NOT LISTED FOR SALE

Estimated Value: $1,868,000 - $2,352,000

8 Beds
8 Baths
3,860 Sq Ft
$569/Sq Ft Est. Value

Last Sold September 14, 2017

Last sale price $1,600,000 $415 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $14,543/month

10 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Wood Flooring
  • Fremont Elementary School Rated A
  • Property is near a park
  • Main Floor Primary Bedroom

About This Home

As of September 2017

Experience this Classical Spanish style 4 plex, occupy one unit or just rent out for strong cash flow with future potential. Appealing front 2 units curb access with gated yard/patio porch entrances upgraded 2 bedroom 2 bathroom. Open Floor plan Hardwood Floors, ceiling crown molding, double pane windows, kitchen appliances, granite counter tops stainless steal sinks custom cabinetry, dishwasher, adjacent Laundry room. Upgraded tiled baths with sky lights brings natural sun light in. Bedrooms are spacious, master has sky lights. Each room has ceiling fans, and beveled doors. In back 2 units each has separate stair access to entrance cozy patio foyer. Built in 2005, includes tankless water heaters, vaulted ceilings, sky lights, Hardwood Floors, kitchen packed with stainless steal appliances, granite counter tops, functional island counter for entertainment, and custom cabinets. Ceiling fans throughout these units. Vaulted ceilings Bedrooms, spacious, mirrored closets,and features a 2nd private patio. 2 fully tiled bathrooms tub shower combos. This property features 2 car custom secured garages for each unit for ample parking offer tenants problem free parking. Walking distance Colorado Lagoon Beach, 2 blocks from 18 hole golf course, 3 blocks famous restaurants on 2nd street, 4 blocks to Ocean sand at the beach, 22 fwy a few miles away, shopping close by. Fulfill ownership dream with a great 4 plex investment.

Last Agent to Sell the Property

Alan Gandall

Herdee Properties License #01069155 Listed on: 06/27/2017

Last Buyer's Agent

Cindy Ludwig

First Team Real Estate License #01020764

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,821

Year Built

  • Built in 1923

Lot Details

  • 6,265 Sq Ft Lot
  • Lot Dimensions are 50x125
  • 1 Common Wall
  • West Facing Home
  • Block Wall Fence
  • Front Yard

Parking

  • 1 Open Parking Space
  • 8 Car Garage
  • Parking Available
  • Controlled Entrance

Home Design

  • Contemporary Architecture
  • Spanish Architecture
  • Quadruplex
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Shingle Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,860 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Entrance Foyer
  • Living Room
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Mirrored Closets Doors
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Tankless Water Heater
  • Central Water Heater
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, gas, repairs
  • Tax Lot 9
  • Tax Tract Number 147
  • Assessor Parcel Number 7255038011

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $150
  • Gardener Expense $840
  • Insurance Expense $2,200
  • Operating Expense $3,190
  • Gross Income $100,200
  • Net Operating Income $99,550

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,821

Year Built

Built in 1923

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Security System, Smoke Detector(s)
  • Subdivision Name Other: 2nd Street East (SSE)
  • View: Yes
  • Zoning: LBR4R
  • Architectural Style: Contemporary, Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7255038011
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Granite Counters, Open Floorplan, Pantry, Recessed Lighting
  • Stories: 2
  • Entry Location: 2 Units 1st
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 414.51
  • Room Type: Entry, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Raised, Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No
  • Construction Materials: Block, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Controlled Entrance
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Water Heater Central
  • Electric: Standard
  • Heating Type: Central, Wall Furnace, Forced Air, Natural Gas
  • Laundry Features: Common Area, Individual Room, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Green Features

  • Efficiency: Appliances, Lighting, Water Heater

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby
  • Lot Size: 50X125
  • Lot Size Sq Ft: 6265.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Gas, Repairs

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 100200.00
  • Gross Scheduled Income: 100200.00
  • Insurance Expense: 2200.00
  • Net Operating Income: 99550.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 6
  • Number With Range: 4
  • Operating Expense: 650.00
  • Rent Control: No
  • Total Actual Rent: 8350.00
  • Total Expenses: 3190.00

Tax Info

  • Tax Census Tract: 5771.00
  • Tax Lot: 9
  • Tax Tract: FISHR
  • Tax Tract Number: 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2021
Sold by
Gundzik Aaron and Gundzik Rebecca
Bought by
1843 Gladys Llc
Current Estimated Value
$2,288,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,800
Outstanding Balance
$951,254
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,246,657

Purchase Details

Closed on
May 19, 2021
Sold by
1843 Gladys Llc
Bought by
Gundzik Aaron and Gundzik Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,800
Outstanding Balance
$951,254
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,246,657

Purchase Details

Closed on
Jul 12, 2017
Sold by
Nguyen Tho N
Bought by
Gundzik Aaron and Gundzik Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2006
Sold by
Lca Inc
Bought by
Nguyen Tho N

Purchase Details

Closed on
Feb 16, 2005
Sold by
Nguyen Tho N and Nguyen Nghia T
Bought by
Lca Inc

Purchase Details

Closed on
Apr 23, 2004
Sold by
Brill Charles J and Brill Charles E
Bought by
Nguyen Tho N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2003
Sold by
Brill Jennifer Ritter
Bought by
Brill Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
1843 Gladys Llc -- Chicago Title Company Sd
Gundzik Aaron -- Chicago Title Company Sd
Gundzik Aaron $1,600,000 First American Title Company
Nguyen Tho N -- None Available
Lca Inc -- --
Nguyen Tho N $670,000 Chicago Title Insurance Co
Brill Charles -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gundzik Aaron $1,046,800
Previous Owner Gundzik Aaron $1,080,000
Previous Owner Lca Inc $435,825
Previous Owner Nguyen Tho N $497,500
Previous Owner Nguyen Tho N $502,500
Previous Owner Brill Charles $271,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2017 09/14/17 Sold $1,600,000 +0.1% $415 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/27/2017 06/27/17 For Sale $1,599,000 -- $414 / 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 $22,821 $1,820,521 $1,274,366 $546,155
2024 $22,821 $1,784,826 $1,249,379 $535,447
2023 $22,447 $1,749,831 $1,224,882 $524,949
2022 $21,059 $1,715,521 $1,200,865 $514,656
2021 $20,652 $1,681,884 $1,177,319 $504,565
2020 $20,598 $1,664,640 $1,165,248 $499,392
2019 $20,358 $1,632,000 $1,142,400 $489,600
2018 $19,789 $1,600,000 $1,120,000 $480,000
2016 $12,548 $1,050,000 $412,500 $637,500
2015 $11,429 $980,000 $385,000 $595,000
2014 $10,993 $930,000 $365,400 $564,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17122303

California Regional Multiple Listing Service (CRMLS)

APN: 7255-038-011