NOT LISTED FOR SALE

Estimated Value: $1,127,000 - $1,536,000

5 Beds
3 Baths
2,420 Sq Ft
$557/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $820,000 $339 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,995/month

7 Days on Market

Highlights

  • Mountain View
  • Main Floor Bedroom
  • No HOA
  • William Northrup Elementary School Rated A-
  • Granite Countertops
  • Double Pane Windows

About This Home

As of May 2016

Rare opportunity to purchase two homes on a single lot that show great pride of ownership. The front main house is a spacious two-story 3 bed, 2 bath home that has been remodeled throughout. The kitchen features beautiful maple cabinets, granite counters, travertine floors and stainless steel appliances including a built in microwave and gas range. There is a downstairs bedroom and bathroom that has also been beautifully remodeled. On the 2nd floor you will find 2 additional bedrooms and a full bathroom. One bedroom offers breath- taking mountain views. Other upgrades include dual panel windows and plantation shutters, insulation throughout house and concrete tile roof. The main house also includes a 2 car garage with laundry. As you go to the back you will find an adorable courtyard area that leads to the charming back house with 2 beds, 1 bath offering a remodeled kitchen, stainless steel appliances, inside laundry, laminate floors, and dual pane windows with plantation shutters. A large driveway and parking area that is suitable for an RV or trailer. Each home has its own electric and gas meters and they share a single water meter. Quiet neighborhood located within walking distance to Main St. where you will find amazing restaurants and shopping.

Last Agent to Sell the Property

Jeremiah Secrest

First Team Real Estate License #01784726 Listed on: 02/05/2016

First Team Real Estate

Co-Listed By

Duya Parr

Coldwell Banker Realty License #01983767

Last Buyer's Agent

Connie Kwon

America Realty Los Angeles License #01933583

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Southwest Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Concrete Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,420 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Mountain Views
  • Fire Sprinkler System

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 35
  • Tax Tract Number 1
  • Assessor Parcel Number 5344003005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $1,035
  • Water Sewer Expense $1,108
  • New Taxes Expense $10,022
  • Net Operating Income $47,464

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.94
  • Inclusions: All appliances in back house, range/oven in front house
  • Property Attached: No
  • Security: Fire Sprinkler System
  • View: Yes
  • Water Sewer Expenses: 1108.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5344003005
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Stone
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 338.84
  • Room Type: Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Raised
  • View: Mountain(s)
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Concrete
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: In Garage, Inside
  • Trash Expense: 1035.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 109.33
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 877
  • Average3 Bed Area: 1543
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 47464.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 5936.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10022.00
  • Tax Lot: 35
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
May 4, 2016
Sold by
Kwon Young Nam and Kwon Connie Jayoung
Bought by
Kwon Young Nam and Kwon Connie Jayoung
Seller's Agent
Jeremiah Secrest
First Team Real Estate
Buyer's Agent
Connie Kwon
America Realty Los Angeles
List Price
$799,000
Sold Price
$820,000
Premium/Discount to List
$21,000
2.63%
Current Estimated Value
$1,348,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,928
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Feb 17, 2016
Sold by
Herrera Richard and Herrera Jeanette
Bought by
Kwon Young Nam and Kwon Connie Jayoung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2012
Sold by
Herrera Richard and Herrera Jeanette
Bought by
Herrera Richard R and Herrera Jeanette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Kwon Young Nam -- Ticor Title Company Of Ca
Kwon Young Nam $820,000 Ticor Title Company
Herrera Richard R -- Ticor Title Company Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwon Young Nam $500,000
Previous Owner Herrera Richard R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $820,000 +2.6% $339 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $799,000 -- $330 / 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 $11,880 $970,706 $349,453 $621,253
2024 $11,880 $951,673 $342,601 $609,072
2023 $11,738 $933,014 $335,884 $597,130
2022 $11,172 $914,721 $329,299 $585,422
2021 $11,053 $896,787 $322,843 $573,944
2020 $10,994 $887,592 $319,533 $568,059
2019 $10,663 $870,189 $313,268 $556,921
2018 $10,653 $853,127 $307,126 $546,001
2016 $2,934 $215,140 $87,615 $127,525
2015 $2,893 $211,909 $86,299 $125,610
2014 $2,870 $207,759 $84,609 $123,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16024842

California Regional Multiple Listing Service (CRMLS)

APN: 5344-003-005