NOT LISTED FOR SALE

Estimated Value: $798,000 - $875,000

4 Beds
3 Baths
1,918 Sq Ft
$436/Sq Ft Est. Value

Last Sold April 03, 2024

Last sale price $825,000 $430 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,877/month

171 Days on Market

Highlights

  • Quartz Countertops
  • 1-Story Property
  • North Facing Home
  • Bungalow
  • Ceiling Fan
  • Front Yard

About This Home

As of April 2024

Back on the Market Buyer could not perform due to loss of work!! Beautifully updated Tri-plex!!! This is a must see, with Recently Updated Electrical, Plumbing, Roof, Bathrooms and Kitchens TOO MANY UPDATES TO LIST. Great opportunity to invest and just collect rent. All units are tenant occupied. Two of the three units are Section 8 tenants and are paying market rents. Third tenant has been paying on time for many years. Please drive by this one will not last and its at a 7% Cap Rate.

Last Agent to Sell the Property

Edmar Costa

Engel & Völkers Beverly Hills License #01474018 Listed on: 09/22/2023

Engel & Völkers Beverly Hills

Last Buyer's Agent

Jose Leiva

Century 21 Allstars License #01219706

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 4,999 Sq Ft Lot
  • North Facing Home
  • Front Yard

Home Design

  • Triplex
  • Bungalow
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,918 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • The owner pays for water, gardener
  • Assessor Parcel Number 5113-015-011

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1907 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 1918
  • Lot Acreage: 0.1148
  • Property Condition: Updated/Remodeled
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Wood Laminate
  • Appliances: Gas
  • Bedrooms: 4
  • Kitchen Features: Counter Top, Quartz Counters, Remodeled
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Hood Fan, Range/Oven
  • Price Per S Q F T: 430.14

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 35.25
  • Assessed Improvement Value: 118309
  • Assessed Land Percent: 64.75
  • Assessed Land Value: 217307
  • Total Assessed Value: 335616
  • Assessor Parcel Number: 5113-015-011
  • Lot Description: Front Yard
  • Lot Location: Alley Access
  • Lot Size Area: 4999

Rental Info

  • Total Actual Rent: 6119.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.30
  • Number Of Units: 3
  • Type Of Units: Tri-plex
  • Vacancy Allow Percent: 100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Mar 27, 2024
Sold by
402 E 43Rd Pl Owners Llc
Bought by
Delos Rios Sonia Lara and Silva Victor
Seller's Agent
Edmar Costa
Engel & Völkers Beverly Hills
Buyer's Agent
Jose Leiva
Century 21 Allstars
List Price
$825,000
Sold Price
$825,000
Views
137
Current Estimated Value
$835,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,785
Avg. Annual Appreciation
0.74%
Original Mortgage
$618,750
Outstanding Balance
$608,396
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$227,389

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 10, 2023
Sold by
Ricks Alan J and Ricks Deborah E
Bought by
402 E 43Rd Pl Owner Llc
Seller's Agent
Edmar Costa
Engel & Völkers Beverly Hills
Buyer's Agent
Edmar Costa
Engel & Völkers Beverly Hills
List Price
$530,000
Sold Price
$470,000
Premium/Discount to List
-$60,000
-11.32%
Views
73

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.09%

Purchase Details

Closed on
Feb 4, 2020
Sold by
Ricks Alan J and Freia Barbara D
Bought by
Ricks Alan J and Ricks Deborah E

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
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Ricks Alan J and Freia Barbara D
Bought by
Ricks Alan J and Freia Barbara D

Purchase Details

Closed on
Jan 31, 2011
Sold by
Ricks Alan J and Freia Barbara D
Bought by
Ricks Alan J and Freia Barbara D

Purchase Details

Closed on
Jul 22, 2004
Sold by
Ricks Barbara A and Ricks Trust
Bought by
Ricks Barbara A and Ricks Trust
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
Delos Rios Sonia Lara $825,000 Usa National Title Company
402 E 43Rd Pl Owner Llc $470,000 Usa National Title
Ricks Alan J -- Orange Coast Title
Ricks Alan J -- None Available
Ricks Alan J -- None Available
Ricks Barbara A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delos Rios Sonia Lara $618,750
Previous Owner Ricks Alan J $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2024 04/03/24 Sold $825,000 0.0% $430 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $825,000 0.0% $430 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/19/2024 01/19/24 Price Changed $825,000 0.0% $430 / Sq Ft
01/19/2024 01/19/24 For Sale $825,000 0.0% $430 / Sq Ft
12/06/2023 12/06/23 Off Market $825,000 -- --
09/22/2023 09/22/23 For Sale $769,999 +63.8% $401 / Sq Ft
01/30/2023 01/30/23 Sold $470,000 -7.8% $245 / Sq Ft View Prior Sale
01/11/2023 01/11/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $510,000 -3.8% $266 / Sq Ft
11/04/2022 11/04/22 For Sale $530,000 -- $276 / Sq Ft
Source: The MLS

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 $6,128 $841,500 $739,500 $102,000
2024 $6,128 $479,400 $428,400 $51,000
2023 $4,483 $342,328 $221,653 $120,675
2022 $4,282 $335,616 $217,307 $118,309
2021 $4,223 $329,037 $213,047 $115,990
2020 $4,261 $325,904 $210,863 $115,041
2019 $4,102 $319,519 $206,729 $112,790
2018 $4,035 $313,260 $202,676 $110,584
2016 $3,844 $300,866 $194,806 $106,060
2015 $3,841 $296,347 $191,880 $104,467
2014 $3,822 $290,543 $188,122 $102,421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-314275

The MLS

APN: 5113-015-011