NOT LISTED FOR SALE

Estimated Value: $1,257,261 - $1,465,000

14 Beds
4 Baths
5,175 Sq Ft
$267/Sq Ft Est. Value

Last Sold April 11, 2014

Last sale price $655,000 $127 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $8,214/month

61 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 4 Car Garage
  • Heating Available
  • Laundry Room
  • West Facing Home

About This Home

As of April 2014

An excellent 4 unit property, two story townhouse style, all upgraded units. Two 3 bedroom 1.5 bath units, and two 4 bedroom 1.5 bath units, and 4 single car garages. Each has its own private patio and most have their own indoor laundry rooms. Located near shopping, and numerous restaurants, and easy freeway access.

Last Agent to Sell the Property

John Lindberg

Re/Max R. E. Specialists License #01010112 Listed on: 02/06/2014

Re/Max R. E. Specialists

Co-Listed By

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Last Buyer's Agent

Stephen Snell

California Income Property License #01467849

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 5,931 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 5,175 Sq Ft Home
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Common Roof
  • Stucco

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 14
  • Tax Tract Number 28449
  • Assessor Parcel Number 7121009023

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $392
  • Gardener Expense $1,320
  • Insurance Expense $930
  • Maintenance Expense $3,600
  • Pest Control $320
  • Professional Management Expense $2,808
  • Water Sewer Expense $1,431
  • New Taxes Expense $7,343
  • Gross Income $5,260
  • Net Operating Income $40,753

Property Details

Home Type

Multi-Family

Year Built

Built in 1963 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.30
  • Professional Management Expense: 2808.00
  • Property Attached: Yes
  • Subdivision Name Other: Signature (SIGN)
  • View: No
  • Water Sewer Expenses: 1431.00
  • Zoning: LBR4R
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7121009023
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 126.57

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Common Roof
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Inside
  • Pest Control Expense: 320.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5931.00
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average3 Bed Area: 1290
  • Electric Expense: 392.00
  • Gross Income: 5260.00
  • Gross Multiplier: 10.30
  • Gross Scheduled Income: 63120.00
  • Insurance Expense: 930.00
  • Lot Size Area: 5931.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 40753.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 19211.00
  • Rent Control: No
  • Total Actual Rent: 5260.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7343.00
  • Tax Area: 7215
  • Tax Lot: 14
  • Tax Rate: 1.13
  • Tax Tract Number: 28449
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2014
Sold by
Coelho Mario A
Bought by
Mario & Reisha Coelho Revocable Trust
Current Estimated Value
$1,381,815

Purchase Details

Listed on
Feb 6, 2014
Closed on
Mar 20, 2014
Sold by
West Coat 2010-3 Llc
Bought by
Coelho Mario A and Coelho Reisha F
Seller's Agent
John Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Stephen Snell
California Income Property
List Price
$649,900
Sold Price
$655,000
Premium/Discount to List
$5,100
0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$491,250
Outstanding Balance
$372,067
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$1,009,748

Purchase Details

Closed on
Dec 31, 2013
Sold by
Thayer Dale Franklin
Bought by
West Coast 2010-3 Llc

Purchase Details

Closed on
Jul 15, 2013
Sold by
Thayer Mehcle
Bought by
Thayer Dale Franklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2013
Sold by
West Coast 2010-3 Llc
Bought by
Thayer Dale Franklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2012
Closed on
Jun 4, 2012
Sold by
Skalij Wally J
Bought by
West Coast 2010-3 Llc
Seller's Agent
Frank Rizzi
BOS Commercial
Buyer's Agent
Gavino Galindo
GAVINO GALINDO, BROKER
List Price
$365,000
Sold Price
$450,500
Premium/Discount to List
$85,500
23.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%

Purchase Details

Closed on
Oct 5, 2005
Sold by
Kuhn Edmund
Bought by
Skalij Wally J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.82%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 17, 2004
Sold by
Lampsons Leonard Joseph
Bought by
Kuhn Edmund and Khuhn Alecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2004
Sold by
Lapointe Lonnie
Bought by
Lampasona Leonard Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2002
Sold by
Coleman Bradley
Bought by
Lapointe Lonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
7.25%

Purchase Details

Closed on
Jul 7, 2000
Sold by
Trust Rice, Glynn And Patricia Trs Parco
Bought by
Coleman Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.16%

Purchase Details

Closed on
Sep 1, 1997
Sold by
Gessner Robert L
Bought by
Rice Glynn and Rice Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mario & Reisha Coelho Revocable Trust -- None Available
Coelho Mario A $655,000 North American Title Company
West Coast 2010-3 Llc -- Accommodation
Thayer Dale Franklin -- Lsi
Thayer Dale Franklin -- Wfg Title Company Of Ca
West Coast 2010-3 Llc $450,500 Nations Title Co Of Ca
Skalij Wally J $950,000 North American Title Co
Kuhn Edmund $710,000 Fidelity National Title
Lampasona Leonard Joseph $650,000 Commonwealth Land Title Co S
Lapointe Lonnie $389,000 Old Republic Title Company
Coleman Bradley $210,000 First American
Rice Glynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coelho Mario A $491,250
Previous Owner Thayer Dale Franklin $451,500
Previous Owner Skalij Wally J $760,000
Previous Owner Kuhn Edmund $420,000
Previous Owner Lampasona Leonard Joseph $552,500
Previous Owner Lapointe Lonnie $311,200
Previous Owner Coleman Bradley $207,000
Closed Lapointe Lonnie $38,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2014 04/11/14 Sold $655,000 +0.8% $127 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $649,900 +44.3% $126 / Sq Ft
07/20/2012 07/20/12 Sold $450,500 +23.4% $87 / Sq Ft View Prior Sale
01/27/2012 01/27/12 Pending -- -- --
01/24/2012 01/24/12 For Sale $365,000 -- $71 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,559 $802,929 $190,001 $612,928
2024 $10,559 $787,186 $186,276 $600,910
2023 $10,353 $771,752 $182,624 $589,128
2022 $10,069 $756,621 $179,044 $577,577
2021 $9,805 $741,786 $175,534 $566,252
2019 $10,060 $719,986 $170,329 $549,657
2018 $9,364 $705,874 $166,990 $538,884
2016 $8,370 $678,273 $160,506 $517,767
2015 $7,886 $668,086 $158,096 $509,990
2014 $8,041 $650,000 $150,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14026330

California Regional Multiple Listing Service (CRMLS)

APN: 7121-009-023