NOT LISTED FOR SALE

Estimated Value: $525,000 - $781,000

10 Beds
5 Baths
4,200 Sq Ft
$162/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $510,000 $121 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,003/month

2 Days on Market

About This Home

As of March 2018

Investor alert. 5 units on 2 lots (3015-002-036 & 3015-002-035 included). There are five separate buildings; each unit is 2 bedrooms and 1 bathroom. 3 of the units have 1 car garages and there is a separate freestanding 2 car garage as well. Upside in rents. No rent control. Roofs replaced in last 4 years.

Last Agent to Sell the Property

Matias Stofenmacher

Edgestone Real Estate, Inc. License #01705003 Listed on: 02/27/2018

Co-Listed By

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,242 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 5 Car Garage

Home Design

  • 4,200 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 37
  • Tax Tract Number 15688
  • Assessor Parcel Number 3015002036

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,872
  • Pest Control $1,200
  • Trash Expense $620
  • Water Sewer Expense $1,920
  • New Taxes Expense $2,340
  • Operating Expense $11,897
  • Gross Income $41,400
  • Net Operating Income $29,503

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 3015002036
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 121.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 620.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 8242.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 2872.00
  • Net Operating Income: 29503.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 11897.00
  • Rent Control: No
  • Total Actual Rent: 3450.00
  • Total Expenses: 11897.00

Tax Info

  • New Taxes Expense: 2340.00
  • Tax Lot: 37
  • Tax Tract Number: 15688

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Mar 8, 2018
Sold by
Spotted Cow Llc
Bought by
Spssm Investments Ix Lp
Seller's Agent
Matias Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%
Current Estimated Value
$678,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,333
Avg. Annual Appreciation
3.71%

Purchase Details

Closed on
Jun 24, 2015
Sold by
Jarimillo Dario L
Bought by
Spotted Cow Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2015
Sold by
Lewinzon Corina
Bought by
Jaramillo Dario L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2015
Sold by
Spotted Cow Llc
Bought by
Jaramillo Dario L

Purchase Details

Closed on
Apr 18, 2014
Sold by
Stofenmacher Matias and Jaramillo Dario L
Bought by
Spotted Cow Llc

Purchase Details

Listed on
Nov 8, 2013
Closed on
Dec 9, 2013
Sold by
Kidman Legrand and Kidman Shirley
Bought by
Stofenmacher Matias and Jaramillo Dario L
Seller's Agent
Jeff Little
Coldwell Banker-A Hartwig Co.
Buyer's Agent
Jeff Little
Coldwell Banker Bozigian Rlty.
List Price
$239,000
Sold Price
$215,000
Premium/Discount to List
-$24,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Kidman Legrand and Kidman Shirley
Bought by
Kidman Legrand and Kidman Shirley

Purchase Details

Closed on
Mar 6, 1999
Sold by
Hattie E Foote Trust and Leslie G
Bought by
Kidman Legrand and Kidman Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
6.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spssm Investments Ix Lp $510,000 Stewart Title
Spotted Cow Llc -- Accommodation
Jaramillo Dario L -- Ticor Title Company
Jaramillo Dario L -- None Available
Spotted Cow Llc -- Accommodation
Stofenmacher Matias $214,000 First American Title Co
Kidman Legrand -- --
Kidman Legrand $72,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jaramillo Dario L $150,000
Previous Owner Kidman Legrand $57,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2018 03/27/18 Sold $510,000 +7.4% $121 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $475,000 +120.9% $113 / Sq Ft
01/02/2014 01/02/14 Sold $215,000 -10.0% $51 / Sq Ft View Prior Sale
12/06/2013 12/06/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $239,000 -- $57 / 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 $5,773 $348,171 $52,338 $295,833
2024 $5,773 $341,345 $51,312 $290,033
2023 $5,719 $334,653 $50,306 $284,347
2022 $5,503 $328,092 $49,320 $278,772
2021 $5,377 $321,659 $48,353 $273,306
2020 $5,292 $318,362 $47,858 $270,504
2019 $5,228 $312,120 $46,920 $265,200
2018 $3,315 $150,516 $19,540 $130,976
2016 $3,101 $144,673 $18,782 $125,891
2015 $2,858 $124,436 $16,319 $108,117
2014 -- $92,064 $31,965 $60,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18045326

California Regional Multiple Listing Service (CRMLS)

APN: 3015-002-036