NOT LISTED FOR SALE

Estimated Value: $2,352,720 - $2,863,000

10 Beds
7 Baths
4,685 Sq Ft
$557/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $1,988,000 $424 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $14,987/month

69 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Concrete Porch or Patio
  • Herbert Hoover High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of May 2021

This Multi-Family asset does not require any seismic retrofit and has 100% occupancy and rent collection. It has four separate buildings with a desirable unit mix of three 2- bedroom / 1-bath and four 1-bedroom / 1-bath units.

Last Agent to Sell the Property

Andrew Awaida

Remax Optima License #01018186 Listed on: 02/23/2021

Remax Optima

Last Buyer's Agent

PFNon-Member Default

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 9,006 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,685 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Concrete Porch or Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5696019010

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units
  • Not Applicable 105 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $40,063
  • Net Operating Income $89,897

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: GLR4*
  • Property Type: Residential Income
  • Parcel Number: 5696019010
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 424.33

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: In Garage, Common Area
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 9006.00
  • Lot Size Acres: 0.2067

Multi Family

  • Gross Multiplier: 15.47
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 120.00
  • Lot Size Area: 9006.0000 Square Feet
  • Net Operating Income: 89897.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Total Expenses: 40063.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2012
Sold by
Zahterian Simon K and Zahterian Salpi
Bought by
436 Windsor Holdings Llc
Current Estimated Value
$2,485,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 10, 2009
Sold by
Angel Coin Service
Bought by
Safarian Vazgaen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2009
Sold by
Safarian Vazgaen
Bought by
Zahterian Simon K and Zahterian Salpi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2008
Sold by
Safarian Hilda Garami
Bought by
Safarian Vazgaen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2000
Sold by
Kechedzian Sirarpi and Kechedzian Gevorg
Bought by
Safarian Vazgaen and Safarian Hilda Gerami

Purchase Details

Closed on
Sep 28, 1999
Sold by
Kechedzian Khoren and Kechedzian Susanna
Bought by
Kechedzian Sirarpi and Kechedzian Gevorg

Purchase Details

Closed on
Sep 28, 1993
Sold by
Sogoyan Sarkis and Sogoyan Teresa
Bought by
Sogoyan Sarkis and Sogoyan Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.95%
Mortgage Type
Commercial
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
436 Windsor Holdings Llc -- Chicago Title Company
Safarian Vazgaen -- Lawyers Title Company
Zahterian Simon K -- Lawyers Title Company
Safarian Vazgaen -- Southland Title Company
Safarian Vazgaen -- Commonwealth Title
Kechedzian Sirarpi -- Commonwealth Title
Kechedzian Sirarpi -- American Title Co
Sogoyan Sarkis -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 436 Windsor Holdings Llc $730,000
Previous Owner Zahterian Simon K $480,000
Previous Owner Safarian Vazgaen $675,000
Previous Owner Sogoyan Sarkis $335,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $1,988,000 0.0% $424 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $1,988,000 -- $424 / 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 $23,855 $2,151,872 $863,779 $1,288,093
2024 $23,855 $2,109,680 $846,843 $1,262,837
2023 $23,322 $2,068,315 $830,239 $1,238,076
2022 $22,926 $2,027,760 $813,960 $1,213,800
2021 $13,283 $1,137,645 $682,587 $455,058
2020 $13,099 $1,128,380 $675,588 $452,792
2019 $12,795 $1,106,303 $662,342 $443,961
2018 $12,550 $1,084,658 $649,355 $435,303
2016 $11,924 $1,040,235 $624,141 $416,094
2015 $11,690 $1,024,610 $614,766 $409,844
2014 $11,643 $1,004,540 $602,724 $401,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320005046

California Regional Multiple Listing Service (CRMLS)

APN: 5696-019-010