NOT LISTED FOR SALE

Estimated Value: $474,502 - $787,000

1 Bed
1 Bath
2,116 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $225,000 $106 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $3,872/month

3 Days on Market

About This Home

As of June 2016

Four separate 1/1's, all rented with long term tenants. Must be sold with adjacent units at 331 W 16th Street.

Last Agent to Sell the Property

Ken Scott

KEN SCOTT REAL ESTATE License #01140297 Listed on: 05/21/2016

Last Buyer's Agent

Ken Scott

KEN SCOTT REAL ESTATE License #01140297 Listed on: 05/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,221

Year Built

  • Built in 1926

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 2,116 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 0145143230000

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $1,850
  • Gross Income $2,270
  • Net Operating Income $21,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,221

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 0145143230000
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 106.33

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Level, Rectangular Lot
  • Lot Size Sq Ft: 12860.00
  • Price Per Lot Square Foot: 17.50

Multi Family

  • Gross Income: 2270.00
  • Gross Scheduled Income: 27240.00
  • Insurance Expense: 900.00
  • Net Operating Income: 21070.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6170.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1850.00
  • Tax Lot: 1
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2023
Sold by
Mobile Home Group Ii Lp
Bought by
Group Xii Properties Lp
Total Days on Market
3
Current Estimated Value
$599,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,542,500
Outstanding Balance
$17,231,900
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$16,602,280

Purchase Details

Listed on
May 21, 2016
Closed on
May 26, 2016
Sold by
Swope Terry D
Bought by
Mobile Home Group Ii Lp
Seller's Agent
Ken Scott
KEN SCOTT REAL ESTATE
Buyer's Agent
Ken Scott
KEN SCOTT REAL ESTATE
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%
Original Mortgage
$148,089
Interest Rate
3.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 3, 1998
Sold by
Grigorian John
Bought by
Swope Terry D

Purchase Details

Closed on
Dec 12, 1997
Sold by
Grigorian John and Grigorian Virginia
Bought by
Grigorian John
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
Group Xii Properties Lp -- Orange Coast Title
Mobile Home Group Ii Lp $225,000 Fidelity National Title Co
Swope Terry D -- Commonwealth Land Title Co
Grigorian John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group Xii Properties Lp $17,542,500
Previous Owner Mobile Home Group Ii Lp $148,089
Previous Owner Mobile Home Group Ii Lp $148,089
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $225,000 0.0% $106 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
05/21/2016 05/21/16 For Sale $225,000 -- $106 / 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
2024 $6,221 $486,732 $81,241 $405,491
2023 $3,337 $256,012 $79,649 $176,363
2022 $3,342 $250,992 $78,087 $172,905
2021 $3,348 $246,071 $76,556 $169,515
2020 $3,356 $243,548 $75,771 $167,777
2019 $3,257 $238,772 $74,285 $164,487
2018 $3,220 $234,090 $72,828 $161,262
2017 $3,121 $229,500 $71,400 $158,100
2016 $1,964 $141,702 $19,863 $121,839
2015 $1,849 $139,574 $19,565 $120,009
2014 $1,798 $136,840 $19,182 $117,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16118727

California Regional Multiple Listing Service (CRMLS)

APN: 0145-143-23