NOT LISTED FOR SALE

Estimated Value: $595,000 - $996,000

2 Beds
2 Baths
2,534 Sq Ft
$313/Sq Ft Est. Value

Last Sold September 17, 2015

Last sale price $430,000 $170 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,769/month

55 Days on Market

About This Home

As of September 2015

Great opportunity for first time buyer or investor. 3 units! You can move into it or you can rent it out for additional income. The front unit is a 2 bedroom/2bath with loft area. Back units are both 3bed/1bath. Positive cash flow from day 1. Please do not disturb tenants. Submit offer subject to interior inspection.

Last Agent to Sell the Property

Miguel Ferman

Standard Capital Realty License #01726929 Listed on: 05/06/2015

Last Buyer's Agent

Victor Flores

PREFERRED REALTY & LENDING License #01781600

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,500

Year Built

  • Built in 1915

Lot Details

  • 5,837 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Parking Spaces

Home Design

  • 2,534 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 309
  • Tax Tract Number 3
  • Assessor Parcel Number 5116022009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $100
  • Water Sewer Expense $365
  • New Taxes Expense $500
  • Gross Income $3,975
  • Net Operating Income $1,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,500

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 365.00
  • Zoning: LAM2
  • Property Type: Residential Income
  • Parcel Number: 5116022009
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 169.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Size Sq Ft: 5837.00
  • Price Per Lot Square Foot: 73.67
  • Lot Size Acres: 0.1340

Multi Family

  • Gross Income: 3975.00
  • Gross Scheduled Income: 47700.00
  • Insurance Expense: 100.00
  • Lot Size Area: 5837.0000 Square Feet
  • Net Operating Income: 1262.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 767.00
  • Rent Control: Yes
  • Total Actual Rent: 3975.00

Tax Info

  • New Taxes Expense: 500.00
  • Tax Lot: 309
  • Tax Tract Number: 3
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2015
Sold by
Santizo Susan M
Bought by
Flores Victor
Current Estimated Value
$793,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2002
Sold by
Bravo Fidel
Bought by
Santizo Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.89%

Purchase Details

Closed on
Oct 4, 2000
Sold by
Bravo Lourdes
Bought by
Bravo Fidel

Purchase Details

Closed on
Aug 16, 2000
Sold by
Goldstein Betty A
Bought by
Goldstein Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
8.01%

Purchase Details

Closed on
Aug 4, 2000
Sold by
Goldstein Mark S
Bought by
Bravo Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
8.01%

Purchase Details

Closed on
Mar 27, 2000
Sold by
Hud
Bought by
Goldstein Mark S

Purchase Details

Closed on
Jan 20, 1998
Sold by
Bank United Of Texas Fsb
Bought by
Hud

Purchase Details

Closed on
Jan 16, 1998
Sold by
Murillo Jose and Bank United
Bought by
Bank United and Bank United Of Texas Fsb
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
Flores Victor $430,000 Usa National Title Company
Santizo Susan M $245,000 American Title Co
Bravo Fidel -- --
Goldstein Mark S -- --
Bravo Fidel $92,500 --
Goldstein Mark S $62,500 Chicago Title
Goldstein Mark S -- Chicago Title
Hud -- --
Bank United $160,249 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Victor $322,500
Previous Owner Santizo Susan M $383,750
Previous Owner Santizo Susan M $273,500
Previous Owner Santizo Susan M $196,000
Previous Owner Bravo Fidel $128,800
Closed Santizo Susan M $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2015 09/17/15 Sold $430,000 -10.4% $170 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $480,000 -- $189 / 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 $6,500 $509,024 $224,917 $284,107
2024 $6,500 $499,044 $220,507 $278,537
2023 $6,381 $489,260 $216,184 $273,076
2022 $6,097 $479,668 $211,946 $267,722
2021 $6,013 $470,264 $207,791 $262,473
2020 $6,068 $465,443 $205,661 $259,782
2019 $5,841 $456,318 $201,629 $254,689
2018 $5,715 $447,372 $197,676 $249,696
2016 $5,448 $430,000 $190,000 $240,000
2015 $3,829 $301,139 $135,204 $165,935
2014 $3,859 $295,241 $132,556 $162,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15096462

California Regional Multiple Listing Service (CRMLS)

APN: 5116-022-009