NOT LISTED FOR SALE

Estimated Value: $1,293,000 - $1,389,000

9 Beds
4 Baths
3,301 Sq Ft
$407/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $701,000 $212 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,551/month

25 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Ramona Park
  • Cul-De-Sac
  • Wall Furnace

About This Home

As of September 2015

This 4 unit building has been well maintained and is a solid investment. It has a great mix of units with long term tenants: 1-1 BR 1-2BR and 2-3BR. The building has been newly painted and there is one garage per unit. Very close to 91 freeway. A laundry room is available for additional income. Room to increase rents. Drive by only please – do not disturb tenants.

Last Agent to Sell the Property

Michael Borba

Borba Investment Realty License #01380572 Listed on: 06/19/2015

Co-Listed By

Sonya Borba

Borba Investment Realty License #01112236

Last Buyer's Agent

Jamie Durity

eXp Realty License #01297368

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,817

Year Built

  • Built in 1956

Lot Details

  • 6,087 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 4 Car Garage

Home Design

  • 3,301 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 19122
  • Assessor Parcel Number 7120017029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $984
  • Gardener Expense $480
  • Insurance Expense $1,322
  • Trash Expense $1,068
  • Water Sewer Expense $2,091
  • New Taxes Expense $7,400
  • Gross Income $4,515
  • Net Operating Income $39,935

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,817

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Listing Agent
  • Other Phone Number: 562-618-4361
  • Property Attached: No
  • Water Sewer Expenses: 2091.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7120017029
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 212.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 1068.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6087.00
  • Price Per Lot Square Foot: 115.16
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 984.00
  • Gross Income: 4515.00
  • Gross Scheduled Income: 53580.00
  • Insurance Expense: 1322.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6087.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 39935.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 13645.00
  • Rent Control: No
  • Total Actual Rent: 4465.00
  • Vacancy Allowance: 1607
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7400.00
  • Tax Lot: 6
  • Tax Tract Number: 19122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Durity Jamie Elaine
Bought by
Jamie Elaine Durity Living Trust and Durity
Current Estimated Value
$1,342,667

Purchase Details

Closed on
Oct 2, 2024
Sold by
Durity Hollis Andre
Bought by
Durity Jamie

Purchase Details

Closed on
Oct 1, 2024
Sold by
One Thirty One Trust and Durity Hollis Andre
Bought by
Durity Hollis Andre and Durity Jamie

Purchase Details

Closed on
Jun 17, 2024
Sold by
Durity Hollis Andre and Durity Jamie
Bought by
Zero One Thirty One Trust and Durity

Purchase Details

Closed on
Mar 21, 2023
Sold by
Miller Tammy Paulette
Bought by
Durity Hollis Andre and Durity Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2023
Sold by
Williams Donald Ray
Bought by
Miller Tammy Paulette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2015
Closed on
Aug 27, 2015
Sold by
Borba Valqurio I
Bought by
Williams Donald and Miller Tammy
Seller's Agent
Michael Borba
Borba Investment Realty
Buyer's Agent
Jamie Durity
eXp Realty
List Price
$699,000
Sold Price
$701,000
Premium/Discount to List
$2,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$525,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1996
Sold by
Trust Borba Valquirio I Co Tr Borba Fami and Borba Maria E
Bought by
Borba Valquirio I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.14%
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
Jamie Elaine Durity Living Trust -- None Listed On Document
Durity Jamie -- --
Durity Hollis Andre -- --
Zero One Thirty One Trust -- None Listed On Document
Durity Hollis Andre $46,000 Fidelity National Title
Miller Tammy Paulette -- --
Williams Donald $701,000 Fidelity National Title
Borba Valquirio I -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durity Hollis Andre $454,000
Previous Owner Williams Donald $525,750
Previous Owner Borba Valquirio I $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2015 09/04/15 Sold $701,000 +0.3% $212 / Sq Ft
07/14/2015 07/14/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $699,000 -- $212 / 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 $14,817 $1,144,440 $416,160 $728,280
2024 $14,817 $1,122,000 $408,000 $714,000
2023 $10,805 $797,614 $183,188 $614,426
2022 $10,153 $781,976 $179,597 $602,379
2021 $9,939 $766,644 $176,076 $590,568
2019 $9,798 $744,166 $170,854 $573,312
2018 $9,484 $729,580 $167,504 $562,076
2016 $8,720 $701,000 $161,000 $540,000
2015 $3,752 $279,482 $85,989 $193,493
2014 $3,748 $274,008 $84,305 $189,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15135221

California Regional Multiple Listing Service (CRMLS)

APN: 7120-017-029