NOT LISTED FOR SALE

4460 Merced Ave Baldwin Park, CA 91706

Estimated Value: $987,000 - $1,158,000

5 Beds
3 Baths
2,280 Sq Ft
$460/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $725,000 $318 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,290/month

53 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room

About This Home

As of December 2018

2 beautiful units in the city of Baldwin Park. The front unit has 3 beds/ 2 baths and the back unit is 2 bed/ 1bath. This is perfect for a first time home buyer to live in one and rent the other or an investment property to rent both units out. It has a 2 car garage, 2 carports & a long drive way. Each unit has their separate gated yard for privacy. Kitchens have granite counter tops with updated cabinets. It is close to Santa Fe Dam, schools, restaurants & Freeways. Property has a lot to offer its a MUST SEE!

Last Agent to Sell the Property

Jose Acosta

Pak Home Realty License #01488402 Listed on: 09/24/2018

Pak Home Realty

Last Buyer's Agent

Robert Mc Cullough

NEW HAVEN INVESTMENTS INC License #00373184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 10,662 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available

Interior Spaces

  • 2,280 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 110
  • Tax Tract Number 4624
  • Assessor Parcel Number 8542014029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $720
  • Trash Expense $576
  • Water Sewer Expense $1,440
  • Operating Expense $2,736
  • Gross Income $16,200
  • Net Operating Income $13,464

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1440.00
  • Zoning: BPR1*
  • Property Type: Residential Income
  • Parcel Number: 8542014029
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 317.98
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 576.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10662.00
  • Lot Size Acres: 0.2448

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 16200.00
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 720.00
  • Lot Size Area: 10662.0000 Square Feet
  • Net Operating Income: 13464.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2736.00
  • Rent Control: No
  • Total Expenses: 2736.00

Tax Info

  • Tax Census Tract: 4049.01
  • Tax Lot: 110
  • Tax Tract Number: 4624

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Dec 4, 2018
Sold by
Alvarez Loreta V and Villanueva Domingo Tomas Alvarez
Bought by
Angelica Garcia Armando and Angelica Elizabeth
Seller's Agent
Jose Acosta
Pak Home Realty
Buyer's Agent
Robert Mc Cullough
NEW HAVEN INVESTMENTS INC
List Price
$735,000
Sold Price
$725,000
Premium/Discount to List
-$10,000
-1.36%
Current Estimated Value
$1,048,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,053
Avg. Annual Appreciation
5.34%
Original Mortgage
$654,252
Outstanding Balance
$584,205
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$463,848

Purchase Details

Closed on
Mar 31, 2009
Sold by
Alvarez Loreta V
Bought by
Alvarez Loreta V and Villanueva Domingo Tomas Alvarez

Purchase Details

Closed on
Dec 9, 2005
Sold by
Alvarez Rogelio
Bought by
Alvarez Loreta V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.35%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 6, 2005
Sold by
Villanueva Alex Alvarez
Bought by
Alvarez Loreta V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.35%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 13, 2003
Sold by
Aguirre Jose M
Bought by
Villanueva Alex Alvarez and Alvarez Loreta V

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
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Alvarez Rogelio
Bought by
Alvarez Loreta V

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
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2000
Sold by
Gockel Robert M
Bought by
Aguirre Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,250
Interest Rate
8.34%

Purchase Details

Closed on
Aug 9, 1999
Sold by
Sheinfeld Daniel G and Sheinfeld Linda R
Bought by
Gockel Robert M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Angelica Garcia Armando $725,000 Provident Title Company
Alvarez Loreta V -- None Available
Alvarez Loreta V -- Fidelity Natl Title Co Of Ca
Alvarez Loreta V -- Fidelity Natl Title Co Of Ca
Villanueva Alex Alvarez -- Commonwealth Land Title Co
Alvarez Loreta V -- Commonwealth Land Title Co
Aguirre Jose M $215,000 Southland Title
Gockel Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angelica Garcia Armando $654,252
Previous Owner Alvarez Loreta V $275,000
Previous Owner Alvarez Loreta V $275,000
Previous Owner Villanueva Alex Alvarez $248,000
Previous Owner Aguirre Jose M $204,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2018 12/28/18 Sold $725,000 -1.4% $318 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/08/2018 11/08/18 Price Changed $735,000 0.0% $322 / Sq Ft
11/08/2018 11/08/18 For Sale $735,000 -2.0% $322 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $750,000 -- $329 / 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 $10,162 $808,747 $501,981 $306,766
2024 $10,162 $792,890 $492,139 $300,751
2023 $10,061 $777,344 $482,490 $294,854
2022 $10,267 $762,103 $473,030 $289,073
2021 $10,116 $747,160 $463,755 $283,405
2020 $10,096 $739,500 $459,000 $280,500
2019 $9,481 $725,000 $450,000 $275,000
2018 $6,328 $491,182 $299,638 $191,544
2016 $5,955 $472,110 $288,003 $184,107
2015 $6,121 $465,019 $283,677 $181,342
2014 $6,035 $455,911 $278,121 $177,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18233405

California Regional Multiple Listing Service (CRMLS)

APN: 8542-014-029