NOT LISTED FOR SALE

Estimated Value: $455,628 - $648,000

-- Bed
4 Baths
1,100 Sq Ft
$495/Sq Ft Est. Value

Last Sold June 17, 2015

Last sale price $235,000 $214 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $3,112/month

44 Days on Market

About This Home

As of June 2015

Great investment 4 unit complex. All units are studios with, kitchenette, room and bathroom. Very close to freeway access. Units located at the end of a Cul De Sac. All units are fully committed. Large parking area and park like grass area for the tenants. Parking area is lit and a chain link fence provides a barrier to the street for security.

Last Agent to Sell the Property

Josh Huizar

CORCORAN GLOBAL LIVING License #01879833 Listed on: 03/10/2015

CORCORAN GLOBAL LIVING

Last Buyer's Agent

Tony Haddad

DYNASTY REAL ESTATE License #01744006

DYNASTY REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 4 Bathrooms
  • 1,100 Sq Ft Home
  • Carpet

Parking

  • 8 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 423
  • Assessor Parcel Number 247102005

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,000
  • Trash Expense $708
  • Water Sewer Expense $900
  • New Taxes Expense $1,809
  • Gross Income $1,800
  • Net Operating Income $18,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 247102005
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Conventional Septic
  • Trash Expense: 708.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Price Per Lot Square Foot: 31.74
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average Studio Area: 275
  • Electric Expense: 300.00
  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 18696.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2904.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1809.00
  • Tax Lot: 11
  • Tax Tract Number: 423
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 23, 2015
Sold by
Kupka Mike
Bought by
Mojabe Mohammad R and Mojabe Elizabeth
Seller's Agent
Josh Huizar
CORCORAN GLOBAL LIVING
Buyer's Agent
Tony Haddad
DYNASTY REAL ESTATE
List Price
$275,000
Sold Price
$235,000
Premium/Discount to List
-$40,000
-14.55%
Current Estimated Value
$544,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,657
Avg. Annual Appreciation
8.29%
Original Mortgage
$120,000
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2003
Sold by
Kupka Yvonne R
Bought by
Kupka Mike

Purchase Details

Closed on
Nov 20, 2002
Sold by
Montes Noel
Bought by
Kupka Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 1999
Sold by
Noel Montes
Bought by
Montes Noel and Montes Maribel C

Purchase Details

Closed on
Apr 4, 1996
Sold by
Western Financial Svgs Bank Fsb
Bought by
Montes Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,100
Interest Rate
7.8%
Mortgage Type
Seller Take Back
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
Mojabe Mohammad R $235,000 Chicago Title Inland Empire
Kupka Mike -- Fidelity Natl Title Ins Co
Montes Noel -- Fidelity Natl Title Ins Co
Kupka Mike $130,000 Fidelity National Title
Montes Noel -- --
Montes Noel $24,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mojabe Mohammad R $120,000
Previous Owner Kupka Mike $97,500
Previous Owner Montes Noel $34,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2015 06/17/15 Sold $235,000 -14.5% $214 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $275,000 -- $250 / 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 $3,188 $282,423 $96,143 $186,280
2023 $3,188 $271,458 $92,410 $179,048
2022 $3,106 $266,137 $90,599 $175,538
2021 $3,052 $260,920 $88,823 $172,097
2020 $3,029 $258,246 $87,913 $170,333
2019 $2,974 $253,184 $86,190 $166,994
2018 $2,916 $249,220 $84,500 $164,720
2017 $2,866 $244,354 $82,844 $161,510
2016 $2,692 $239,925 $81,220 $158,705
2015 $1,824 $157,985 $54,220 $103,765
2014 $1,809 $154,919 $53,159 $101,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15050230

California Regional Multiple Listing Service (CRMLS)

APN: 247-102-005