NOT LISTED FOR SALE

Estimated Value: $781,000 - $1,085,000

2 Beds
2 Baths
1,260 Sq Ft
$730/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $790,000 $627 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,708/month

53 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Hiking Trails
  • Lincoln High School Rated A-
  • Lawn
  • 5-minute walk to Montecito Heights Community Center and Park

About This Home

As of January 2024

This charming 1950's duplex located in the desirable Montecito Heights neighborhood is 1260 sq ft. Each 1 bed & 1 bath unit has an excellent floor plan and beautiful original hardwood floors in good condition. Each unit has 630 sq. feet. Interior was remodeled approximately 12 years ago. Tile floors in kitchens and bathrooms. Two (2) stoves included. All window A/C units are included. There is updated electrical & copper plumbing throughout property. Detached 2 car garage with laundry hookups inside (permitted) & washer/dryer included. Both units have patios. Close to shopping & 110 fwy. ADU Potential to convert garage!!! The property is zoned R-3. Both units to be provided vacant at the close of escrow.

Last Agent to Sell the Property

Brian Zubia

Anchor Mortgage Lending License #02064060 Listed on: 10/09/2023

Last Buyer's Agent

Maggie Ding

Compass License #01414326

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 4,823 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Fence is in fair condition
  • Front Yard Sprinklers
  • Lawn
  • Back Yard

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway Up Slope From Street

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Asphalt Roof
  • Copper Plumbing

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Screens
  • Panel Doors
  • Living Room
  • Center Hall
  • Wood Flooring

Kitchen

  • Gas and Electric Range
  • Range Hood
  • Freezer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 5
  • Tax Tract Number 1
  • Assessor Parcel Number 5303005005

Community Details

Overview

  • 2 Units

Recreation

  • Park
  • Dog Park
  • Hiking Trails

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $3,600
  • Gross Income $28,800
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD3
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5303005005
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 626.98
  • Room Type: All Bedrooms Down, Center Hall, Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Fair Condition
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway Up Slope From Street, Garage - Single Door
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Freezer, Gas & Electric Range, Gas Water Heater, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Hiking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Sprinklers In Front
  • Lot Size Sq Ft: 4823.00
  • Lot Size Acres: 0.1107

Rental Info

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

Multi Family

  • Gross Income: 28800.00
  • Gross Operating Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4823.0000 Square Feet
  • Net Operating Income: 25200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: Yes
  • Total Actual Rent: 2400.00
  • Total Expenses: 3600.00

Tax Info

  • Tax Census Tract: 1993.00
  • Tax Lot: 5
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Dec 11, 2023
Sold by
Gonzalez Armando Mario and Gonzalez Christine Anne
Bought by
Engel-Holmes Nathan
Seller's Agent
Brian Zubia
Anchor Mortgage Lending
Buyer's Agent
Maggie Ding
Compass
List Price
$880,000
Sold Price
$790,000
Premium/Discount to List
-$90,000
-10.23%
Views
531
Current Estimated Value
$979,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,993
Avg. Annual Appreciation
7.71%
Original Mortgage
$260,000
Outstanding Balance
$255,508
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$664,416

Purchase Details

Closed on
Dec 27, 2019
Sold by
Gonzalez Armando Mario and Bard Christine Anne
Bought by
Gonzalez Armando Mario and Bard Christine Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2006
Sold by
Padilla Steven and Desert Acquisitions Inc
Bought by
Gonzalez Armando Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 7, 2005
Sold by
Jacobs Padilla Donna
Bought by
Padilla Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2005
Sold by
Gonzalez Ignacia V
Bought by
Padilla Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Engel-Holmes Nathan $790,000 Lawyers Title Company
Gonzalez Armando Mario -- Amrock Inc
Gonzalez Armando Mario $440,000 Fidelity National Title Co
Padilla Steven -- Fidelity National Title Co
Padilla Steven -- Fidelity National Title Co
Padilla Steven $300,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engel-Holmes Nathan $260,000
Previous Owner Gonzalez Armando Mario $226,000
Previous Owner Padilla Steven $66,000
Previous Owner Gonzalez Armando Mario $352,000
Previous Owner Padilla Steven $249,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $790,000 -2.3% $627 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
11/29/2023 11/29/23 Price Changed $809,000 -4.8% $642 / Sq Ft
11/12/2023 11/12/23 Price Changed $849,900 -3.4% $675 / Sq Ft
10/09/2023 10/09/23 For Sale $880,000 -- $698 / 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 $7,432 $805,800 $601,800 $204,000
2024 $7,432 $589,489 $468,918 $120,571
2023 $7,291 $577,931 $459,724 $118,207
2022 $6,958 $566,600 $450,710 $115,890
2021 $6,873 $555,491 $441,873 $113,618
2020 $6,940 $549,796 $437,343 $112,453
2019 $6,671 $539,017 $428,768 $110,249
2018 $6,596 $528,449 $420,361 $108,088
2016 $5,377 $430,000 $349,500 $80,500
2015 $5,199 $415,000 $337,300 $77,700
2014 $4,655 $360,000 $292,600 $67,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23188498

California Regional Multiple Listing Service (CRMLS)

APN: 5303-005-005