NOT LISTED FOR SALE

Estimated Value: $839,000 - $1,169,120

5 Beds
2 Baths
1,699 Sq Ft
$573/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $720,000 $424 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,957/month

120 Days on Market

Highlights

  • Laundry Room
  • Abraham Lincoln High School Rated A
  • Level Lot

About This Home

As of October 2021

Live in One Unit and Rent out the other!  One unit delivered vacant!  Located in Cypress Park / Glassell Park, this duplex is within close proximity to the Freeways, local eateries, shopping, and the Cypress Park Library.  Detached 1 car garage is being used by the current tenant in place.  Seller will not vacate the tenant, it will be delivered occupied with a lease in place that expires June 6, 2022.  Current lease amount is $964 and it is a 3bed/1bath 939 sq ft Built in 1914 The Vacant unit is a 2bed/1bath 760 sq ft built in 1922 (detached units) 1 car garage was rebuilt in the last 20 years with a permit. 1,699 total building sq ft.  Tenants pay their own electricity and gas.  Both units are separately metered for gas and electricity.  Minimum marketing period of 7 days, listing agent will not represent any buyers- please contact your agent today and make an offer!

Last Agent to Sell the Property

Jessica Nieto

eXp Realty of California Inc License #01923684 Listed on: 04/29/2021

eXp Realty of California Inc

Co-Listed By

Brian Brooke

eXp Realty of California Inc License #01385336

Last Buyer's Agent

Arlen Perla

VISMAR REAL ESTATE License #01403353

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,266

Year Built

  • Built in 1914

Lot Details

  • 5,293 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • 1,699 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 5454025010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $100
  • Operating Expense $200
  • Net Operating Income $11,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,266

Year Built

Built in 1914

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5454025010
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 423.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5293.00
  • Lot Size Acres: 0.1215

Multi Family

  • Gross Scheduled Income: 11568.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5293.0000 Square Feet
  • Net Operating Income: 11568.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 200.00

Tax Info

  • Tax Census Tract: 1853.10
  • Tax Lot: 89
  • Tax Tract Number: bowens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Sep 7, 2021
Sold by
Sfr 2012 1 Us West Llc
Bought by
Cervantes Christopher and Avila Jenny
Seller's Agent
Jessica Nieto
eXp Realty of California Inc
Buyer's Agent
Arlen Perla
VISMAR REAL ESTATE
List Price
$880,000
Sold Price
$720,000
Premium/Discount to List
-$160,000
-18.18%
Current Estimated Value
$973,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,030
Avg. Annual Appreciation
8.54%
Original Mortgage
$706,959
Outstanding Balance
$646,078
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$347,668

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012-1 U S West Llc

Purchase Details

Closed on
Feb 6, 2009
Sold by
Gallardo Alejandra
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 5, 2007
Sold by
Gallardo Jaime
Bought by
Gallardo Alejandra

Purchase Details

Closed on
Mar 23, 2007
Sold by
Goodwin Akari Jeri and Goodwin Jeri Bell
Bought by
Gallardo Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cervantes Christopher $720,000 First American Title Company
Sfr 2012-1 U S West Llc -- First American Title Ins Co
Federal National Mortgage Association $446,120 Landsafe Title
Gallardo Alejandra -- Commonwealth
Gallardo Alejandra $500,000 Commonwealth
Goodwin Akari Jeri -- Commonwealth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Christopher $706,959
Previous Owner Gallardo Alejandra $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $720,000 -2.6% $424 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
07/09/2021 07/09/21 Price Changed $739,000 -4.6% $435 / Sq Ft
06/09/2021 06/09/21 Price Changed $775,000 -3.1% $456 / Sq Ft
06/01/2021 06/01/21 Price Changed $800,000 -4.8% $471 / Sq Ft
05/17/2021 05/17/21 Price Changed $840,000 -4.5% $494 / Sq Ft
04/29/2021 04/29/21 For Sale $880,000 0.0% $518 / Sq Ft
03/25/2015 03/25/15 Rented $1,500 0.0% --
03/25/2015 03/25/15 For Rent $1,500 -- --
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 $9,266 $764,069 $530,604 $233,465
2024 $9,266 $749,088 $520,200 $228,888
2023 $9,087 $734,400 $510,000 $224,400
2022 $8,665 $720,000 $500,000 $220,000
2021 $5,608 $455,052 $318,538 $136,514
2020 $5,662 $450,387 $315,272 $135,115
2019 $5,442 $441,557 $309,091 $132,466
2018 $5,363 $432,900 $303,031 $129,869
2016 $5,115 $416,092 $291,265 $124,827
2015 $5,041 $409,842 $286,890 $122,952
2014 $5,068 $401,815 $281,271 $120,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21090887

California Regional Multiple Listing Service (CRMLS)

APN: 5454-025-010