NOT LISTED FOR SALE

Estimated Value: $1,003,172 - $1,263,000

5 Beds
2 Baths
2,149 Sq Ft
$507/Sq Ft Est. Value

Last Sold August 05, 2014

Last sale price $550,000 $256 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $6,397/month

14 Days on Market

About This Home

As of August 2014

Gorgeous Duplex in Montecito Heights nestled in the Hills of Los Angeles. This Duplex is truly one of a kind it has a quaint porch with a white picket fence perfect for those hot summer nights overlooking the mature trees. This Duplex is centrally located to freeways, schools, and stores. 1st House has 4bd1.5baths totally renovated home newer windows laminate flooring throughout kitchen has tile flooring and laundry room open floor plan. All bedrooms have upgraded ceiling fans with laminate flooring. Open floor plan. Garage has been converted into a room that can be used an additional bedroom,recreational room,family room or it can easily be the 1 car garage again. 2nd Unit is a single story home that has laminate flooring thorough out except in bathroom and kitchen. This Duplex has plenty of parking space for a maximum of 6 cars or an Rv driveway allows room for it. Also it has a small yard for small children to play in the back. At the end of the property there is an additional detached room that can be used as an office,storage room. This property also has artificial grass in the front and in the rear perfect for low maintenance and water conservation.

Last Agent to Sell the Property

Marta Liceaga

RE/MAX CHAMPIONS License #01341156 Listed on: 06/01/2014

Last Buyer's Agent

Philip Chang

MANREALTY.COM License #01870805

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,123

Year Built

  • Built in 1966

Lot Details

  • 4,024 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,149 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 1994
  • Tax Tract Number 7
  • Assessor Parcel Number 5303002005

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Gross Income $4,100
  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,123

Year Built

Built in 1966

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5303002005
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 255.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4024.00
  • Lot Size Acres: 0.0920

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 4100.00
  • Gross Scheduled Income: 49000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4024.0000 Square Feet
  • Net Operating Income: 41000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 1994
  • Tax Tract Number: 7
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2018
Sold by
Hernandez Schneider Ana Maria
Bought by
The Ana Maria Hernandez Schneider And Jo
Current Estimated Value
$1,090,543

Purchase Details

Listed on
Jun 1, 2014
Closed on
Jul 22, 2014
Sold by
Hernandez Gloria D
Bought by
Hernandez Schneider Ana M and Schneider John R
Seller's Agent
Marta Liceaga
RE/MAX CHAMPIONS
Buyer's Agent
Philip Chang
MANREALTY.COM
List Price
$519,999
Sold Price
$550,000
Premium/Discount to List
$30,001
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$440,000
Outstanding Balance
$334,771
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$755,772

Purchase Details

Closed on
Oct 3, 2006
Sold by
Hernandez Gloria D
Bought by
Hernandez Gloria D and Hernandez Tania P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Johnston Clifton W
Bought by
Delvalle Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.99%

Purchase Details

Closed on
Oct 15, 2002
Sold by
Delvalle Juan
Bought by
Hernandez Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.99%
Source: Public Records

Range of Values:

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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
The Ana Maria Hernandez Schneider And Jo -- None Available
Hernandez Schneider Ana M $550,000 Orange Coast Title Co
Hernandez Gloria D -- Lawyers Title
Delvalle Sylvia -- North American Title Co
Delvalle Marcelo -- North American Title Co
Hernandez Gloria $320,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Schneider Ana M $440,000
Previous Owner Hernandez Gloria D $412,500
Previous Owner Hernandez Gloria $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2014 08/05/14 Sold $550,000 +5.8% $256 / Sq Ft
06/15/2014 06/15/14 Pending -- -- --
06/01/2014 06/01/14 For Sale $519,999 -- $242 / 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 $8,123 $661,009 $456,699 $204,310
2024 $8,123 $648,049 $447,745 $200,304
2023 $7,968 $635,343 $438,966 $196,377
2022 $7,601 $622,886 $430,359 $192,527
2021 $7,502 $610,673 $421,921 $188,752
2019 $7,280 $592,561 $409,407 $183,154
2018 $7,190 $580,943 $401,380 $179,563
2016 $6,861 $558,387 $385,795 $172,592
2015 $6,762 $550,000 $380,000 $170,000
2014 $5,376 $430,000 $293,200 $136,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14113466

California Regional Multiple Listing Service (CRMLS)

APN: 5303-002-005