NOT LISTED FOR SALE

Estimated Value: $1,079,000 - $1,382,000

2 Beds
2 Baths
2,200 Sq Ft
$552/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $715,000 $325 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,264/month

34 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Accessible Parking
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Garden

About This Home

As of May 2016

Two homes on a lot. Front home rebuilt in 1980, rear two story unit new construction in 1980. Both units have 2 bedrooms, 2 baths. Laundry hook-ups inside both units. Both units have two car garages, plenty on onsite parking. Well maintained with no deferred maintenance.

Great opportunity with below market rents and very low scheduled maintenance costs.

Last Agent to Sell the Property

Rory Hughes

Rory Hughes, Broker License #01152018 Listed on: 02/19/2016

Last Buyer's Agent

Rory Hughes

Rory Hughes, Broker License #01152018 Listed on: 02/19/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 6,798 Sq Ft Lot
  • No Common Walls
  • Southwest Facing Home
  • Redwood Fence
  • Fence is in average condition
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard Sprinklers
  • Garden
  • Back and Front Yard
  • On-Hand Building Permits

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Bungalow
  • Additions or Alterations
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Asphalt Roof
  • Copper Plumbing
  • Plaster

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Carbon Monoxide Detectors

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Accessible Parking
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 41
  • Tax Tract Number 5500
  • Assessor Parcel Number 7253019030

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $100
  • Insurance Expense $50
  • Gross Income $2,430
  • Net Operating Income $27,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1980 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Eastside (ES)
  • Architectural Style: Bungalow, Contemporary
  • Property Condition: Additions/Alterations, Building Permit, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 7253019030
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 325.00

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Slab, Raised
  • Exterior Features: Rain Gutters
  • Fencing: Average Condition, Redwood, Wood
  • Pool Private: No
  • Roof: Asphalt, Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Plaster

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway, Garage
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available, Phone Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Inside, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Level, Rectangular Lot, Paved, Sprinklers In Front
  • Lot Size Sq Ft: 6798.00
  • Price Per Lot Square Foot: 105.18
  • Lot Size Acres: 0.1560

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 1100
  • Gross Income: 2430.00
  • Gross Scheduled Income: 29160.00
  • Insurance Expense: 50.00
  • Lot Size Area: 6798.0000 Square Feet
  • Net Operating Income: 27360.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 1800.00
  • Rent Control: No

Tax Info

  • Tax Lot: 41
  • Tax Rate: 1.15
  • Tax Tract Number: 05500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Apr 13, 2016
Sold by
Arnold Linda S and The Arnold Revocable Trust
Bought by
Rodriguez Jorge H and Pimentel Cynthia
Seller's Agent
Rory Hughes
Rory Hughes, Broker
Buyer's Agent
Rory Hughes
Rory Hughes, Broker
List Price
$759,000
Sold Price
$715,000
Premium/Discount to List
-$44,000
-5.8%
Current Estimated Value
$1,215,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,130
Avg. Annual Appreciation
5.67%
Original Mortgage
$533,850
Outstanding Balance
$422,714
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$792,416

Purchase Details

Closed on
Mar 15, 2006
Sold by
Arnold Linda S and The Arnold Revocable Trust
Bought by
Arnold Linda S and The Arnold Revocable Trust

Purchase Details

Closed on
Mar 11, 1999
Sold by
Arnold Kenneth R and Arnold Linda S
Bought by
Arnold Kenneth R and Arnold Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.73%

Purchase Details

Closed on
Nov 13, 1997
Sold by
Arnold Kenneth R and The Kennety Ray Arnold Declara
Bought by
Arnold Kenneth R and Arnold Linda A
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
Rodriguez Jorge H $715,000 Property Id Title Company
Arnold Linda S -- None Available
Arnold Kenneth R -- Old Republic Title
Arnold Kenneth R -- Old Republic Title
Arnold Kenneth R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Jorge H $533,850
Previous Owner Arnold Kenneth R $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $715,000 -5.8% $325 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $759,000 -- $345 / 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 $11,000 $858,219 $591,896 $266,323
2024 $11,000 $841,392 $580,291 $261,101
2023 $10,818 $824,895 $568,913 $255,982
2022 $10,157 $808,721 $557,758 $250,963
2021 $9,957 $792,865 $546,822 $246,043
2020 $9,802 $773,938 $541,216 $232,722
2019 $9,688 $758,763 $530,604 $228,159
2018 $9,359 $743,886 $520,200 $223,686
2016 $2,281 $168,010 $113,757 $54,253
2015 $2,115 $165,488 $112,049 $53,439
2014 $2,108 $162,248 $109,855 $52,393
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16020846

California Regional Multiple Listing Service (CRMLS)

APN: 7253-019-030