$3,250,000
SOLD AUG 6, 2024
18 Beds
18 Baths
7,546 Sq Ft
5,889 Sq Ft Lot

Recently Sold

$431 Per Sq Ft

Highlights

  • New Construction
  • Laundry Room
  • Landscaped
  • No Units Above
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2024

Sold before processing.

Last Agent to Sell the Property

Elizabeth Maddox

Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 08/06/2024

Co-Listed By

Ian Maddox

Myunits.com Inc. Brokerage Phone: 818-850-8485 License #02030205

Last Buyer's Agent

Kia Hamadani

Hamadani Realty License #01502265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,167

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 5,889 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 7,546 Sq Ft Home
  • 3-Story Property

Kitchen

  • Gas Range
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 108
  • Tax Tract Number 5644
  • Assessor Parcel Number 5048006051
  • $280 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,018
  • Maintenance Expense $1,600
  • New Taxes Expense $38,981
  • Operating Expense $44,799
  • Gross Income $21,000
  • Net Operating Income $197,121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,167

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • CapRate: 6.07
  • Price Per Unit: 812500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LARD1.5
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5048006051
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 430.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Sq Ft: 5889.00
  • Lot Size Acres: 0.1352
  • Latitude Manual: 34.03404400

Multi Family

  • Gross Income: 21000.00
  • Gross Multiplier: 12.90
  • Gross Operating Income: 241920.00
  • Gross Scheduled Income: 252000.00
  • Insurance Expense: 3018.00
  • Lot Size Area: 5889.0000 Square Feet
  • Maintenance Expense: 1600.00
  • Net Operating Income: 197121.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 44799.00
  • Rent Control: No
  • Total Expenses: 44799.00
  • Vacancy Allowance: 10080

Tax Info

  • New Taxes Expense: 38981.00
  • Tax Census Tract: 2199.02
  • Tax Lot: 108
  • Tax Tract Number: 5644
  • TaxOtherAnnualAssessmentAmount: 280.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Jul 19, 2024
Sold by
Forever Properties Llc
Bought by
Moshfegh Hamadani Llc
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Kia Hamadani
Hamadani Realty
List Price
$3,250,000
Sold Price
$3,250,000
Views
2
Current Estimated Value
$2,517,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$732,832
Avg. Annual Appreciation
-25.03%

Purchase Details

Listed on
Apr 7, 2022
Closed on
Jun 28, 2022
Sold by
Isabel Delacruz Reina
Bought by
Forever Properties Llc
Seller's Agent
Fredd Garcia
Bo Hyok Kim, Broker
Buyer's Agent
Fredd Garcia
Bo Hyok Kim, Broker
List Price
$910,000
Sold Price
$890,000
Premium/Discount to List
-$20,000
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.84%

Purchase Details

Closed on
Dec 5, 2011
Sold by
Pickart Daniel
Bought by
Dela Cruz Reina Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2011
Sold by
The Bank Of New York Mellon
Bought by
Pickart Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 1, 2011
Sold by
Pickart Stephanie
Bought by
Pickart Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2011
Sold by
Alpizar Gustavo A
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 19, 2004
Sold by
Alpizar Silvia
Bought by
Alpizar Gustavo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2003
Sold by
Ramirez Marco T
Bought by
Alpizar Gustavo A

Purchase Details

Closed on
Feb 3, 2003
Sold by
Martinez Violeta
Bought by
Ramirez Marco T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.85%

Purchase Details

Closed on
Nov 3, 2000
Sold by
Arevalo Carlos R
Bought by
Martinez Violeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,650
Interest Rate
7.86%

Purchase Details

Closed on
Sep 26, 2000
Sold by
Marshall Willa B
Bought by
Martinez Violeta and Ovalle Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,650
Interest Rate
7.86%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,250,000 Monarch Title
Grant Deed $890,000 Stewart Title Of California In
Grant Deed $210,002 Lawyers Title Company
Grant Deed $142,500 Stewart Title Of California
Interfamily Deed Transfer -- Stewart Title Of California
Trustee Deed $200,250 None Available
Interfamily Deed Transfer -- Landsafe Title Of Ca Inc
Grant Deed -- --
Grant Deed $196,000 Stewart Title
Interfamily Deed Transfer -- Stewart Title
Gift Deed -- Southland Title
Grant Deed $145,000 Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $0 New Conventional
Previous Owner $400,000 Credit Line Revolving
Previous Owner $128,000 New Conventional
Previous Owner $126,000 Purchase Money Mortgage
Previous Owner $150,000 Unknown
Previous Owner $300,000 Fannie Mae Freddie Mac
Previous Owner $191,000 New Conventional
Previous Owner $186,000 No Value Available
Previous Owner $140,650 No Value Available
Closed $0 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $3,250,000 0.0% $431 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $3,250,000 0.0% $431 / Sq Ft
07/26/2024 07/26/24 Rented $5,700 0.0% --
06/19/2024 06/19/24 For Rent $5,700 0.0% --
07/06/2022 07/06/22 Sold $890,000 -2.2% $951 / Sq Ft
07/06/2022 07/06/22 Price Changed $910,000 0.0% $972 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $910,000 -- $972 / 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 $11,167 $907,800 $726,240 $181,560
2023 $10,954 $890,000 $712,000 $178,000
2022 $3,176 $248,549 $198,842 $49,707
2021 $3,133 $243,677 $194,944 $48,733
2020 $3,162 $241,180 $192,946 $48,234
2019 $3,044 $236,452 $189,163 $47,289
2018 $2,955 $231,816 $185,454 $46,362
2016 $2,824 $222,815 $178,253 $44,562
2015 $2,785 $219,469 $175,576 $43,893
2014 $2,804 $215,171 $172,137 $43,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24162015

California Regional Multiple Listing Service (CRMLS)

APN: 5048-006-051