NOT LISTED FOR SALE

Estimated Value: $1,068,000 - $1,358,000

8 Beds
4 Baths
2,880 Sq Ft
$404/Sq Ft Est. Value

Last Sold January 09, 2019

Last sale price $785,000 $273 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,312/month

94 Days on Market

Highlights

  • No Units Above
  • Triple Pane Windows
  • Wood Fence
  • Lawn
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of January 2019

Standard sale and an excellent investment opportunity! Lennox quadruplex with same owner for decades.
Conveniently located near parks, schools, new NFL complex, retail shopping and easy access to freeways. All units are 2-bed, 1-bath and have central heat and air. All units have newer windows and exterior doors. Three one car garages, one carport and ample additional parking onsite. Separate gas meters, separate power meters. Soundproofing upgrades completed in 2008/2009.

Last Agent to Sell the Property

Justin Bentley

Wilson Realty License #01771394 Listed on: 08/31/2018

Last Buyer's Agent

Zee EZeeDoesIT

Real Estate eBroker Inc. License #01828051

Real Estate eBroker Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,568

Year Built

  • Built in 1958

Lot Details

  • 8,830 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • 1 Carport Space

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • Triple Pane Windows
  • Window Screens
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 448
  • Tax Tract Number 211
  • Assessor Parcel Number 4034031009

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $725
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,000
  • Operating Expense $13,525
  • Gross Income $36,960
  • Net Operating Income $23,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,568

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 4034031009
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 272.57
  • Window Features: Screens, Triple Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 725.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level with Street, Level
  • Lot Size Sq Ft: 8830.00
  • Lot Size Acres: 0.2027

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 36960.00
  • Gross Scheduled Income: 36960.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8830.0000 Square Feet
  • Net Operating Income: 23435.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13525.00
  • Rent Control: No
  • Total Expenses: 13525.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 6018.02
  • Tax Lot: 448
  • Tax Tract Number: 211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2020
Sold by
Espinoza Lola and Espinoza Joel
Bought by
Joel And Lola Espinoza Trust and Espinoza
Current Estimated Value
$1,162,723

Purchase Details

Listed on
Aug 31, 2018
Closed on
Dec 19, 2018
Sold by
Beasley Susan R and Deno Devere R
Bought by
Espinoza Lola and Espinoza Joel
Seller's Agent
Justin Bentley
Wilson Realty
Buyer's Agent
Zee EZeeDoesIT
Real Estate eBroker Inc.
List Price
$869,500
Sold Price
$785,000
Premium/Discount to List
-$84,500
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%
Original Mortgage
$385,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2015
Sold by
Deno Thelma C
Bought by
Devere R Thelma C Deno Trust
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
Joel And Lola Espinoza Trust -- None Listed On Document
Espinoza Lola $785,000 California Title Company
Devere R Thelma C Deno Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Espinoza Lola $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2019 01/09/19 Sold $785,000 -9.7% $273 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/29/2018 11/29/18 Price Changed $869,500 0.0% $302 / Sq Ft
11/29/2018 11/29/18 For Sale $869,500 -1.1% $302 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
10/12/2018 10/12/18 For Sale $879,500 0.0% $305 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $879,500 -- $305 / 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 $14,568 $875,678 $669,309 $206,369
2024 $14,568 $858,509 $656,186 $202,323
2023 $14,282 $841,676 $643,320 $198,356
2022 $14,105 $825,173 $630,706 $194,467
2021 $13,655 $808,994 $618,340 $190,654
2020 $13,271 $800,700 $612,000 $188,700
2019 $9,098 $80,830 $26,785 $54,045
2018 $3,394 $79,246 $26,260 $52,986
2016 $3,183 $76,172 $25,242 $50,930
2015 $3,140 $75,028 $24,863 $50,165
2014 $3,152 $73,559 $24,376 $49,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18213604

California Regional Multiple Listing Service (CRMLS)

APN: 4034-031-009