$1,340,000
SOLD NOV 5, 2024
6 Beds
5 Baths
2,364 Sq Ft
7,285 Sq Ft Lot

Recently Sold

$567 Per Sq Ft

3% Below List Price

15 Days on Market

About This Home

As of November 2024

TURNKEY 3 UNIT INVESTMENT PROPERTY WALKING DISTANCE FROM THE PACKING DISTRICT! ALL UNITS HAVE BEEN FULLY RENOVATED AND LEASED TO MARKET. THE PROPERTY IS SITUATED ON A LARGE LOT WITH ROOM FOR A 2 BEDROOM STAND ALONE ADU! LANDLORD ONLY PAYS FOR WATER ON 2 UNITS, VERY LOW MONTHLY EXPENSES! BUILDING WAS JUST FULLY REPIPED FOR HOT AND COLD WATER!

ALL UNITS HAVE THE FOLLOWING UPGRADES: NEW FLOORING, NEW PAINT, NEW KITCHENS, NEW HEATING, NEW ELECTRIC SUB-PANELS, NEW OUTLETS AND FIXTURES, REFINISHED BATHROOMS, NEW DOORS, AND NEW PLUMBING.

PRICED TO SELL!!

Last Agent to Sell the Property

Randall Mycorn

R L M Equities Brokerage Phone: 949-573-5309 License #02078223 Listed on: 08/29/2024

Last Buyer's Agent

Branden Chhuor

Compass License #01948722

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,471

Year Built

  • Built in 1940

Lot Details

  • 7,285 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,364 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 6 / B
  • Tax Tract Number 325
  • Assessor Parcel Number 03511202
  • $771 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,891
  • Maintenance Expense $1,425
  • Other Expense $982
  • Water Sewer Expense $2,256
  • New Taxes Expense $15,878
  • Operating Expense $23,632
  • Gross Income $95,273
  • Net Operating Income $71,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,471

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 458333
  • Property Attached: Yes
  • Subdivision Name Other: Packing District
  • Water Sewer Expenses: 2256.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03511202
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 566.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7285.00
  • Lot Size Acres: 0.1672

Multi Family

  • Gross Operating Income: 95273.00
  • Gross Scheduled Income: 98220.00
  • Insurance Expense: 1891.00
  • Lot Size Area: 7285.0000 Square Feet
  • Maintenance Expense: 1425.00
  • Net Operating Income: 71641.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 23632.00
  • Other Expense: 982.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 23632.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15878.00
  • Tax Block: B
  • Tax Census Tract: 873.01
  • Tax Lot: 6
  • Tax Tract Number: 325
  • TaxOtherAnnualAssessmentAmount: 771.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 10, 2024
Sold by
Trust Of Barry N Mycorn and Horvath Revocable Living Trust
Bought by
Jonathan J Ma And Christina T Ma Family Trust and Ma
Seller's Agent
Randall Mycorn
R L M Equities
Buyer's Agent
Branden Chhuor
Compass
List Price
$1,375,000
Sold Price
$1,340,000
Premium/Discount to List
-$35,000
-2.55%
Views
40
Current Estimated Value
$1,111,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$228,276
Avg. Annual Appreciation
-19.30%
Original Mortgage
$871,000
Outstanding Balance
$863,172
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$277,733

Purchase Details

Listed on
Jan 22, 2024
Closed on
Apr 1, 2024
Sold by
Horvath Gregg and Horvath Gregory
Bought by
Horvath Revocable Living Trust and Horvath
Seller's Agent
Chris Keramati
Triqor Group
Buyer's Agent
Chris Keramati
Triqor Group
List Price
$900,000
Sold Price
$915,000
Premium/Discount to List
$15,000
1.67%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.25%
Original Mortgage
$686,250
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2024
Closed on
Feb 12, 2024
Sold by
Suzan Farm Trust and Honma Leilani
Bought by
Horvath Gregg and Horvath Laura Y
Seller's Agent
Chris Keramati
Triqor Group
Buyer's Agent
Chris Keramati
Triqor Group
List Price
$900,000
Sold Price
$915,000
Premium/Discount to List
$15,000
1.67%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2023
Sold by
Farm Suzan Shu-Jen
Bought by
Suzan Farm Trust and Farm
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,340,000 Chicago Title
Grant Deed -- Chicago Title Insurance Compan
Grant Deed $114,500 Chicago Title Insurance Compan
Grant Deed $915,000 Chicago Title Company
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $871,000 New Conventional
Previous Owner $686,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $1,340,000 -2.5% $567 / Sq Ft
09/30/2024 09/30/24 For Sale $1,375,000 0.0% $582 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $1,375,000 +50.3% $582 / Sq Ft
03/01/2024 03/01/24 Sold $915,000 +1.7% $387 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $900,000 -- $381 / 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 $10,471 $1,340,000 $1,125,000 $215,000
2024 $10,471 $880,000 $792,992 $87,008
2023 $2,559 $162,730 $86,235 $76,495
2022 $2,515 $159,540 $84,544 $74,996
2021 $2,511 $156,412 $82,886 $73,526
2020 $2,497 $154,809 $82,036 $72,773
2019 $2,440 $151,774 $80,427 $71,347
2018 $2,395 $148,799 $78,850 $69,949
2017 $2,317 $145,882 $77,304 $68,578
2016 $2,305 $143,022 $75,788 $67,234
2015 $2,281 $140,874 $74,649 $66,225
2014 $2,164 $138,115 $73,187 $64,928
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24179401

California Regional Multiple Listing Service (CRMLS)

APN: 035-112-02