NOT LISTED FOR SALE

Estimated Value: $394,000 - $440,000

8 Beds
4 Baths
3,220 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $420,000 $130 Per Sq Ft

Current estimated payment $2,454/month

161 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • No HOA

About This Home

As of August 2017

244 -250 E. 18th Street consists of 2 separate parcels. Each parcel has a Duplex. Please check with your lender regarding financing. ( most lenders will require a separate loan for each parcel) Total of four 2 bedroom/1 bath units. Each unit has a private back yard.
Upside in rent.

Last Agent to Sell the Property

Mike Padhya

Statewide Realty, Inc. License #01876767 Listed on: 03/10/2017

Last Buyer's Agent

Farzana Naeem

Action Real Estate Group License #01822195

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,500 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Private Yard
  • 0146-085-15-0000

Parking

  • 4 Car Garage

Home Design

  • 3,220 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 17
  • Tax Tract Number 2134
  • Assessor Parcel Number 0146085140000

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
  • Electric Expense $300
  • Insurance Expense $2,061
  • Maintenance Expense $500
  • Trash Expense $1,080
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,576
  • Operating Expense $10,917
  • Gross Income $39,036
  • Net Operating Income $33,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 0146085140000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 130.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 0146-085-15-0000
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 7500.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 39036.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 2061.00
  • Maintenance Expense: 500.00
  • Net Operating Income: 33483.00
  • 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: 10917.00
  • Rent Control: No
  • Total Expenses: 10917.00

Tax Info

  • New Taxes Expense: 4576.00
  • Tax Census Tract: 54.00
  • Tax Lot: 17
  • Tax Tract Number: 2134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2017
Closed on
Jul 22, 2017
Sold by
Mayi Corporation
Bought by
Memon Umer F
Seller's Agent
Mike Padhya
Statewide Realty, Inc.
Buyer's Agent
Farzana Naeem
Action Real Estate Group
List Price
$415,000
Sold Price
$420,000
Premium/Discount to List
$5,000
1.2%
Current Estimated Value
$421,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,822
Avg. Annual Appreciation
0.05%
Original Mortgage
$157,500
Outstanding Balance
$131,357
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$290,465

Purchase Details

Closed on
Nov 10, 2005
Sold by
Patel Mahesh and Patel Damyanti
Bought by
Mayi Corp

Purchase Details

Closed on
Sep 21, 2004
Sold by
Little Jeffery P and Little Linda M
Bought by
Patel Mahesh and Patel Damyanti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2004
Sold by
Little Jeff P
Bought by
Little Jeffery P and Little Linda M

Purchase Details

Closed on
Jun 10, 2003
Sold by
Doan Martha B
Bought by
Little Jeff P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 1999
Sold by
Doan Donald W and Doan Martha B
Bought by
Doan Donald W and Doan Martha B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Memon Umer F $210,000 Stewart Title Of Ca Inc
Mayi Corp -- --
Patel Mahesh $400,000 First American
Little Jeffery P -- Stewart Title Company
Little Jeff P $272,000 Lawyers Title Company
Little Jeff P -- Lawyers Title Company
Doan Donald W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Memon Umer F $157,500
Previous Owner Patel Mahesh $320,000
Previous Owner Little Jeff P $244,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2017 08/25/17 Sold $420,000 +1.2% $130 / Sq Ft
03/10/2017 03/10/17 For Sale $415,000 -- $129 / 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 $3,155 $238,946 $68,270 $170,676
2024 $3,089 $234,260 $66,931 $167,329
2023 $3,012 $229,667 $65,619 $164,048
2022 $3,016 $225,163 $64,332 $160,831
2021 $3,020 $220,748 $63,071 $157,677
2020 $3,027 $218,484 $62,424 $156,060
2019 $2,938 $214,200 $61,200 $153,000
2018 $2,905 $360,315 $96,085 $264,230
2017 $4,718 $353,250 $94,201 $259,049
2016 $4,577 $346,324 $92,354 $253,970
2015 $4,512 $341,122 $90,967 $250,155
2014 $4,386 $334,440 $89,185 $245,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17050219

California Regional Multiple Listing Service (CRMLS)

APN: 0146-085-15