NOT LISTED FOR SALE

Estimated Value: $562,000 - $834,000

4 Beds
2 Baths
1,792 Sq Ft
$412/Sq Ft Est. Value

Last Sold April 12, 2013

Last sale price $246,000 $137 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $4,161/month

23 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • No HOA
  • Property is near park and public transit
  • Private Yard
  • Living Room

About This Home

As of April 2013

"STANDARD SALE"...."ZONED LARD2", 1,792 SQ. FT. DUPLEX (PER ASSESSOR)....NICE, LARGE DUPLEX, SIDE BY SIDE, SINGLE STORY WITH TREMENDOUS INVESTMENT AND POSITIVE CASH FLOW POTENTIAL. LOCATED ON A STREET WITH LARGE, WELL KEPT, 2 STORY HOMES WITH MANICURED LAWNS. EXCELLENT INVESTMENT FOR AN INVESTOR SEEKING A POSITIVE CASH FLOW. 2 SPACIOUS BEDROOMS AND 1 BATHROOM IN EACH UNIT. LARGE, SPACIOUS, 7,100 SQ. FT. LOT (PER ASSESSOR). ALLEY ACCESS. CLOSE TO SCHOOLS, SHOPPING, COLLEGE, PARKS, FREEWAY AND PUBLIC TRANSPORTATION. THIS IS A "STANDARD SALE" WITHOUT THE HASSLES OF A SHORT SALE, REO OR FORECLOSURE PURCHASE OR THE UNCERTAINTY OF A PROBATE PURCHASE."STANDARD SALE"

Last Agent to Sell the Property

Dwight Heard

Heard Real Estate Company, Inc. License #00816094 Listed on: 03/16/2013

Last Buyer's Agent

David Norman

Boardwalk Real Estate, Inc. License #01116835

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,123 Sq Ft Lot
  • Lot Dimensions are 142.5 x 50
  • Property fronts an alley
  • No Common Walls
  • Partially Fenced Property
  • Chain Link Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Parking Available
  • Uncovered Parking
  • Off-Street Parking
  • RV Potential

Location

  • Property is near park and public transit
  • Urban Location

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 28 / 7
  • Tax Tract Number 2284
  • Assessor Parcel Number 5113024007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $800
  • Maintenance Expense $600
  • Water Sewer Expense $1,500
  • New Taxes Expense $3,063
  • Gross Income $2,250
  • Net Operating Income $20,437

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5113024007
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 137.28
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Fencing: Chain Link, Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, RV Potential, Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside, Individual Room, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre, Front Yard, Level, Rectangular Lot, Lot 6500-9999, Paved, Park Nearby, Near Public Transit, Yard
  • Lot Size: 142.5 X 50
  • Lot Size Sq Ft: 7123.00
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 896
  • Gross Income: 2250.00
  • Gross Scheduled Income: 27000.00
  • Gross Spendable Income: 20437.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7123.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 20437.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6563.00
  • Rent Control: Yes
  • Total Actual Rent: 2250.00

Tax Info

  • New Taxes Expense: 3063.00
  • Tax Block: 7
  • Tax Lot: 28
  • Tax Tract Number: 2284
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2020
Sold by
Hakimian Amir and Hakimian Roza
Bought by
Hakimian Amir and Hakimian Roza
Current Estimated Value
$738,159

Purchase Details

Listed on
Mar 16, 2013
Closed on
Apr 2, 2013
Sold by
Pearson Rostine and Rostine Pearson Living Trust
Bought by
Hakimian Amir and Hakimian Roza
Seller's Agent
Dwight Heard
Heard Real Estate Company, Inc.
Buyer's Agent
David Norman
Boardwalk Real Estate, Inc.
List Price
$245,000
Sold Price
$246,000
Premium/Discount to List
$1,000
0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Closed on
Sep 17, 2009
Sold by
Pearson Rostine
Bought by
Pearson Rostine and Rostine Pearson Living Trust
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
Hakimian Amir -- None Available
Hakimian Amir $246,000 Old Republic Title Company
Pearson Rostine -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2013 04/12/13 Sold $246,000 +0.4% $137 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
03/16/2013 03/16/13 For Sale $245,000 -- $137 / 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 $3,936 $302,920 $246,282 $56,638
2024 $3,936 $296,981 $241,453 $55,528
2023 $3,866 $291,159 $236,719 $54,440
2022 $3,694 $285,451 $232,078 $53,373
2021 $3,643 $279,855 $227,528 $52,327
2020 $3,675 $276,986 $225,195 $51,791
2019 $3,539 $271,556 $220,780 $50,776
2018 $3,443 $266,232 $216,451 $49,781
2016 $3,278 $255,896 $208,047 $47,849
2015 $3,233 $252,053 $204,922 $47,131
2014 $3,256 $247,116 $200,908 $46,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13046538

California Regional Multiple Listing Service (CRMLS)

APN: 5113-024-007