NOT LISTED FOR SALE

Estimated Value: $951,000 - $1,097,420

6 Beds
5 Baths
2,143 Sq Ft
$468/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $950,000 $443 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,505/month

60 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Legacy High School Complex Rated A-

About This Home

As of July 2021

Desirable Income Generating FOURPLEX is now on the market! Tenants in place, fully rented and current. All tenants are month to month. This uniquely configured multi-family property features four living units each with their own meter. The front main two story house features 3 bedrooms and 2 bathrooms and a gated paved front yard. The three remaining units each feature 1 bedroom and 1 bathroom. The shingle roof is one year new, plumbing and electrical has been upgraded, laminate flooring through-out. Each unit has covered parking for one car. Additional open parking on premises is available. Close to transportation and shops. Excellent opportunity for owner-users and investors. Title shows as triplex, property was purchased in its present condition. Buyer to conduct its own diligence, to verify square footage, condition and units as they deem necessary. Seller offers no guarantees, property is a trust sale. Sold as is no further repairs will be completed.

Last Agent to Sell the Property

Diana Hernandez

T.N.G. Real Estate Consultants License #01388581 Listed on: 04/12/2021

T.N.G. Real Estate Consultants

Last Buyer's Agent

Melinda Lira

Home Pride Real Estate License #01900154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,201

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 4,974 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,143 Sq Ft Home
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 331
  • Tax Tract Number 3992
  • Assessor Parcel Number 6202031015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Water Sewer Expense $2,400
  • New Taxes Expense $2,400
  • Operating Expense $5,500
  • Gross Income $72,600
  • Net Operating Income $69,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,201

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR305
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6202031015
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 443.30

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 4974.00
  • Lot Size Acres: 0.1142

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 72600.00
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 700.00
  • Lot Size Area: 4974.0000 Square Feet
  • Net Operating Income: 69500.00
  • 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: 3100.00
  • Rent Control: No
  • Total Actual Rent: 6050.00
  • Total Expenses: 5500.00

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Census Tract: 5348.04
  • Tax Lot: 331
  • Tax Tract Number: 3992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jul 13, 2021
Sold by
Contreras Ismael
Bought by
Contreras Ismael
Seller's Agent
Diana Hernandez
T.N.G. Real Estate Consultants
Buyer's Agent
Melinda Lira
Home Pride Real Estate
List Price
$939,000
Sold Price
$950,000
Premium/Discount to List
$11,000
1.17%
Current Estimated Value
$1,002,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,855
Avg. Annual Appreciation
0.73%
Original Mortgage
$712,500
Outstanding Balance
$647,883
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$330,851

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jun 29, 2021
Sold by
Hernandez John
Bought by
Contreras Ismael
Seller's Agent
Diana Hernandez
T.N.G. Real Estate Consultants
Buyer's Agent
Melinda Lira
Home Pride Real Estate
List Price
$939,000
Sold Price
$950,000
Premium/Discount to List
$11,000
1.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Outstanding Balance
$647,883
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$330,851

Purchase Details

Closed on
Jul 11, 1996
Sold by
Hernandez John S and Hernandez John
Bought by
Hernandez John S and Hernandez Beatriz
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
Contreras Ismael -- Accommodation
Contreras Ismael $950,000 Corinthian Title Company
Hernandez John S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Ismael $712,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $950,000 +1.2% $443 / Sq Ft
06/15/2021 06/15/21 For Sale $939,000 0.0% $438 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $939,000 -- $438 / 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 $14,201 $1,008,147 $689,785 $318,362
2024 $14,201 $988,380 $676,260 $312,120
2023 $13,459 $969,000 $663,000 $306,000
2022 $12,715 $950,000 $650,000 $300,000
2021 $2,328 $61,990 $23,291 $38,699
2020 $2,330 $61,596 $23,053 $38,543
2019 $2,288 $60,393 $22,601 $37,792
2018 $2,171 $59,214 $22,158 $37,056
2016 $2,083 $56,687 $21,299 $35,388
2015 $2,062 $55,837 $20,980 $34,857
2014 $2,074 $54,745 $20,570 $34,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21076395

California Regional Multiple Listing Service (CRMLS)

APN: 6202-031-015