NOT LISTED FOR SALE

Estimated Value: $828,000 - $977,000

7 Beds
4 Baths
2,608 Sq Ft
$346/Sq Ft Est. Value

Last Sold July 24, 2018

Last sale price $620,000 $238 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,440/month

33 Days on Market

Highlights

  • Laundry Room
  • 5-minute walk to Avalon Station
  • Back and Front Yard
  • Central Heating
  • 2 Car Garage
  • 1-Story Property

About This Home

As of July 2018

Great Residential Income Opportunity with low maintenance fees. Huge well maintained units that feature a well sized lot and many recent upgrades. Top unit is a 3 Bedroom 2 Bath & Bottom Unit is a 4 Bedroom 2 Bath. Conveniently located close to the 105 freeway, 116 & 118 Elementary Schools and Samuel Gompers Middle School. Property has beautiful curb appeal and will not last. Come see why this is a great investment for you and your family.

Last Agent to Sell the Property

Jose Perez

Real Broker License #01914917 Listed on: 05/10/2018

Last Buyer's Agent

Femi Ajetunmobi

West Shores Realty, Inc. License #01717945

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 5,591 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Interior Spaces

  • 2,608 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 90
  • Tax Tract Number 3598
  • Assessor Parcel Number 6083008010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,500
  • Operating Expense $10,460
  • Gross Income $44,400
  • Net Operating Income $33,940

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 6083008010
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 237.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5591.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 33940.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10460.00
  • Rent Control: No
  • Total Expenses: 10460.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Census Tract: 2410.01
  • Tax Lot: 90
  • Tax Tract Number: 3598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Jul 18, 2018
Sold by
Martinez Isac
Bought by
Egharevba Efosa Ferdinand
Seller's Agent
Jose Perez
Real Broker
Buyer's Agent
Femi Ajetunmobi
West Shores Realty, Inc.
List Price
$629,999
Sold Price
$620,000
Premium/Discount to List
-$9,999
-1.59%
Current Estimated Value
$901,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,754
Avg. Annual Appreciation
5.13%
Original Mortgage
$599,307
Outstanding Balance
$517,879
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$383,875

Purchase Details

Closed on
Jul 3, 2017
Sold by
Martinez Isaac
Bought by
Martinez Isaac and Martinez Charlene D

Purchase Details

Listed on
Nov 13, 2015
Closed on
Dec 16, 2015
Sold by
Villa Nereida
Bought by
Martinez Isaac
Seller's Agent
Jose Perez
Real Broker
Buyer's Agent
Jose Perez
Real Broker
List Price
$445,000
Sold Price
$460,000
Premium/Discount to List
$15,000
3.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$345,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2009
Sold by
Lance Properties Inc
Bought by
Villa Nereida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,048
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 2008
Sold by
Haywood Lashaun and The Eddie H James Living Trust
Bought by
Lance Properties Inc

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
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2006
Sold by
James Eddie H
Bought by
James Eddie H
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
Egharevba Efosa Ferdinand $620,000 Fidelity National Title Comp
Martinez Isaac -- None Available
Martinez Isaac $460,000 Pacific Coast Title Company
Martinez Isaac -- Pacific Coast Title Company
Villa Nereida -- Lawyers Title
Lance Properties Inc $225,000 Chicago Title Company
James Eddie H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egharevba Efosa Ferdinand $599,307
Previous Owner Martinez Isaac $345,000
Previous Owner Villa Nereida $431,048
Previous Owner Lance Properties Inc $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2018 07/24/18 Sold $620,000 -1.6% $238 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $629,999 +37.0% $242 / Sq Ft
12/22/2015 12/22/15 Sold $460,000 +3.4% $176 / Sq Ft View Prior Sale
11/18/2015 11/18/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $445,000 +44.0% $171 / Sq Ft
10/27/2014 10/27/14 Sold $309,000 0.0% $215 / Sq Ft View Prior Sale
07/24/2014 07/24/14 For Sale $309,000 -- $215 / 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 $8,687 $691,618 $356,964 $334,654
2024 $8,687 $678,058 $349,965 $328,093
2023 $8,522 $664,763 $343,103 $321,660
2022 $8,136 $651,729 $336,376 $315,353
2021 $8,025 $638,951 $329,781 $309,170
2019 $7,787 $620,000 $320,000 $300,000
2018 $6,225 $478,584 $187,272 $291,312
2016 $5,929 $460,000 $180,000 $280,000
2015 $6,047 $470,377 $396,447 $73,930
2014 $6,070 $461,164 $388,682 $72,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18110748

California Regional Multiple Listing Service (CRMLS)

APN: 6083-008-010