NOT LISTED FOR SALE

2425 Alta Sierra Ave Lake Isabella, CA 93240

Estimated Value: $179,000 - $246,095

3 Beds
2 Baths
1,705 Sq Ft
$119/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $150,000 $88 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,317/month

885 Days on Market

Highlights

  • Evaporated cooling system
  • Level Lot
  • Back Yard
  • Laundry Room

About This Home

As of May 2021

Excellent duplex for first time investors. Occupy one and rent out the other, or rent out both. Affordable and well maintained duplex of 2 bedrooms, 1 bath with huge 2 car garage and 1 BR with 1 Bath without a garage and instead with a huge yard with fruit trees (cherry & peach). Larger unit is approximately 1025 sq. ft. The 1 BR is approximately 680. Large living rooms, bedrooms and spacious kitchens make these units a perfect size for a first home and investment. View of mountains. A great beginning for any one who can put together a little cash. Try low down conventional financing to own rather than rent. This is a Trust Sale. No Court approval is necessary. The property is being sold in its current "AS IS, WHERE IS CONDITION." HUD APPROVED rent increase on 1 BR of $667.00 Great cap rate for a small investment.

Last Agent to Sell the Property

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 10/29/2018

Last Buyer's Agent

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 10/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,110

Year Built

  • Built in 1958

Lot Details

  • 8,829 Sq Ft Lot
  • Desert faces the front of the property
  • 1 Common Wall
  • Rural Setting
  • Level Lot
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,705 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Evaporated cooling system
  • Propane
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 2004
  • Assessor Parcel Number 2631610600

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $845
  • Insurance Expense $539
  • Trash Expense $270
  • Water Sewer Expense $502
  • New Taxes Expense $2,075
  • Operating Expense $4,231
  • Gross Income $16,344
  • Net Operating Income $12,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,110

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.80
  • Price Per Unit: 77500
  • Property Attached: Yes
  • Water Sewer Expenses: 502.00
  • Property Type: Residential Income
  • Gardener Expense: 845.00
  • Parcel Number: 2631610600
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 87.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Propane
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Propane Dryer Hookup, Washer Hookup
  • Sewer: Conventional Septic
  • Trash Expense: 270.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Desert Front, Level
  • Lot Size Sq Ft: 8829.00
  • Lot Size Acres: 0.2027

Multi Family

  • Average2 Bed Area: 852 Square Feet
  • Gross Income: 16344.00
  • Gross Multiplier: 9.47
  • Gross Scheduled Income: 16344.00
  • Insurance Expense: 539.00
  • Lot Size Area: 8829.0000 Square Feet
  • Net Operating Income: 12113.00
  • 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
  • Number With Carpet: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 4231.00
  • Rent Control: No
  • Total Actual Rent: 1280.00
  • Total Expenses: 4231.00

Tax Info

  • New Taxes Expense: 2075.00
  • Tax Lot: 70
  • Tax Tract Number: 2004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Apr 8, 2021
Sold by
Scott Angela M and Scott Family Living Trust
Bought by
Gondrez David Scott
Seller's Agent
Silvana Raiola
Landmark Realtors
Buyer's Agent
Silvana Raiola
Landmark Realtors
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%
Total Days on Market
885
Current Estimated Value
$203,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,274
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
Oct 12, 2004
Sold by
Scott Harold and Scott Kathleen
Bought by
Scott Harold L and Scott Kathleen

Purchase Details

Closed on
Jul 31, 2003
Sold by
Degidio Giovanni
Bought by
Scott Harold and Scott Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1998
Sold by
Mcghee J W and Dalene Sue
Bought by
Degidio Giovanni
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gondrez David Scott $150,000 First Amer Ttl Co Res Div
Scott Harold L -- --
Scott Harold $90,000 First American Title
Degidio Giovanni $45,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott Harold L $106,400
Previous Owner Scott Harold $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $150,000 -3.2% $88 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $154,900 0.0% $91 / Sq Ft
03/30/2020 03/30/20 For Sale $154,900 0.0% $91 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $154,900 -- $91 / 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
2024 $2,110 $159,181 $26,530 $132,651
2023 $2,110 $156,060 $26,010 $130,050
2022 $2,046 $153,000 $25,500 $127,500
2021 $1,563 $118,199 $13,126 $105,073
2020 $1,502 $116,988 $12,992 $103,996
2019 $1,480 $116,988 $12,992 $103,996
2018 $1,308 $100,000 $25,000 $75,000
2017 $1,261 $95,000 $24,000 $71,000
2016 $1,154 $90,000 $15,000 $75,000
2015 $1,160 $90,000 $15,000 $75,000
2014 $1,168 $90,577 $10,064 $80,513
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18227289

California Regional Multiple Listing Service (CRMLS)

APN: 263-161-06-00-9