NOT LISTED FOR SALE

Estimated Value: $496,000 - $671,000

6 Beds
3 Baths
2,016 Sq Ft
$285/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $530,000 $263 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,683/month

49 Days on Market

Highlights

  • No HOA
  • Living Room
  • Tile Flooring
  • Two Homes on a Lot
  • Laundry Room
  • 3-minute walk to Highland Community Park

About This Home

As of December 2021

Two houses on a lot. Front house is a 4 BD / 1.5 BA with approximately 1,316 SqFt of living area. The rear house is a 2 BD / 1 BA with approximately 700 SqFt of living area. Both homes are connected to their own septic tank which have been properly maintained over the years. Each home has it's own address (Front home is 26886 and rear home is 26888) though title shows only 26888 Cypress Street. The back unit (26888) has recently been remodeled. The updates include: New kitchen cabinets, sink, stove, and microwave. New bathroom fixtures, including vanity and medicine cabinet with mirror. New paint and flooring throughout. Both bedrooms have new wall A/C units. The homes are conveniently located across the street from Cypress Elementary, close to Highland Community Park, the YMCA, shopping centers and freeways.

Last Agent to Sell the Property

Alex Llamas

Seven Gables Real Estate License #01947540 Listed on: 09/09/2021

Seven Gables Real Estate

Last Buyer's Agent

Eva Garcia

Realty Masters & Associates License #01364559

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,718

Year Built

  • Built in 1958

Lot Details

  • 9,900 Sq Ft Lot
  • Lot Dimensions are 90'x110'x90'x110'
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Conventional Septic
  • Phone Available

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 21
  • Tax Tract Number 76
  • Assessor Parcel Number 1192401300000
  • $590 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Maintenance Expense $2,800
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,574
  • Operating Expense $13,394
  • Gross Income $27,840
  • Net Operating Income $14,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,718

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Window A/C Units
  • Price Per Unit: 259500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1192401300000
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 262.90
  • Room Type: Kitchen, Laundry, Living Room, Master Bedroom

Exterior Features

  • Foundation: Pillar/Post/Pier, Slab
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Drywall Walls, Glass

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gravel, Unpaved, Off Street, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Conventional Septic
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 90'x110'x90'x110'
  • Lot Size Sq Ft: 9900.00
  • Lot Size Acres: 0.2273

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 27840.00
  • Gross Scheduled Income: 27840.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 9900.0000 Square Feet
  • Maintenance Expense: 2800.00
  • Net Operating Income: 14521.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 3
  • Number With Range: 2
  • Operating Expense: 13319.00
  • Rent Control: Yes
  • Total Expenses: 13394.00
  • Vacancy Allowance: 1392
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7574.00
  • Tax Census Tract: 76.03
  • Tax Lot: 21
  • Tax Tract Number: 76.03
  • TaxOtherAnnualAssessmentAmount: 590.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Nov 11, 2021
Sold by
Eastin Jack Cao
Bought by
Ramirez Juan L and Ramirez Juan D
Seller's Agent
Alex Llamas
Seven Gables Real Estate
Buyer's Agent
Eva Garcia
Realty Masters & Associates
List Price
$519,000
Sold Price
$530,000
Premium/Discount to List
$11,000
2.12%
Current Estimated Value
$555,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,299
Avg. Annual Appreciation
1.47%
Original Mortgage
$520,400
Interest Rate
2.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2009
Sold by
Eastin Judy Nguyen
Bought by
Eastin Jack Cao

Purchase Details

Closed on
Apr 3, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Apr 2, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Eastin Jack Cao

Purchase Details

Closed on
Jul 16, 2008
Sold by
Castro Lilianet
Bought by
Washington Mutual Bank

Purchase Details

Closed on
Mar 6, 2006
Sold by
Castro Lilianet and Long Gary
Bought by
Castro Lilianet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
1%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 16, 2005
Sold by
Castro Lilianet
Bought by
Castro Lilianet and Long Gary

Purchase Details

Closed on
Feb 15, 2005
Sold by
Sharpe Jean
Bought by
Castro Lilianet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2004
Sold by
Sharpe Alexander M
Bought by
Sharpe Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2000
Sold by
Brewer Edward H
Bought by
Sharpe Alexander M and Sharpe Jean R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,100
Interest Rate
8.22%
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
Ramirez Juan L $530,000 First Amer Ttl Co Res Div
Eastin Jack Cao -- Servicelink
Jpmorgan Chase Bank National Association -- Servicelink
Eastin Jack Cao $135,000 Servicelink
Washington Mutual Bank $225,000 Fnt
Castro Lilianet -- American
Castro Lilianet -- --
Castro Lilianet $270,000 Commerce Title Company
Sharpe Jean -- Diversified Title Ins Co
Sharpe Alexander M $115,000 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Juan L $520,400
Previous Owner Castro Lilianet $336,000
Previous Owner Castro Lilianet $216,000
Previous Owner Sharpe Jean $135,000
Previous Owner Sharpe Alexander M $112,000
Previous Owner Sharpe Alexander M $107,100
Closed Sharpe Alexander M $5,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $530,000 +2.1% $263 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $519,000 -- $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 $7,718 $562,440 $111,427 $451,013
2024 $7,718 $551,412 $109,242 $442,170
2023 $7,548 $540,600 $107,100 $433,500
2022 $3,046 $530,000 $105,000 $425,000
2021 $2,965 $169,554 $41,641 $127,913
2020 $2,268 $167,815 $41,214 $126,601
2019 $2,199 $164,525 $40,406 $124,119
2018 $2,174 $161,299 $39,614 $121,685
2017 $2,109 $158,136 $38,837 $119,299
2016 $2,047 $155,035 $38,075 $116,960
2015 $2,085 $152,706 $37,503 $115,203
2014 $2,029 $149,714 $36,768 $112,946
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21198357

California Regional Multiple Listing Service (CRMLS)

APN: 1192-401-30