NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,480,701

7 Beds
7 Baths
3,042 Sq Ft
$441/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $890,000 $293 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,062/month

55 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Balcony
  • Laundry Room
  • Level Lot

About This Home

As of March 2018

Fabulous Opportunity to Own a Highly Desirable Income Property With a Total of 3 Units. The Front Unit, Offers 3 Ample Bedrooms and One Full Bathroom Completely Remodeled to Accentuate the Great Features. The Kitchen Has Brand New Wood White Cabinets, And Exquisite Quartz Countertops. All of The Interior Walls Have Been Textured and Freshly Painted, Brand New AC Wall Unit. With a Nice Size Front Yard and Back Patio With Direct Access to The Attached One Car Garage.
The Two Units in The Rear Are Two Stories Two Bedrooms and Two and Half Bathrooms Completely Independent. The Lower Levels Have Spacious And Inviting Living and Dining Room Areas With Good Size Kitchens! And Half Bathrooms. The Second Level Offers a Spacious Master Suites with a balconies. These Two Units Have Central AC, Heating And Direct Access to The Two Attached Car Garages. Walking Distance to Paramount Elementary School, Easy Access to The 210 Fwy, Shopping Centers, Great Dining And Much More. You don't want to miss out!

Last Agent to Sell the Property

Elena Felipe

Alta Realty Group CA, Inc. License #01722938 Listed on: 12/21/2017

Alta Realty Group CA, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,264 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Irregular Lot
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Split Level Home
  • Property Attached
  • Slab Foundation

Interior Spaces

  • 3,042 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities, gas
  • Tax Lot 154
  • Tax Tract Number 404302
  • Assessor Parcel Number 8613024018

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,000
  • New Taxes Expense $12,400
  • Operating Expense $14,400
  • Gross Income $56,400
  • Net Operating Income $53,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: AZR3C*
  • Property Type: Residential Income
  • Parcel Number: 8613024018
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 292.57
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999, Irregular Lot
  • Lot Size Sq Ft: 8264.00

Rental Info

  • Tenant Pays: All Utilities, Gas

Multi Family

  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 53400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 2750.00
  • Total Expenses: 14400.00

Tax Info

  • New Taxes Expense: 12400.00
  • Tax Census Tract: 4043.02
  • Tax Lot: 154
  • Tax Tract Number: 404302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2017
Closed on
Mar 1, 2018
Sold by
Rehmann Hortensia M and The Mercedes M Alvarez Revocab
Bought by
Giannoulis Tony C and Giannoulis Anna
Seller's Agent
Elena Felipe
Alta Realty Group CA, Inc.
List Price
$985,000
Sold Price
$890,000
Premium/Discount to List
-$95,000
-9.64%
Current Estimated Value
$1,342,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,675
Avg. Annual Appreciation
5.43%
Original Mortgage
$667,500
Outstanding Balance
$571,179
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$771,496

Purchase Details

Closed on
May 11, 2005
Sold by
Alvarez Mercedes M
Bought by
Alvarez Mercedes M and The Mercedes M Alvarez Revocab
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
Giannoulis Tony C $890,000 First American Title Company
Alvarez Mercedes M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giannoulis Tony C $667,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $890,000 -9.6% $293 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
12/21/2017 12/21/17 For Sale $985,000 -- $324 / 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 $12,576 $1,012,661 $606,460 $406,201
2024 $12,576 $992,806 $594,569 $398,237
2023 $12,243 $973,340 $582,911 $390,429
2022 $12,093 $954,256 $571,482 $382,774
2021 $11,788 $935,546 $560,277 $375,269
2020 $11,561 $925,955 $554,533 $371,422
2019 $11,397 $907,800 $543,660 $364,140
2018 $9,930 $806,000 $483,000 $323,000
2016 $3,205 $226,950 $19,034 $207,916
2015 $3,155 $133,743 $18,749 $114,994
2014 $2,030 $131,124 $18,382 $112,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17278820

California Regional Multiple Listing Service (CRMLS)

APN: 8613-024-018