NOT LISTED FOR SALE

Estimated Value: $1,673,278 - $1,834,000

7 Beds
7 Baths
3,865 Sq Ft
$454/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $1,025,000 $265 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $11,426/month

58 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 5 Car Garage
  • Front Yard
  • No HOA
  • Paved or Partially Paved Lot

About This Home

As of June 2017

Great Investment property, Few units have remodeled laminated floors and Linoleum kitchen floors. Good overall condition . Do not miss this Great opportunity to own and rent Great Location and potential rental Income.

Last Agent to Sell the Property

Bertha Saavedra

Century 21 Allstars License #01730666 Listed on: 03/08/2017

Century 21 Allstars

Last Buyer's Agent

Judy Ragland

J. Ragland, Broker License #01229543

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 10,510 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 3,865 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 634
  • Tax Tract Number 1453
  • Assessor Parcel Number 4015004008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units

Building Details

  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $2,400
  • Other Expense $140
  • Water Sewer Expense $5,880
  • New Taxes Expense $8,678
  • Operating Expense $17,098
  • Gross Income $58,800
  • Net Operating Income $41,702

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 5880.00
  • Zoning: INR3*
  • Property Type: Residential Income
  • Parcel Number: 4015004008
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 265.20
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 10510.00

Multi Family

  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 41702.00
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 17098.00
  • Other Expense: 140.00
  • Other Expense Description: licenses
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 17098.00

Tax Info

  • New Taxes Expense: 8678.00
  • Tax Census Tract: 6009.02
  • Tax Lot: 634
  • Tax Tract Number: 1453

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2017
Closed on
May 11, 2017
Sold by
Arellanes Javier and Arellanes Ofelia
Bought by
Minky May Llc
Seller's Agent
Bertha Saavedra
Century 21 Allstars
Buyer's Agent
Judy Ragland
J. Ragland, Broker
List Price
$1,010,000
Sold Price
$1,025,000
Premium/Discount to List
$15,000
1.49%
Current Estimated Value
$1,753,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,639
Avg. Annual Appreciation
6.44%
Original Mortgage
$1,015,772
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2007
Sold by
Urbina Teodulo Rubio and Urbina Amparo P
Bought by
Arellanes Javier and Arellanes Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
6.21%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 1, 1994
Sold by
Rojas Jose Santos and Rojas Maria Olimpia
Bought by
Glendale Federal Bank Fsb
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
Minky May Llc $1,025,000 Old Republic Title Company
Arellanes Javier -- Security Union Title
Glendale Federal Bank Fsb $277,844 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Minky May Llc $1,015,772
Previous Owner Arellanes Javier $371,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2017 06/16/17 Sold $1,025,000 0.0% $265 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
04/29/2017 04/29/17 Off Market $1,025,000 -- --
04/29/2017 04/29/17 For Sale $1,010,000 -1.5% $261 / Sq Ft
04/16/2017 04/16/17 Off Market $1,025,000 -- --
04/16/2017 04/16/17 For Sale $1,010,000 -1.5% $261 / Sq Ft
03/21/2017 03/21/17 Off Market $1,025,000 -- --
03/08/2017 03/08/17 For Sale $1,010,000 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $27,716 $1,992,946 $1,792,379 $200,567
2024 $26,091 $1,953,870 $1,757,235 $196,635
2023 $25,815 $1,915,560 $1,722,780 $192,780
2022 $26,305 $1,878,000 $1,689,000 $189,000
2021 $16,311 $1,099,005 $750,540 $348,465
2019 $15,374 $1,067,110 $728,280 $338,830
2018 $15,230 $1,046,200 $714,000 $332,200
2016 $8,678 $565,509 $368,747 $196,762
2015 $8,596 $557,016 $363,209 $193,807
2014 $8,611 $546,106 $356,095 $190,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17050205

California Regional Multiple Listing Service (CRMLS)

APN: 4015-004-008