NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,083,000

6 Beds
3 Baths
2,775 Sq Ft
$374/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $770,000 $277 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,417/month

131 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Front Yard
  • No HOA

About This Home

As of August 2020

Price Just Reduced!. Perfect investment for a first time buyer or investor. Nice set up 3 units building all 2 bedrooms 1 bath each. Per seller New kitchens in units #2 and #3 including new laminate floors, Unit #3 has ceramic tile floor and kitchen was remodeled 3 years ago. Water saving landscaping with beautiful palm trees, newer windows, new wall heater furnace in unit #1, each unit has washer and dryer hookups inside the units. 3 parking spaces in back of building.

Last Agent to Sell the Property

Juan Cevallos

RE/MAX College Park Realty License #00787807 Listed on: 03/03/2020

RE/MAX College Park Realty

Last Buyer's Agent

John Novak

Beach City Brokers License #01944583

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,578

Year Built

  • Built in 1965

Lot Details

  • 4,920 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 2,775 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 66
  • Tax Tract Number 2523
  • Assessor Parcel Number 7410027064

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $980
  • Water Sewer Expense $1,920
  • New Taxes Expense $7,885
  • Operating Expense $11,565
  • Net Operating Income $32,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,578

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 4.13
  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7410027064
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 277.48

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4920.00
  • Lot Size Acres: 0.1129

Multi Family

  • Gross Scheduled Income: 44076.00
  • Insurance Expense: 980.00
  • Lot Size Area: 4920.0000 Square Feet
  • Net Operating Income: 32511.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11565.00
  • Rent Control: Yes
  • Total Actual Rent: 3673.00
  • Total Expenses: 11565.00

Tax Info

  • New Taxes Expense: 7885.00
  • Tax Block: 66
  • Tax Census Tract: 2933.04
  • Tax Lot: 6
  • Tax Tract Number: 2523

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2022
Sold by
Chen and Yang
Bought by
Chen And He Family Trust
Current Estimated Value
$1,038,736

Purchase Details

Listed on
Mar 3, 2020
Closed on
Aug 13, 2020
Sold by
Jimenez Aydee and Jimenez Yeymi
Bought by
Chen Long and He Yang
Seller's Agent
Juan Cevallos
RE/MAX College Park Realty
Buyer's Agent
John Novak
Beach City Brokers
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$539,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2016
Closed on
Oct 19, 2016
Sold by
Bola Llc
Bought by
Jimenez Aydee and Jimenez Yeymi
Seller's Agent
Matteo Bommarito
Keller Williams Realty
Buyer's Agent
Juan Cevallos
RE/MAX College Park Realty
List Price
$56,500
Sold Price
$587,000
Premium/Discount to List
$530,500
938.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$440,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 2, 2013
Closed on
Jan 7, 2014
Sold by
Mansour Hany M and Nasr Magda M
Bought by
Bommarito Matteo
Seller's Agent
Mary Suliman
Rodeo Realty - Pacific Palisades
Buyer's Agent
Matteo Bommarito
List Price
$459,000
Sold Price
$438,000
Premium/Discount to List
-$21,000
-4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Original Mortgage
$328,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2010
Sold by
Franada Crystel and Gloria P Franada Separate Prop
Bought by
Mansour Hany M and Nasr Magda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2006
Sold by
Franada Gloria P
Bought by
Franada Gloria P and The Gloria P Franada Separate
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
Chen And He Family Trust -- Law Offices Of Connie Yi Pc
Chen Long $770,000 Pacific Coast Title
Jimenez Aydee $587,000 Fidelity National Title
Jimenez Yeymi -- Fidelity National Title
Bommarito Matteo $438,000 Lawyers Title
Mansour Hany M $292,000 Landwood Title
Franada Gloria P -- None Available
Franada Gloria P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Long $532,000
Previous Owner Chen Long $539,000
Previous Owner Jimenez Aydee $440,000
Previous Owner Bommarito Matteo $328,500
Previous Owner Mansour Hany M $219,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $770,000 -2.0% $277 / Sq Ft
07/12/2020 07/12/20 Pending -- -- --
06/27/2020 06/27/20 Price Changed $786,000 -1.6% $283 / Sq Ft
03/03/2020 03/03/20 For Sale $799,000 +36.1% $288 / Sq Ft
10/27/2016 10/27/16 Sold $587,000 +938.9% $212 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
10/27/2016 10/27/16 For Sale $56,500 -90.3% $20 / Sq Ft
09/30/2016 09/30/16 Sold $585,000 +2.6% $211 / Sq Ft
07/19/2016 07/19/16 For Sale $570,000 +30.1% $205 / Sq Ft
01/22/2014 01/22/14 Sold $438,000 -4.6% $158 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $459,000 -- $165 / 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 $10,578 $833,470 $476,269 $357,201
2024 $10,578 $817,129 $466,931 $350,198
2023 $10,376 $801,108 $457,776 $343,332
2022 $9,907 $785,400 $448,800 $336,600
2021 $9,774 $770,000 $440,000 $330,000
2020 $8,196 $622,927 $254,689 $368,238
2019 $7,885 $610,714 $249,696 $361,018
2018 $7,783 $598,740 $244,800 $353,940
2016 $5,862 $444,679 $304,575 $140,104
2015 $5,774 $438,000 $300,000 $138,000
2014 $4,285 $305,174 $242,467 $62,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20047021

California Regional Multiple Listing Service (CRMLS)

APN: 7410-027-064