,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,797
Avg. Annual Appreciation
6.81%
Original Mortgage
$282,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 1999
Sold by
Garcia Emilio
Bought by
Garcia Carlotta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
6.84%

Purchase Details

Closed on
Apr 9, 1999
Sold by
Garcia Carlotta
Bought by
Peyton Albert T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
6.84%
Source: Public Records

Range of Values:

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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
Tan Soklim $510,000 Lawyers Title
Peyton Albert T $114,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tan Soklim $282,000
Previous Owner Peyton Albert T $174,800
Previous Owner Peyton Albert T $170,000
Previous Owner Peyton Albert T $127,000
Previous Owner Peyton Albert T $125,000
Previous Owner Peyton Albert T $91,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $510,000 +2.0% $394 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $500,000 -- $386 / 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 $7,145 $552,038 $335,553 $216,485
2024 $7,145 $541,215 $328,974 $212,241
2023 $7,025 $530,604 $322,524 $208,080
2022 $6,596 $520,200 $316,200 $204,000
2021 $6,464 $510,000 $310,000 $200,000
2020 $2,969 $215,003 $85,999 $129,004
2019 $2,935 $210,788 $84,313 $126,475
2018 $2,807 $206,656 $82,660 $123,996
2016 $2,582 $198,633 $79,451 $119,182
2015 $2,483 $195,650 $78,258 $117,392
2014 $2,475 $191,819 $76,726 $115,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20094314

California Regional Multiple Listing Service (CRMLS)

APN: 7260-023-026