NOT LISTED FOR SALE

Estimated Value: $967,000 - $1,220,000

8 Beds
5 Baths
3,916 Sq Ft
$285/Sq Ft Est. Value

Last Sold June 09, 2015

Last sale price $555,000 $142 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,809/month

154 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • 4 Car Garage
  • Laundry Room
  • Central Heating
  • Wood Fence

About This Home

As of June 2015

GREAT INVESTMENT OPPORTUNITY. NEWLY UPDATED , FULLY OCCUPIED. GREAT ROI AT CURRENT UNDER MARKET RENT. Brand New Roof in 2007
New tile throughout all 4 units in 2010, New Kitchen Cabinets in 3 of the units in 2010, New Kitchen Counter Tops in 3 units in 2010, Exterior was recently painted, There is a Laundry room which was remodeled.

Last Agent to Sell the Property

Greg Foster

Skymark Real Estate Group License #01800079 Listed on: 11/04/2014

Last Buyer's Agent

Cathy Cheng

CC Royal Realty License #01270713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,825

Year Built

  • Built in 1964

Lot Details

  • 7,413 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Parking Lot

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,916 Sq Ft Home
  • Family Room with Fireplace
  • Window Bars
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 27496
  • Assessor Parcel Number 8331023046

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,752
  • Trash Expense $840
  • Water Sewer Expense $1,980
  • New Taxes Expense $4,601
  • Gross Income $3,650
  • Net Operating Income $33,780

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,825

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Window Bars
  • Water Sewer Expenses: 1980.00
  • Property Type: Residential Income
  • Parcel Number: 8331023046
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Parking Space, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 840.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7413.00
  • Price Per Lot Square Foot: 74.87
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3650.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 1752.00
  • Lot Size Area: 7413.0000 Square Feet
  • Net Operating Income: 33780.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10020.00
  • Rent Control: No
  • Total Actual Rent: 3650.00

Tax Info

  • New Taxes Expense: 4601.00
  • Taxes Percent: 1.25
  • Tax Lot: 20
  • Tax Tract Number: 27496
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2014
Closed on
May 8, 2015
Sold by
Alvarez Juan Ignacio and Flores Erica
Bought by
Chen Shi Sheng
Seller's Agent
Greg Foster
Skymark Real Estate Group
Buyer's Agent
Cathy Cheng
CC Royal Realty
List Price
$590,000
Sold Price
$555,000
Premium/Discount to List
-$35,000
-5.93%
Current Estimated Value
$1,114,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,846
Avg. Annual Appreciation
7.38%
Original Mortgage
$388,500
Outstanding Balance
$148,795
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$1,000,262

Purchase Details

Closed on
Aug 13, 2013
Sold by
Alvarez Juan Ignacio and Flores Erica
Bought by
Alvarez Juan Ignacio and Flores Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,600
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2003
Sold by
Hernandez Cesar Augusto and Delcid Walter
Bought by
Alvarez Juan Ignacio and Flores Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,720
Interest Rate
5.54%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 1999
Sold by
Rubio Yezio and Rubio Maria
Bought by
Dhp Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,226
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 1999
Sold by
Dhp Investments
Bought by
Hernandez Cesar Augusto and Delcid Walter Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,226
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 1999
Sold by
Hernandez Marta Angelica
Bought by
Hernandez Cesar Augusto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,226
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 1998
Sold by
Rubio Yezio and Rubio Maria
Bought by
Dhp Investments
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
Chen Shi Sheng $555,000 Arista National Title
Alvarez Juan Ignacio -- Title365 Company
Alvarez Juan Ignacio $277,272 Fidelity National Title Co
Dhp Investments -- Stewart Title
Hernandez Cesar Augusto $217,000 Stewart Title
Hernandez Cesar Augusto -- Stewart Title
Dhp Investments $145,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Shi Sheng $388,500
Previous Owner Alvarez Juan Ignacio $402,600
Previous Owner Alvarez Juan Ignacio $430,500
Previous Owner Alvarez Juan Ignacio $62,350
Previous Owner Alvarez Juan Ignacio $272,720
Previous Owner Hernandez Cesar Augusto $215,226
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2015 06/09/15 Sold $555,000 -5.9% $142 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $590,000 -- $151 / 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 $8,825 $667,018 $240,367 $426,651
2024 $8,825 $653,940 $235,654 $418,286
2023 $8,654 $641,119 $231,034 $410,085
2022 $8,515 $628,549 $226,504 $402,045
2021 $8,309 $616,225 $222,063 $394,162
2019 $8,479 $597,950 $215,478 $382,472
2018 $7,813 $586,226 $211,253 $374,973
2016 $7,319 $563,463 $203,050 $360,413
2015 $4,659 $334,401 $120,504 $213,897
2014 $4,646 $327,852 $118,144 $209,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14235640

California Regional Multiple Listing Service (CRMLS)

APN: 8331-023-046