NOT LISTED FOR SALE

Estimated Value: $636,000 - $799,000

4 Beds
3 Baths
1,879 Sq Ft
$391/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $335,000 $178 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,418/month

48 Days on Market

Highlights

  • Private Pool
  • Carpet
  • Front Yard
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2016

High cash-flow income property with lots of recent upgrades. Owner put in brand new carpet throughout; electrical and plumbing upgrades completed recently in the front house: one bathroom in the front house completely renovated, partial kitchen upgrades; new tile and granite countertop in the rear unit.”

Last Agent to Sell the Property

Joyce Mack

Financial Solutions & Real Estate Network License #00946029 Listed on: 11/02/2015

Last Buyer's Agent

Hector Moreno

American Team Properties License #01199834

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 1923

Lot Details

  • 5,604 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,879 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Pool

  • Private Pool
  • No Permits for Pool

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 42
  • Tax Tract Number 1
  • Assessor Parcel Number 6031009025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Maintenance Expense $1,500
  • Professional Management Expense $1,843
  • Trash Expense $450
  • Water Sewer Expense $1,050
  • New Taxes Expense $4,350
  • Gross Income $3,071
  • Net Operating Income $2,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,017

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 8.13
  • Professional Management Expense: 1843.00
  • Property Attached: No
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Parcel Number: 6031009025
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 178.29

Exterior Features

  • Fencing: Chain Link
  • Pool Features: No Permits
  • Pool Private: Yes
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5604.00
  • Price Per Lot Square Foot: 59.78
  • Lot Size Acres: 0.1290

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3071.00
  • Gross Multiplier: 9.09
  • Gross Scheduled Income: 3071.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5604.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 2230.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 841.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4350.00
  • Tax Lot: 42
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2015
Closed on
Feb 2, 2016
Sold by
Ortega Francisco Salazar
Bought by
Esquivel Maura
Seller's Agent
Joyce Mack
Financial Solutions & Real Estate Network
Buyer's Agent
Hector Moreno
American Team Properties
List Price
$395,000
Sold Price
$335,000
Premium/Discount to List
-$60,000
-15.19%
Current Estimated Value
$735,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,609
Avg. Annual Appreciation
8.58%
Original Mortgage
$268,000
Outstanding Balance
$213,853
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$521,874

Purchase Details

Listed on
Nov 2, 2015
Closed on
Dec 28, 2015
Sold by
Yuan Yi and Lau Ho Yuen Grace
Bought by
Esquivel Maura
Seller's Agent
Joyce Mack
Financial Solutions & Real Estate Network
Buyer's Agent
Hector Moreno
American Team Properties
List Price
$395,000
Sold Price
$335,000
Premium/Discount to List
-$60,000
-15.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$213,853
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$521,874

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 11, 2014
Sold by
Haywood Alvanelle O
Bought by
Yuan Yi and Lau Ho Yuen Grace
Seller's Agent
Lanard Prince
Rodeo Realty
Buyer's Agent
Lanard Prince
Park Regency Realty
List Price
$199,999
Sold Price
$280,000
Premium/Discount to List
$80,001
40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.88%
Original Mortgage
$196,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2005
Sold by
Haywood Alvanelle
Bought by
Haywood Alvanelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 1996
Sold by
Haywood Roy J and Haywood Alvanelle
Bought by
Haywood Roy J and Haywood Alvanelle
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
Esquivel Maura -- None Available
Esquivel Maura $335,000 Fidelity National Title Co
Yuan Yi $280,000 Fidelity National Title Co
Haywood Alvanelle -- Stewart Title Guaranty
Haywood Roy J -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esquivel Maura $268,000
Previous Owner Yuan Yi $196,000
Previous Owner Haywood Alvanelle O $397,500
Previous Owner Haywood Alvanelle $296,000
Previous Owner Haywood Alvanelle $158,800
Previous Owner Haywood Roy J $79,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2016 02/11/16 Sold $335,000 -15.2% $178 / Sq Ft
12/20/2015 12/20/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $395,000 +41.1% $210 / Sq Ft
01/08/2015 01/08/15 Sold $280,000 +40.0% $149 / Sq Ft
01/02/2015 01/02/15 Pending -- -- --
11/07/2014 11/07/14 For Sale $199,999 -- $106 / 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 $5,017 $396,565 $201,242 $195,323
2024 $5,017 $388,791 $197,297 $191,494
2023 $4,924 $381,169 $193,429 $187,740
2022 $4,702 $373,696 $189,637 $184,059
2021 $4,638 $366,369 $185,919 $180,450
2020 $4,680 $362,613 $184,013 $178,600
2019 $4,503 $355,504 $180,405 $175,099
2018 $4,409 $348,534 $176,868 $171,666
2016 $3,596 $284,269 $192,897 $91,372
2015 $978 $70,839 $14,252 $56,587
2014 $994 $69,452 $13,973 $55,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15238436

California Regional Multiple Listing Service (CRMLS)

APN: 6031-009-025