NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,057,000

4 Beds
3 Baths
1,964 Sq Ft
$521/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $975,000 $496 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,704/month

27 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 1-Story Property
  • Woodrow Wilson High School Rated A
  • Rectangular Lot
  • 4-minute walk to Orizaba Park

About This Home

As of October 2024

Two homes on a lot plus a brand new 1bd/1bth ADU unit, 3 separate structures. The property is on a large 6,502 SF lot and is comprised of a Spanish style 2bd/1bth home, 1bd/1bth home in rear, and new 1bd/1bth ADU unit. Both the front 2bd/1bth home and rear 1bd/1bth house are currently rented, and eligible for 8.9% rent increases, bringing their rents to $2,130 and $1,535, new ADU unit currently vacant but market rent should be $1,795-$1,895. The home features beautiful hardwood, granite counter tops, and lots of classic charm. The brand new all electric ADU unit features new Milgard Tuscany windows, vinyl plank flooring, custom bathroom with tile surround, spacious bedroom with mini split HVAC. There is ample outdoor space for all the units. Large yard behind the front house, and another large yard behind both the 1bd/1bth house and 1bd/1bth ADU unit. New 400 amp 3 gang panel. This is a great opportunity for Investor or Owner Occupant. Located around the corner from Compound LB (art gallery and restaurant).

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 08/14/2024

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 08/14/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 6,502 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Lawn

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3629
  • Assessor Parcel Number 7259026008
  • $598 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Eastside Subdivision

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,265
  • Net Operating Income $63,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7259026008
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 496.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1493

Multi Family

  • Gross Income: 5265.00
  • Gross Scheduled Income: 63180.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 63180.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 3370.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 7
  • Tax Tract Number: 3629
  • TaxOtherAnnualAssessmentAmount: 598.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 30, 2024
Sold by
Mammothstream Exchange Company Llc
Bought by
Pabst Christina M
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,149,000
Sold Price
$975,000
Premium/Discount to List
-$174,000
-15.14%
Views
38
Current Estimated Value
$1,022,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,889
Avg. Annual Appreciation
4.04%
Original Mortgage
$500,000
Outstanding Balance
$494,852
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$528,037

Purchase Details

Closed on
Apr 10, 2024
Sold by
Pabst Investment Partners Llc
Bought by
Mammothstream Exchange Company Llc

Purchase Details

Closed on
Dec 31, 2009
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst Investment Partners Llc

Purchase Details

Closed on
Apr 7, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Pabst George H and Pabst Kristie Kinney

Purchase Details

Closed on
Feb 23, 2009
Sold by
Rivera Dora S
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 13, 2008
Sold by
Rivera Heriberto
Bought by
Rivera Dora S

Purchase Details

Closed on
Mar 22, 2007
Sold by
Rivera Dora S
Bought by
Rivas Gustavo Adolfo and Rivas Beatriz Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 7, 2007
Sold by
Rivera Heriberto
Bought by
Rivera Dora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 1, 2007
Sold by
Adams Lance and Loos Mark
Bought by
Rivera Dora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 24, 2003
Sold by
Ali Victor
Bought by
Adams Lance and Loos Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Ali Linda
Bought by
Ali Victor

Purchase Details

Closed on
Aug 19, 2002
Sold by
Sanchez Edward M
Bought by
Ali Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.95%

Purchase Details

Closed on
Mar 10, 1995
Sold by
Federal National Mortgage Association
Bought by
Sanchez Edward M

Purchase Details

Closed on
Dec 14, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 28, 1994
Sold by
Hickman Timothy G and Hickman Michele M
Bought by
Home Svgs Of America Fsb
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
Pabst Christina M $975,000 Fidelity National Title
Mammothstream Exchange Company Llc -- None Listed On Document
Pabst Investment Partners Llc -- None Available
Pabst George H $225,500 First American Title Company
Deutsche Bank National Trust Company $317,020 None Available
Rivera Dora S -- None Available
Rivera Dora S -- None Available
Rivas Gustavo Adolfo -- None Available
Rivera Dora S -- Ticor Title Company
Rivera Dora S $550,000 Ticor Title Company
Adams Lance $350,000 North American Title Co
Ali Victor -- Chicago Title Co
Ali Victor $225,000 Chicago Title Co
Sanchez Edward M $112,000 First American Title Co
Federal National Mortgage Association -- --
Home Svgs Of America Fsb $177,036 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pabst Christina M $500,000
Previous Owner Rivera Dora S $137,500
Previous Owner Rivera Dora S $412,500
Previous Owner Adams Lance $280,000
Previous Owner Ali Victor $202,500
Closed Adams Lance $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $975,000 -4.9% $496 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,025,000 -4.7% $522 / Sq Ft
08/26/2024 08/26/24 Price Changed $1,075,000 -6.4% $547 / Sq Ft
08/14/2024 08/14/24 For Sale $1,149,000 -- $585 / 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 $4,141 $975,000 $700,000 $275,000
2024 $4,141 $284,304 $189,623 $94,681
2023 $4,067 $278,730 $185,905 $92,825
2022 $3,830 $273,265 $182,260 $91,005
2021 $3,638 $267,908 $178,687 $89,221
2020 $3,629 $265,162 $176,855 $88,307
2019 $3,587 $259,964 $173,388 $86,576
2018 $3,420 $254,868 $169,989 $84,879
2016 $3,145 $244,973 $163,389 $81,584
2015 $3,023 $241,294 $160,935 $80,359
2014 $3,013 $236,568 $157,783 $78,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24167088

California Regional Multiple Listing Service (CRMLS)

APN: 7259-026-008