NOT LISTED FOR SALE

Estimated Value: $1,004,000 - $1,156,000

8 Beds
5 Baths
3,818 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $1,040,000 $272 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,905/month

75 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Floor Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2023

Investment opportunity !!! Well kept units ! Three units have been upgraded in 2021 with newer flooring and counter tops. Unit #C has been upgraded in 2022 with new kitchen , new A/C , new flooring and new windows throughout .Great unit mixed !!! Also each unit offers a car garage and onsite laundry room( new water heater which provide positive cash flow . This quarturplex is located of the 60 and close to 71 freeway. Must to see !!!

Last Agent to Sell the Property

Shirley Lam

IRN REALTY License #01254472 Listed on: 05/17/2023

IRN REALTY

Co-Listed By

BRIAN LAM

IRN REALTY License #02008424

Last Buyer's Agent

Henry Liu

CBD Investment Inc. License #01378289

CBD Investment Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,418 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,818 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 21939
  • Assessor Parcel Number 8331023002
  • $987 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $277
  • Fuel Expense $1,480
  • Gardener Expense $600
  • Insurance Expense $1,510
  • Trash Expense $2,565
  • Water Sewer Expense $2,100
  • Operating Expense $8,532
  • Gross Income $67,368
  • Net Operating Income $64,968

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: POR31000*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8331023002
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 272.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2565.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7418.00
  • Lot Size Acres: 0.1703

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 277.00
  • Fuel Expense: 1480.00
  • Garage Income: 1200.00
  • Gross Income: 67368.00
  • Gross Scheduled Income: 73500.00
  • Insurance Expense: 1510.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 7418.0000 Square Feet
  • Net Operating Income: 64968.00
  • Number Of Rented Garages: 1200
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 8532.00
  • Rent Control: No
  • Total Expenses: 8532.00

Tax Info

  • Tax Census Tract: 4029.02
  • Tax Lot: 2
  • Tax Tract Number: 21939
  • TaxOtherAnnualAssessmentAmount: 987.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Aug 28, 2023
Sold by
Monica Law Trust
Bought by
Zhang Yulian and Hao Lirong
Seller's Agent
Shirley Lam
IRN REALTY
Buyer's Agent
Henry Liu
CBD Investment Inc.
List Price
$1,049,000
Sold Price
$1,040,000
Premium/Discount to List
-$9,000
-0.86%
Views
123
Current Estimated Value
$1,091,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,165
Avg. Annual Appreciation
2.01%
Original Mortgage
$624,000
Outstanding Balance
$607,847
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$483,318

Purchase Details

Closed on
May 18, 2022
Sold by
Monica Wong Chow Family Trust
Bought by
Monica Law Trust

Purchase Details

Closed on
Oct 17, 2018
Sold by
Veliz Carmen E
Bought by
Veliz Carmen E and Guerra Aura A

Purchase Details

Closed on
Dec 3, 2008
Sold by
Frias Eddie
Bought by
Veliz Carmen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2002
Sold by
Bautista Alfredo and Bautista Maria Isabel
Bought by
Frias Eddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.86%

Purchase Details

Closed on
Dec 9, 1998
Sold by
Wang Ching Wu and Wang Ching
Bought by
Bautista Alfredo and Bautista Maria Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.73%

Purchase Details

Closed on
Apr 19, 1996
Sold by
Wang Debbie Mao
Bought by
Wang Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,850
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 21, 1996
Sold by
World S & L Assn Fsla
Bought by
Wang Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,850
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 20, 1996
Sold by
Vivo Frances A and Cota Mary Agnes
Bought by
World S & L Assn Fsla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,850
Interest Rate
7.84%
Mortgage Type
Seller Take Back
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
Zhang Yulian $1,040,000 Ticor Title
Monica Law Trust -- Law Offices Of Edward C Ip & A
Veliz Carmen E -- None Available
Veliz Carmen E $520,000 Orange Coast Title
Frias Eddie $255,000 Commonwealth Land Title
Bautista Alfredo $160,000 Commonwealth Land Title Co
Wang Ching -- Fidelity National Title Ins
Wang Ching $149,000 --
World S & L Assn Fsla $125,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Yulian $624,000
Previous Owner Veliz Carmen E $360,000
Previous Owner Frias Eddie $204,000
Previous Owner Bautista Alfredo $144,000
Previous Owner Wang Ching $96,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $1,040,000 -0.9% $272 / Sq Ft
07/09/2023 07/09/23 For Sale $1,049,000 +0.9% $275 / Sq Ft
07/06/2023 07/06/23 Off Market $1,040,000 -- --
07/04/2023 07/04/23 For Sale $1,049,000 +0.9% $275 / Sq Ft
07/03/2023 07/03/23 Off Market $1,040,000 -- --
06/28/2023 06/28/23 Price Changed $1,049,000 -3.8% $275 / Sq Ft
05/17/2023 05/17/23 For Sale $1,090,000 +19.8% $285 / Sq Ft
07/16/2021 07/16/21 Sold $910,000 +1.2% $238 / Sq Ft View Prior Sale
06/21/2021 06/21/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $899,000 -- $235 / 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 $13,371 $1,060,800 $612,000 $448,800
2024 $13,371 $1,040,000 $600,000 $440,000
2023 $12,023 $928,200 $520,200 $408,000
2022 $11,834 $910,000 $510,000 $400,000
2021 $9,036 $680,314 $402,824 $277,490
2020 $9,006 $673,339 $398,694 $274,645
2019 $9,227 $660,137 $390,877 $269,260
2018 $7,837 $588,515 $452,686 $135,829
2016 $7,343 $565,663 $435,108 $130,555
2015 $7,282 $557,167 $428,573 $128,594
2014 $6,694 $500,000 $384,600 $115,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23085895

California Regional Multiple Listing Service (CRMLS)

APN: 8331-023-002