NOT LISTED FOR SALE

Estimated Value: $463,973 - $642,000

4 Beds
2 Baths
1,684 Sq Ft
$324/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $226,000 $134 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $3,233/month

11 Days on Market

Highlights

  • Lawn
  • Neighborhood Views
  • Ceramic Countertops
  • No HOA
  • Cottage
  • Laundry Room

About This Home

As of June 2015

Solid units, the kind of property you buy and keep! Your tenants will feel like they are living in a house with both units having large bedrooms, inside laundry rooms, Central air conditioning and heating, and garages. Both have updated electrical panels. Both have their own hot water heaters.
NOTE: Rents, Vacancy factor, projected Cap Rate of 6%, Operating Expenses and Net Operating Income are projected, but NOT guaranteed. Buyer to verify accuracy of all projected figures and details.

Last Agent to Sell the Property

Jim Trammell

TRUSTED REALTY ADVISORS License #00820556 Listed on: 04/30/2015

Co-Listed By

Mell Hargo

TRUSTED REALTY ADVISORS License #01733746

Last Buyer's Agent

Mishel DeVille

Premier Realty Associates License #01208011

Premier Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,091

Year Built

  • Built in 1952

Lot Details

  • 7,150 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Unassigned Parking

Home Design

  • Cottage
  • Property Attached
  • Raised Foundation

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Kitchen Island
  • Ceramic Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 3529
  • Assessor Parcel Number 0149154130000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $2,678
  • Gross Income $20,400
  • Net Operating Income $13,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,091

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.63
  • Inclusions: Any and all personal items left in, around and inside garage at close of escrow.
  • Price Per Unit: 100000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 0149154130000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters, Tile Counters, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Room Type: All Bedrooms Down, Living Room
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage Faces Front, On Site, Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 7150.00
  • Price Per Lot Square Foot: 31.61
  • Lot Size Acres: 0.1640

Multi Family

  • Gross Income: 20400.00
  • Gross Multiplier: 9.80
  • Gross Scheduled Income: 20400.00
  • Lot Size Area: 7150.0000 Square Feet
  • Net Operating Income: 13260.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6120.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Vacancy Allowance: 1020
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 2678.00
  • Tax Lot: 43
  • Tax Tract Number: 3529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2015
Closed on
May 20, 2015
Sold by
Selmer Herbert W
Bought by
Shriver Richard
Seller's Agent
Jim Trammell
TRUSTED REALTY ADVISORS
Buyer's Agent
Mishel DeVille
Premier Realty Associates
List Price
$200,000
Sold Price
$226,000
Premium/Discount to List
$26,000
13%
Current Estimated Value
$545,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,493
Avg. Annual Appreciation
8.92%
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
Shriver Richard $226,000 First American
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Sold $226,000 +13.0% $134 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $200,000 -- $119 / 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 $4,091 $271,618 $60,092 $211,526
2024 $4,091 $266,292 $58,914 $207,378
2023 $4,003 $261,071 $57,759 $203,312
2022 $3,983 $255,951 $56,626 $199,325
2021 $3,410 $250,933 $55,516 $195,417
2020 $3,954 $248,360 $54,947 $193,413
2019 $3,753 $243,491 $53,870 $189,621
2018 $3,381 $238,717 $52,814 $185,903
2017 $3,180 $234,036 $51,778 $182,258
2016 $3,084 $229,447 $50,763 $178,684
2015 $704 $52,896 $13,080 $39,816
2014 -- $51,860 $12,824 $39,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15091962

California Regional Multiple Listing Service (CRMLS)

APN: 0149-154-13