NOT LISTED FOR SALE

Estimated Value: $1,376,000 - $1,668,000

4 Beds
2 Baths
1,584 Sq Ft
$980/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $1,450,000 $915 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,653/month

36 Days on Market

Highlights

  • Golf Course Community
  • Primary Bedroom Suite
  • Custom Home
  • McKinley Elementary School Rated A
  • Panoramic View
  • Open Floorplan

About This Home

As of November 2022

North Park Income Estate - 2 Units, 3rd Unit Fully Approved and Ready-To-Build! Unit 1 (1,250 sq ft), main house: 4bd/2ba. Unit 2 (334 sq ft): 1 bd/1ba studio w/ private entry. 3rd Unit (to be built), 2bd/2ba (Standard ADU, 881 Sqft), so there is enormous income potential to increase the size of the property to 2,462 sqft. Over 14-months of Design, Architecture, Engineering, and Pending Permits are Included ($110k). Massive July 2022 (30-Day) Vacation Rental Income: $25,302. Corner lot with 2 car extra wide garage and gated tandem parking (4 cars total). Everything NEW in 2020 with Electrical, Plumbing, Central AC, Roof, Landscaping, and Energy Efficient!

Last Agent to Sell the Property

Kara Peter

The Home Company License #02044812 Listed on: 08/25/2022

Last Buyer's Agent

Nicholas Coulter

EXP REALTY OF CALIFORNIA INC License #02178225

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,155

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • 4,293 Sq Ft Lot
  • No Common Walls
  • Southwest Facing Home
  • Security Fence
  • Wrought Iron Fence
  • Stucco Fence
  • Fence is in average condition
  • Landscaped
  • Corner Lot
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • 2 Attached Carport Spaces
  • Oversized Parking
  • Parking Available
  • Workshop in Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Panoramic
  • Neighborhood

Home Design

  • Custom Home
  • Contemporary Architecture
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,584 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Awning
  • Drapes & Rods
  • Sliding Doors
  • Great Room
  • Family Room
  • Living Room
  • Wood Flooring

Kitchen

  • Convection Oven
  • Gas Oven or Range
  • Built-In Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessibility Features
  • Doors swing in
  • Doors are 32 inches wide or more
  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Exterior Lighting
  • Gazebo
  • Separate Outdoor Workshop
  • Outdoor Grill

Location

  • Property is near a park
  • Urban Location
  • Suburban Location

Utilities

  • Ductless Heating Or Cooling System
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • 220 Volts in Garage
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 08001 / D/1
  • Tax Tract Number 1684
  • Assessor Parcel Number 4537813100

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,900
  • Fuel Expense $200
  • Furniture Replacement Expense $1,200
  • Insurance Expense $840
  • Maintenance Expense $2,600
  • Pest Control $250
  • Supplies Expense $880
  • Trash Expense $320
  • Water Sewer Expense $1,540
  • New Taxes Expense $17,200
  • Operating Expense $30,050
  • Gross Income $120,400
  • Net Operating Income $120,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,155

Year Built

Built in 1946 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 11.80
  • Price Per Unit: 750000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: North Park
  • Supplies Expense: 880.00
  • View: Yes
  • Water Sewer Expenses: 1540.00
  • Zoning: R-2: MULTIPLE
  • Architectural Style: Contemporary, Custom Built, Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 4537813100
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Furnished, Home Automation System, Open Floorplan, Stone Counters
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, Disability Features, Doors - Swing In, No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 915.40
  • Room Type: Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Double Pane Windows, Drapes

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Raised
  • Other Structures: Gazebo, Workshop
  • Exterior Features: Awning(s), Barbecue Private
  • View: Neighborhood, Panoramic
  • Fence: Yes
  • Fencing: Average Condition, Security, Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage - Two Door, Garage Door Opener, Oversized, Workshop in Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Disposal, Gas Cooking, Gas Oven, Gas Range, Gas Cooktop, High Efficiency Water Heater, Ice Maker, Microwave, Tankless Water Heater, Water Heater
  • Electric: 220 Volts in Garage, Electricity - On Property, Standard
  • Heating Type: Central, ENERGY STAR Qualified Equipment, High Efficiency, Ductless
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Pest Control Expense: 250.00
  • Trash Expense: 320.00
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Golf, Sidewalks, Storm Drains, Street Lights, Suburban, Urban, Biking, Dog Park, Hiking, Park

