NOT LISTED FOR SALE

Estimated Value: $751,706 - $1,423,000

8 Beds
4 Baths
1,216 Sq Ft
$805/Sq Ft Est. Value

Last Sold February 18, 2016

Last sale price $600,000 $493 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,657/month

6 Days on Market

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 4-minute walk to Virgie Hazel McCain and William Henry Carter Mini Park
  • Heating Available

About This Home

As of February 2016

Excellent Investment Opportunity. Two Duplexes with a total of 4 identical 2 Bedroom/1 Bath spacious units. Good long term tenant history. Conveniently situated in the heart of City Heights in a nice neighborhood of mostly single family homes. Convenient access to I-15 and public transportation is just a few blocks away. In close proximity to Schools, Restaurants, Shopping, Library, YMCA & Recreational Park. Each unit is individually metered for gas & electric. Continued remarks below: Continued remarks Graveled parking area in the rear for 5 cars and additional street parking in front. In addition there's a coin operated income producing laundry room. Neighborhoods: City Heights Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3326 Unit # for Unit 2: 3328 Unit # for Unit 3: 3330 Unit # for Unit 4: 3332 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Bill Nunnally

Premier Realty Associates License #01903876 Listed on: 01/02/2016

Last Buyer's Agent

Nikolas Mazzola

Shorebreak Real Estate License #01724621

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,312

Year Built

  • Built in 1952

Lot Details

  • 6,996 Sq Ft Lot
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 4543111500

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $34,409

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,312

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Subdivision Name Other: City Heights
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 4543111500
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Electric

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 6996.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 42190.00
  • Lot Size Area: 6996.0000 Square Feet
  • Net Operating Income: 34409.00
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2018
Sold by
Joshua Alfred A
Bought by
Jp Investment Properties Llc
Current Estimated Value
$812,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 20, 2018
Sold by
Joshua Alfred A
Bought by
Joshua Alfred A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 20, 2017
Sold by
Jp Investment Properties Llc
Bought by
Joshua Alfred A

Purchase Details

Closed on
Dec 9, 2016
Sold by
Joshua Alfred A and Pham Angela
Bought by
Jp Investment Properties Llc

Purchase Details

Listed on
Jan 2, 2016
Closed on
Jan 21, 2016
Sold by
Canz Properties Llc
Bought by
Joshua Alfred A and Pham Angela
Seller's Agent
Bill Nunnally
Premier Realty Associates
Buyer's Agent
Nikolas Mazzola
Shorebreak Real Estate
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$420,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 3, 2004
Sold by
J & B Properties Llc
Bought by
Canz Properties Llc

Purchase Details

Closed on
Oct 24, 2001
Sold by
Morgan John E and Nunnally William
Bought by
J & B Properties Llc

Purchase Details

Closed on
Feb 16, 1990

Purchase Details

Closed on
Sep 23, 1988
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
Jp Investment Properties Llc -- None Available
Joshua Alfred A -- Ticor Title Company Of Ca
Joshua Alfred A -- Accommodation
Jp Investment Properties Llc -- None Available
Joshua Alfred A -- None Available
Joshua Alfred A $600,000 Fidelity National Title Sd
Canz Properties Llc -- --
J & B Properties Llc -- --
-- $154,500 --
-- $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joshua Alfred A $409,000
Previous Owner Joshua Alfred A $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2016 02/18/16 Sold $600,000 0.0% $493 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
01/02/2016 01/02/16 For Sale $600,000 -- $493 / 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 $4,312 $355,132 $142,051 $213,081
2024 $4,312 $348,169 $139,266 $208,903
2023 $4,216 $341,343 $136,536 $204,807
2022 $4,104 $334,651 $133,859 $200,792
2021 $4,076 $328,090 $131,235 $196,855
2020 $4,027 $324,727 $129,890 $194,837
2019 $3,956 $318,361 $127,344 $191,017
2018 $3,699 $312,120 $124,848 $187,272
2017 $3,611 $306,000 $122,400 $183,600
2016 $2,081 $174,700 $87,350 $87,350
2015 $2,051 $172,076 $86,038 $86,038
2014 $2,020 $168,706 $84,353 $84,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 160000211

California Regional Multiple Listing Service (CRMLS)

APN: 454-311-15