NOT LISTED FOR SALE

Estimated Value: $553,000 - $793,287

4 Beds
4 Baths
1,792 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: January 11, 2016

Last sale price $460,000 $257 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,455 / mo

21 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Tile Flooring
  • Gated Parking
  • No HOA
  • Laundry Facilities

About This Home

As of January 2016

Excellent Investment Opportunity. Newly Remodeled and Updated Four Unit Building featuring 1 Bedroom 1 Bath each Unit. All Four Units are Rented with Three Long Term Tenants and One Section 8 Tenant. Pride Of Ownership. Great Building with Excellent Return and continued Rental Upside. Each Unit has it's very own meter with Tenants paying their own Gas, Electric and Trash. Owner pays for Water and Building Trash. Building Offers Plenty of Gated Parking. Conveniently located near public transportation, local retail, and near the 105. 110. & 10. Freeways. Buyer's to Complete their own due diligence. Property Being Sold in "As-Is" Condition. DO NOT DISTURB TENANTS. Contact Agent for Details.

Last Agent to Sell the Property

Ruben Estrada

Liberty Investment Group License #01239811 Listed on: 11/10/2015

Last Buyer's Agent

James Free

James Free Broker License #01435579

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 4,560 Sq Ft Lot
  • Lot Dimensions are 40 x 114
  • 1 Common Wall
  • Wrought Iron Fence
  • Chain Link Fence
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Contemporary Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,792 Sq Ft Home
  • 2-Story Property
  • Window Screens

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Parking Available
  • Private Parking
  • Driveway
  • Gated Parking
  • Uncovered Parking
  • Unassigned Parking

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 163
  • Tax Tract Number 5
  • Assessor Parcel Number 6012005043

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $505
  • Insurance Expense $1,186
  • Maintenance Expense $600
  • Other Expense $49
  • Water Sewer Expense $1,628
  • New Taxes Expense $1,997
  • Gross Income $3,331
  • Net Operating Income $34,011

Property Details

Home Type

Multi-Family

Year Built

Built in 1954 | Remodeled

Lot Details

4,560 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 7.47
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1628.00
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6012005043
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 256.70
  • Room Type: All Bedrooms Down, All Bedrooms Up
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gated, Private, Unassigned, Uncovered
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Level
  • Lot Size: 40 X 114
  • Lot Size Sq Ft: 4560.00
  • Price Per Lot Square Foot: 100.88
  • Lot Size Acres: 0.1050

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 505.00
  • Gross Income: 3331.00
  • Gross Multiplier: 11.38
  • Gross Scheduled Income: 39976.00
  • Insurance Expense: 1186.00
  • Lot Size Area: 4560.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 34011.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Operating Expense: 5916.00
  • Other Expense: 49.00
  • Other Expense Description: LA RENT
  • Rent Control: Yes
  • Total Actual Rent: 3331.00

Tax Info

  • New Taxes Expense: 1997.00
  • Tax Lot: 163
  • Tax Rate: 1.00
  • Tax Tract Number: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2023
Sold by
Bought by
Current Estimated Value
$704,822

Purchase Details

Closed on
Jul 8, 2016
Sold by
Bought by

Purchase Details

Listed on
Nov 10, 2015
Closed on
Jan 5, 2016
Sold by
Bought by
Seller's Agent
Ruben Estrada
Liberty Investment Group
Buyer's Agent
James Free
James Free Broker
List Price
$455,000
Sold Price
$460,000
Premium/Discount to List
$5,000
1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$345,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2015
Closed on
Dec 2, 2015
Sold by
Bought by
Seller's Agent
Ruben Estrada
Liberty Investment Group
Buyer's Agent
James Free
James Free Broker
List Price
$455,000
Sold Price
$460,000
Premium/Discount to List
$5,000
1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2015
Closed on
May 8, 2015
Sold by
Bought by
Seller's Agent
Lisa Dunn
Boardwalk Real Estate, Inc.
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$330,000
Sold Price
$315,000
Premium/Discount to List
-$15,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.49%
Original Mortgage
$236,250
Interest Rate
3.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Florence, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Available
-- Lawyers Title
$460,000 Lawyers Title
-- Lawyers Title
$315,000 Lawyers Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $345,000
Previous Owner $236,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2016 01/11/16 Sold $460,000 +1.1% $257 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $455,000 +44.4% $254 / Sq Ft
05/15/2015 05/15/15 Sold $315,000 -4.5% $176 / Sq Ft View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $330,000 -- $184 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,873 $544,541 $325,542 $218,999
2024 $6,783 $533,864 $319,159 $214,705
2023 $6,656 $523,397 $312,901 $210,496
2022 $6,352 $513,135 $306,766 $206,369
2021 $6,270 $503,074 $300,751 $202,323
2019 $6,087 $488,155 $291,832 $196,323
2018 $6,012 $478,584 $286,110 $192,474
2016 $4,069 $319,803 $79,189 $240,614
2015 $1,963 $143,111 $36,923 $106,188
2014 -- $140,308 $36,200 $104,108
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15243970

California Regional Multiple Listing Service (CRMLS)

APN: 6012-005-043

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