NOT LISTED FOR SALE

Estimated Value: $960,000 - $1,116,000

10 Beds
8 Baths
5,388 Sq Ft
$188/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $925,000 $172 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,440/month

13 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • 0.69 Acre Lot
  • Forced Air Heating System

About This Home

As of July 2022

Beautiful Residential income property. Units consists of two 3/2's & two 2/2's. The three bedroom units contain a fireplace and laundry closet. Each unit features a large back yard and a 2 car garage, interior laundry, extra long driveways and even guest parking.

Last Agent to Sell the Property

Eric Polo

Realty One Group United License #01830939 Listed on: 05/23/2022

Realty One Group United

Last Buyer's Agent

Tsung Hsin Liu

Tsung Hsin Liu License #01915330

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.69 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 16 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,388 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 3
  • Tax Tract Number 45535
  • Assessor Parcel Number 3018016046

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $300
  • Gardener Expense $3,000
  • Insurance Expense $2,070
  • Trash Expense $2,196
  • Water Sewer Expense $3,000
  • New Taxes Expense $12,000
  • Operating Expense $23,011
  • Gross Income $72,876
  • Net Operating Income $49,865

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

16

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: PDR1*
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 3018016046
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 171.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2196.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 29949.00
  • Lot Size Acres: 0.6875

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 72876.00
  • Gross Scheduled Income: 72876.00
  • Insurance Expense: 2070.00
  • Lot Size Area: 29949.0000 Square Feet
  • Net Operating Income: 49865.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Operating Expense: 23011.00
  • Rent Control: No
  • Total Actual Rent: 6117.00
  • Total Expenses: 23011.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 9106.01
  • Tax Lot: 3
  • Tax Tract Number: 45535

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Jun 12, 2020
Sold by
Estey Michael R
Bought by
Espino Efren
Seller's Agent
Phillip Levy
Berkshire HomeServices California Properties
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$749,900
Sold Price
$710,000
Premium/Discount to List
-$39,900
-5.32%
Current Estimated Value
$1,014,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,912
Avg. Annual Appreciation
6.70%
Original Mortgage
$481,300
Outstanding Balance
$420,438
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$594,474

Purchase Details

Closed on
Oct 25, 2012
Sold by
Estey Terri K
Bought by
Estey Michael R

Purchase Details

Closed on
Jun 22, 2010
Sold by
Mendieta Juan
Bought by
Rms Residential Properties Llc

Purchase Details

Closed on
Apr 11, 2007
Sold by
Tran Eric
Bought by
Mendieta Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2004
Sold by
Nguyen Evelyn
Bought by
Tran Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2004
Sold by
Quoevu Nhat
Bought by
Tran Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2002
Sold by
Kangas Earl J
Bought by
Vu Nhat Quoe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.29%

Purchase Details

Closed on
Jun 8, 2000
Sold by
Kangas Earl J
Bought by
Kangas Earl J and Kangas Shirley J

Purchase Details

Closed on
Mar 30, 1999
Sold by
Kangas Earl J
Bought by
Kangas Earl J and Kangas Shirley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
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
Espino Efren $715,000 First American Title Co
Estey Michael R -- Netco Title Company
Estey Michael R $386,000 Netco Title Company
Rms Residential Properties Llc $476,077 Accommodation
Mendieta Juan $730,000 Orange Coast Title Company
Mendieta Juan -- Orange Coast Title Company
Tran Eric -- Security Union Title
Tran Eric $265,909 Security Union Title
Vu Nhat Quoe $350,000 Fidelity Title
Kangas Earl J -- Fidelity National Title Co
Kangas Earl J -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espino Efren $481,300
Previous Owner Mendieta Juan $650,000
Previous Owner Tran Eric $315,000
Previous Owner Vu Nhat Quoe $280,000
Previous Owner Kangas Earl J $231,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2022 07/18/22 Sold $925,000 -0.5% $172 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $929,900 +31.0% $173 / Sq Ft
07/02/2020 07/02/20 Sold $710,000 -5.3% $132 / Sq Ft View Prior Sale
06/25/2020 06/25/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $749,900 -- $139 / 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 $13,652 $962,370 $145,656 $816,714
2024 $13,652 $943,500 $142,800 $800,700
2023 $13,521 $925,000 $140,000 $785,000
2022 $10,899 $729,300 $109,140 $620,160
2021 $10,673 $715,000 $107,000 $608,000
2020 $7,304 $434,624 $65,304 $369,320
2019 $7,217 $426,103 $64,024 $362,079
2018 $7,117 $417,749 $62,769 $354,980
2016 $6,604 $401,530 $60,333 $341,197
2015 $6,548 $395,499 $59,427 $336,072
2014 $6,482 $387,752 $58,263 $329,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22101378

California Regional Multiple Listing Service (CRMLS)

APN: 3018-016-046