NOT LISTED FOR SALE

Estimated Value: $1,219,000 - $1,444,000

8 Beds
7 Baths
3,608 Sq Ft
$380/Sq Ft Est. Value

Last Sold June 27, 2016

Last sale price $759,800 $211 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $8,558/month

29 Days on Market

Highlights

  • Primary Bedroom Suite
  • Gated Community
  • Granite Countertops
  • Holmes Elementary School Rated A-
  • Corner Lot
  • No HOA

About This Home

As of June 2016

Opportunity to add this unique 4 units building to your portfolio. Unit #4 had been rehab. Granite counter top in the kitchen, tile in the bathrooms, laminate & tile throughout for rehab unit #4. This property is situated close to Lakewood Mall, shops, restaurants, gym, and freeways.

Last Agent to Sell the Property

Dara Chay

Sky View Real Estate License #01217793 Listed on: 04/08/2016

Last Buyer's Agent

Carle Hallen

New Hope Realty, Inc. License #01893150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,841

Year Built

  • Built in 1978

Lot Details

  • 5,134 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage
  • On-Street Parking

Home Design

  • Property Attached
  • Interior Block Wall
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,608 Sq Ft Home
  • Double Pane Windows
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom Suite
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Assessments
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 36 / A
  • Tax Tract Number 7831
  • Assessor Parcel Number 7157008025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $450
  • Insurance Expense $1,650
  • Water Sewer Expense $5,200
  • New Taxes Expense $8,000
  • Gross Income $5,150
  • Net Operating Income $46,400

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,841

Year Built

Built in 1978

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Water Sewer Expenses: 5200.00
  • Property Type: Residential Income
  • Parcel Number: 7157008025
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls, Granite Counters, Copper Plumbing Partial
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Price Per Square Foot: 210.59
  • Room Type: Master Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5134.00
  • Price Per Lot Square Foot: 147.99

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 900
  • Average3 Bed Area: 1200
  • Electric Expense: 450.00
  • Gross Income: 5150.00
  • Gross Multiplier: 11.10
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 1650.00
  • Net Operating Income: 46400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15400.00
  • Rent Control: No
  • Total Actual Rent: 5150.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Block: A
  • Tax Lot: 36
  • Tax Tract Number: 7831

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jun 14, 2016
Sold by
Polon Maria Theresa N
Bought by
Bowers William
Seller's Agent
Dara Chay
Sky View Real Estate
Buyer's Agent
Carle Hallen
New Hope Realty, Inc.
List Price
$775,800
Sold Price
$759,800
Premium/Discount to List
-$16,000
-2.06%
Current Estimated Value
$1,370,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$610,934
Avg. Annual Appreciation
6.68%
Original Mortgage
$431,077
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jun 9, 2016
Sold by
Manestitaya Somboon
Bought by
Bowers William
Seller's Agent
Dara Chay
Sky View Real Estate
Buyer's Agent
Carle Hallen
New Hope Realty, Inc.
List Price
$775,800
Sold Price
$759,800
Premium/Discount to List
-$16,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,077
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2014
Closed on
Dec 11, 2014
Sold by
Lozoya Erik
Bought by
Manestitay Somboon and Manestitaya Borin
Seller's Agent
Lucia Ulloa
Excellence RE Real Estate
Buyer's Agent
Dara Chay
Sky View Real Estate
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$495,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2011
Sold by
Montes Lorena E
Bought by
Lozoya Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Arana Eduardo
Bought by
Montes Lorena E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,350
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac
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
Bowers William -- Chicago Title
Bowers William $760,000 Chicago Title
Manestitay Somboon $660,000 Fidelity National Title
Lozoya Erik $450,000 Cal Counties Title Company
Montes Lorena E $799,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowers William $840,000
Closed William Bowers $390,000
Closed Bowers William $431,077
Previous Owner Manestitay Somboon $495,000
Previous Owner Lozoya Erik $337,500
Previous Owner Montes Lorena E $654,000
Previous Owner Montes Lorena E $519,350
Previous Owner Arana Eduardo $231,000
Previous Owner Arana Eduardo $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2016 06/27/16 Sold $759,800 -2.1% $211 / Sq Ft
05/07/2016 05/07/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $775,800 +17.5% $215 / Sq Ft
12/18/2014 12/18/14 Sold $660,000 +1.5% $183 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $650,000 -- $180 / 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 $11,841 $899,442 $236,756 $662,686
2024 $11,841 $881,807 $232,114 $649,693
2023 $11,640 $864,517 $227,563 $636,954
2022 $10,936 $847,566 $223,101 $624,465
2021 $10,706 $830,948 $218,727 $612,221
2019 $10,554 $806,304 $212,241 $594,063
2018 $10,229 $790,495 $208,080 $582,415
2016 $8,365 $670,065 $203,050 $467,015
2015 $8,035 $660,000 $200,000 $460,000
2014 $5,876 $461,083 $215,172 $245,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16072786

California Regional Multiple Listing Service (CRMLS)

APN: 7157-008-025