NOT LISTED FOR SALE

Estimated Value: $792,000 - $1,030,000

7 Beds
4 Baths
6,000 Sq Ft
$158/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $605,000 $101 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,596/month

20 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating and Cooling System
  • Galley Kitchen
  • Accessible Parking
  • Community Storage Space

About This Home

As of October 2018

Outstanding multi family investment opportunity . Huge 1367 sq feet townhouse style 4 bedroom 2 bath units (3) with patio and laundry room inside each apartment. One 3 bedroom unit with inside laundry room and 1.5 baths in 1058 sq feet. Storage room downstairs for tools/shop. Fully occupied units with garages close to shopping the 215 freeway and Metro Link rail.

Last Agent to Sell the Property

DAVE ROGERS

DAVE ROGERS REALTOR License #00602099 Listed on: 08/03/2018

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property
  • Pest Guard System

Kitchen

  • Galley Kitchen
  • Gas Cooktop
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 1
  • Assessor Parcel Number 313133024

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $960
  • Insurance Expense $2,000
  • Trash Expense $1,890
  • Water Sewer Expense $5,000
  • New Taxes Expense $7,500
  • Operating Expense $17,350
  • Gross Income $58,700
  • Net Operating Income $41,350

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 313133024
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One, Multi/Split
  • Price Per Square Foot: 100.83
  • Room Type: Galley Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1890.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Pest Control, Storage
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lawn
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1100 Square Feet
  • Electric Expense: 960.00
  • Gross Income: 58700.00
  • Gross Scheduled Income: 58700.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 41350.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 17350.00
  • Other Expense Description: 2017
  • Other Income Description: November 2018 projected
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 17350.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 428.00
  • Tax Lot: 4
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2020
Sold by
Zaveri Sandeep M and Zaveri Asmi S
Bought by
Zaveri Sandeep M and Zaveri Asmi S
Current Estimated Value
$948,557

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
Outstanding Balance
$373,740
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$574,817

Purchase Details

Closed on
Apr 3, 2020
Sold by
Zaveri Sandeep M and Zaveri Asmi S
Bought by
Zaveri Sandeep M and Zaveri Asmi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2018
Closed on
Aug 29, 2018
Sold by
Osdip Llc
Bought by
Zaveri Sandeep M and Zaveri Asmi S
Seller's Agent
DAVE ROGERS
DAVE ROGERS REALTOR
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$625,000
Sold Price
$605,000
Premium/Discount to List
-$20,000
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$453,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2013
Sold by
Heim William A and Heim Paul B
Bought by
Osdip Llc

Purchase Details

Closed on
Aug 10, 2009
Sold by
U S Bank National Association
Bought by
Heim William A and Heim Paula B

Purchase Details

Closed on
Jun 9, 2009
Sold by
Ngan Mike
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 10, 2008
Sold by
Ngan Mike
Bought by
Ngan Mike Hong and Eng Pheng Heang

Purchase Details

Closed on
Nov 14, 2005
Sold by
Eng Pheang Heang
Bought by
Ngan Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
8.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 3, 2005
Sold by
Daoud Wisam S
Bought by
Ngan Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
8.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 31, 2000
Sold by
Sadik Jeena
Bought by
Daoud Wisam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2000
Sold by
The First National Bank Of Chicago
Bought by
Daoud Wisam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 1999
Sold by
Turner Jennifer
Bought by
The First National Bank Of Chicago

Purchase Details

Closed on
Oct 26, 1998
Sold by
Regueiro Jose M and Regueiro Maria S
Bought by
Turner Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,850
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 1995
Sold by
Great Western Bank Fsb
Bought by
Regueiro Jose M and Regueiro Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,100
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 1995
Sold by
Joshi Dilip R and Joshi Nayna D
Bought by
Great Western Bank Fsb

Purchase Details

Closed on
Jun 28, 1994
Sold by
Dendy Michael W
Bought by
Joshi Nayna D and Joshi Dilip R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zaveri Sandeep M -- Fidelity National Title Co
Zaveri Sandeep M -- Fidelity National Title Co
Zaveri Sandeep M -- None Available
Zaveri Sandeep M -- None Available
Zaveri Sandeep M $605,000 Fidelity National Title Comp
Osdip Llc -- First American Title Company
Heim William A $170,000 Lawyers Title
Us Bank National Association $175,000 Accommodation
Ngan Mike Hong -- None Available
Ngan Mike -- Orange Coast Title
Ngan Mike $660,000 Orange Coast Title Company
Daoud Wisam S -- First American Title Co
Daoud Wisam S $140,000 First American Title Ins Co
The First National Bank Of Chicago $297,000 United Title Company
Turner Jennifer $341,000 Stewart Title
Regueiro Jose M $69,000 First American Title Ins Co
Great Western Bank Fsb $87,500 Orange Coast Title
Joshi Nayna D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaveri Sandeep M $420,000
Closed Zaveri Sandeep M $445,000
Previous Owner Zaveri Sandeep M $453,750
Previous Owner Ngan Mike $510,000
Previous Owner Daoud Wisam S $70,000
Previous Owner Turner Jennifer $289,850
Previous Owner Regueiro Jose M $62,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2018 10/30/18 Price Changed $625,000 +3.3% $104 / Sq Ft
10/17/2018 10/17/18 Sold $605,000 -3.2% $101 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $625,000 -- $104 / 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 $7,516 $674,883 $172,902 $501,981
2023 $7,516 $648,679 $166,189 $482,490
2022 $7,435 $635,961 $162,931 $473,030
2021 $7,290 $623,492 $159,737 $463,755
2020 $7,211 $617,100 $158,100 $459,000
2019 $7,042 $605,000 $155,000 $450,000
2018 $4,068 $357,683 $71,104 $286,579
2017 $4,012 $350,670 $69,710 $280,960
2016 $3,931 $343,795 $68,344 $275,451
2015 $3,853 $338,632 $67,318 $271,314
2014 $3,764 $332,000 $66,000 $266,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18187913

California Regional Multiple Listing Service (CRMLS)

APN: 310-053-014