NOT LISTED FOR SALE

Estimated Value: $571,000 - $596,000

5 Beds
4 Baths
1,976 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 09, 2019

Last sale price $365,000 $185 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,445/month

5 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2019

Don't miss out on this investment opportunity... You can live in one unit and rent the other, or rent both units the choice is yours! The front unit has 3 Bedrooms with 2 bathrooms and an attached one car garage. The back unit has 2 bedrooms with 2 bathrooms with a one car garage. Each unit has in-house laundry hookups and tile floors. Within the last 2 years the central heating and air conditioning units have been replaced as well as the roof. The entire exterior was recently painted.

Last Agent to Sell the Property

Francesco Paonessa

Real Broker License #01914784 Listed on: 03/18/2019

Real Broker

Last Buyer's Agent

Salim Patel

The Realestate Group License #01241927

The Realestate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,118

Year Built

  • Built in 1978

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,976 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Assessor Parcel Number 387092046

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $826
  • Water Sewer Expense $1,953
  • New Taxes Expense $4,548
  • Operating Expense $7,327
  • Gross Income $27,840
  • Net Operating Income $20,513

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,118

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1953.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 387092046
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 184.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 27840.00
  • Gross Scheduled Income: 27840.00
  • Insurance Expense: 826.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 20513.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7327.00
  • Rent Control: No
  • Total Expenses: 7327.00

Tax Info

  • New Taxes Expense: 4548.00
  • Tax Census Tract: 430.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
Mahajan Nitin
Bought by
Mahajan Nitin and Mahajan Ruchi
Current Estimated Value
$584,428

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 8, 2019
Sold by
Mahajan Ruchi and Mahajan Nitin
Bought by
Mahajan Nitin
Seller's Agent
Francesco Paonessa
Real Broker
Buyer's Agent
Salim Patel
The Realestate Group
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$273,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 3, 2019
Sold by
Paonessa Jillian and Paonessa Francesco
Bought by
Paonessa Francesco
Seller's Agent
Francesco Paonessa
Real Broker
Buyer's Agent
Salim Patel
The Realestate Group
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 2, 2019
Sold by
Paonessa Francesco and Yoon Edwin
Bought by
Mahajan Nitin
Seller's Agent
Francesco Paonessa
Real Broker
Buyer's Agent
Salim Patel
The Realestate Group
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2019
Sold by
Yoon Edwin
Bought by
Paonessa Francesco and Yoon Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2012
Sold by
Federal National Mortgage Association
Bought by
Yoon Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2011
Sold by
Lopez Ana Maria
Bought by
Fannie Mae

Purchase Details

Closed on
Feb 18, 2006
Sold by
Lopez Ana Maria
Bought by
Lopez Ana Maria and Barrios Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2001
Sold by
Rennie Alex J and Rennie Mary W
Bought by
Lopez Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,207
Interest Rate
6.92%
Mortgage Type
FHA
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
Mahajan Nitin -- None Available
Mahajan Nitin -- Lawyers Title Company
Paonessa Francesco -- Lawyers Title Company
Mahajan Nitin $365,000 Lawyers Title Company
Yoon Edwin -- Lawyers Title Company
Paonessa Francesco -- None Available
Yoon Edwin $132,000 Lawyers Title Company
Fannie Mae $301,529 Accommodation
Lopez Ana Maria -- None Available
Lopez Ana Maria $116,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahajan Nitin $272,000
Closed Mahajan Nitin $273,750
Previous Owner Yoon Edwin $99,000
Previous Owner Lopez Ana Maria $280,000
Previous Owner Lopez Ana Maria $240,000
Previous Owner Lopez Ana Maria $150,000
Previous Owner Lopez Ana Maria $124,834
Previous Owner Lopez Ana Maria $114,207
Closed Lopez Ana Maria $6,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2019 05/09/19 Sold $365,000 -3.7% $185 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $379,000 -- $192 / 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 $4,118 $407,159 $83,661 $323,498
2023 $4,118 $391,350 $80,413 $310,937
2022 $3,986 $383,678 $78,837 $304,841
2021 $3,908 $376,156 $77,292 $298,864
2020 $3,868 $372,300 $76,500 $295,800
2019 $1,551 $148,623 $45,035 $103,588
2018 $1,521 $145,709 $44,153 $101,556
2017 $1,492 $142,853 $43,288 $99,565
2016 $1,436 $140,053 $42,440 $97,613
2015 $1,419 $137,951 $41,803 $96,148
2014 $1,375 $135,250 $40,985 $94,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19053099

California Regional Multiple Listing Service (CRMLS)

APN: 387-092-046