NOT LISTED FOR SALE

Estimated Value: $750,000 - $817,000

4 Beds
2 Baths
1,900 Sq Ft
$419/Sq Ft Est. Value

Last Sold September 08, 2015

Last sale price $405,000 $213 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $5,097/month

68 Days on Market

About This Home

As of September 2015

Great income property with long term tenants! Both homes are 2 bedroom 1 bath with upside potential. The front home is estimated at 1,000 square feet and the rear home is estimated at 900 square feet. Each home has it's own address and do not share a common wall. The address for the rear home is 441 E Adams. Located walking distance to Monroe Elementary School and Delhi Community Center. The property is being sold with existing tenants.

Last Agent to Sell the Property

Jody Clegg

Compass License #01230876 Listed on: 06/03/2015

Compass

Co-Listed By

Brian Wollner

Compass License #01889264

Last Buyer's Agent

Phyllis Downes

Realty USA License #01304585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,163

Year Built

  • Built in 1961

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Parking Spaces

Interior Spaces

  • 1,900 Sq Ft Home
  • Family Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 39
  • Assessor Parcel Number 01608133

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $2,000
  • Trash Expense $240
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,115
  • Gross Income $2,000
  • Net Operating Income $14,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,163

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 3.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 01608133
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Bath, Family Room, Kitchen, Patio
  • Levels: One
  • Price Per Square Foot: 213.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Price Per Lot Square Foot: 58.11
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 14045.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 9955.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5115.00
  • Taxes Percent: 1.10
  • Tax Lot: 24
  • Tax Tract Number: 39
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Rochel Ramon
Bought by
Inv Partners Services Llc
Current Estimated Value
$795,248

Purchase Details

Listed on
Jun 3, 2015
Closed on
Aug 11, 2015
Sold by
Villalobos Rita
Bought by
Rochel Ramon
Seller's Agent
Jody Clegg
Compass
Buyer's Agent
Phyllis Downes
Realty USA
List Price
$465,000
Sold Price
$405,000
Premium/Discount to List
-$60,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%

Purchase Details

Listed on
Jun 3, 2015
Closed on
Jul 24, 2015
Sold by
Villalobos Rita
Bought by
Foofoo Square Llc
Seller's Agent
Jody Clegg
Compass
Buyer's Agent
Phyllis Downes
Realty USA
List Price
$465,000
Sold Price
$405,000
Premium/Discount to List
-$60,000
-12.9%

Purchase Details

Closed on
Oct 22, 2012
Sold by
Villalobos Rita
Bought by
Villalobos Rita

Purchase Details

Closed on
Feb 23, 1994
Sold by
Old Republic Title Company
Bought by
Rousseau Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 1994
Sold by
Villalobos Joe and Villalobos Rita
Bought by
Villalobos Joe and Villalobos Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
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
Inv Partners Services Llc -- None Listed On Document
Rochel Ramon $405,000 Ticor Title
Foofoo Square Llc -- None Available
Villalobos Rita -- None Available
Rousseau Mtg Corp -- Old Republic Title Co
Villalobos Joe -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rochel Ramon $338,000
Previous Owner Villalobos Joe $100,000
Previous Owner Rousseau Mtg Corp $83,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2015 09/08/15 Sold $405,000 -12.9% $213 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $465,000 -- $245 / 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 $9,163 $479,434 $407,765 $71,669
2024 $9,163 $775,000 $703,142 $71,858
2023 $5,625 $460,818 $391,931 $68,887
2022 $5,565 $451,783 $384,246 $67,537
2021 $5,436 $442,925 $376,712 $66,213
2020 $5,446 $438,384 $372,849 $65,535
2019 $5,341 $429,789 $365,539 $64,250
2018 $5,140 $421,362 $358,371 $62,991
2017 $5,097 $413,100 $351,344 $61,756
2016 $4,997 $405,000 $344,454 $60,546
2015 $1,009 $48,428 $14,236 $34,192
2014 $990 $47,480 $13,957 $33,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15119152

California Regional Multiple Listing Service (CRMLS)

APN: 016-081-33