NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,427,961

4 Beds
2 Baths
1,426 Sq Ft
$902/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $1,055,000 $740 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,041/month

12 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • Private Yard

About This Home

As of May 2021

Rare find!! Two homes on a corner lot!!! One two bedroom, one bathroom house is rented at $1,850 per month, and laundry area in the garage. One two bedroom, one bathroom house has over $10,000 spent on a recent remodel and is fully staged with new paint, new flooring, and a large laundry room. Each unit has remodeled kitchen, remodeled bathroom, private patio, private yard, and 1 car garage.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 03/31/2021

Last Buyer's Agent

Karineh Amirganian

Coldwell Banker Hallmark License #02034027

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,394

Year Built

  • Built in 1921

Lot Details

  • 6,948 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 1164
  • Assessor Parcel Number 5674029012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $281
  • Water Sewer Expense $344
  • New Taxes Expense $11,874
  • Operating Expense $14,499
  • Gross Income $51,000
  • Net Operating Income $36,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,394

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.44
  • Property Attached: No
  • Water Sewer Expenses: 344.00
  • Zoning: GLR4*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5674029012
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 739.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 281.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Level, Paved, Yard
  • Lot Size Sq Ft: 6948.00
  • Lot Size Acres: 0.1595

Multi Family

  • Gross Income: 51000.00
  • Gross Multiplier: 20.78
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6948.0000 Square Feet
  • Net Operating Income: 36501.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14499.00
  • Rent Control: Yes
  • Total Expenses: 14499.00

Tax Info

  • New Taxes Expense: 11874.00
  • Tax Census Tract: 3022.02
  • Tax Lot: 85
  • Tax Tract Number: 1164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 10, 2021
Sold by
Fonseca John and De Oliveira Marli
Bought by
Sanwa Bank and Wallace Evans Trust
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Karineh Amirganian
Coldwell Banker Hallmark
List Price
$949,949
Sold Price
$1,055,000
Premium/Discount to List
$105,051
11.06%
Current Estimated Value
$1,280,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,054
Avg. Annual Appreciation
4.77%
Original Mortgage
$844,000
Outstanding Balance
$766,499
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$519,491

Purchase Details

Listed on
Mar 31, 2021
Closed on
Apr 13, 2021
Sold by
Fonseca John A and Deoliveira Marli
Bought by
Aramians Megherdichi
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Karineh Amirganian
Coldwell Banker Hallmark
List Price
$949,949
Sold Price
$1,055,000
Premium/Discount to List
$105,051
11.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$844,000
Outstanding Balance
$766,499
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$519,491

Purchase Details

Closed on
Jan 18, 2014
Sold by
Fonseca John A
Bought by
Fonseca John A and Deoliveira Marli

Purchase Details

Closed on
Jan 18, 2013
Sold by
Fonseca Oscar
Bought by
The Oscar Fonseca Living Trust

Purchase Details

Closed on
Jul 1, 2003
Sold by
Fonseca Oscar
Bought by
The Oscar Fonseca Living Trust
Source: Public Records

Range of Values:

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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
Sanwa Bank -- Fidelity National Title
Aramians Megherdichi $1,055,000 Fidelity National Title Co
Fonseca John A -- None Available
The Oscar Fonseca Living Trust -- None Available
The Oscar Fonseca Living Trust -- None Available
Fonseca Oscar -- None Available
The Oscar Fonseca Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aramians Megherdichi $844,000
Previous Owner Fonseca John A $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $1,055,000 -0.5% $740 / Sq Ft
04/12/2021 04/12/21 Price Changed $1,059,950 +11.6% $743 / Sq Ft
03/31/2021 03/31/21 For Sale $949,949 -- $666 / 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 $12,394 $1,141,965 $600,749 $541,216
2024 $12,394 $1,119,574 $588,970 $530,604
2023 $12,110 $1,097,622 $577,422 $520,200
2022 $11,900 $1,076,100 $566,100 $510,000
2021 $1,155 $85,797 $60,932 $24,865
2020 $1,138 $84,919 $60,308 $24,611
2019 $1,115 $83,255 $59,126 $24,129
2018 $1,033 $81,623 $57,967 $23,656
2016 $970 $78,456 $55,717 $22,739
2015 $952 $77,279 $54,881 $22,398
2014 $960 $75,766 $53,806 $21,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20254196

California Regional Multiple Listing Service (CRMLS)

APN: 5674-029-012