NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,350,000

3 Beds
2 Baths
1,600 Sq Ft
$783/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $780,000 $488 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,558/month

168 Days on Market

Highlights

  • Fireplace in Bathroom
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Lawn
  • Laundry Room

About This Home

As of December 2018

Tenants already in. 2900 in the from unit and 1600 on the back. One of a kind Duplex in the trendy contemporary modern area known as 4th and Redondo. Both units have been recently remodeled so all the work is done! This duplex is for the most discriminating tastes. European style new cabinets, engineered hardwood flooring, remodeled kitchen with hi-end Quartz countertops, newer stainless steel appliances and double french doors are a plus. If you like escaping to a paradise-like backyard or just hangout on the modern vintage porch 3315 4th street is for you. Located adjacent to some of the most amazing restaurants and shops. Turnkey and rented out already to great tenants!

Last Agent to Sell the Property

Chad Pape

Coldwell Banker Realty License #01411814 Listed on: 05/29/2018

Coldwell Banker Realty

Last Buyer's Agent

Chad Pape

Coldwell Banker Realty License #01411814 Listed on: 05/29/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,963

Year Built

  • Built in 1913

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Landscaped
  • Lawn
  • Garden
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Blower Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Wood Flooring
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Dryer

Outdoor Features

  • Fireplace in Patio
  • Outdoor Fireplace
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 23
  • Tax Tract Number 5771
  • Assessor Parcel Number 7257003025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $400
  • Operating Expense $1,100
  • Gross Income $57,000
  • Net Operating Income $5,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,963

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Alamitos Heights (AH)
  • Zoning: LBR3T
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7257003025
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Outside, Patio, Gas, Blower Fan
  • Levels: One
  • Price Per Square Foot: 487.50
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Amount Frequency: Annually
  • Lot Features: Front Yard, Garden, Landscaped, Lawn
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 500 Square Feet
  • Average Studio Area: 600 Square Feet
  • Gross Income: 57000.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 400.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 5500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1100.00
  • Operating Expense Percent: 1.00
  • Rent Control: No
  • Total Actual Rent: 4800.00
  • Total Expenses: 1100.00

Tax Info

  • Tax Census Tract: 5771.00
  • Tax Lot: 23
  • Tax Tract Number: 5771

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Nov 15, 2018
Sold by
Schoellkppf Kristi
Bought by
Patel Arkesh Jagdish
Seller's Agent
Chad Pape
Coldwell Banker Realty
Buyer's Agent
Chad Pape
Coldwell Banker Realty
List Price
$999,999
Sold Price
$780,000
Premium/Discount to List
-$219,999
-22%
Current Estimated Value
$1,253,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,491
Avg. Annual Appreciation
7.18%
Original Mortgage
$585,000
Outstanding Balance
$515,430
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$738,061

Purchase Details

Listed on
Apr 1, 2016
Closed on
Nov 9, 2016
Sold by
Purcell James
Bought by
Schoellkopf Kristi
Seller's Agent
Kevin Poi
RE/MAX College Park Realty
Buyer's Agent
Chad Pape
Coldwell Banker Realty
List Price
$695,000
Sold Price
$658,000
Premium/Discount to List
-$37,000
-5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$493,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2016
Closed on
Oct 13, 2016
Sold by
Paredes Norman and Tryan Gary Alan
Bought by
Schoellkopf Kristi
Seller's Agent
Kevin Poi
RE/MAX College Park Realty
Buyer's Agent
Chad Pape
Coldwell Banker Realty
List Price
$695,000
Sold Price
$658,000
Premium/Discount to List
-$37,000
-5.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2015
Sold by
Delrosario Ferdinand A
Bought by
Paredes Norman and Tryan Gary Alan

Purchase Details

Closed on
Jan 14, 2004
Sold by
Whitney Eleonor
Bought by
Delrosario Ferdinand A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
4.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 22, 1998
Sold by
Whitney Leland
Bought by
Whitney Eleonor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,663
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 1998
Sold by
Blanche L Allen Trust and Shelby
Bought by
Whitney Eleonor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,663
Interest Rate
6.88%
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
Patel Arkesh Jagdish $780,000 Chicago Title Company
Schoellkopf Kristi -- Ticor Title Company
Schoellkopf Kristi $658,000 Ticor Title Company
Paredes Norman -- None Available
Delrosario Ferdinand A $420,000 Gateway
Whitney Eleonor -- Commonwealth Title
Whitney Eleonor $107,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Arkesh Jagdish $585,000
Previous Owner Schoellkopf Kristi $493,000
Previous Owner Delrosario Ferdinand A $333,700
Previous Owner Whitney Eleonor $106,663
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2018 12/28/18 Sold $780,000 -5.5% $488 / Sq Ft
08/12/2018 08/12/18 Price Changed $825,000 -4.6% $516 / Sq Ft
07/28/2018 07/28/18 Price Changed $865,000 -2.3% $541 / Sq Ft
07/23/2018 07/23/18 Price Changed $885,000 -1.6% $553 / Sq Ft
07/09/2018 07/09/18 Price Changed $899,000 -8.3% $562 / Sq Ft
06/01/2018 06/01/18 Price Changed $980,000 -2.0% $613 / Sq Ft
05/29/2018 05/29/18 For Sale $999,999 0.0% $625 / Sq Ft
03/11/2018 03/11/18 Rented $2,900 0.0% --
03/09/2018 03/09/18 Under Contract -- -- --
03/09/2018 03/09/18 For Rent $2,900 +5.5% --
03/14/2017 03/14/17 Rented $2,750 0.0% --
02/14/2017 02/14/17 Price Changed $2,750 -5.2% $2 / Sq Ft
01/24/2017 01/24/17 Price Changed $2,900 -3.3% $2 / Sq Ft
01/19/2017 01/19/17 Price Changed $3,000 -3.2% $2 / Sq Ft
01/17/2017 01/17/17 Price Changed $3,100 -1.6% $2 / Sq Ft
01/17/2017 01/17/17 For Rent $3,150 0.0% --
11/16/2016 11/16/16 Sold $658,000 -3.2% $470 / Sq Ft View Prior Sale
10/11/2016 10/11/16 Pending -- -- --
06/10/2016 06/10/16 Price Changed $680,000 -2.2% $486 / Sq Ft
04/01/2016 04/01/16 For Sale $695,000 -- $496 / 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 $11,963 $948,185 $669,309 $278,876
2024 $11,963 $929,594 $656,186 $273,408
2023 $11,763 $911,368 $643,320 $268,048
2022 $11,036 $893,499 $630,706 $262,793
2021 $10,824 $875,981 $618,340 $257,641
2020 $10,796 $867,000 $612,000 $255,000
2019 $10,670 $850,000 $600,000 $250,000
2018 $8,421 $671,160 $306,000 $365,160
2016 $6,586 $544,346 $403,546 $140,800
2015 $6,320 $536,171 $397,485 $138,686
2014 $6,279 $525,669 $389,699 $135,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18126935

California Regional Multiple Listing Service (CRMLS)

APN: 7257-003-025