NOT LISTED FOR SALE

Estimated Value: $448,000 - $1,027,000

8 Beds
5 Baths
3,115 Sq Ft
$282/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $950,000 $305 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,705/month

15 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Modern Architecture
  • Private Yard
  • 0.45 Acre Lot
  • Corner Lot
  • No HOA

About This Home

As of June 2022

This is a great opportunity to own 4 units with a huge lot and a lark parking area. Three units are under one roof and one unit is separate. Both structures have ample parking for the tenant with a big front, back and side yard. All units have individual addresses. Three units have 6th street address and one has Sterling St address.
Unit A - 25678 6th st - 3br/ 2bath - Rent $1578 - Market rent is $2000 - Updated new bathroom, new plumbing and water heater in the last 2 years.
Unit B - 25666 6th St - 1br/1 bath - Rent $910 - Market rent is $1100 - Installed new bathroom in last 2 years (gas and water paid by landlord).
Unit C - 25664 6th St - 1br/1 bath - Rent $1040 - Market rent is $1200 - New flooring in last 2 years (all utilities paid by landlord).
Unit D - 7890 Sterling St - 3br/ 1 bath with a 2 car garage - Rent $1697 - Market rent is $2000 - New laundry area updated, paint and new flooring in last two years.
There is a coin laundry machine which generates an average $200 per month with a new machine that was serviced recently. Landlord pays for gas, electric with unit C and for the laundry area.
All the tenants have been on the property for 2 to 9 years. Always on time. The insurance is 2 individual policies approx. $1800 a year. The landlord pays for gas, water and trash. Water and sewer are $400/mo appox, trash is approx. $120/mo, & gas is $200/mo approx- all rent is deposited in the bank on the 1st every month.

Last Agent to Sell the Property

Ken Shah

KW Commercial License #01959110 Listed on: 05/09/2022

KW Commercial

Last Buyer's Agent

Omar Flores

RockCal Real Estate License #02146565

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • South Facing Home
  • Wood Fence
  • Chain Link Fence
  • Corner Lot
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Modern Architecture
  • Quadruplex
  • Turnkey
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,115 Sq Ft Home
  • Insulated Doors
  • Utility Room
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 51
  • Tax Tract Number 18042
  • Assessor Parcel Number 0278262320000
  • $8,546 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,650
  • Fuel Expense $2,400
  • Insurance Expense $1,600
  • Trash Expense $1,440
  • Water Sewer Expense $4,800
  • Operating Expense $11,890
  • Gross Income $65,100
  • Net Operating Income $53,210

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0.45 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0278262320000
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Levels: One
  • Price Per Square Foot: 304.98
  • Room Type: All Bedrooms Down, Utility Room

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Paved, Garage, Parking Space
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Lawn, Paved, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 19550.00
  • Lot Size Acres: 0.4488

Multi Family

  • Electric Expense: 1650.00
  • Fuel Expense: 2400.00
  • Gross Income: 65100.00
  • Gross Scheduled Income: 65100.00
  • Insurance Expense: 1600.00
  • Laundry Income: 2400.00
  • Lot Size Area: 19550.0000 Square Feet
  • Net Operating Income: 53210.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 11890.00
  • Rent Control: Yes
  • Total Expenses: 11890.00

Tax Info

  • Tax Block: 51
  • Tax Census Tract: 64.02
  • Tax Lot: 1
  • Tax Tract Number: 18042
  • TaxOtherAnnualAssessmentAmount: 8546.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2023
Sold by
Hernandez Fermin
Bought by
Hernandez Capital Asset Llc
Current Estimated Value
$877,619

Purchase Details

Listed on
May 9, 2022
Closed on
Jun 20, 2022
Sold by
Hernandez Diana E
Bought by
Hernandez Fermin
Seller's Agent
Ken Shah
KW Commercial
Buyer's Agent
Omar Flores
RockCal Real Estate
List Price
$920,000
Sold Price
$950,000
Premium/Discount to List
$30,000
3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.10%
Original Mortgage
$712,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2022
Closed on
Jun 7, 2022
Sold by
6Th And Sterling Sb Trust and Shah Kamal M
Bought by
Shah Kamal M and Shah Nilima K
Seller's Agent
Ken Shah
KW Commercial
Buyer's Agent
Omar Flores
RockCal Real Estate
List Price
$920,000
Sold Price
$950,000
Premium/Discount to List
$30,000
3.26%

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
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2022
Closed on
May 26, 2022
Sold by
Shah Kamal M and Shah Nilima K
Bought by
Hernandez Fermin
Seller's Agent
Ken Shah
KW Commercial
Buyer's Agent
Omar Flores
RockCal Real Estate
List Price
$920,000
Sold Price
$950,000
Premium/Discount to List
$30,000
3.26%

