NOT LISTED FOR SALE

Estimated Value: $1,378,000 - $1,825,000

8 Beds
4 Baths
3,266 Sq Ft
$502/Sq Ft Est. Value

Last Sold May 14, 2019

Last sale price $1,150,000 $352 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $9,881/month

38 Days on Market

Highlights

  • No HOA
  • Los Cerritos Elementary School Rated A
  • Back and Front Yard

About This Home

As of May 2019

Must See Bixby Knolls 4-Plex! This Quad has a great location - situated off E San Antonio Dr near the Bixby Knolls Business District, Virginia Country Club & all the Restaurants & Shops! All units are 2 bedroom, 1 bathroom with separate meters. Large, fenced in back yard with covered patio area for sitting. 4 garages for storage (not for parking). This is a quiet, upscale neighborhood with beautiful tree-lined streets. Market rents in the area are approx. $1,750.00/month. This building has incredible potential. 2 recent sales comparables on the same street: a completely renovated 4-plex closed in October 2018 for $1,435,000 and; a fixer 4-plex closed in February 2019 for $1,125,000. Again, this building has incredible potential. You don't want to miss out on this opportunity!

Last Agent to Sell the Property

Alan Fasnacht

Team Fasnacht Realty License #00542691 Listed on: 03/04/2019

Last Buyer's Agent

John Lindberg

Re/Max R. E. Specialists License #01010112

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,795 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,266 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134016010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $66,600
  • Net Operating Income $46,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7134016010
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 352.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 7795.00
  • Lot Size Acres: 0.1789

Multi Family

  • Average2 Bed Area: 816 Square Feet
  • Gross Income: 66600.00
  • Gross Scheduled Income: 66600.00
  • Lot Size Area: 7795.0000 Square Feet
  • Net Operating Income: 46620.00
  • 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: 19980.00
  • Operating Expense Percent: 30.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 22
  • Tax Tract Number: 13130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2020
Sold by
Mansour Courtney and Scott Courtney
Bought by
Mansour Courtney and Mansour Family Revocable Trust
Current Estimated Value
$1,638,196

Purchase Details

Closed on
Oct 15, 2019
Sold by
Scott Donald M and Scott Mary M
Bought by
Scott Donald M and Scott Mary M

Purchase Details

Listed on
Mar 4, 2019
Closed on
Apr 15, 2019
Sold by
Eileen Lafferty Family Trust
Bought by
Scott Donald M and Scott Mary M
Seller's Agent
Alan Fasnacht
Team Fasnacht Realty
Buyer's Agent
John Lindberg
Re/Max R. E. Specialists
List Price
$999,000
Sold Price
$1,150,000
Premium/Discount to List
$151,000
15.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$862,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2007
Sold by
Lafferty Eileen V and The Lafferty Family Trust
Bought by
Lafferty Eileen and The Eileen Lafferty Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mansour Courtney -- None Available
Scott Donald M -- None Available
Scott Donald M $1,150,000 Wfg National Title Company
Lafferty Eileen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott Donald M $862,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2019 05/14/19 Sold $1,150,000 0.0% $352 / Sq Ft
03/29/2019 03/29/19 Off Market $1,150,000 -- --
03/04/2019 03/04/19 For Sale $999,000 -- $306 / 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 $16,498 $1,282,842 $669,309 $613,533
2024 $16,498 $1,257,689 $656,186 $601,503
2023 $16,221 $1,233,029 $643,320 $589,709
2022 $15,228 $1,208,853 $630,706 $578,147
2021 $14,923 $1,185,151 $618,340 $566,811
2020 $14,885 $1,173,000 $612,000 $561,000
2019 $2,072 $105,438 $59,314 $46,124
2018 $1,939 $103,371 $58,151 $45,220
2016 $1,777 $99,359 $55,894 $43,465
2015 $1,722 $97,868 $55,055 $42,813
2014 $1,737 $95,952 $53,977 $41,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19048076

California Regional Multiple Listing Service (CRMLS)

APN: 7134-016-010