NOT LISTED FOR SALE

Estimated Value: $903,306 - $1,019,000

4 Beds
3 Baths
1,884 Sq Ft
$507/Sq Ft Est. Value

Last Sold December 17, 2014

Last sale price $485,500 $258 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $5,632/month

116 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Floor Furnace
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • 5-minute walk to Orizaba Park

About This Home

As of December 2014

This property offers an outstanding opportunity for the savvy investor. Front house would make a perfect owner-occupied home - it is a 2 BD, 1 BA, with formal Dining Room, laundry room and loads of original Craftsman details. Its one car garage is detached and it includes a two car driveway. A good sized yard between the front house and the two 1 BD, 1 BA units in the rear is presently open to all, but could be split for private yard areas for each unit. The one BD units have off street parking in the alley for 4+ cars in the rear of property and can access their units from the rear. Current rents have been raised to market. The same tenants have been in residence for 12 and 22 years. All units are a little "tired" but with a little TLC, all their Craftsman style can shine! Clearly, the upside potential for this property is big!! Show your savvy investors!

Last Agent to Sell the Property

Mary Nimocks

Sandpiper Properties License #00580178 Listed on: 09/10/2014

Last Buyer's Agent

Dara Chay

Sky View Real Estate License #01217793

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,488 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway
  • Off-Street Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,884 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 18
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260018006

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $2,025
  • Water Sewer Expense $1,300
  • New Taxes Expense $5,335
  • Gross Income $3,600
  • Net Operating Income $30,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 1300.00
  • Property Type: Residential Income
  • Parcel Number: 7260018006
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 257.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Off Street
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6488.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 440
  • Average2 Bed Area: 1000
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6488.0000 Square Feet
  • Maintenance Expense: 2025.00
  • Maintenance Percent: 4.70
  • Net Operating Income: 30240.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 12960.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 1800.00

Tax Info

  • New Taxes Expense: 5335.00
  • Tax Lot: 18
  • Tax Tract Number: 1577
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2014
Closed on
Dec 2, 2014
Sold by
Riley Peter A and Riley Peter
Bought by
Chay Boroth and Chay Sokho Robin
Seller's Agent
Mary Nimocks
Sandpiper Properties
Buyer's Agent
Dara Chay
Sky View Real Estate
List Price
$485,000
Sold Price
$485,500
Premium/Discount to List
$500
0.1%
Current Estimated Value
$954,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,827
Avg. Annual Appreciation
6.30%
Original Mortgage
$264,600
Outstanding Balance
$211,261
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$743,066

Purchase Details

Listed on
Sep 10, 2014
Closed on
Oct 28, 2014
Sold by
Gil Antonio R
Bought by
Riley Peter A
Seller's Agent
Mary Nimocks
Sandpiper Properties
Buyer's Agent
Dara Chay
Sky View Real Estate
List Price
$485,000
Sold Price
$485,500
Premium/Discount to List
$500
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,600
Outstanding Balance
$211,261
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$743,066
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chay Boroth $485,500 Western Resources Title Co
Riley Peter A -- Western Resources Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chay Boroth $264,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2014 12/17/14 Sold $485,500 +0.1% $258 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
06/12/2014 06/12/14 For Sale $485,000 -- $257 / 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 $7,766 $583,488 $360,551 $222,937
2024 $7,766 $572,048 $353,482 $218,566
2023 $7,633 $560,832 $346,551 $214,281
2022 $7,175 $549,836 $339,756 $210,080
2021 $7,027 $539,056 $333,095 $205,961
2020 $7,009 $533,530 $329,680 $203,850
2019 $6,927 $523,069 $323,216 $199,853
2018 $6,675 $512,814 $316,879 $195,935
2016 $6,144 $492,903 $304,575 $188,328
2015 $5,901 $485,500 $300,000 $185,500
2014 $3,136 $235,530 $58,954 $176,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14124687

California Regional Multiple Listing Service (CRMLS)

APN: 7260-018-006