NOT LISTED FOR SALE

Estimated Value: $1,036,000 - $1,109,000

7 Beds
5 Baths
2,444 Sq Ft
$437/Sq Ft Est. Value

Last Sold January 22, 2014

Last sale price $531,000 $217 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,366/month

84 Days on Market

About This Home

As of January 2014

House and 3 units. 2 bedroom 1 bath house in front and triplex in the rear consisting of one 3 bedroom 2 bath and two 1 bedroom 1 bath units. All new exterior paint. Very low expenses. Tenants pay all utilities including water and trash. Room to increase rents. See actual and market rents below. Long term tenants - two tenants have been there for many years. First time on the market in over 10 years. Great street exposure allows for quick and easy renting. Plenty of off street parking for tenants.

Last Agent to Sell the Property

Mike Lembeck

Citivest Realty Services Inc. License #01019397 Listed on: 10/25/2013

Last Buyer's Agent

Tony Turek

Coldwell Banker Realty License #643837

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,816 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,444 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7127022024

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $500
  • New Taxes Expense $5,819
  • Gross Income $3,670
  • Net Operating Income $36,361

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 6.87
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7127022024
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5816.00
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3670.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 44040.00
  • Insurance Expense: 500.00
  • Lot Size Area: 5816.0000 Square Feet
  • Net Operating Income: 36361.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6799.00
  • Operating Expense Percent: 15.40
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 5819.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2018
Sold by
Horn Seana and Horn Seana
Bought by
Horn Seana and Seana Horn Living Trust
Current Estimated Value
$1,069,127

Purchase Details

Closed on
Oct 28, 2015
Sold by
Naing Him
Bought by
Horn Seana

Purchase Details

Closed on
Nov 18, 2013
Sold by
Blackburn Wyatt and Blackburn Kono
Bought by
Naing Him and Horn Seana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,382
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2003
Sold by
Andrade Javier and Andrade Guadalupe
Bought by
Blackburn Wyatt and Blackburn Kono

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,800
Interest Rate
1.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Aguiling Frank Delroose P
Bought by
Andrade Javier and Andrade Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.43%

Purchase Details

Closed on
Apr 10, 2001
Sold by
Aguiling Susan B
Bought by
Aguiling Frankdelroose P
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
Horn Seana -- None Available
Horn Seana -- None Available
Naing Him $531,000 Fidelity National Title Co
Blackburn Wyatt $470,000 Lawyers Title Company
Andrade Javier $310,000 Chicago Title Co
Aguiling Frankdelroose P -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naing Him $521,382
Previous Owner Blackburn Wyatt $352,800
Previous Owner Andrade Javier $248,000
Closed Andrade Javier $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2014 01/22/14 Sold $531,000 +0.4% $217 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
10/25/2013 10/25/13 For Sale $529,000 -- $216 / 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 $9,175 $650,923 $283,169 $367,754
2024 $8,768 $638,161 $277,617 $360,544
2023 $8,617 $625,649 $272,174 $353,475
2022 $8,101 $613,383 $266,838 $346,545
2021 $7,930 $601,356 $261,606 $339,750
2020 $7,910 $595,191 $258,924 $336,267
2019 $7,818 $583,522 $253,848 $329,674
2018 $7,530 $572,081 $248,871 $323,210
2016 $6,931 $549,868 $239,208 $310,660
2015 $6,659 $541,609 $235,615 $305,994
2014 $5,649 $445,000 $200,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13217796

California Regional Multiple Listing Service (CRMLS)

APN: 7127-022-024