NOT LISTED FOR SALE

Estimated Value: $692,000 - $802,000

5 Beds
2 Baths
1,616 Sq Ft
$468/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2019

Last sale price $480,000 $297 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,564 / mo

5 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 5-minute walk to Tanaka Park
  • 2 Car Garage

About This Home

As of June 2019

Opportunity Knocks! Don't let this one pass you by. Lots of potential with this property. Tucked away on cul-de-sac, and backing up to a nursery, this is a nice, private, and quiet location. Two separate buildings on one lot, but separated like two separate properties. 2 Bed/1 Bath apartment in nice condition above a 2 car garage on one side, and a 3 bed/1 bath single family home fixer on the other side. Both building are located towards the front of the lot, so they both have a lot of yard space in the back. Rents are well below market, but leases are month to month. This property will not last long so drive by right away and get your offers in!

Last Agent to Sell the Property

Benjamin Larson

Real Broker License #01746853 Listed on: 05/17/2019

Real Broker

Last Buyer's Agent

Allen Liou

All USA Realty License #00990662

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,714 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway Level

Home Design

  • 1,616 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 418
  • Tax Tract Number 5723
  • Assessor Parcel Number 7311013025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $20,400
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

5,714 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7311013025
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 297.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5714.00
  • Lot Size Acres: 0.1312

Multi Family

  • Gross Income: 20400.00
  • Gross Scheduled Income: 20400.00
  • Lot Size Area: 5714.0000 Square Feet
  • Net Operating Income: 20400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5723.01
  • Tax Lot: 418
  • Tax Tract Number: 5723

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jun 3, 2019
Sold by
Schmidt Fred E and Thompson Janet
Bought by
Best Westen Summit Inn Inc
Seller's Agent
Benjamin Larson
Real Broker
Buyer's Agent
Allen Liou
All USA Realty
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Current Estimated Value
$755,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,660
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
May 2, 2007
Sold by
Schmidt Fred E and Schmidt Carolyn M
Bought by
Schmidt Fred E and Schmidt Carolyn M

Purchase Details

Closed on
Dec 15, 1998
Sold by
Hackett Billy and Hackett Chris
Bought by
Schmidt Fred E and Schmidt Carolyn M

Purchase Details

Closed on
Dec 11, 1995
Sold by
Schmidt Fred E and Schmidt Carolyn M
Bought by
Hackett Billy and Hackett Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7%
Mortgage Type
Seller Take Back
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
Best Westen Summit Inn Inc $480,000 Usa National Title
Schmidt Fred E -- Civic Center Title Svc Inc
Schmidt Fred E $192,935 American Title
Hackett Billy $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hackett Billy $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $480,000 -3.8% $297 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $499,000 -- $309 / 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 $7,026 $535,444 $390,429 $145,015
2024 $7,026 $524,946 $382,774 $142,172
2023 $6,908 $514,654 $375,269 $139,385
2022 $6,492 $504,563 $367,911 $136,652
2021 $6,361 $494,671 $360,698 $133,973
2020 $6,344 $490,100 $357,000 $133,100
2019 $3,150 $222,529 $94,150 $128,379
2018 $2,975 $218,176 $92,304 $125,872
2016 $2,735 $209,225 $88,721 $120,504
2015 $2,630 $206,083 $87,389 $118,694
2014 $2,623 $202,047 $85,678 $116,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19116129

California Regional Multiple Listing Service (CRMLS)

APN: 7311-013-025

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