NOT LISTED FOR SALE

Estimated Value: $1,209,000 - $1,701,462

2 Beds
1 Bath
3,024 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 08, 2019

Last sale price $1,113,000 $368 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,570/month

7 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Back and Front Yard
  • Los Cerritos Elementary School Rated A
  • Heating Available

About This Home

As of May 2019

Bixby Knolls Fourplex! In great location near Bixby Knolls Business District, Virginia Country Club and in walking distance to retails shops and restaurants. All units are 2 bedrooms, 1 bathroom. Four (4) garage units used for storage/parking. Quite upscale neighborhood. Market rents in the area are approximately $1750/month. Building has great potential. Recent comparable sale for same building type includes a completely renovated 4 unit bldg. that closed in October 2018 for $1,435,000.00. Great opportunity. A must see!!

Last Agent to Sell the Property

Katherine Bravo

Coldwell Banker Realty License #01312051 Listed on: 03/25/2019

Coldwell Banker Realty

Last Buyer's Agent

Kevin Hoban

Kevin C. Hoban, Broker License #00924277

Kevin C. Hoban, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,517 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • 3,024 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 56
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134023019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

7,517 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7134023019
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 368.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 7517.00
  • Lot Size Acres: 0.1726

Multi Family

  • Gross Scheduled Income: 40800.00
  • Lot Size Area: 7517.0000 Square Feet
  • Net Operating Income: 34800.00
  • 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: 6000.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 56
  • Tax Tract Number: 13130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
May 6, 2019
Sold by
Demir Sevan
Bought by
4339 Elm Llc
Seller's Agent
Katherine Bravo
Coldwell Banker Realty
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,125,000
Sold Price
$1,113,000
Premium/Discount to List
-$12,000
-1.07%
Current Estimated Value
$1,405,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,366
Avg. Annual Appreciation
3.50%
Original Mortgage
$667,800
Outstanding Balance
$582,252
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$823,114

Purchase Details

Listed on
Mar 25, 2019
Closed on
Apr 12, 2019
Sold by
Demir Beatriz
Bought by
Demir Sevan
Seller's Agent
Katherine Bravo
Coldwell Banker Realty
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,125,000
Sold Price
$1,113,000
Premium/Discount to List
-$12,000
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,800
Outstanding Balance
$582,252
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$823,114

Purchase Details

Listed on
Mar 25, 2019
Closed on
Apr 4, 2019
Sold by
The Smith Family Trust
Bought by
Demir Sevan
Seller's Agent
Katherine Bravo
Coldwell Banker Realty
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,125,000
Sold Price
$1,113,000
Premium/Discount to List
-$12,000
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,800
Outstanding Balance
$582,252
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$823,114

Purchase Details

Closed on
Jul 18, 2001
Sold by
Smith James and Smith Vanessa Dale
Bought by
Smith James

Purchase Details

Closed on
Mar 29, 2000
Sold by
Fleming Darryl A and Fleming Judith E
Bought by
Smith James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
8.24%

Purchase Details

Closed on
Jun 14, 1999
Sold by
Fleming Darryl A and Fleming Judith E
Bought by
Flemming Darryl A

Purchase Details

Closed on
Jun 15, 1996
Sold by
Miller Frank J
Bought by
Fleming Darryl A and Fleming Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,782
Interest Rate
8.39%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 1995
Sold by
Miller Frank J and Miller Regina D
Bought by
Miller Frank J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
4339 Elm Llc -- First American Title Company
Demir Sevan -- First American Title Company
Demir Sevan $1,113,000 First American Title Company
Smith James -- --
Smith James -- --
Smith James -- --
Flemming Darryl A -- --
Fleming Darryl A $247,500 Chicago Title
Miller Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demir Sevan $667,800
Previous Owner Smith James $235,000
Previous Owner Fleming Darryl A $237,782
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2019 05/08/19 Sold $1,113,000 -1.1% $368 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $1,125,000 -- $372 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,958 $1,241,567 $669,309 $572,258
2024 $15,958 $1,217,224 $656,186 $561,038
2023 $15,689 $1,193,358 $643,320 $550,038
2022 $14,727 $1,169,959 $630,706 $539,253
2021 $14,432 $1,147,020 $618,340 $528,680
2020 $14,395 $1,135,260 $612,000 $523,260
2019 $5,044 $354,079 $147,416 $206,663
2018 $4,861 $347,137 $144,526 $202,611
2016 $4,468 $333,660 $138,915 $194,745
2015 $4,301 $328,649 $136,829 $191,820
2014 $4,292 $322,212 $134,149 $188,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19066426

California Regional Multiple Listing Service (CRMLS)

APN: 7134-023-019

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