NOT LISTED FOR SALE

Estimated Value: $908,000 - $1,035,000

5 Beds
4 Baths
1,920 Sq Ft
$505/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $790,000 $411 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,023/month

32 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Neighborhood Views
  • Park
  • 4-minute walk to Ramona Park

About This Home

As of July 2021

GREAT INVESTMENT OPPORTUNITY!! Located on a lush, quiet residential street and within easy reach of the 91 Fwy and walking distance to Ramona Park featuring a playground, picnic tables, and sports courts. This duplex features a 2 bedroom 2 bath upstairs unit and a 3 bedroom (1 bedroom unpermitted) 2 bath unit downstairs. The downstairs was originally a 2 bedroom unit, but previous owners added a 3rd (unpermitted) bedroom into the garage which added approx 400sqft. Each unit boasts newer wood laminate and tile flooring. Newer roof and water heaters. Plenty of off-street parking with 2 single car garages in front with room for a car in front of each, and 2 large covered carports in the back for a total of at least 7 parking spaces. On-site laundry facilities and utility room. Long-time tenants willing to stay, but are currently on a month-to-month rental basis.
DRIVE-BY ONLY!! DO NOT APPROACH THE PROPERTY OR TENANTS!!!

Last Agent to Sell the Property

Brandice Presley

First Team Real Estate License #01928351 Listed on: 04/16/2021

First Team Real Estate

Co-Listed By

Deborah Matlow

First Team Real Estate License #01941699

Last Buyer's Agent

Whitney Spatz

eXp Realty of California Inc License #02060165

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 4,578 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 5 / B
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120005005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,480
  • Gross Income $56,496
  • Net Operating Income $38,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.40
  • Property Attached: Yes
  • View: Yes
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7120005005
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 411.46

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Concrete, Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 4578.00
  • Lot Size Acres: 0.1051

Multi Family

  • Gross Income: 56496.00
  • Gross Scheduled Income: 56496.00
  • Insurance Expense: 2480.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 95.00
  • Lot Size Area: 4578.0000 Square Feet
  • Net Operating Income: 38564.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 15107.00
  • Rent Control: No
  • Total Actual Rent: 4760.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5702.04
  • Tax Lot: 5
  • Tax Tract Number: 6807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2016
Closed on
Nov 14, 2016
Sold by
Chhay Sovanvicheth
Bought by
Chea Sophanarith
Seller's Agent
Somaly Khem
Realty Connection Group
Buyer's Agent
Somaly Khem
Realty Connection Group
List Price
$519,000
Sold Price
$524,000
Premium/Discount to List
$5,000
0.96%
Current Estimated Value
$969,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,529
Avg. Annual Appreciation
7.08%
Original Mortgage
$316,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2010
Sold by
Tae David
Bought by
Chhay Sovanvicheth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2010
Sold by
Us Bank National Association
Bought by
Tae David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2010
Sold by
Rivera Reyes
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 13, 2008
Sold by
Olivares Christopher Adrian
Bought by
Olivares Michelle

Purchase Details

Closed on
Aug 9, 2008
Sold by
Rivera Reyes
Bought by
Rivera Reyes and Cruz Jesus L

Purchase Details

Closed on
Jun 20, 2008
Sold by
Rivera Reyes
Bought by
Rivera Reyes and Cruz Jesus L

Purchase Details

Closed on
Apr 14, 2006
Sold by
Legoretta Maria
Bought by
Rivera Reyes and Legorreta Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2004
Sold by
Cruz Jesus
Bought by
Legorreta Maria and Rivera Reyes

Purchase Details

Closed on
Aug 3, 1999
Sold by
Wells Templeton
Bought by
Cruz Jesus and Rivera Diego

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,837
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 1997
Sold by
Wells Templeton
Bought by
Wells Templeton and Wells Barbara F
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
Chea Sophanarith $524,000 Lawyers Title
Chhay Sovanvicheth $320,000 Lsi Title Company
Tae David $275,500 Lsi Title Agency
Us Bank National Association $309,617 Accommodation
Olivares Michelle -- None Available
Rivera Reyes -- None Available
Rivera Reyes -- None Available
Rivera Reyes -- Ticor Title Co Glendale
Legorreta Maria -- Security Union Title
Cruz Jesus $175,000 North American Title Co
Wells Templeton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chea Sophanarith $316,000
Previous Owner Chhay Sovanvicheth $256,000
Previous Owner Rivera Reyes $300,000
Previous Owner Cruz Jesus $173,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2021 07/20/21 Sold $790,000 -1.2% $411 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $799,990 +52.7% $417 / Sq Ft
12/30/2016 12/30/16 Sold $524,000 -0.9% $273 / Sq Ft View Prior Sale
11/21/2016 11/21/16 Price Changed $529,000 +1.9% $276 / Sq Ft
11/14/2016 11/14/16 Pending -- -- --
10/16/2016 10/16/16 For Sale $519,000 -- $270 / 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 $11,326 $848,858 $371,422 $477,436
2024 $10,833 $832,215 $364,140 $468,075
2023 $10,653 $815,898 $357,000 $458,898
2022 $10,000 $799,900 $350,000 $449,900
2021 $7,154 $561,831 $321,660 $240,171
2020 $7,136 $556,471 $318,362 $238,109
2019 $7,053 $545,569 $312,120 $233,449
2018 $6,811 $534,880 $306,000 $228,880
2016 $4,246 $346,320 $183,982 $162,338
2015 $4,078 $341,119 $181,219 $159,900
2014 $4,055 $334,438 $177,670 $156,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21078261

California Regional Multiple Listing Service (CRMLS)

APN: 7120-005-005