NOT LISTED FOR SALE

Estimated Value: $727,000 - $1,142,000

7 Beds
4 Baths
3,600 Sq Ft
$235/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $704,000 $196 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,101/month

47 Days on Market

Highlights

  • Solar Power System
  • No HOA
  • Garden
  • Property is near public transit
  • Laundry Room
  • Level Lot

About This Home

As of September 2022

**One 2-bedroom unit will be delivered vacant at COE for owner occupied or can be rented for $1,600-$1,700 / month** 4 units - Three units consisting of 2 bedrooms / 1 bath and the fourth unit consisting of 1 bedroom (converted to 2 beds) / 1 bath. 1 parking space assigned to each unit. Laundry room generates approximately $150 / month. Seller purchased and installed a solar system for each unit / electric meter, electric bill for each unit is minimal due to the solar systems, this is big selling point for the new owner / future tenants. 4 electric meters + 1 gas meter for all four units. Vacancies are rare at this property, however when they have occurred, updating to the unit has coincided. This property will not last, please submit all offers.

Last Agent to Sell the Property

Guillermo Durell

Realty Source Inc. License #01732446 Listed on: 07/11/2022

Last Buyer's Agent

Tess Garcia

House To Home Realty License #01419996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,400

Year Built

  • Built in 1965

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Garden

Home Design

  • Apartment

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Solar Power System
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 97
  • Assessor Parcel Number 387091023
  • $4,577 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,280
  • Insurance Expense $2,500
  • Maintenance Expense $2,100
  • Trash Expense $1,140
  • Water Sewer Expense $2,280
  • New Taxes Expense $9,108
  • Operating Expense $19,408
  • Gross Income $60,600
  • Net Operating Income $41,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,400

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.88
  • Price Per Unit: 175000
  • Property Attached: Yes
  • Water Sewer Expenses: 2280.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 387091023
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 195.56

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1140.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Level, Near Public Transit
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200
  • Latitude Manual: 33.66090500

Multi Family

  • Electric Expense: 2280.00
  • Gross Income: 60600.00
  • Gross Multiplier: 11.55
  • Gross Operating Income: 60600.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Lot Size Area: 5227.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Net Operating Income: 41192.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19408.00
  • Rent Control: No
  • Total Expenses: 19408.00

Tax Info

  • New Taxes Expense: 9108.00
  • Tax Census Tract: 430.08
  • Tax Lot: 97
  • TaxOtherAnnualAssessmentAmount: 4577.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Sep 2, 2022
Sold by
Ahumada Investment Corporation
Bought by
Luna Jose M and Luna Maria G
Seller's Agent
Guillermo Durell
Realty Source Inc.
Buyer's Agent
Tess Garcia
House To Home Realty
List Price
$725,000
Sold Price
$704,000
Premium/Discount to List
-$21,000
-2.9%
Views
25
Current Estimated Value
$844,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,914
Avg. Annual Appreciation
6.60%

Purchase Details

Listed on
Jan 27, 2017
Closed on
Dec 6, 2017
Sold by
Preciado Lino T and Preciado Maria G
Bought by
Ahumada Investment Corp
Seller's Agent
GABRIEL DIAZ
Remax Real Pros
Buyer's Agent
Guillermo Durell
Nationwide Powerhouse Inc
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%

Purchase Details

Closed on
Jun 13, 2012
Sold by
Preciado Lino and Preciado Maria G
Bought by
Preciado Lino T and Preciado Maria G

Purchase Details

Closed on
Feb 25, 2011
Sold by
Preciado Lino T and Preciado Maria G
Bought by
Preciado Lino and Preciado Maria G

Purchase Details

Closed on
Sep 17, 2008
Sold by
Derito Gary Anthony and Derito Sylvia Ann
Bought by
Preciado Lino T and Preciado Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2004
Sold by
Hagan Investments Inc
Bought by
Derito Gary Anthony and Derito Sylvia Ann

Purchase Details

Closed on
Oct 28, 2003
Sold by
Loera Moises and Loera Rosalia
Bought by
Hagen Investments Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,991
Interest Rate
5.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 17, 2001
Sold by
Briones Jose R and Briones Magdalena
Bought by
Loera Moises and Loera Rosalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 1995
Sold by
Home Svgs Of America
Bought by
Briones Jose R and Briones Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.71%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 1995
Sold by
Mcguire Richard and Mcguire Margaret Sharon
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Aug 31, 1994
Sold by
Mcguire Richard and Mcguire Margaret Sharon
Bought by
Donelson William J and Donelson Hazel L
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
Luna Jose M $704,000 First American Title
Ahumada Investment Corp $425,000 Pacific Coast Title
Preciado Lino T -- None Available
Preciado Lino -- None Available
Preciado Lino T $350,000 Landwood Title
Derito Gary Anthony $375,000 Chicago Title Co
Hagen Investments Corp -- Chicago Title Co
Loera Moises $180,000 First American Title Co
Briones Jose R $95,000 Old Republic Title Company
Home Svgs Of America Fsb $85,000 World Title Company
Donelson William J $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Preciado Lino T $255,500
Previous Owner Preciado Lino T $262,500
Previous Owner Hagen Investments Corp $48,991
Previous Owner Loera Moises $141,500
Previous Owner Loera Moises $144,000
Previous Owner Briones Jose R $55,000
Previous Owner Briones Jose R $20,000
Previous Owner Briones Jose R $50,000
Previous Owner Briones Jose R $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $704,000 +0.6% $196 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $700,000 -3.4% $194 / Sq Ft
07/11/2022 07/11/22 For Sale $725,000 +70.6% $201 / Sq Ft
12/08/2017 12/08/17 Sold $425,000 -2.3% $132 / Sq Ft
11/17/2017 11/17/17 Pending -- -- --
08/07/2017 08/07/17 Price Changed $435,000 -4.4% $135 / Sq Ft
05/11/2017 05/11/17 For Sale $455,000 0.0% $142 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
04/21/2017 04/21/17 Price Changed $455,000 -2.8% $142 / Sq Ft
02/28/2017 02/28/17 Sold $468,000 +7.6% $130 / Sq Ft
01/27/2017 01/27/17 For Sale $435,000 -2.1% $135 / Sq Ft
11/22/2016 11/22/16 Pending -- -- --
10/10/2016 10/10/16 Price Changed $444,500 -2.3% $123 / Sq Ft
08/24/2016 08/24/16 For Sale $455,000 -- $126 / 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 $7,400 $732,441 $264,261 $468,180
2023 $7,400 $704,000 $254,000 $450,000
2022 $9,297 $455,684 $107,219 $348,465
2021 $9,204 $446,750 $105,117 $341,633
2020 $9,112 $442,170 $104,040 $338,130
2019 $9,022 $433,500 $102,000 $331,500
2018 $8,929 $425,000 $100,000 $325,000
2017 $8,529 $388,339 $55,472 $332,867
2016 $8,378 $380,726 $54,385 $326,341
2015 $8,339 $375,009 $53,569 $321,440
2014 $8,217 $367,666 $52,521 $315,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22152157

California Regional Multiple Listing Service (CRMLS)

APN: 387-091-023