NOT LISTED FOR SALE

Estimated Value: $1,308,535

6 Beds
4 Baths
3,000 Sq Ft
$436/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $1,050,000 $350 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,100/month

80 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4-minute walk to Rose Park
  • Woodrow Wilson High School Rated A

About This Home

As of February 2021

4 Units mixed use income property features 1 Restaurant, 1 single house with 3 Bedroom 1 Bath and 1 duplex with 2 bedroom 2 Bath and 1 Bedroom 1 Bath. Great location. Great rent income. Great investment. 4 units address is 2801,2809,2817,2819.

Last Agent to Sell the Property

Alex Tsai

KO TAI REALTY License #01388164 Listed on: 09/16/2020

KO TAI REALTY

Last Buyer's Agent

Richard Huh

Rich Group Inc License #01391771

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,026 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • 3,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 7258001014

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,376
  • Water Sewer Expense $2,232
  • New Taxes Expense $8,573
  • Operating Expense $16,455
  • Gross Income $80,892
  • Net Operating Income $64,437

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.10
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2232.00
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7258001014
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 350.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5026.00
  • Lot Size Acres: 0.1154
  • Latitude Manual: 33.77909200

Multi Family

  • Gross Income: 80892.00
  • Gross Scheduled Income: 80892.00
  • Insurance Expense: 2376.00
  • Lot Size Area: 5026.0000 Square Feet
  • Net Operating Income: 64437.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16455.00
  • Rent Control: No
  • Total Actual Rent: 6741.00
  • Total Expenses: 16455.00

Tax Info

  • New Taxes Expense: 8573.00
  • Tax Census Tract: 5769.03
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Dec 19, 2020
Sold by
Xu Lijun and Xu Xueyun
Bought by
Oh Yukhwan and Joo Sunyi
Seller's Agent
Alex Tsai
KO TAI REALTY
Buyer's Agent
Richard Huh
Rich Group Inc
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$1,308,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,535
Avg. Annual Appreciation
4.49%

Purchase Details

Listed on
May 25, 2014
Closed on
Jan 2, 2015
Sold by
Agulrre Julio Juan and Aguirre Francisca
Bought by
Xu Lijun and Yang Xueyun
Seller's Agent
Alex Tsai
KO TAI REALTY
Buyer's Agent
Alex Tsai
KO TAI REALTY
List Price
$599,000
Sold Price
$579,000
Premium/Discount to List
-$20,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$377,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2005
Sold by
Fink Erica C
Bought by
Fink Jerome A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
5.73%
Mortgage Type
Commercial
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
Oh Yukhwan $1,050,000 Lawyers Title
Xu Lijun $579,000 Lawyers Title
Fink Jerome A -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Xu Lijun $377,000
Previous Owner Fink Jerome A $305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2021 02/05/21 Sold $1,050,000 0.0% $350 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $1,050,000 +81.3% $350 / Sq Ft
01/13/2015 01/13/15 Sold $579,000 -3.3% $193 / Sq Ft View Prior Sale
10/23/2014 10/23/14 Pending -- -- --
05/25/2014 05/25/14 For Sale $599,000 -- $200 / 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 $15,165 $1,136,552 $497,918 $638,634
2024 $15,165 $1,114,267 $488,155 $626,112
2023 $14,895 $1,092,420 $478,584 $613,836
2022 $13,992 $1,071,000 $469,200 $601,800
2021 $8,848 $642,871 $288,682 $354,189
2020 $8,826 $636,280 $285,722 $350,558
2019 $8,721 $623,805 $280,120 $343,685
2018 $8,426 $611,575 $274,628 $336,947
2016 $7,766 $587,829 $263,965 $323,864
2015 $6,918 $530,000 $353,400 $176,600
2014 $6,980 $530,000 $353,400 $176,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20191017

California Regional Multiple Listing Service (CRMLS)

APN: 7258-001-014