NOT LISTED FOR SALE

Estimated Value: $1,010,000 - $1,173,000

9 Beds
5 Baths
3,203 Sq Ft
$340/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $975,000 $304 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,018/month

4 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 2 Attached Carport Spaces
  • Modern Architecture
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of August 2021

Attractive Fourplex building has new stucco and exterior paint. Beautiful new double pane windows on first level. 1 car garage and two carports at rear. Good unit mix consist of three 2 bedrooms 1 bath and one 3 bedroom two bath which was recently remodeled and kept vacant for a possible new owner occupant or can be rented through sec 8 for $2735. The unit features recessed lighting in Kit and Living Rm. The 2 full baths have new Kohler Bathtubs with bright white tile and new vanities. One of the baths is located in the master bedroom. The kitchen features new cabinets with crown molding, new counter top. Front unit facing Century Blvd is a spacious 2 bedroom 1 bath with large living room and formal dinning room. currently vacant section 8 wiil pay $2263 . The other two 2 bedroom units are located on the upper level occupied by long term tenants. There is a laundry room with two coin operated washers and dryer

Last Agent to Sell the Property

HORACE VELASQUEZ

COLDWELL BANKER TOWN & COUNTRY License #00926688 Listed on: 07/01/2021

COLDWELL BANKER TOWN & COUNTRY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,066

Year Built

  • Built in 1953

Lot Details

  • 4,760 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway

Home Design

  • 3,203 Sq Ft Home
  • Quadruplex
  • Modern Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Pre-Cast Concrete Construction
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 10
  • Tax Tract Number 6401
  • Assessor Parcel Number 6063004034

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $667
  • Gardener Expense $720
  • Insurance Expense $1,804
  • Other Expense $120
  • Water Sewer Expense $2,400
  • New Taxes Expense $12,187
  • Operating Expense $17,898
  • Gross Income $2,700
  • Net Operating Income $74,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,066

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: 626-233-3650
  • Price Per Unit: 243750
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Architectural Style: Modern
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6063004034
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 304.40
  • Room Type: Master Bathroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Laundry Features: Common Area, Individual Room, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Level with Street, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 4760.00
  • Lot Size Acres: 0.1093

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 667.00
  • Gross Income: 2700.00
  • Gross Multiplier: 10.55
  • Gross Scheduled Income: 92376.00
  • Insurance Expense: 1804.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 4760.0000 Square Feet
  • Net Operating Income: 74598.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 17778.00
  • Other Expense: 120.00
  • Other Expense Description: Gas
  • Rent Control: Yes
  • Total Actual Rent: 2700.00
  • Total Expenses: 17898.00

Tax Info

  • New Taxes Expense: 12187.00
  • Tax Block: 10
  • Tax Census Tract: 2406.00
  • Tax Lot: 10
  • Tax Tract Number: 6401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Jul 14, 2021
Sold by
Minton Vicky
Bought by
Equbatsion Dawit Zerai
Seller's Agent
HORACE VELASQUEZ
COLDWELL BANKER TOWN & COUNTRY
List Price
$975,000
Sold Price
$975,000
Current Estimated Value
$1,088,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,116
Avg. Annual Appreciation
3.65%
Original Mortgage
$780,000
Outstanding Balance
$709,742
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$415,752

Purchase Details

Closed on
Jun 24, 2021
Sold by
Minton Gwendolyn E
Bought by
Minton Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Outstanding Balance
$709,742
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$415,752

Purchase Details

Closed on
Dec 24, 2008
Sold by
Minton Vicky
Bought by
Minton Vicky and Minton Gwendolyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
6.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 1995
Sold by
Harris Catherine and The Alfred Butler Sr Trust
Bought by
Minton Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,806
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 1993
Sold by
Butler Alfred
Bought by
Butler Alfred and Alfred Butler Sr Trust
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
Equbatsion Dawit Zerai $975,000 Fidelity Natl Ttl Co Torranc
Minton Vicky -- Accommodation
Minton Vicky -- Investors Title Company
Minton Vicky $158,000 Orange Coast Title
Butler Alfred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equbatsion Dawit Zerai $780,000
Previous Owner Minton Vicky $264,938
Previous Owner Minton Vicky $265,000
Previous Owner Minton Vicky $283,000
Previous Owner Minton Vicky $180,000
Previous Owner Minton Vicky $154,806
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $975,000 0.0% $304 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $975,000 -- $304 / 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 $13,066 $1,034,677 $424,483 $610,194
2024 $13,066 $1,014,390 $416,160 $598,230
2023 $12,819 $994,500 $408,000 $586,500
2022 $12,242 $975,000 $400,000 $575,000
2021 $3,698 $242,464 $76,723 $165,741
2020 $3,724 $239,979 $75,937 $164,042
2019 $3,598 $235,275 $74,449 $160,826
2018 $3,499 $230,663 $72,990 $157,673
2016 $3,313 $221,707 $70,156 $151,551
2015 $3,265 $218,378 $69,103 $149,275
2014 $3,285 $214,101 $67,750 $146,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21139153

California Regional Multiple Listing Service (CRMLS)

APN: 6063-004-034