NOT LISTED FOR SALE

Estimated Value: $860,000 - $992,000

5 Beds
4 Baths
2,148 Sq Ft
$433/Sq Ft Est. Value

Last Sold April 12, 2016

Last sale price $506,000 $236 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,539/month

13 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Abraham Lincoln High School Rated A
  • 3 Car Garage

About This Home

As of April 2016

Three units on one lot. The complex contains one single family residence that is a 3 bedroom/1 bath and one two-story duplex building offering two 1 bedroom/1 bath units. This is a fixer/rehab opportunity. The lot is situated between Rosemead & El Sereno Avenues with a street-to-street presentation. The single family residence faces Rosemead Avenue and the two story duplex and garage building face El Sereno Avenue. Because of the physical condition of the structures, conventional financing will be difficult to obtain. When considering this investment opportunity, please keep this in mind. The rents in this proposal for the SFR and downstairs duplex unit are projected, based on a rehabilitation of the asset. Seller to select services.

Last Agent to Sell the Property

Jim Gilb

James F. Gilb License #00998653 Listed on: 02/16/2016

James F. Gilb

Last Buyer's Agent

Jim Gilb

James F. Gilb License #00998653 Listed on: 02/16/2016

James F. Gilb

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1951

Lot Details

  • 6,356 Sq Ft Lot
  • Lot Dimensions are 50x114

Parking

  • 3 Car Garage

Home Design

  • Midcentury Modern Architecture
  • Composition Roof

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5306-012-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2148
  • Lot Dimensions: 50x114
  • Probate: No
  • Stories: 2
  • Year Built: 1951
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 230.45

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 46284
  • Assessed Land Value: 12621
  • Assessor Parcel Number: 5306-012-036
  • Geocode Override: No
  • Lot Size Area: 6356

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.75
  • Number Of Units: 3
  • Rent Control: 100%
  • Total Annual Expense: 13887
  • Type Of Units: Apartments
  • Vacancy Rate: $1,800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Apr 6, 2016
Sold by
Mosteller Victoria Guerrero and Louis & Lucille Guerrero 2009
Bought by
Levy David and Saraie Natasha
Seller's Agent
Jim Gilb
James F. Gilb
Buyer's Agent
Jim Gilb
James F. Gilb
List Price
$495,000
Sold Price
$506,000
Premium/Discount to List
$11,000
2.22%
Current Estimated Value
$930,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,799
Avg. Annual Appreciation
6.60%
Original Mortgage
$379,500
Outstanding Balance
$300,073
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$630,726

Purchase Details

Closed on
May 20, 2009
Sold by
Guerrero Louis and Guerrero Lucille
Bought by
Guerrero Louis T and Guerrero Lucille
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
Levy David $506,000 North American Title
Guerrero Louis T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy David $379,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2016 04/12/16 Sold $506,000 +2.2% $236 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $495,000 -- $230 / 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 $8,000 $634,022 $378,812 $255,210
2024 $7,885 $621,591 $371,385 $250,206
2023 $7,737 $609,403 $364,103 $245,300
2022 $7,385 $597,455 $356,964 $240,491
2021 $7,288 $585,741 $349,965 $235,776
2020 $7,358 $579,736 $346,377 $233,359
2019 $376 $536,970 $339,586 $197,384
2018 $6,620 $526,442 $332,928 $193,514
2016 $917 $59,802 $12,813 $46,989
2015 $906 $58,905 $12,621 $46,284
2014 $929 $57,752 $12,374 $45,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-981979

The MLS

APN: 5306-012-036