NOT LISTED FOR SALE

Estimated Value: $1,073,000 - $1,179,000

5 Beds
4 Baths
3,794 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $690,000 $182 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,808/month

196 Days on Market

Highlights

  • 6 Car Garage
  • Wall Furnace
  • 3-minute walk to Southwinds Park

About This Home

As of November 2017

This property has an excellent unit mix of 2-2+2 units and 1-3+2 unit. Alley access, enclosed garages, fireplaces. Pitched composite roof. Copper plumbing and new main per seller. Invest or prime candidate for owner occupied. Professionally managed. Solid occupancy history.

Last Agent to Sell the Property

Braemon Hanes

Hanes Investment Rlty License #01230427 Listed on: 04/05/2017

Last Buyer's Agent

Cristina Huizar

Best in Show Realty, Inc. License #01801147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,360

Year Built

  • Built in 1964

Lot Details

  • 6,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 3,794 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 104
  • Assessor Parcel Number 2220104125

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $936
  • Maintenance Expense $3,660
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,340
  • Operating Expense $17,976
  • Gross Income $49,800
  • Net Operating Income $34,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,360

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.02
  • Price Per Unit: 231667
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 2220104125
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 181.87

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 6000.00

Multi Family

  • Average2 Bed Area: 1160 Square Feet
  • Average3 Bed Area: 1290 Square Feet
  • Gross Income: 49800.00
  • Gross Multiplier: 12.80
  • Gross Operating Income: 53214.00
  • Gross Scheduled Income: 54300.00
  • Gross Spendable Income: 5897.00
  • Insurance Expense: 936.00
  • Maintenance Expense: 3660.00
  • Maintenance Percent: 7.50
  • Net Operating Income: 34907.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 18307.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 4150.00
  • Total Expenses: 17976.00
  • Vacancy Allowance: 1086
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 8340.00
  • Tax Census Tract: 45.06
  • Tax Lot: 12
  • Tax Tract Number: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Martinez Braulio and Martinez Aracely
Bought by
Martinez Braulio and Martinez Aracely
Total Days on Market
196
Current Estimated Value
$1,135,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Outstanding Balance
$485,768
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$650,004

Purchase Details

Listed on
Apr 5, 2017
Closed on
Oct 4, 2017
Sold by
Hill Jim and Hill Sandro Rosalie
Bought by
Martinez Braulino and Martinez Aracely
Seller's Agent
Braemon Hanes
Hanes Investment Rlty
Buyer's Agent
Cristina Huizar
Best in Show Realty, Inc.
List Price
$695,000
Sold Price
$690,000
Premium/Discount to List
-$5,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$552,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2012
Sold by
Hill Jim and Hill Sandro Roselie
Bought by
Hill Jim and Hill Sandro Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Hill James D and Hill Sandro Rosalie
Bought by
Hill Jim and Hill Sandro Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2005
Sold by
Hill Jim and Jim Hill Separate Property Tru
Bought by
Hill Jim and Hill Sandro Rosalie

Purchase Details

Closed on
Oct 9, 2003
Sold by
Hill James D
Bought by
Hill Jim and The Jim Hill Separate Property

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
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2001
Sold by
Hill Jim
Bought by
Hill Jim and Hill James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,848
Interest Rate
6.98%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 30, 1997
Sold by
Hill Marlene
Bought by
Hill Jim
Source: Public Records

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Range of Values:

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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
Martinez Braulio -- Pacific Coast Title Company
Martinez Braulino $690,000 Lawyers Title Company
Hill Jim -- Accommodation
Hill Jim -- Fidelity National Title Co
Hill Jim -- --
Hill James D -- First American Title Company
Hill Jim -- --
Hill Jim -- --
Hill James D -- First American Title Co
Hill James D -- First American Title Co
Hill Jim -- --
Hill Jim -- --
Hill Jim -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Braulio $543,000
Closed Martinez Braulino $552,000
Previous Owner Hill Jim $326,000
Previous Owner Hill James D $359,650
Previous Owner Hill James D $185,000
Previous Owner Hill James D $198,000
Previous Owner Hill Jim $195,000
Previous Owner Hill Jim $1,848
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2017 11/03/17 Sold $690,000 -0.7% $182 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $695,000 -- $183 / 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
2024 $9,360 $769,706 $446,208 $323,498
2023 $8,808 $754,614 $437,459 $317,155
2022 $8,626 $739,818 $428,881 $310,937
2021 $8,734 $725,312 $420,471 $304,841
2020 $8,895 $717,876 $416,160 $301,716
2019 $8,628 $703,800 $408,000 $295,800
2018 $8,309 $690,000 $400,000 $290,000
2017 $3,060 $254,290 $117,432 $136,858
2016 $2,915 $249,305 $115,130 $134,175
2015 $2,960 $245,561 $113,401 $132,160
2014 $2,907 $240,753 $111,181 $129,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17074292

California Regional Multiple Listing Service (CRMLS)

APN: 222-0-104-125