NOT LISTED FOR SALE

3918 Paddy Ln Baldwin Park, CA 91706

Estimated Value: $1,101,000 - $1,397,000

8 Beds
4 Baths
3,248 Sq Ft
$389/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $1,120,000 $345 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,217/month

14 Days on Market

Highlights

  • Laundry Room
  • Floor Furnace
  • Level Lot

About This Home

As of July 2021

3918 Paddy Lane is a double story 4-unit multifamily property located in Baldwin Park, CA. All units are 2B+1B.
Residents benefit from covered parking and an onsite laundry facility, an added source of income for the owner.
This is a non-rent-controlled property. All units are separately metered for gas and electricity.

3918 Paddy Lane is centrally located near the 10 and 605 freeways. Residents enjoy the convenience of being close to
numerous local grocery stores and eateries, the Baldwin Park Metrolink Station, Morgan Park, and Kaiser
Permanente. The Santa Fe Dam Recreation Area, which offers picnic areas, hiking and mountain biking trails,
camping sites, sailing areas, lakes, and beaches, is a nice local getaway for residents.

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 04/20/2021

Keller Williams - Eagle Rock

Last Buyer's Agent

Francisco Gomez

Francisco Gomez, Broker License #01181819

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,923

Year Built

  • Built in 1960

Lot Details

  • 6,208 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 21786
  • Assessor Parcel Number 8553026004

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $600
  • Insurance Expense $1,150
  • Trash Expense $1,680
  • Water Sewer Expense $1,320
  • New Taxes Expense $12,673
  • Operating Expense $21,414
  • Gross Income $74,400
  • Net Operating Income $51,161

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,923

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1320.00
  • Zoning: BPRG*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8553026004
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 344.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6208.00
  • Lot Size Acres: 0.1425

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 74400.00
  • Gross Scheduled Income: 72575.00
  • Insurance Expense: 1150.00
  • Lot Size Area: 6208.0000 Square Feet
  • Net Operating Income: 51161.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21414.00
  • Rent Control: No
  • Total Actual Rent: 6200.00
  • Total Expenses: 21414.00

Tax Info

  • New Taxes Expense: 12673.00
  • Tax Census Tract: 4052.02
  • Tax Lot: 4
  • Tax Tract Number: 21786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jul 26, 2021
Sold by
Soto Cynthia and Soto Gabriel A
Bought by
Soto Cynthia
Seller's Agent
Jag Singh
Keller Williams - Eagle Rock
Buyer's Agent
Francisco Gomez
Francisco Gomez, Broker
List Price
$1,100,000
Sold Price
$1,120,000
Premium/Discount to List
$20,000
1.82%
Current Estimated Value
$1,262,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,639
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
May 7, 2021
Sold by
Pi Properties No 165 Llc
Bought by
Soto Cynthia and Robles Gabriel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 5, 2018
Sold by
Bustamante Homer R
Bought by
Pi Properties No 165 Llc
Seller's Agent
LAUREL STARKS
KELLER WILLIAMS EMPIRE ESTATES
Buyer's Agent
Karama Carter
Keller Williams Downtown LA
List Price
$775,000
Sold Price
$800,000
Premium/Discount to List
$25,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
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
Soto Cynthia -- Accommodation
Soto Cynthia $1,120,000 Stewart Title Of Ca Inc
Pi Properties No 165 Llc $800,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soto Cynthia $784,000
Previous Owner Bustamante Homer R $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $1,120,000 +1.8% $345 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,100,000 +37.5% $339 / Sq Ft
03/28/2018 03/28/18 Sold $800,000 +3.2% $246 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $775,000 -- $239 / 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 $14,923 $1,188,550 $475,420 $713,130
2024 $14,923 $1,165,247 $466,099 $699,148
2023 $14,773 $1,142,400 $456,960 $685,440
2022 $15,072 $1,120,000 $448,000 $672,000
2021 $11,686 $840,942 $336,377 $504,565
2020 $11,661 $832,320 $332,928 $499,392
2019 $10,965 $816,000 $326,400 $489,600
2018 $4,988 $330,614 $178,259 $152,355
2016 $4,688 $317,778 $171,338 $146,440
2015 $4,793 $313,006 $168,765 $144,241
2014 $4,745 $306,876 $165,460 $141,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21082867

California Regional Multiple Listing Service (CRMLS)

APN: 8553-026-004