NOT LISTED FOR SALE

Estimated Value: $1,256,868 - $1,504,000

4 Beds
3 Baths
2,425 Sq Ft
$570/Sq Ft Est. Value

Last Sold October 22, 2015

Last sale price $729,000 $301 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $8,064/month

27 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 3 Car Garage
  • John Marshall Senior High Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2015

Excellent 3-unit building with lots of upside potential. Just 1 block away from LACC and a 2 minute drive to schools, hospitals, parks (Bellevue) and shops, this one will be an excellent investment for future value and steady rental income. There are 3x 1-car garages in a gated driveway that can fit another 3 cars. UNIT 1 is a 1BR/1BA ground floor unit with granite countertops, and original hardwood floor. Unit 1 is the only unit that currently has Washer Dryer Hookups inside. There is also a fully enclosed rear patio area leading to the garage. UNIT 2 is a 2BR/1BA ground floor unit with refinished kitchen cabinets, granite countertops, and tiled floor. UNIT 3 is a 1BR/1BA spacious unit on the 2nd floor (2nd floor entry via stairway) with a large living room, granite countertops in the kitchen, and an enclosed balcony leading to a rear stairway to the garage. *****PLEASE DO NOT DISTURB TENANTS!***** If desired, UNIT 1 can be made vacant at COE for an owner occupying buyer. UNIT 2 and 3 have long time tenants and would like to stay. Great chance to live in one unit and collect steady rents from the other 2 units!

Last Agent to Sell the Property

Reionn Webber

Vista Verde Services Inc License #01502095 Listed on: 07/28/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,402 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,425 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 315
  • Tax Tract Number 191420
  • Assessor Parcel Number 5539014017

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $12,888
  • Gross Income $3,180
  • Net Operating Income $23,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.15
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5539014017
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 300.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5402.00
  • Price Per Lot Square Foot: 134.95
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 3180.00
  • Gross Multiplier: 19.63
  • Gross Scheduled Income: 38160.00
  • Lot Size Area: 5402.0000 Square Feet
  • Net Operating Income: 23564.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 12688.00
  • Operating Expense Percent: 35.00
  • Other Expense: 12888.00
  • Other Expense Description: Operatin
  • Rent Control: Yes
  • Total Actual Rent: 3230.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 315
  • Tax Tract Number: 191420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2015
Closed on
Nov 25, 2015
Sold by
Mangahas Elenita
Bought by
Mangahas Elenita and Pablo Karl Adrian Mangahas
Seller's Agent
Reionn Webber
Vista Verde Services Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$749,000
Sold Price
$729,000
Premium/Discount to List
-$20,000
-2.67%
Current Estimated Value
$1,381,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,467
Avg. Annual Appreciation
6.38%
Original Mortgage
$583,200
Outstanding Balance
$457,125
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$924,342

Purchase Details

Listed on
Jul 28, 2015
Closed on
Sep 30, 2015
Sold by
Matias Dulce Iodine Jay
Bought by
Mangahas Elenita and Pablo Karl Adrian Mangahas
Seller's Agent
Reionn Webber
Vista Verde Services Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$749,000
Sold Price
$729,000
Premium/Discount to List
-$20,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Outstanding Balance
$457,125
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$924,342

Purchase Details

Closed on
Sep 9, 2004
Sold by
Talplacido Dennis
Bought by
Matias Dulce Lodine Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2002
Sold by
Matias Geraldo T
Bought by
Matias Dulce Iodine Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.74%

Purchase Details

Closed on
May 1, 2002
Sold by
Gonzales Miguelina F
Bought by
Matias Dulce Iodine Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mangahas Elenita -- None Available
Mangahas Elenita $729,000 Provident Title Company
Matias Dulce Lodine Jay -- New Century Title Diamond Ba
Matias Dulce Iodine Jay -- American Title Co
Talplacido Dennis -- American Title Co
Matias Dulce Iodine Jay $310,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mangahas Elenita $583,200
Previous Owner Matias Dulce Lodine Jay $360,000
Previous Owner Matias Dulce Iodine Jay $248,000
Closed Matias Dulce Iodine Jay $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2015 10/22/15 Sold $729,000 -2.7% $301 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $749,000 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,676 $862,981 $473,516 $389,465
2024 $10,547 $846,061 $464,232 $381,829
2023 $10,346 $829,473 $455,130 $374,343
2022 $9,871 $813,209 $446,206 $367,003
2021 $9,743 $797,264 $437,457 $359,807
2020 $9,838 $789,090 $432,972 $356,118
2019 $9,537 $773,619 $424,483 $349,136
2018 $9,409 $758,451 $416,160 $342,291
2016 $8,986 $729,000 $400,000 $329,000
2015 $4,756 $381,038 $306,064 $74,974
2014 $4,788 $373,575 $300,069 $73,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15165504

California Regional Multiple Listing Service (CRMLS)

APN: 5539-014-017

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