NOT LISTED FOR SALE

Estimated Value: $820,000 - $1,245,922

4 Beds
3 Baths
1,820 Sq Ft
$542/Sq Ft Est. Value

Last Sold October 10, 2018

Last sale price $680,000 $374 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,144/month

16 Days on Market

Highlights

  • Ground Level Unit
  • Ceiling Fan
  • 1-Story Property
  • Bathtub with Shower
  • West Facing Home

About This Home

As of October 2018

Nostalgic Spanish Colonial Revival Duplex in the beautiful re-gentrified neighborhood of 90018 is perfect as an income property or an owner-occupied property! Its classic architecture is enhanced with modern day features such as horizontal fencing and California desert landscaping. One unit is occupied with good, long-term tenants. The second unit will be delivered vacant and is completely renovated with wood laminate flooring, quartz countertops, stainless appliances, faux craftsman fireplace with built-in bookends and classic arches throughout. There is a third bonus workshop in the back with lots of investment potential! This property will qualify for FHA/VA financing as well.

Last Agent to Sell the Property

Ruben Davis

Ruben Davis License #01796414 Listed on: 08/22/2018

Last Buyer's Agent

Andrey Grushevskiy

Compass License #02024897

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,235

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 4,000 Sq Ft Lot
  • West Facing Home

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Additional Features

  • Ground Level Unit
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5042-007-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,235

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Nostalgic Spanish Colonial Revival Duplex in the beautiful re-gentrified neighborhood of 90018 is perfect as an income property or an owner-occupied property! Its classic architecture is enhanced with modern day features such as horizontal fencing and California desert landscaping. One unit is occupied with good, long-term tenants. The second unit will be delivered vacant and is completely renovated with wood laminate flooring, quartz countertops, stainless appliances, faux craftsman fireplace with built-in bookends and classic arches throughout. There is a third bonus workshop in the back with lots of investment potential! This property will qualify for FHA/VA financing as well.
  • Entry Location: Ground Level w/steps
  • Living Area: 1820
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 2
  • Number Refrigerator: 2
  • Fireplace Rooms: Decorative
  • Flooring: Laminate
  • Appliances: Range
  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 373.63

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Number Patio: 2
  • Pool: No

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Natural Gas
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1

Lot Info

  • Assessor Parcel Number: 5042-007-023
  • Geocode Override: No
  • Lot Size Area: 4000

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.00
  • Number Of Units: 3
  • Number Wall A C: 1
  • Rent Control: 100
  • Total Annual Expense: 6000
  • Type Of Units: Duplex
  • Vacancy Rate: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Cerda-Alvarez Christopher A and Cerda-Alvarez Jennifer C
Bought by
Cerda-Alvarez Christopher A
Current Estimated Value
$986,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Outstanding Balance
$182,578
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving
Estimated Equity
$803,653

Purchase Details

Listed on
Aug 22, 2018
Closed on
Sep 28, 2018
Sold by
Lawrance Tracey
Bought by
Cerda Alvarez Christopher A and Weikel Jennifer C
Seller's Agent
Ruben Davis
Ruben Davis
Buyer's Agent
Andrey Grushevskiy
Compass
List Price
$680,000
Sold Price
$680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$578,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2015
Closed on
Jan 15, 2016
Sold by
Idd Investments Group Inc
Bought by
Tll Investment Trust
Seller's Agent
Oscar Morales
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
Margaret Boyadjian
Keller Williams Studio City
List Price
$429,000
Sold Price
$419,000
Premium/Discount to List
-$10,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.88%

Purchase Details

Listed on
Sep 2, 2014
Closed on
Nov 26, 2014
Sold by
Wells Fargo Bank Na
Bought by
Idd Investments Group Inc
Seller's Agent
Jonathan Anozie
The Realty Exchange Firm
Buyer's Agent
Jonathan Anozie
The Realty Exchange Firm
List Price
$305,000
Sold Price
$265,000
Premium/Discount to List
-$40,000
-13.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.54%
Original Mortgage
$225,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2014
Sold by
Muralles Marina Delaluz
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 20, 2014
Sold by
Muralles Marina Delaluz
Bought by
Muralles Marina Delaluz and Muralles Maria Cristina

Purchase Details

Closed on
Dec 18, 2006
Sold by
Estrada Cesar Agusto Portillo
Bought by
Muralles Marina Delaluz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.22%

Purchase Details

Closed on
Sep 23, 1999
Sold by
Portillo Cesar
Bought by
Muralles Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 1994
Sold by
Aetna Finance Company
Bought by
Murrales Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 1994
Sold by
Portillo Cesar
Bought by
Muralles Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cerda-Alvarez Christopher A -- Wfg National Title Company Of
Cerda Alvarez Christopher A $680,000 Chicago Title Company
Tll Investment Trust $419,000 Title 365
Idd Investments Group Inc $265,000 First American Title Company
Wells Fargo Bank Na $312,555 None Available
Muralles Marina Delaluz -- None Available
Muralles Marina Delaluz -- Investors Title Gln
Muralles Marina Delaluz -- Investors Title Gln
Muralles Marina -- First American Title Co
Murrales Marina $102,000 Chicago Title
Muralles Marina -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerda-Alvarez Christopher A $190,000
Previous Owner Alvarez Christopher A Cerda $567,671
Previous Owner Cerda Alvarez Christopher A $578,000
Previous Owner Idd Investments Group Inc $225,000
Previous Owner Muralles Marina Delaluz $360,000
Previous Owner Muralles Marina $400,000
Previous Owner Muralles Marina $96,000
Previous Owner Murrales Marina $96,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2018 10/10/18 Sold $680,000 0.0% $374 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $680,000 +62.3% $374 / Sq Ft
02/10/2016 02/10/16 Sold $419,000 -2.3% $230 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $429,000 +61.9% $236 / Sq Ft
12/30/2014 12/30/14 Sold $265,000 -13.1% $146 / Sq Ft
11/13/2014 11/13/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $305,000 -- $168 / Sq Ft
Source: The MLS

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 $9,235 $758,547 $559,987 $198,560
2024 $9,235 $743,674 $549,007 $194,667
2023 $9,061 $729,093 $538,243 $190,850
2022 $8,647 $714,798 $527,690 $187,108
2021 $8,537 $700,784 $517,344 $183,440
2019 $8,333 $680,000 $502,000 $178,000
2018 $5,492 $435,927 $261,140 $174,787
2016 $3,458 $269,041 $263,965 $5,076
2015 $3,410 $265,000 $260,000 $5,000
2014 $1,946 $137,070 $85,767 $51,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-378620

The MLS

APN: 5042-007-023