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
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2019
Sold by
Shah Kamal M and Shah Nilima K
Bought by
North Star Custodian Llc

Purchase Details

Listed on
Jul 3, 2019
Closed on
Aug 5, 2019
Sold by
Ridge Valley Llc
Bought by
Shah Kamal M and Shah Nilima K
Seller's Agent
Misty Boehmer
RIVERSIDE REAL ESTATE PROFESSIONALS
Buyer's Agent
Ken Shah
KW Commercial
List Price
$515,000
Sold Price
$530,000
Premium/Discount to List
$15,000
2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$397,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2017
Sold by
Pinero Paul Roger
Bought by
Ridge Valley Llc

Purchase Details

Listed on
Sep 17, 2016
Closed on
Nov 17, 2016
Sold by
Li Xinyue
Bought by
Pinero Paul Roger
Seller's Agent
Michael Shang
Pros Group Inc
Buyer's Agent
Karina Veliz
Veliz Empire Realty
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%

Purchase Details

Listed on
May 7, 2013
Closed on
Aug 17, 2013
Sold by
Jay Gees Llc
Bought by
Li Xinyue
Seller's Agent
Sergio Sahagun
DYNASTY REAL ESTATE
Buyer's Agent
Joe Chen
RE/MAX CHAMPIONS
List Price
$359,900
Sold Price
$349,900
Premium/Discount to List
-$10,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
Mar 5, 2012
Sold by
The 25678 East 6Th Street Title Trust
Bought by
Jay Gees Llc

Purchase Details

Closed on
Jul 12, 2006
Sold by
The 25678 East 6Th Street Title Trust
Bought by
Boodoosingh Amarnath

Purchase Details

Closed on
Aug 30, 2002
Sold by
Patzer Jonathon D
Bought by
The 25678 East 6Th Street Title Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
5.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 16, 1994
Sold by
Bissey Lois Y
Bought by
Patzer Jonathon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hernandez Capital Asset Llc -- None Listed On Document
Hernandez Fermin -- First American Title
Shah Kamal M -- First American Title
Hernandez Fermin $950,000 First American Title
North Star Custodian Llc -- None Available
Shah Kamal M $530,000 Orange Coast Title Company
Ridge Valley Llc -- None Available
Pinero Paul Roger $435,000 Lawyers Title
Li Xinyue $350,000 First American Title
Jay Gees Llc $130,000 None Available
Boodoosingh Amarnath -- None Available
The 25678 East 6Th Street Title Trust $142,409 Stewart Title Company
Patzer Jonathon D $150,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Fermin $712,500
Previous Owner Hernandez Fermin $712,500
Previous Owner Shah Kamal M $397,500
Previous Owner The 25678 East 6Th Street Title Trust $128,250
Previous Owner Patzer Jonathon D $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2022 06/24/22 Sold $950,000 +3.3% $305 / Sq Ft
05/27/2022 05/27/22 For Sale $920,000 -3.2% $295 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/19/2022 05/19/22 Off Market $950,000 -- --
05/09/2022 05/09/22 For Sale $920,000 +73.6% $295 / Sq Ft
08/15/2019 08/15/19 Sold $530,000 +2.9% $170 / Sq Ft View Prior Sale
07/08/2019 07/08/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $515,000 +18.4% $165 / Sq Ft
11/18/2016 11/18/16 Sold $435,000 -3.3% $143 / Sq Ft View Prior Sale
09/15/2016 09/15/16 For Sale $450,000 +28.6% $148 / Sq Ft
08/22/2013 08/22/13 Sold $349,900 -2.8% $115 / Sq Ft View Prior Sale
08/04/2013 08/04/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $359,900 -- $118 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,197 $841,500 $252,450 $589,050
2024 $11,936 $825,000 $247,500 $577,500
2023 $13,659 $969,000 $255,000 $714,000
2022 $8,698 $556,507 $82,446 $474,061
2021 $8,546 $545,595 $80,829 $464,766
2020 $7,035 $530,000 $80,000 $450,000
2019 $5,950 $452,574 $114,444 $338,130
2018 $5,880 $443,700 $112,200 $331,500
2017 $5,702 $369,580 $110,906 $258,674
2016 $4,714 $362,333 $108,731 $253,602
2015 $4,801 $356,891 $107,098 $249,793
2014 $4,670 $349,900 $105,000 $244,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22096188

California Regional Multiple Listing Service (CRMLS)

APN: 0278-262-32

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