NOT LISTED FOR SALE

Estimated Value: $2,592,000 - $3,046,000

4 Beds
2 Baths
1,904 Sq Ft
$1,496/Sq Ft Est. Value

Last Sold June 06, 2018

Last sale price $1,525,000 $801 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $16,953/month

18 Days on Market

Highlights

  • Lawn
  • No HOA
  • Level Lot
  • Newport Heights Elementary Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of June 2018

What an amazing opportunity to own a private duplex with no shared walls among the living areas. The garages separate the two units. The incredible property can be expanded, remodeled or be rebuilt. This R2 lot is huge, 9,818 sq.ft, with a front yard and an expansive back yard. Single story layout with each unit having 2 bedrooms and a bath with a one car garage. Exterior and interior recently painted. Updated laminate flooring. Perfect place for your family compound, owner/investor or a builder. Driveway adjoins 3211 Broad St. which is also for sale. In close proximity to Hoag Hospital, parks, Coast Hwy and Newport Blvd. Wonderful location for everyday living. Do not delay-Come take a look!

Last Agent to Sell the Property

Mike Vartanian

Legacy Real Estate License #00920875 Listed on: 03/12/2018

Co-Listed By

Gene Tsair

Legacy Real Estate License #01843673

Last Buyer's Agent

April D Palaferri

Coldwell Banker Realty License #01915149

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,621

Year Built

  • Built in 1966

Lot Details

  • 9,818 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,904 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 27
  • Assessor Parcel Number 42528309

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,183
  • Maintenance Expense $1,200
  • Water Sewer Expense $918
  • New Taxes Expense $17,041
  • Operating Expense $19,142
  • Net Operating Income $27,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,621

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 918.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42528309
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 800.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Level
  • Lot Size Sq Ft: 9818.00

Multi Family

  • Gross Scheduled Income: 44100.00
  • Insurance Expense: 1183.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 27288.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 16812.00
  • Rent Control: No
  • Total Expenses: 19142.00

Tax Info

  • New Taxes Expense: 17041.00
  • Tax Lot: 14
  • Tax Tract Number: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Vandermolen Louis A and Vandermolen Sally
Bought by
Vandermolen Louis A
Current Estimated Value
$2,848,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,000
Outstanding Balance
$472,095
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$2,431,244

Purchase Details

Closed on
Apr 4, 2018
Sold by
Montebello Development One Llc
Bought by
Molen Louis A Vander and Molen Sally Vander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2014
Closed on
Jun 4, 2014
Sold by
Moore Janet
Bought by
Montebello Developnent One Llc
Seller's Agent
John Veytia
Compass
Buyer's Agent
John Veytia
Compass
List Price
$1,199,000
Sold Price
$1,050,000
Premium/Discount to List
-$149,000
-12.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%

Purchase Details

Closed on
Apr 8, 2014
Sold by
Moore Janet and Irani Susan
Bought by
Moore Janet

Purchase Details

Closed on
Mar 7, 2014
Sold by
Rigdon David
Bought by
Irani Susan

Purchase Details

Closed on
May 12, 2004
Sold by
Jsj Management Co
Bought by
Irani Susan and Irani Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 1999
Sold by
Moore Janet and Moore Susan
Bought by
Jsj Management Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1998
Sold by
Irani Susan and Irani Jennifer
Bought by
Jsj Management Company
Source: Public Records

Range of Values:

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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
Vandermolen Louis A -- Consumers Title Co Of Ca Inc
Molen Louis A Vander $1,525,000 Chicago Title Co
Montebello Developnent One Llc $1,050,000 First American Title Company
Moore Janet $365,000 Accommodation
Irani Susan -- Accommodation
Irani Susan -- Accommodation
Irani Susan -- Fidelity National Title
Jsj Management Company -- --
Irani Susan -- Gateway Title Company
Jsj Management Company -- --
Irani Susan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vandermolen Louis A $537,000
Previous Owner Molen Louis A Vander $800,000
Previous Owner Montebello Development One Llc $525,000
Previous Owner Irani Susan $192,000
Previous Owner Irani Susan $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2018 06/06/18 Sold $1,525,000 -1.6% $801 / Sq Ft
03/12/2018 03/12/18 For Sale $1,550,000 +47.6% $814 / Sq Ft
06/16/2014 06/16/14 Sold $1,050,000 -12.4% $541 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $1,199,000 -- $618 / 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 $18,621 $1,735,188 $1,639,606 $95,582
2024 $18,621 $1,701,165 $1,607,457 $93,708
2023 $18,187 $1,667,809 $1,575,938 $91,871
2022 $17,859 $1,635,107 $1,545,037 $90,070
2021 $17,476 $1,603,047 $1,514,743 $88,304
2020 $17,309 $1,586,610 $1,499,211 $87,399
2019 $16,958 $1,555,500 $1,469,814 $85,686
2018 $12,486 $1,131,238 $1,044,503 $86,735
2017 $12,345 $1,109,057 $1,024,022 $85,035
2016 $12,071 $1,087,311 $1,003,943 $83,368
2015 $11,954 $1,070,979 $988,863 $82,116
2014 $1,487 $81,051 $36,581 $44,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18057356

California Regional Multiple Listing Service (CRMLS)

APN: 425-283-09