NOT LISTED FOR SALE

Estimated Value: $311,000 - $3,300,000

6 Beds
4 Baths
2,689 Sq Ft
$671/Sq Ft Est. Value

Last Sold January 23, 2012

Last sale price $450,000 $167 Per Sq Ft

Est. 301% increase in value since last sale

Current estimated payment $9,522/month

92 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Wall Furnace
  • Contemporary Architecture

About This Home

As of January 2012

This is a Great Investment Income Generator. 4 units located in the Windsor Hills/View Park area. 2/2 bedroom 1bath and 2/1 bedroom 1 bath units. They are in good condition and occupied. Facility is equipped with 2/2 car garages with ample uncovered parking in rear. Units are perfect for Section 8 opportunities. The unit also features an easement lot behind parking lot APN # 5000-016-025. Visual inspection subject to accepted offer for all units are tenant occupied. Offers must be submitted with Pre-approval, FICO scores and proof of Funds. "UNITS ARE LISTED AND SOLD IN AS IS CONDITION" These units are currently in a SHORT SALE status due to PRICE REDUCTION.
SALE AND GROSS COMMISSIONS SUBJECT TO LENDERS APPROVAL.

Last Agent to Sell the Property

TIMOTHY SANKEY

REALTY BENEFIT License #00701029 Listed on: 07/04/2011

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1950

Lot Details

  • 7,840

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,689 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Additional Features

  • 7,840 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tax Tract Number 11506
  • Assessor Parcel Number 5008016026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $2,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: easement lot located in rear APN #5000-016-025
  • Zoning: LAR3
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 5008016026
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 167.35
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7840.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 49200.00
  • Lot Size Area: 7840.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Area: 304
  • Tax Tract Number: 11506
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2011
Closed on
Jan 6, 2012
Sold by
Lotia Nimisha
Bought by
Bajaj Nitin S
Seller's Agent
TIMOTHY SANKEY
REALTY BENEFIT
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$530,000
Sold Price
$450,000
Premium/Discount to List
-$80,000
-15.09%
Current Estimated Value
$1,805,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,355,500
Avg. Annual Appreciation
10.62%
Original Mortgage
$438,592
Outstanding Balance
$297,358
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$1,508,142

Purchase Details

Closed on
Apr 8, 2006
Sold by
Kellye Holding Group Llc
Bought by
Richard Kellye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 12, 2004
Sold by
Richard Kellye L
Bought by
Kellye Holding Group Llc

Purchase Details

Closed on
Dec 10, 2003
Sold by
Walker Charles L and Walker Marilyn J
Bought by
Richards Kellye L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1999
Sold by
Powell Howard F and Powell Delanie C
Bought by
Powell Howard F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bajaj Nitin S -- Orange Coast Title Company O
Bajaj Nitin S $460,000 Orange Coast Title Company O
Richard Kellye -- Gateway
Kellye Holding Group Llc -- --
Richards Kellye L $510,000 Chicago Title Co
Powell Howard F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bajaj Nitin S $438,592
Previous Owner Richard Kellye $466,000
Previous Owner Richards Kellye L $459,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2012 01/23/12 Sold $450,000 -15.1% $167 / Sq Ft
10/04/2011 10/04/11 Pending -- -- --
07/04/2011 07/04/11 For Sale $530,000 -- $197 / 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 $860 $50,864 $50,864 --
2024 $860 $49,867 $49,867 --
2023 $848 $48,890 $48,890 $0
2022 $815 $47,932 $47,932 $0
2021 $1,850 $46,993 $46,993 $0
2019 $793 $45,600 $45,600 $0
2018 $786 $44,706 $44,706 $0
2016 $765 $42,971 $42,971 $0
2015 $757 $42,326 $42,326 $0
2014 $758 $41,497 $41,497 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I11085436

California Regional Multiple Listing Service (CRMLS)

APN: 5008-016-025