NOT LISTED FOR SALE

2561 Hayes Dr La Verne, CA 91750

Old Town Neighborhood

Estimated Value: $1,161,000 - $1,342,000

7 Beds
6 Baths
3,756 Sq Ft
$329/Sq Ft Est. Value

Last Sold October 26, 2022

Last sale price $1,050,800 $280 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,560/month

69 Days on Market

Highlights

  • Lawn
  • No HOA
  • Park
  • J. Marion Roynon Elementary School Rated A-
  • Cul-De-Sac
  • Laundry Room

About This Home

As of October 2022

Great Investment! $431,667 per unit! Close to University of La Verne, Aquatic Center, Downtown shopping and dining! Located on a Cul-de-sac, each unit has a 2 car garage. 1 unit is a 3 bedroom/2bath (approx 1518 sqft) and the other 2 units are 2 bedroom/2bath (approx 1218 sqft). Roof Replaced 2011, Most Major Windows Replaced 2015, Exterior Paint 2018, each unit has laundry hookups inside.

Last Agent to Sell the Property

James Baiseri

KALEO REAL ESTATE COMPANY License #01448179 Listed on: 06/29/2022

Co-Listed By

Wendy Ginter

KALEO REAL ESTATE COMPANY License #01995567

Last Buyer's Agent

Donna Dance

ROYAL HOMES & LOANS License #01079262

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,896

Year Built

  • Built in 1964

Lot Details

  • 7,937 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 3,756 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 7
  • Tax Tract Number 29415
  • Assessor Parcel Number 8370007032

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Foothills

Recreation

  • Park

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,200
  • Maintenance Expense $1,200
  • Trash Expense $1,320
  • Water Sewer Expense $2,400
  • New Taxes Expense $16,250
  • Operating Expense $23,720
  • Gross Income $58,680
  • Net Operating Income $44,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,896

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.40
  • Price Per Unit: 431667
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8370007032
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 279.77

Exterior Features

  • Fence: No
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Park, Sidewalks, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Lawn
  • Lot Size Sq Ft: 7937.00
  • Lot Size Acres: 0.1822

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 58680.00
  • Gross Scheduled Income: 58680.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 7937.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 44316.00
  • 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
  • Number With Range: 3
  • Operating Expense: 14364.00
  • Rent Control: No
  • Total Actual Rent: 4890.00
  • Total Expenses: 23720.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Lot: 7
  • Tax Tract Number: 29415

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Oct 20, 2022
Sold by
Karuppaiah Sakthivel and Karuppaiah Sathyarathna
Bought by
Sakthivel Family Trust
Seller's Agent
James Baiseri
KALEO REAL ESTATE COMPANY
Buyer's Agent
Donna Dance
ROYAL HOMES & LOANS
List Price
$1,295,000
Sold Price
$1,050,800
Premium/Discount to List
-$244,200
-18.86%
Views
14
Current Estimated Value
$1,236,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,664
Avg. Annual Appreciation
5.55%
Original Mortgage
$735,560
Outstanding Balance
$706,857
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$529,607

Purchase Details

Listed on
Jun 29, 2022
Closed on
Sep 22, 2022
Sold by
Lee Family Trust
Bought by
Karuppaiah Sakthivel and Rajagopal Sathyarathna
Seller's Agent
James Baiseri
KALEO REAL ESTATE COMPANY
Buyer's Agent
Donna Dance
ROYAL HOMES & LOANS
List Price
$1,295,000
Sold Price
$1,050,800
Premium/Discount to List
-$244,200
-18.86%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,560
Outstanding Balance
$706,857
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$529,607

Purchase Details

Closed on
Mar 29, 1996
Sold by
Lee Yen Keng
Bought by
Lee Show Ling
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
Sakthivel Family Trust -- Accommodation/Courtesy Recordi
Karuppaiah Sakthivel $1,051,000 Wfg National Title
Lee Show Ling -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karuppaiah Sakthivel $735,560
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $1,050,800 -18.9% $280 / Sq Ft
06/29/2022 06/29/22 For Sale $1,295,000 -- $345 / 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 $12,896 $1,093,252 $520,200 $573,052
2024 $12,896 $1,071,816 $510,000 $561,816
2023 $12,611 $1,050,800 $500,000 $550,800
2022 $5,441 $405,804 $120,829 $284,975
2021 $5,321 $397,848 $118,460 $279,388
2019 $5,219 $386,050 $114,948 $271,102
2018 $4,909 $378,482 $112,695 $265,787
2016 $4,699 $363,787 $108,320 $255,467
2015 $4,626 $358,323 $106,693 $251,630
2014 $4,594 $351,305 $104,604 $246,701
Source: Public Records

Agents Affiliated with this Home

  • James Baiseri

    Seller's Agent in 2022

    James Baiseri

    KALEO REAL ESTATE COMPANY

    (909) 821-7978

    1 in this area

    36 Total Sales

    James Baiseri
    Section Image
  • Wendy Ginter

    Seller Co-Listing Agent in 2022

    Wendy Ginter

    KALEO REAL ESTATE COMPANY

    (951) 809-2245

    2 in this area

    54 Total Sales

    Wendy Ginter
    Section Image
  • Donna Dance

    Buyer's Agent in 2022

    Donna Dance

    ROYAL HOMES & LOANS

    (626) 915-8031

    1 in this area

    37 Total Sales

    Donna Dance
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22141838

California Regional Multiple Listing Service (CRMLS)

APN: 8370-007-032

California Los Angeles County La Verne 91750 Old Town

2561 Hayes Dr, La Verne, CA

This home is located at 2561 Hayes Dr, La Verne, CA 91750 since 29 June 2022 and is currently estimated at $1,236,464, approximately $329 per square foot. This property was built in 1964. 2561 Hayes Dr is a home located in Los Angeles County with nearby schools including J. Marion Roynon Elementary School, Ramona Middle School, and Bonita High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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