NOT LISTED FOR SALE

Estimated Value: $585,000 - $714,949

5 Beds
3 Baths
2,100 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $500,000 $238 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,017/month

97 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 1-Story Property
  • Park
  • Central Heating and Cooling System

About This Home

As of March 2021

24460-24490 Fir Ave is two homes on a lot. This is a good opportunity for an investor or two families. This property consists of a 3/2 home with double garage and 2/1 home with a single garage. There is a yard that separates these two homes with a lot of landscaping potential.
Both units come separately metered for electric, one home is completely fenced and both homes have laundry hookups. The 3/2 home is central air and heat, and the owner has had work done to upgrade this home. The projected rents are $1500 for 2/1 hm + $2000 for 3/3 hm for these units, buyer to verify rental market, as rent potential could be more.

Last Agent to Sell the Property

Victor Hernandez

CAL Top Realty & Investments License #01272723 Listed on: 11/04/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,224

Year Built

  • Built in 1954

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 5 / 7
  • Tax Tract Number 5
  • Assessor Parcel Number 481150017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $450
  • Insurance Expense $700
  • Trash Expense $720
  • Water Sewer Expense $1,680
  • New Taxes Expense $4,850
  • Operating Expense $4,035
  • Gross Income $42,600
  • Net Operating Income $38,565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,224

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1680.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 481150017
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 238.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 450.00
  • Gross Income: 42600.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 700.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 38565.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4035.00
  • Rent Control: No
  • Total Expenses: 4035.00

Tax Info

  • New Taxes Expense: 4850.00
  • Tax Block: 7
  • Tax Census Tract: 425.15
  • Tax Lot: 5
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Santos Romualdo Montiel
Bought by
Romualdo Montiel Santos Family Living Trust and Santos
Current Estimated Value
$646,987

Purchase Details

Closed on
Jul 28, 2022
Sold by
Rodrigo Montiel-Lopez Edgar
Bought by
Santos Romualdo Montiel

Purchase Details

Closed on
Dec 11, 2020
Sold by
Duran Julio C
Bought by
Montiel Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,943
Interest Rate
2.73%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 2004
Sold by
Green Frederick
Bought by
Duran Julio C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,400
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2004
Sold by
Townsend David L
Bought by
Green Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2002
Sold by
Chang Pai Ho
Bought by
Townsend David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,682
Interest Rate
6.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 1994
Sold by
Chen Li Qiong
Bought by
Chen Chen Yu
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Romualdo Montiel Santos Family Living Trust -- Santos Romualdo Montiel
Santos Romualdo Montiel -- None Listed On Document
Montiel Edgar $500,000 Ticor Title Company Of Ca
Duran Julio C $344,000 Ticor Title
Green Frederick $275,000 North American Title Co
Townsend David L $150,000 Commonwealth Land Title Co
Chen Chen Yu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montiel Edgar $490,943
Previous Owner Duran Julio C $391,000
Previous Owner Duran Julio C $292,400
Previous Owner Green Frederick $220,000
Previous Owner Townsend David L $147,181
Previous Owner Townsend David L $147,682
Closed Green Frederick $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $500,000 -2.0% $238 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
01/15/2021 01/15/21 Price Changed $510,000 +2.0% $243 / Sq Ft
01/14/2021 01/14/21 For Sale $500,000 0.0% $238 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $500,000 -- $238 / 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 $6,224 $546,210 $119,646 $426,564
2023 $6,224 $525,000 $115,000 $410,000
2022 $6,136 $476,248 $111,639 $364,609
2021 $4,466 $386,456 $86,520 $299,936
2020 $4,383 $345,049 $77,250 $267,799
2019 $4,415 $453,062 $106,204 $346,858
2018 $5,645 $444,179 $104,122 $340,057
2017 $4,315 $315,000 $50,000 $265,000
2016 $4,531 $315,000 $50,000 $265,000
2015 $3,738 $420,523 $98,578 $321,945
2014 $3,015 $260,000 $60,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20233320

California Regional Multiple Listing Service (CRMLS)

APN: 481-150-017