NOT LISTED FOR SALE

Estimated Value: $496,129 - $562,000

4 Beds
3 Baths
1,834 Sq Ft
$296/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $429,000 $234 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,338/month

24 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Hiking Trails
  • Fishing
  • No HOA
  • Living Room

About This Home

As of August 2021

GREAT OPPORTUNITY for investor or new home buyer to live in one unit and rent out other for income. Each unit has two bedrooms. Apt. A has one and three quarters baths, and Apt. B has one bath/sink and an extra bathroom sink outside the bath door. Units could use new flooring and paint. Cabinets need updating, and possibly a new roof. Low tax rate area. PRICED TO SELL!!!

The duplex shares a common front yard and separate, private backyards. Both units are rented month to month by long term tenants (Twenty and ten years, respectively). Property sold AS-IS with tenants in place at close of escrow. Buyer(s) and Buyer's Agent to verify all information re this property. Owner is licensed real estate agent.

Potentially great equity value - Fast growth & development - Centrally located area - Close to Shopping, Dining, Schools and Terrific Recreation by the Lake itself, and minutes from the entrance of the Ortega Hwy. Call today for a private showing.

Last Agent to Sell the Property

Ray Brasga

Golden Eagle Properties License #01892802 Listed on: 05/20/2021

Last Buyer's Agent

Donna Blanchard

Donna Blanchard, Broker License #01522011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,603

Year Built

  • Built in 1977

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Attached Carport
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Fixer Upper
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,834 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Access To Lake
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 65134
  • Assessor Parcel Number 387092044

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Community Lake
  • Near a National Forest
  • Foothills
  • Property is near a preserve or public land

Recreation

  • Fishing
  • Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $374
  • Water Sewer Expense $1,968
  • New Taxes Expense $1,578
  • Operating Expense $5,170
  • Net Operating Income $14,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,603

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1968.00
  • Zoning: R-3
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 387092044
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 233.91
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Asphalt, Garage - Single Door
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 374.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Fishing, Foothills, Hiking, Lake, Park, Watersports, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300
  • Latitude Manual: 33.66196500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 19885.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 14715.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 2342.00
  • Rent Control: No
  • Total Actual Rent: 1690.00
  • Total Expenses: 5170.00
  • Waterfront Features: Fishing in Community, Lake

Tax Info

  • New Taxes Expense: 1578.00
  • Tax Census Tract: 430.08
  • Tax Lot: 19
  • Tax Tract Number: 065134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jun 30, 2021
Sold by
Brasga Raymond C and Brasga Gayle J
Bought by
Garcia Jason L
Seller's Agent
Ray Brasga
Golden Eagle Properties
Buyer's Agent
Donna Blanchard
Donna Blanchard, Broker
List Price
$459,000
Sold Price
$429,000
Premium/Discount to List
-$30,000
-6.54%
Current Estimated Value
$543,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,282
Avg. Annual Appreciation
6.07%
Original Mortgage
$371,031
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 2016
Sold by
Brasga Raymond C and Brasga Gayle J
Bought by
The Brasga Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2015
Sold by
Brasga Raymond and Brasga Gayle
Bought by
Brasga Raymond C and Brasga Gayle J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2012
Sold by
Brasga Raymond
Bought by
Brasga Raymond and Brasga Gayle Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,288
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2012
Sold by
Brasga Raymond
Bought by
Brasga Raymond and Brasga Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,288
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2001
Sold by
Gonzalez Arthur
Bought by
Brasga Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,330
Interest Rate
8.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1996
Sold by
Cook Walter J
Bought by
Gonzalez Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
7.25%
Mortgage Type
Commercial
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
Garcia Jason L $429,000 Ticor Title Riverside
The Brasga Family Trust -- None Available
Brasga Raymond C -- First American Title Company
Brasga Raymond -- None Available
Brasga Raymond -- Service Link
Brasga Raymond $109,818 Orange Coast Title
Gonzalez Arthur $55,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Jason L $371,031
Previous Owner Brasga Raymond C $150,000
Previous Owner Brasga Raymond $75,288
Previous Owner Brasga Raymond C $100,000
Previous Owner Brasga Raymond $60,000
Previous Owner Brasga Raymond $97,700
Previous Owner Brasga Raymond $93,330
Previous Owner Gonzalez Arthur $38,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $429,000 -2.3% $234 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $439,000 -4.4% $239 / Sq Ft
05/20/2021 05/20/21 For Sale $459,000 -- $250 / 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 $4,603 $455,256 $90,202 $365,054
2023 $4,603 $437,580 $86,700 $350,880
2022 $4,455 $155,883 $49,682 $106,201
2021 $1,595 $152,827 $48,708 $104,119
2020 $1,579 $151,261 $48,209 $103,052
2019 $1,548 $148,296 $47,264 $101,032
2018 $1,518 $145,389 $46,339 $99,050
2017 $1,488 $142,539 $45,431 $97,108
2016 $1,433 $139,745 $44,541 $95,204
2015 $1,416 $137,648 $43,873 $93,775
2014 $1,373 $134,953 $43,014 $91,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21095319

California Regional Multiple Listing Service (CRMLS)

APN: 387-092-044