NOT LISTED FOR SALE

2616 Sycamore Dr La Verne, CA 91750

Old Town Neighborhood

Estimated Value: $981,000 - $1,214,000

5 Beds
4 Baths
2,245 Sq Ft
$469/Sq Ft Est. Value

Last Sold August 09, 2018

Last sale price $751,000 $335 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,509/month

23 Days on Market

Highlights

  • Laundry Room
  • Central Air
  • Back Yard
  • J. Marion Roynon Elementary School Rated A-

About This Home

As of August 2018

This great property is composed of 2 units; 1 unit features 3 bedrooms, 2 baths and a spacious backyard, and the other unit has 2 bedrooms, 2 bathrooms and sizable front patio area. Each unit has its own 2-car garage. Within close proximity to La Verne Town Center, restaurants, entertainment and parks. These units are a great investment for a first-time investor or a seasoned investor seeking solid returns. Buyer to complete their own due diligence in regards to all aspects of the property.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 07/05/2018

CENTURY 21 MASTERS

Co-Listed By

Robert Cofer

CENTURY 21 MASTERS License #01947262

Last Buyer's Agent

Mary Ann Petrovich

HomeSmart, Evergreen Realty License #00608848

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,846

Year Built

  • Built in 1977

Lot Details

  • 9,728 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • 2,245 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 31477
  • Assessor Parcel Number 8370039030

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $960
  • Maintenance Expense $1,500
  • Trash Expense $150
  • Water Sewer Expense $150
  • New Taxes Expense $8,700
  • Operating Expense $12,300
  • Gross Income $43,200
  • Net Operating Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,846

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.26
  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: LVPR7A*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8370039030
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 334.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Unknown
  • Trash Expense: 150.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9728.00

Multi Family

  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 960.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 30900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 12300.00
  • Rent Control: No
  • Total Actual Rent: 775.00
  • Total Expenses: 12300.00

Tax Info

  • New Taxes Expense: 8700.00
  • Tax Census Tract: 4016.02
  • Tax Lot: 18
  • Tax Tract Number: 31477

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2020
Sold by
Wolf James
Bought by
Wolf James and James Wolf Trust
Current Estimated Value
$1,038,898

Purchase Details

Listed on
Jul 5, 2018
Closed on
Jul 16, 2018
Sold by
Thompson William
Bought by
Wolf James
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Mary Ann Petrovich
HomeSmart, Evergreen Realty
List Price
$725,000
Sold Price
$751,000
Premium/Discount to List
$26,000
3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$563,250
Outstanding Balance
$490,176
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$561,888
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wolf James -- None Available
Wolf James $751,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolf James $563,250
Previous Owner Thompson William $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2018 08/09/18 Sold $751,000 0.0% $335 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
07/11/2018 07/11/18 Off Market $751,000 -- --
06/19/2018 06/19/18 For Sale $725,000 -- $323 / 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 $9,846 $837,749 $557,756 $279,993
2024 $9,846 $821,323 $546,820 $274,503
2023 $9,628 $805,220 $536,099 $269,121
2022 $9,473 $789,433 $525,588 $263,845
2021 $9,297 $773,955 $515,283 $258,672
2019 $9,116 $751,000 $500,000 $251,000
2018 $4,567 $369,406 $146,770 $222,636
2016 $4,387 $355,064 $141,072 $213,992
2015 $4,316 $349,731 $138,953 $210,778
2014 $4,281 $342,882 $136,232 $206,650
Source: Public Records

Agents Affiliated with this Home

  • The Mark and Al Team

    Seller's Agent in 2018

    The Mark and Al Team

    CENTURY 21 MASTERS

    (626) 335-6000

    11 in this area

    324 Total Sales

    Section Image
  • Robert Cofer

    Seller Co-Listing Agent in 2018

    Robert Cofer

    CENTURY 21 MASTERS

    (626) 335-6000

    8 in this area

    143 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Mary Ann Petrovich

    HomeSmart, Evergreen Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18161002

California Regional Multiple Listing Service (CRMLS)

APN: 8370-039-030

California Los Angeles County La Verne 91750 Old Town

2616 Sycamore Dr, La Verne, CA

This home is located at 2616 Sycamore Dr, La Verne, CA 91750 since 05 July 2018 and is currently estimated at $1,052,064, approximately $468 per square foot. This property was built in 1977. 2616 Sycamore 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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