NOT LISTED FOR SALE

Estimated Value: $711,000 - $1,188,000

5 Beds
3 Baths
1,900 Sq Ft
$513/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $819,000 $431 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,916/month

12 Days on Market

Highlights

  • Granite Countertops
  • Two Homes on a Lot
  • Park
  • No HOA
  • Walk-In Closet
  • Laundry Room

About This Home

As of October 2022

WOW! 2 separate houses on one APN number. Zoned R2. Owned by same family for over 100 years. Each house has it's own address & own utilities. Separate gas, water & electrical meters. Legal description only list the back house on the APN. The back house is about 75 years old, it was Acquired when the 55 freeway was widened in late 1960s. Purchased at auction & moved, by the city, to the lot. Good condition with living room, eat in kitchen, 3 bedrooms & 1 large bathroom, Small backyard & side yards. Front house was built approx 1920, but remolded in 1990s. It's in good condition with living room, eat in kitchen, 2 bedrooms & 2 bathrooms. It has a fenced front yard. Each property has an inside laundry room. New stoves in each. Over the years, there's been some updating to some windows, most cabinets/counters/flooring/etc. There's a 2 car detached garage between the 2 houses, over the years, as rentals, this was a shared feature. It can be converted to a JADU for additional rental income. Location on the street is excellent with an elementary school, civic center & church all located directly across the street from the property, providing additional parking. Just off the 55 Freeway. Unique opportunity for investment, rents run between $2100-$2600 for the area/per unit. Or great for generational or extended family living. These types of properties rarely come to the market. Don't wait to show them!

Last Agent to Sell the Property

Rayetta Philen

Landmark Realtors License #01212555 Listed on: 09/21/2022

Last Buyer's Agent

alex young

Asset Realty Group License #02138006

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Fence is in average condition
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Fire Rated Drywall
  • Interior Block Wall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Additional Features

  • Two Homes on a Lot
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, trash collection, water
  • Legal Lot and Block 2 / 5
  • Tax Tract Number 39
  • Assessor Parcel Number 01608143
  • $498 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Maintenance Expense $2,400
  • Pest Control $1,200
  • New Taxes Expense $8,400
  • Operating Expense $13,800
  • Gross Income $2,400
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 01608143
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls, Ceiling Fan(s), Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 431.05
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Average Condition, Block, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Laundry Features: Individual Room, Inside
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Garage Rental Rate: 200.00
  • Tenant Pays: All Utilities, Trash Collection, Water

Multi Family

  • Garage Income: 2400.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 45000.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13800.00
  • Rent Control: No
  • Total Expenses: 13800.00

Tax Info

  • New Taxes Expense: 8400.00
  • Tax Block: 5
  • Tax Census Tract: 740.03
  • Tax Lot: 2
  • Tax Tract Number: 39
  • TaxOtherAnnualAssessmentAmount: 498.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 5, 2022
Sold by
2019 Manuel H Rivera Revocable Living Tr
Bought by
Raad Real Estate Llc
Seller's Agent
Rayetta Philen
Landmark Realtors
Buyer's Agent
alex young
Asset Realty Group
List Price
$849,900
Sold Price
$819,000
Premium/Discount to List
-$30,900
-3.64%
Views
14
Current Estimated Value
$974,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,661
Avg. Annual Appreciation
5.55%
Original Mortgage
$770,000
Outstanding Balance
$740,187
Interest Rate
5.89%
Mortgage Type
Construction
Estimated Equity
$234,474

Purchase Details

Closed on
Aug 20, 2019
Sold by
Rivera Manuel H
Bought by
Rlt Rivera Manuel H

Purchase Details

Closed on
Oct 19, 2000
Sold by
Rivera and Manuel
Bought by
Rivera Manuel H and Rivera Dolores H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,200
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 1996
Sold by
Miramontes and Diane
Bought by
Rivera Kevin and Rivera Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,113
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 1995
Sold by
Miramontes Diane
Bought by
Miramontes Javier and Miramontes Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
9.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 1994
Sold by
Quintero Manuel
Bought by
Quintero Carmen

Purchase Details

Closed on
Aug 10, 1994
Sold by
Quintero Carmen Holquin
Bought by
Quintero Carmen
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
Raad Real Estate Llc $819,000 First American Title
Rlt Rivera Manuel H -- None Available
Rivera Manuel H -- United Title Company
Rivera Kevin $131,500 Continental Lawyers Title Co
Miramontes Javier -- First Southwestern Title Co
Quintero Carmen -- --
Quintero Carmen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raad Real Estate Llc $770,000
Previous Owner Rivera Manuel H $154,200
Previous Owner Rivera Kevin $130,113
Previous Owner Miramontes Javier $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2022 10/25/22 Sold $819,000 0.0% $431 / Sq Ft
10/25/2022 10/25/22 Sold $819,000 -1.3% $455 / Sq Ft View Prior Sale
10/03/2022 10/03/22 Pending -- -- --
10/03/2022 10/03/22 Pending -- -- --
09/28/2022 09/28/22 Price Changed $829,900 0.0% $437 / Sq Ft
09/28/2022 09/28/22 Price Changed $829,900 -2.4% $461 / Sq Ft
09/21/2022 09/21/22 For Sale $849,900 0.0% $447 / Sq Ft
08/11/2022 08/11/22 For Sale $849,900 -- $472 / 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 $9,835 $906,147 $770,537 $135,610
2024 $9,835 $835,380 $755,429 $79,951
2023 $9,594 $819,000 $740,616 $78,384
2022 $3,441 $262,211 $188,787 $73,424
2021 $3,364 $257,070 $185,085 $71,985
2020 $3,367 $254,435 $183,188 $71,247
2019 $3,307 $249,447 $179,597 $69,850
2018 $3,187 $244,556 $176,075 $68,481
2017 $3,160 $239,761 $172,622 $67,139
2016 $3,099 $235,060 $169,237 $65,823
2015 $3,060 $231,530 $166,695 $64,835
2014 $3,006 $226,995 $163,430 $63,565
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22176877

California Regional Multiple Listing Service (CRMLS)

APN: 016-081-43