NOT LISTED FOR SALE

Estimated Value: $934,000 - $1,238,112

8 Beds
5 Baths
3,459 Sq Ft
$333/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $625,000 $181 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,038/month

20 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Gas Fireplace
  • Abraham Lincoln High School Rated A

About This Home

As of January 2016

Stunning units done with decorator touches. The 2 units in back have been updated beautifully. They are 2 stories, all with laminate floors downstairs. There are washer and dryer areas in the home. There is plenty of parking. Front home has been updated containing 4 bedrooms and 3 full bathrooms.

Last Agent to Sell the Property

Janice Neiman

Neiman Realty License #00680498 Listed on: 08/13/2015

Last Buyer's Agent

Rick Cheng

Coldwell Banker Realty License #01958923

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,249

Year Built

  • Built in 1923

Lot Details

  • 7,126 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,459 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 5306014042

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $2,500
  • Insurance Expense $1,400
  • Trash Expense $1,380
  • New Taxes Expense $7,063
  • Gross Income $4,400
  • Net Operating Income $42,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,249

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 5306014042
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Gas, Living Room
  • Price Per Square Foot: 180.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Kitchen, Inside
  • Trash Expense: 1380.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7126.00
  • Price Per Lot Square Foot: 87.71
  • Lot Size Acres: 0.1640

Multi Family

  • Electric Expense: 2500.00
  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7126.0000 Square Feet
  • Net Operating Income: 42240.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10560.00
  • Rent Control: Yes
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 7063.00
  • Tax Lot: 95
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2016
Sold by
Tseng Kuan Wei
Bought by
Drz Trust
Current Estimated Value
$1,152,528

Purchase Details

Listed on
Aug 13, 2015
Closed on
Jan 14, 2016
Sold by
Cheng Rick Weite
Bought by
Tseng Kuan Wei
Seller's Agent
Janice Neiman
Neiman Realty
Buyer's Agent
Rick Cheng
Coldwell Banker Realty
List Price
$565,000
Sold Price
$625,000
Premium/Discount to List
$60,000
10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$410,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2015
Closed on
Dec 28, 2015
Sold by
Avery Wesley H and Estate Of Alfonso C Martinez
Bought by
Tseng Kuan Wei
Seller's Agent
Janice Neiman
Neiman Realty
Buyer's Agent
Rick Cheng
Coldwell Banker Realty
List Price
$565,000
Sold Price
$625,000
Premium/Discount to List
$60,000
10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2012
Sold by
Martinez Rosario and Martinez Alfonso
Bought by
R G Inter Vivos Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Drz Trust -- None Available
Tseng Kuan Wei -- North American Title Co
Tseng Kuan Wei $625,000 North American Title Co
R G Inter Vivos Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Rick White $660,000
Previous Owner Tseng Kuan Wei $410,000
Previous Owner Tseng Kuan Wei $410,000
Previous Owner Martinez C Alfonso $503,000
Previous Owner Martinez Alfonso C $280,000
Previous Owner Martinez Alfonso C $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $625,000 +10.6% $181 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $565,000 -- $163 / 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 $9,249 $739,865 $438,000 $301,865
2024 $9,249 $725,359 $429,412 $295,947
2023 $9,076 $711,138 $420,993 $290,145
2022 $8,665 $697,195 $412,739 $284,456
2021 $8,545 $683,526 $404,647 $278,879
2020 $8,626 $676,518 $400,498 $276,020
2019 $8,296 $663,254 $392,646 $270,608
2018 $8,181 $650,250 $384,948 $265,302
2016 $4,615 $358,042 $274,253 $83,789
2015 $4,552 $352,665 $270,134 $82,531
2014 $4,585 $463,092 $251,135 $211,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15142208

California Regional Multiple Listing Service (CRMLS)

APN: 5306-014-042