NOT LISTED FOR SALE

Estimated Value: $945,000 - $1,065,838

5 Beds
3 Baths
2,058 Sq Ft
$492/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $860,000 $418 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,276/month

15 Days on Market

Highlights

  • Laundry Room
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Central Heating and Cooling System
  • Front Yard

About This Home

As of January 2022

This duplex is that great investment opportunity you've been looking for! As you walk into the main home you will be greeted with lots of natural light and a beautiful fireplace. The main home features 3 bedrooms and 2 bathrooms. New flooring, new air conditioning unit, new electrical, new plumbing, recessed lighting, washer and dryer hookups, a renovated kitchen and bathrooms. Recently paved driveway, new roof was installed 5 years ago. The back house is BRAND NEW!! Less than 1 year old. This home features 2 bedrooms and 1 bath with a full kitchen and washer/dryer hookups. The long driveway offers plenty of parking for both homes. Easy Freeway access and a quick drive to downtown and the beaches. Don't let this amazing investment opportunity pass you by.

Last Agent to Sell the Property

Fabiola Garcia Hernandez

Century 21 Allstars License #01971900 Listed on: 12/01/2021

Century 21 Allstars

Co-Listed By

Liliana Castaneda

eXp Realty of Greater Los Angeles License #02072642

Last Buyer's Agent

Jenny Lee

Vylla Home, Inc. License #02057107

Vylla Home, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,436 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Interior Spaces

  • 2,058 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 13482
  • Assessor Parcel Number 7121014007
  • $409 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • Operating Expense $5,500
  • Gross Income $44,400
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7121014007
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 417.88

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 6436.00
  • Lot Size Acres: 0.1478

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6436.0000 Square Feet
  • Net Operating Income: 38400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 1700.00
  • Total Expenses: 5500.00

Tax Info

  • Tax Census Tract: 5702.04
  • Tax Lot: 8
  • Tax Tract Number: 13482
  • TaxOtherAnnualAssessmentAmount: 409.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Dec 20, 2021
Sold by
Lopez and Sheila
Bought by
Quach Darren Lac Sai
Seller's Agent
Fabiola Garcia Hernandez
Century 21 Allstars
Buyer's Agent
Jenny Lee
Vylla Home, Inc.
List Price
$870,000
Sold Price
$860,000
Premium/Discount to List
-$10,000
-1.15%
Current Estimated Value
$1,012,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,960
Avg. Annual Appreciation
4.26%
Original Mortgage
$622,500
Outstanding Balance
$573,375
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$439,585

Purchase Details

Closed on
Jan 28, 2003
Sold by
Rosefarm Investments Inc
Bought by
Lopez Wilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.5%

Purchase Details

Closed on
Sep 16, 2002
Sold by
Durden Hortense A and The Hortense A Durden Trust
Bought by
Rosefarm Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Quach Darren Lac Sai $910,000 Orange Coast Title
Lopez Wilberto $230,000 Lawyers Title Company
Rosefarm Investments Inc $125,000 Lawyers Title
Durden Hortense A -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quach Darren Lac Sai $622,500
Previous Owner Lopez Wilberto $184,000
Previous Owner Rosefarm Investments Inc $125,000
Closed Lopez Wilberto $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $860,000 -1.1% $418 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $870,000 -- $423 / 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 $11,619 $912,638 $689,785 $222,853
2024 $11,619 $894,744 $676,260 $218,484
2023 $12,061 $928,200 $714,000 $214,200
2022 $5,913 $462,301 $232,688 $229,613
2021 $5,778 $406,037 $228,126 $177,911
2019 $3,934 $298,604 $221,360 $77,244
2018 $3,766 $292,750 $217,020 $75,730
2016 $3,431 $281,385 $208,594 $72,791
2015 $3,295 $277,159 $205,461 $71,698
2014 $3,275 $271,731 $201,437 $70,294
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21257398

California Regional Multiple Listing Service (CRMLS)

APN: 7121-014-007