NOT LISTED FOR SALE

Estimated Value: $480,000 - $536,000

3 Beds
3 Baths
2,130 Sq Ft
$234/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $345,000 $162 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,171/month

8 Days on Market

Highlights

  • Solar Power System
  • Property is near a park
  • No HOA
  • Open Floorplan
  • Granite Countertops
  • Neighborhood Views

About This Home

As of December 2020

Beautifully UPGRADED three-unit investment property with an increasing and stable residual income and current tenant contracts! This functional triplex property was made to save money and was built for convenience. It comes complete with SOLAR Service that power all the units, three separate detached garages, individual WASHER and DRYER hook-ups in each unit, and upgraded interior features! Inside, warm living features such as GRANITE COUNTER-TOPS, HARDWOOD FLOORING, and NEW PAINT gives these units a comfortable living space that inspires well living. These units also come with a full kitchen that includes a double sink, gas stove and oven range, garbage disposals, newer counter-tops, and plenty of cabinet space. These units are nestled in a small gated community of similar housing units that gives it a unique homey feel and shared community space. All units have been well managed, and all repairs and upgrades were done with accuracy and on time, which keeps them in great condition. If you plan on increasing your monthly and yearly revenue on a new income property, this is the purchase for you! With three separate opportunities for income all in one convenient location and minimum hassle, this property secures a stable foothold in the housing market.

Last Agent to Sell the Property

Dana Barnes

NON-MEMBER/NBA or BTERM OFFICE License #01780725 Listed on: 09/25/2020

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,435

Year Built

  • Built in 1979

Lot Details

  • 6,970 Sq Ft Lot
  • Property fronts a private road
  • Two or More Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,130 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Granite Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Evaporated cooling system
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Solar Power System
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, telephone
  • Legal Lot and Block 12 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 435171011

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Valley

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $675
  • Insurance Expense $1,900
  • Maintenance Expense $2,821
  • Other Expense $2,880
  • Pest Control $1,140
  • Professional Management Expense $2,054
  • Trash Expense $510
  • Water Sewer Expense $1,320
  • New Taxes Expense $4,347
  • Operating Expense $15,097
  • Gross Income $33,589
  • Net Operating Income $25,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,435

Year Built

Built in 1979

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Solar System and Service to transfer to new buyer.
  • Other Phone Description: 9514403175
  • Other Phone Number: 9514403175
  • Professional Management Expense: 2054.00
  • Property Attached: Yes
  • Road Frontage Type: City Street, Private Road
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1320.00
  • Zoning: R2
  • Property Type: Residential Income
  • Gardener Expense: 675.00
  • Parcel Number: 435171011
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Granite Counters, Open Floorplan, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 161.97
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Pest Control Expense: 1140.00
  • Sewer: Public Sewer
  • Trash Expense: 510.00
  • Water Source: Public
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

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

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, Park Nearby, Paved
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Telephone

Multi Family

  • Average1 Bed Area: 710 Square Feet
  • Gross Income: 33589.00
  • Gross Operating Income: 33589.00
  • Gross Scheduled Income: 35340.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2821.00
  • Net Operating Income: 25921.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 7668.00
  • Other Expense: 2880.00
  • Other Expense Description: Solar
  • Rent Control: Yes
  • Total Actual Rent: 1795.00
  • Total Expenses: 15097.00
  • Vacancy Allowance: 1945
  • Vacancy Allowance Rate: 8.00

Tax Info

  • New Taxes Expense: 4347.00
  • Tax Block: A
  • Tax Census Tract: 436.02
  • Tax Lot: 12
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Golden Opportunity No 28 Lp
Bought by
Illidan 28 Lp
Current Estimated Value
$511,616

