NOT LISTED FOR SALE

Estimated Value: $621,000 - $876,000

5 Beds
3 Baths
2,388 Sq Ft
$313/Sq Ft Est. Value

Last Sold December 06, 2017

Last sale price $449,950 $188 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,731/month

85 Days on Market

Highlights

  • Property is near a park
  • Polytechnic High School Rated A-
  • No HOA

About This Home

As of December 2017

Freshly painted in and out. New flooring in each unit. Close to all the great downtown locations. Conventional financing available and if it helps, Owner will carry with $150K down at 5% interest only monthly payments, all due in 10 years.

Last Agent to Sell the Property

Barry Hildebrandt

WESTCOE REALTORS INC License #00639004 Listed on: 08/28/2017

WESTCOE REALTORS INC

Last Buyer's Agent

Barry Hildebrandt

WESTCOE REALTORS INC License #00639004 Listed on: 08/28/2017

WESTCOE REALTORS INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,562

Year Built

  • Built in 1903

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,388 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer
  • Tax Lot 5
  • Tax Tract Number 5
  • Assessor Parcel Number 214062003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $1,202
  • Maintenance Expense $1,283
  • Professional Management Expense $2,875
  • Supplies Expense $383
  • Trash Expense $1,068
  • Water Sewer Expense $1,235
  • New Taxes Expense $5,004
  • Operating Expense $13,585
  • Gross Income $25
  • Net Operating Income $19,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,562

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.38
  • Price Per Unit: 149983
  • Professional Management Expense: 2875.00
  • Property Attached: Yes
  • Supplies Expense: 383.00
  • Water Sewer Expenses: 1235.00
  • Zoning: R1065
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 214062003
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 188.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1068.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Garage Rental Rate: 25.00
  • Tenant Pays: Electricity, Gas, Sewer

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average3 Bed Area: 1188 Square Feet
  • Gross Income: 25.00
  • Gross Multiplier: 13.11
  • Gross Operating Income: 33290.00
  • Gross Scheduled Income: 34320.00
  • Insurance Expense: 1202.00
  • Maintenance Expense: 1283.00
  • Maintenance Percent: 3.50
  • Net Operating Income: 19705.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 4
  • Operating Expense: 13585.00
  • Operating Expense Percent: 41.00
  • Rent Control: No
  • Total Expenses: 13585.00
  • Vacancy Allowance: 1030
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5004.00
  • Tax Census Tract: 303.00
  • Tax Lot: 5
  • Tax Tract Number: 05/178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Dec 4, 2017
Sold by
Rizzo Albert P
Bought by
3W Holdings Llc
Seller's Agent
Barry Hildebrandt
WESTCOE REALTORS INC
Buyer's Agent
Barry Hildebrandt
WESTCOE REALTORS INC
List Price
$449,950
Sold Price
$449,950
Current Estimated Value
$772,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,765
Avg. Annual Appreciation
8.08%
Original Mortgage
$300,000
Outstanding Balance
$253,753
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$562,315

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 16, 2017
Sold by
Rizzo Albert P
Bought by
Rizzo Albert P
Seller's Agent
Barry Hildebrandt
WESTCOE REALTORS INC
Buyer's Agent
Barry Hildebrandt
WESTCOE REALTORS INC
List Price
$449,950
Sold Price
$449,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$253,753
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$562,315

Purchase Details

Closed on
Oct 2, 2009
Sold by
Rizzo Albert P
Bought by
Rizzo Albert P

Purchase Details

Closed on
Apr 15, 2004
Sold by
Russo John A and Russo Joanne N
Bought by
Rizzo Albert P

Purchase Details

Closed on
Jul 15, 2002
Sold by
Rizzo Helen
Bought by
Rizzo Albert P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 16, 2002
Sold by
Russo John A and Rizzo Albert P
Bought by
Russo John A and Russo Joanne N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 24, 2001
Sold by
Ash William Lewis and Ash Diane
Bought by
Russo John A and Rizzo Albert P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 1994
Sold by
Webster William F and Webster Carol J
Bought by
Ash William Lewis and Ash Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
8.57%
Mortgage Type
Commercial
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
3W Holdings Llc $450,000 Fidelity National Title Ie
Rizzo Albert P -- First American Title Company
Rizzo Albert P -- None Available
Rizzo Albert P $175,750 Fnt
Rizzo Albert P -- Fidelity National Title
Russo John A -- Fidelity National Title Ins
Russo John A $95,000 Fidelity National Title Ins
Ash William Lewis $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3W Holdings Llc $300,000
Closed Rizzo Albert P $50,000
Previous Owner Russo John A $120,000
Previous Owner Russo John A $106,000
Previous Owner Ash William Lewis $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2017 12/06/17 Sold $449,950 0.0% $188 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
09/09/2017 09/09/17 For Sale $449,950 0.0% $188 / Sq Ft
09/02/2017 09/02/17 Off Market $449,950 -- --
08/28/2017 08/28/17 For Sale $459,950 -- $193 / 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 $5,562 $921,406 $102,402 $819,004
2023 $5,562 $492,028 $98,427 $393,601
2022 $5,436 $482,382 $96,498 $385,884
2021 $5,363 $472,924 $94,606 $378,318
2020 $5,322 $468,075 $93,636 $374,439
2019 $5,222 $458,898 $91,800 $367,098
2018 $5,120 $449,900 $90,000 $359,900
2017 $4,912 $430,593 $73,495 $357,098
2016 $4,596 $422,151 $72,054 $350,097
2015 $4,531 $415,812 $70,973 $344,839
2014 $4,489 $407,669 $69,584 $338,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17178632

California Regional Multiple Listing Service (CRMLS)

APN: 214-062-003