NOT LISTED FOR SALE

Estimated Value: $1,050,000 - $1,595,000

5 Beds
4 Baths
3,065 Sq Ft
$435/Sq Ft Est. Value

Last Sold December 09, 2016

Last sale price $1,003,500 $327 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,495/month

9 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Granite Countertops
  • Woodrow Wilson High School Rated A
  • Corner Lot
  • No HOA

About This Home

As of December 2016

ONE-FAMILY OWNERSHIP SINCE 1974 WITH STUNNING CURB APPEAL AND UPDATED UNITS. Pride of ownership is demonstrated throughout this spotless triplex featuring a 1bed/1bath, 2bed/1bath and a 2bed/2bath+bonus room. The property is well maintained and each unit has its own detached garage with individual private laundry. The larger unit would make a terrific Owners Unit with a large patio, bonus room and vaulted ceiling. Two of the three units are located at ground level. The interiors and exterior were recently updated to include new roof, new vinyl windows, new front doors, new electrical panels, new electrical fixtuers, new Pex plumbing, new appliances, new paint inside and out and beautiful original hardwood floors. This is truly a unique gem that is located on a large 7468 SqFt corner lot with great upside income potential.

Last Agent to Sell the Property

Candice Carpenter

Coastal Elite Properties License #00943966 Listed on: 11/02/2016

Last Buyer's Agent

Daniel Jensen

Jensen Realty License #01294017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,979

Year Built

  • Built in 1962

Lot Details

  • 7,468 Sq Ft Lot
  • Lot Dimensions are 55 x 135
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 3,065 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Double Pane Windows
  • Sunken Living Room
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 1981
  • Assessor Parcel Number 7253006030

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $400
  • Water Sewer Expense $800
  • New Taxes Expense $9,750
  • Net Operating Income $47,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,979

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Inclusions: freestanding over/stove (x3)
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7253006030
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Sunken Living Room
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 327.41
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 55 x 135
  • Lot Size Sq Ft: 7468.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 4950.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 47900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 11500.00
  • Rent Control: No
  • Total Actual Rent: 4925.00

Tax Info

  • New Taxes Expense: 9750.00
  • Tax Census Tract: 5750.02
  • Tax Lot: 12
  • Tax Tract Number: 1981

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2021
Sold by
Saks Daniel E and Saks Dorothy S
Bought by
Saks Dorothy S and Saks Daniel E
Current Estimated Value
$1,332,652

Purchase Details

Closed on
Oct 15, 2020
Sold by
Saks Daniel E and Saks Dorothy
Bought by
Saks Daniel E and Saks Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,000
Outstanding Balance
$629,671
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$755,732

Purchase Details

Listed on
Nov 2, 2016
Closed on
Nov 19, 2016
Sold by
Fraumeni John D
Bought by
Saks Daniel E and Saks Dorothy S
Seller's Agent
Candice Carpenter
Coastal Elite Properties
Buyer's Agent
Daniel Jensen
Jensen Realty
List Price
$975,000
Sold Price
$1,003,500
Premium/Discount to List
$28,500
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$750,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2015
Sold by
Fraumeni John D
Bought by
The Fraumeni Family Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2014
Sold by
Framneni Lindsey A
Bought by
Fraumeni John D and Fraumeni Lindsey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2014
Sold by
Richman Kathleen A
Bought by
Fraumeni Lindsey A
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
Saks Dorothy S -- None Available
Saks Daniel E -- Fidelity National Title Co
Saks Daniel E -- Fidelity National Title Co
Saks Daniel E $1,003,500 Progressive Title
The Fraumeni Family Living Trust -- None Available
Fraumeni John D -- Title 365
Fraumeni Lindsey A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saks Daniel E $706,000
Closed Saks Daniel E $750,000
Previous Owner Fraumeni John D $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2016 12/09/16 Sold $1,003,500 +2.9% $327 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
11/02/2016 11/02/16 For Sale $975,000 -- $318 / 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 $14,979 $1,164,642 $812,407 $352,235
2024 $14,979 $1,141,807 $796,478 $345,329
2023 $14,731 $1,119,419 $780,861 $338,558
2022 $13,833 $1,097,470 $765,550 $331,920
2021 $13,559 $1,075,952 $750,540 $325,412
2019 $13,367 $1,044,041 $728,280 $315,761
2018 $12,911 $1,023,570 $714,000 $309,570
2016 $8,160 $662,741 $465,990 $196,751
2015 $7,836 $652,787 $458,991 $193,796
2014 $7,821 $642,905 $452,043 $190,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16737342

California Regional Multiple Listing Service (CRMLS)

APN: 7253-006-030