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Park Nearby
  • Lot Size Sq Ft: 4293.00
  • Lot Size Acres: 0.0986

Multi Family

  • Electric Expense: 4900.00
  • Fuel Expense: 200.00
  • Furniture Replacement Expense: 1200.00
  • Gross Income: 120400.00
  • Gross Operating Income: 159200.00
  • Gross Scheduled Income: 159200.00
  • Gross Spendable Income: 120400.00
  • Insurance Expense: 840.00
  • Lot Size Area: 4293.0000 Square Feet
  • Maintenance Expense: 2600.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 120400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 38800.00
  • Rent Control: No
  • Total Actual Rent: 159200.00
  • Total Expenses: 30050.00
  • Vacancy Allowance: 7500
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 17200.00
  • Tax Block: D/1
  • Tax Lot: 08001
  • Tax Tract Number: 001684

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Oct 12, 2022
Sold by
Airco Llc
Bought by
Coulter Nicholas and Coulter Evelyn
Seller's Agent
Kara Peter
The Home Company
Buyer's Agent
Nicholas Coulter
EXP REALTY OF CALIFORNIA INC
List Price
$1,650,000
Sold Price
$1,450,000
Premium/Discount to List
-$200,000
-12.12%
Views
84
Current Estimated Value
$1,552,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,138
Avg. Annual Appreciation
2.30%
Original Mortgage
$1,232,500
Outstanding Balance
$1,185,862
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$366,276

Purchase Details

Closed on
May 2, 2019
Sold by
Alba Ruiz Living Trust
Bought by
Airco Llc

Purchase Details

Closed on
Sep 4, 2015
Sold by
Quiroz Rafael Ruiz
Bought by
Ruiz Alba

Purchase Details

Closed on
Nov 12, 2008
Sold by
Ruiz Alba R
Bought by
Ruiz Alba R

Purchase Details

Closed on
Sep 23, 2008
Sold by
Quiroz Rafael Ruiz
Bought by
Ruiz Alba

Purchase Details

Closed on
Jan 22, 2003
Sold by
Ruiz Alba
Bought by
Ruiz Rafael and Ruiz Alba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,600
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 20, 1999
Sold by
Miller Robert E Living Trust 09-20-96
Bought by
Ruiz Alba

Purchase Details

Closed on
Sep 20, 1996
Sold by
Miller Robert E
Bought by
Miller Robert E
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
Coulter Nicholas $1,450,000 Fidelity National Title
Airco Llc -- Fidelity National Title Co
Ruiz Alba -- None Available
Ruiz Alba R -- None Available
Ruiz Alba -- Chicago Title Company
Ruiz Rafael -- American Title Ins Co
Ruiz Alba -- --
Miller Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coulter Nicholas $1,232,500
Previous Owner Ruiz Rafael $51,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2022 11/01/22 Sold $1,450,000 -12.1% $915 / Sq Ft
08/25/2022 08/25/22 For Sale $1,650,000 -- $1,042 / 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 $18,155 $1,508,580 $1,144,440 $364,140
2024 $18,155 $1,479,000 $1,122,000 $357,000
2023 $17,743 $1,450,000 $1,100,000 $350,000
2022 $7,094 $578,147 $473,030 $105,117
2021 $7,044 $566,811 $463,755 $103,056
2020 $6,958 $561,000 $459,000 $102,000
2019 $2,569 $203,759 $147,554 $56,205
2018 $2,404 $199,764 $144,661 $55,103
2017 $80 $195,848 $141,825 $54,023
2016 $2,308 $192,009 $139,045 $52,964
2015 $2,274 $189,126 $136,957 $52,169
2014 $2,239 $185,423 $134,275 $51,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2205718

California Regional Multiple Listing Service (CRMLS)

APN: 453-781-31