NOT LISTED FOR SALE

Estimated Value: $943,000 - $1,059,000

3 Beds
2 Baths
1,310 Sq Ft
$774/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $980,000 $748 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,060/month

189 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • No HOA
  • Longfellow Elementary School Rated A-
  • Wood Flooring
  • Double Pane Windows

About This Home

As of August 2024

Turnkey Duplex 3617 & 3619 Cherry Avenue – Located in Historical California Heights!! This property has been completely remodeled & upgraded, see pictures and supplements for remodel building plans. (1) 2 Bedroom, 1 Bath unit and (1) 1 Bedroom, 1 Bat unit. The units feature upgraded kitchens and bathrooms, wood flooring, recessed lighting, double pane windows, concrete patio & parking areas, new roof, and more. Each unit has its own patio area and garage. Detached garage structure also includes laundry room. Seller has not increased rents in years... substantial potential to increase income. Close to transportation, numerous nearby employment opportunities, and amenities such as, shopping centers, dining hot spots, breweries, parks, golf courses, schools, and transportation . There is also the potential for converting the rear garage into an ADU to further maximize the property's full income potential.

Last Agent to Sell the Property

Scot Campbell

Coldwell Banker-Campbell Rltrs Brokerage Phone: 714-336-0394 License #00943759 Listed on: 11/05/2023

Coldwell Banker-Campbell Rltrs

Last Buyer's Agent

Gavin Plotkin

VISMAR REAL ESTATE License #02020647

VISMAR REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 5,424 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,310 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 10607
  • Assessor Parcel Number 7147009011
  • $465 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,800
  • Water Sewer Expense $1,500
  • Operating Expense $14,700
  • Gross Income $42,900
  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 2.85
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: California Heights
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7147009011
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 748.09
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave
  • Heating Type: Natural Gas
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 5424.00
  • Lot Size Acres: 0.1245
  • Latitude Manual: 33.82274900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 595 Square Feet
  • Average2 Bed Area: 715 Square Feet
  • Gross Income: 42900.00
  • Gross Multiplier: 23.00
  • Gross Operating Income: 42900.00
  • Gross Scheduled Income: 42900.00
  • Gross Spendable Income: 28200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5424.0000 Square Feet
  • Net Operating Income: 28200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 14700.00
  • Rent Control: Yes
  • Total Actual Rent: 3575.00
  • Total Expenses: 14700.00

Tax Info

  • Tax Census Tract: 5720.01
  • Tax Lot: 10
  • Tax Tract Number: 10607
  • TaxOtherAnnualAssessmentAmount: 465.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2023
Closed on
Aug 8, 2024
Sold by
Faraway Home Llc
Bought by
Freeminds Llc
Seller's Agent
Scot Campbell
Coldwell Banker-Campbell Rltrs
Buyer's Agent
Gavin Plotkin
VISMAR REAL ESTATE
List Price
$990,000
Sold Price
$980,000
Premium/Discount to List
-$10,000
-1.01%
Views
785
Current Estimated Value
$1,014,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,263
Avg. Annual Appreciation
2.54%
Original Mortgage
$784,000
Outstanding Balance
$775,263
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$239,000

Purchase Details

Closed on
Apr 10, 2017
Sold by
Doan Ken
Bought by
Faraway Home Llc

Purchase Details

Closed on
Nov 17, 2015
Sold by
Square Key
Bought by
Doan Anh Kiet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,200
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2014
Closed on
Aug 11, 2014
Sold by
Chittenden Cynthia J
Bought by
Chittenden Donald E
Seller's Agent
Juan Venegas
Realty One Group Homelink
Buyer's Agent
Juan Venegas
Realty One Group Homelink
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%

Purchase Details

Listed on
Jul 18, 2014
Closed on
Aug 5, 2014
Sold by
Chittenden Donald E
Bought by
Square Key
Seller's Agent
Juan Venegas
Realty One Group Homelink
Buyer's Agent
Juan Venegas
Realty One Group Homelink
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%

Purchase Details

Closed on
Apr 19, 2010
Sold by
Chittenden Donald E and 2008 Carol L Ahart Revocable T
Bought by
Chittenden Donald E

Purchase Details

Closed on
Jan 22, 2008
Sold by
Ahart Caroline L and Lowell & Caroline Ahart Trust
Bought by
Ahart Carol L and 2008 Carol L Ahart Revocable Trust

Purchase Details

Closed on
Apr 3, 2001
Sold by
Ahart Caroline L and Chittenden Carol C
Bought by
Ahart Lowell H
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Freeminds Llc $980,000 Ticor Title
Faraway Home Llc $500,000 None Available
Doan Anh Kiet $489,000 Orange Coast Title Co Socal
Chittenden Donald E -- Fidelity National Title Co
Square Key $350,000 Fidelity National Title Co
Chittenden Donald E -- None Available
Ahart Carol L -- None Available
Ahart Lowell H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeminds Llc $784,000
Previous Owner Doan Anh Kiet $391,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2024 08/15/24 Sold $980,000 -1.0% $748 / Sq Ft
05/12/2024 05/12/24 Pending -- -- --
11/05/2023 11/05/23 For Sale $990,000 +182.9% $756 / Sq Ft
08/19/2014 08/19/14 Sold $350,000 -12.3% $267 / Sq Ft View Prior Sale
08/04/2014 08/04/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $399,000 -- $305 / 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 $8,954 $980,000 $650,000 $330,000
2024 $8,954 $682,691 $409,615 $273,076
2023 $8,805 $669,306 $401,584 $267,722
2022 $8,267 $656,183 $393,710 $262,473
2021 $8,106 $643,318 $385,991 $257,327
2019 $7,992 $624,240 $374,544 $249,696
2018 $7,711 $612,000 $367,200 $244,800
2016 $5,950 $489,000 $300,000 $189,000
2015 $4,230 $350,000 $280,000 $70,000
2014 $876 $50,151 $29,974 $20,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23205705

California Regional Multiple Listing Service (CRMLS)

APN: 7147-009-011