Purchase Details

Listed on
Sep 25, 2020
Closed on
Oct 19, 2020
Sold by
Mah Terry A
Bought by
Golden Opportunity No 28 Lp
Seller's Agent
Dana Barnes
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Nov 10, 2016
Sold by
Mah Inness W
Bought by
Mah Terry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2016
Sold by
Mejia Ruth
Bought by
Mah Terry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 15, 2015
Closed on
Jun 18, 2015
Sold by
Marshall Laura L
Bought by
Mejia Ruth
Seller's Agent
LAURA MARSHALL
PLATINUM REALTY GROUP
Buyer's Agent
Sameh Riad
Pioneers Home Realty, Inc.
List Price
$175,000
Sold Price
$180,000
Premium/Discount to List
$5,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$176,739
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2014
Sold by
Marshall John F
Bought by
Marshall Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 9, 2013
Closed on
Oct 17, 2013
Sold by
Esqueda Rafael and Esqueda Lisa Renee
Bought by
Gcp J15 Llc
Seller's Agent
Alonso Ledezma
SAN JACINTO REALTY - LEDEZMA
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$121,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2009
Sold by
Us Bank National Association
Bought by
Esqueda Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2008
Sold by
Ewell Shakir
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 28, 2006
Sold by
Ewell Sheryl
Bought by
Ewell Shakir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,600
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2006
Sold by
Garcia Rojas Fernando Martinez and Martinez Maria Del Carmen
Bought by
Ewell Shakir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,600
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2002
Sold by
Legend Investment Group Inc
Bought by
Garcia Rojas Fernando Martinez and Martinez Maria Delcarmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2001
Sold by
Anderson Harry C
Bought by
Legend Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,425
Interest Rate
6.84%
Mortgage Type
Commercial
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
Illidan 28 Lp -- Orange Coast Title Co
Golden Opportunity No 28 Lp $345,000 Orange Coast Title Co
Mah Terry A -- Chicago Title Company
Mah Terry A $235,000 Chicago Title Company
Mejia Ruth $180,000 First American Title Company
Marshall Laura L -- First American Title Company
Marshall Laura L -- First American Title Company
Gcp J15 Llc $180,000 Chicago Title Inland Empire
Esqueda Rafael $120,000 Commerce Title
Us Bank Na $310,000 None Available
Ewell Shakir -- First American Title Co
Ewell Shakir $412,000 First American Title Company
Garcia Rojas Fernando Martinez $140,000 Orange Coast Title
Legend Investment Group Inc $93,000 Orange Coast Title
Anderson Harry C -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mah Terry A $161,250
Previous Owner Mejia Ruth $176,739
Previous Owner Marshall Laura L $125,000
Previous Owner Gcp J15 Llc $121,000
Previous Owner Esqueda Rafael $90,000
Previous Owner Ewell Shakir $329,600
Previous Owner Martinez Fernando $172,000
Previous Owner Martinez Fernando $100,000
Previous Owner Garcia Rojas Fernando Martinez $112,000
Previous Owner Legend Investment Group Inc $100,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2020 12/09/20 Sold $345,000 0.0% $162 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $345,000 +91.7% $162 / Sq Ft
07/31/2015 07/31/15 Sold $180,000 +2.9% $85 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
01/03/2015 01/03/15 For Sale $175,000 -2.8% $82 / Sq Ft
10/30/2013 10/30/13 Sold $180,000 +0.1% $85 / Sq Ft
09/30/2013 09/30/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $179,900 -- $84 / 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 $4,435 $373,437 $43,296 $330,141
2023 $4,435 $438,600 $56,100 $382,500
2022 $5,242 $430,000 $55,000 $375,000
2021 $4,261 $345,000 $40,000 $305,000
2020 $3,324 $249,383 $37,142 $212,241
2019 $3,091 $244,494 $36,414 $208,080
2018 $3,035 $239,700 $35,700 $204,000
2017 $3,290 $235,000 $35,000 $200,000
2016 $2,271 $180,000 $35,000 $145,000
2015 $2,301 $183,596 $35,699 $147,897
2014 $2,232 $180,000 $35,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20197252

California Regional Multiple Listing Service (CRMLS)

APN: 435-171-011