NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,192,000

3 Beds
3 Baths
1,370 Sq Ft
$814/Sq Ft Est. Value

Sale Details

Date Sold: April 22, 2019

Last sale price $850,000 $620 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,865 / mo

128 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Air
  • Delevan Drive Elementary School Rated A-
  • Foothills
  • Turnkey

About This Home

As of April 2019

If you are looking for a fully updated and remodeled investment property in the Hot Eagle Rock area, oh and did I mention that the property is VACANT so you don't have to deal with rent control holdings you back, then look no more. This property is ideal for an investor looking to add to their portfolio or an owner occupant looking to supplement their mortgage. This property consist of two units, the front unit is a 2 bedroom/ 2 bath unit and the back mother in laws unit is 1 bedroom/ 1 bath unit that have both been updated from top to bottom and has all the amenities you could want in rental units. Both units boost new engineered hardwood floors, double pane windows, individual air conditioning units, laundry room, new custom kitchens with Quartz counter tops, as well as 3 new fully remodeled bathrooms w/ Quartz counter tops as well. This home is eligible to build an ADU unit in the empty backyard area that would only allow you to generate more income and you would have 3 on the lot!! There is no property in the area that can boost these types of amenities which will allow you to get top dollar in rent so hurry up and act now on this property before its too late.

Last Agent to Sell the Property

Albert Garcia

Beach Cities Properties Inc. License #01955460 Listed on: 10/31/2018

Last Buyer's Agent

Champagne Mora

Keller Williams Realty License #01271524

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 6,084 Sq Ft Lot
  • 1 Common Wall
  • Drip System Landscaping
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 1,370 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5943
  • Assessor Parcel Number 5473016006

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Foothills

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $936
  • Trash Expense $75
  • Water Sewer Expense $75
  • New Taxes Expense $2,600
  • Operating Expense $3,800
  • Gross Income $55,000
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1938 | Remodeled

Lot Details

6,084 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 75.00
  • Zoning: LAR1
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5473016006
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 620.44

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Sprinklers Drip System
  • Lot Size Sq Ft: 6084.00
  • Lot Size Acres: 0.1397

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 55000.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 936.00
  • Lot Size Area: 6084.0000 Square Feet
  • Net Operating Income: 55000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 7400.00
  • Rent Control: Yes
  • Total Actual Rent: 62400.00
  • Total Expenses: 3800.00

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Census Tract: 1861.00
  • Tax Lot: 6
  • Tax Tract Number: 5943

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Paraiso Sunga Melanie
Bought by
Paraiso Sunga Melanie and Olsen Jeremy L
Current Estimated Value
$1,115,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$216,495
Interest Rate
7.19%
Mortgage Type
Credit Line Revolving
Estimated Equity
$898,629

Purchase Details

Listed on
Oct 31, 2018
Closed on
Mar 21, 2019
Sold by
First Eucalyptus Properties Llc
Bought by
Sunga Melanie Paraiso
Seller's Agent
Albert Garcia
Beach Cities Properties Inc.
Buyer's Agent
Champagne Mora
Keller Williams Realty
List Price
$859,000
Sold Price
$850,000
Premium/Discount to List
-$9,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$680,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2018
Closed on
Apr 23, 2018
Sold by
Holguin Steven R
Bought by
Holguin Loumielyn Devera
Seller's Agent
May Arroyo
Premier Properties Realty Prof
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$639,000
Sold Price
$628,500
Premium/Discount to List
-$10,500
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.66%
Original Mortgage
$502,800
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 12, 2018
Closed on
Apr 18, 2018
Sold by
Devera Melody
Bought by
First Eucalyptus Properties Llc
Seller's Agent
May Arroyo
Premier Properties Realty Prof
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$639,000
Sold Price
$628,500
Premium/Discount to List
-$10,500
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,800
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2002
Sold by
Dizon Eduardo N and Dizon Erlina S
Bought by
Devera Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,700
Interest Rate
5.51%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paraiso Sunga Melanie -- Old Republic Title Company
Sunga Melanie Paraiso $850,000 Ticor Title Company
Holguin Loumielyn Devera -- Orange Coast Title
First Eucalyptus Properties Llc $628,500 Orange Coast Title Company
Devera Melody $300,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paraiso Sunga Melanie $250,000
Previous Owner Sunga Melanie Paraiso $680,000
Previous Owner Sunga Melanie Paraiso $84,915
Previous Owner Holguin Loumielyn Devera $502,800
Previous Owner First Eucalyptus Properties Llc $502,800
Previous Owner Devera Melody $269,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2019 04/22/19 Sold $850,000 0.0% $620 / Sq Ft
04/22/2019 04/22/19 Sold $850,000 +0.4% $620 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Price Changed $847,000 0.0% $618 / Sq Ft
01/15/2019 01/15/19 Price Changed $847,000 -0.8% $618 / Sq Ft
01/07/2019 01/07/19 Price Changed $854,000 0.0% $623 / Sq Ft
01/07/2019 01/07/19 Price Changed $854,000 -0.6% $623 / Sq Ft
11/05/2018 11/05/18 Price Changed $859,000 0.0% $627 / Sq Ft
10/31/2018 10/31/18 For Sale $859,000 -1.0% $627 / Sq Ft
10/02/2018 10/02/18 Price Changed $868,000 -0.7% $634 / Sq Ft
09/18/2018 09/18/18 Price Changed $874,000 -0.6% $638 / Sq Ft
08/23/2018 08/23/18 For Sale $879,000 +39.9% $642 / Sq Ft
04/26/2018 04/26/18 Sold $628,500 -1.6% $459 / Sq Ft View Prior Sale
04/09/2018 04/09/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $639,000 -- $466 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,432 $948,186 $709,244 $238,942
2024 $11,432 $929,595 $695,338 $234,257
2023 $11,211 $911,368 $681,704 $229,664
2022 $10,688 $893,499 $668,338 $225,161
2021 $10,558 $875,981 $655,234 $220,747
2019 $2,499 $641,070 $512,856 $128,214
2018 $4,731 $381,854 $292,760 $89,094
2016 $4,514 $367,029 $281,393 $85,636
2015 $4,449 $361,517 $277,167 $84,350
2014 $4,470 $354,436 $271,738 $82,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18263260

California Regional Multiple Listing Service (CRMLS)

APN: 5473-016-006

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