NOT LISTED FOR SALE

Estimated Value: $223,000 - $595,000

5 Beds
2 Baths
1,800 Sq Ft
$243/Sq Ft Est. Value

Last Sold April 04, 2013

Last sale price $199,000 $111 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,517/month

27 Days on Market

Highlights

  • Spanish Architecture
  • Carpet
  • No Heating

About This Home

As of April 2013

Great investment opportunity. Two separate units and a separate detached one car garage. Large lot. Front unit is 3 bedrooms and 1 bath and rear unit is 2 bedrooms and 1 bath. Good potential to add on. Seller is installing a new roof. Building square footage is an estimate. Buyer to verify square footage.

Last Agent to Sell the Property

Curtis Beitel

HomeSmart, Evergreen Realty License #00814519 Listed on: 01/26/2013

HomeSmart, Evergreen Realty

Last Buyer's Agent

Rob Murray

Vista Sotheby's International Realty License #00898968

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 9,583

Parking

  • 2 Parking Spaces

Home Design

  • 1,800 Sq Ft Home
  • Spanish Architecture
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • 9,583 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, trash collection, water
  • Tax Lot 136
  • Assessor Parcel Number 181091061

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Gardener Expense $60
  • Insurance Expense $32
  • New Taxes Expense $2,487
  • Gross Income $1,860
  • Net Operating Income $22,210

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 11.16
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 181091061
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 110.56

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Water

Multi Family

  • Gross Income: 1860.00
  • Gross Multiplier: 8.92
  • Gross Scheduled Income: 22320.00
  • Insurance Expense: 32.00
  • Net Operating Income: 22210.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Operating Expense: 110.00
  • Total Actual Rent: 1900.00

Tax Info

  • New Taxes Expense: 2487.00
  • Tax Area: 28108
  • Tax Lot: 136
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2013
Closed on
Mar 16, 2013
Sold by
Nguyen Minh
Bought by
Knott Robert
Seller's Agent
Curtis Beitel
HomeSmart, Evergreen Realty
Buyer's Agent
Rob Murray
Vista Sotheby's International Realty
List Price
$199,000
Sold Price
$199,000
Current Estimated Value
$438,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,146
Avg. Annual Appreciation
6.40%
Original Mortgage
$195,395
Outstanding Balance
$137,885
Interest Rate
3.54%
Mortgage Type
FHA
Estimated Equity
$300,261

Purchase Details

Closed on
Mar 15, 2000
Sold by
Le Trang T
Bought by
Nguyen Minh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,900
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2000
Sold by
Hud
Bought by
Nguyen Minh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,900
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jul 1, 1998
Sold by
Guzman Humberto
Bought by
Hvg Holding Group Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knott Robert $199,000 Ticor Title Company
Nguyen Minh -- Orange Coast Title
Nguyen Minh $45,500 Orange Coast Title
Hud -- Landsafe Title
Countrywide Home Loans Inc $108,326 Landsafe Title
Hvg Holding Group Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knott Robert $195,395
Previous Owner Nguyen Minh $81,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2013 04/04/13 Sold $199,000 0.0% $111 / Sq Ft
02/22/2013 02/22/13 Pending -- -- --
01/26/2013 01/26/13 For Sale $199,000 -- $111 / 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 $2,662 $245,039 $73,878 $171,161
2023 $2,662 $235,525 $71,010 $164,515
2022 $2,590 $230,908 $69,618 $161,290
2021 $2,578 $226,381 $68,253 $158,128
2020 $2,552 $224,061 $67,554 $156,507
2019 $2,411 $219,669 $66,230 $153,439
2018 $2,332 $215,363 $64,932 $150,431
2017 $2,390 $211,141 $63,659 $147,482
2016 $2,355 $207,002 $62,411 $144,591
2015 $2,322 $203,895 $61,475 $142,420
2014 $2,181 $199,903 $60,272 $139,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S724247

California Regional Multiple Listing Service (CRMLS)

APN: 181-091-061