NOT LISTED FOR SALE

Estimated Value: $629,000 - $915,000

8 Beds
4 Baths
2,780 Sq Ft
$273/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $430,000 $155 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,526/month

7 Days on Market

About This Home

As of March 2019

AWESOME OPPORTUNITY for this Investment property in a nice residential neighborhood. Large 4-plex offers each unit 2 bedrooms & 1 bath. There is a nice sized carport with storage and a laundry along with a fairly recent driveway which provides excellent parking. The units are tiled and have open kitchens and a few of the units have been recently updated. Fantastic Location with Long-term tenants. Walking distance to the park and close to schools, churches, shopping centers, restaurants and easy access to major freeways.

Last Agent to Sell the Property

John Williams

Robert Bonito, Broker License #01259924 Listed on: 02/09/2019

Last Buyer's Agent

John Williams

Robert Bonito, Broker License #01259924 Listed on: 02/09/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,017

Year Built

  • Built in 1957

Lot Details

  • 10,800 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence

Home Design

  • 2,780 Sq Ft Home
  • Quadruplex
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Driveway Level
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 14
  • Assessor Parcel Number 0137161250000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $600
  • Insurance Expense $1,830
  • Trash Expense $908
  • Water Sewer Expense $2,560
  • New Taxes Expense $2,300
  • Operating Expense $7,598
  • Gross Income $37,200
  • Net Operating Income $29,602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,017

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2560.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0137161250000
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 154.68

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Concrete, Driveway Level
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 908.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10800.00
  • Lot Size Acres: 0.2479

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1830.00
  • Lot Size Area: 10800.0000 Square Feet
  • Net Operating Income: 29602.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 7598.00
  • Rent Control: No
  • Total Expenses: 7598.00

Tax Info

  • New Taxes Expense: 2300.00
  • Tax Block: 14
  • Tax Census Tract: 49.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2020
Sold by
Golden Opportunity No 14 Lp
Bought by
Spssm Investments Ix Lp
Current Estimated Value
$759,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,954,000
Outstanding Balance
$7,922,090
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$7,162,930

Purchase Details

Listed on
Feb 9, 2019
Closed on
Feb 25, 2019
Sold by
Myers Steven Mark and Steven Mark Myers Revocable Tr
Bought by
Golden Opportunity No 14 Lp
Seller's Agent
John Williams
Robert Bonito, Broker
Buyer's Agent
John Williams
Robert Bonito, Broker
List Price
$398,000
Sold Price
$430,000
Premium/Discount to List
$32,000
8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$430,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2012
Sold by
Myers Steven Mark
Bought by
Myers Steven Mark and Steven Mark Myers Revocable Tr

Purchase Details

Closed on
Oct 17, 1996
Sold by
Myers Steven M
Bought by
Myers Steven M
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
Spssm Investments Ix Lp -- Orange Coast Title Co
Golden Opportunity No 14 Lp $430,000 Chicago Title Company
Myers Steven Mark -- None Available
Myers Steven M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spssm Investments Ix Lp $8,954,000
Previous Owner Golden Opportunity No 14 Lp $430,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2019 03/05/19 Sold $430,000 +8.0% $155 / Sq Ft
02/16/2019 02/16/19 Pending -- -- --
02/09/2019 02/09/19 For Sale $398,000 -- $143 / 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 $6,017 $479,674 $122,707 $356,967
2024 $6,017 $470,269 $120,301 $349,968
2023 $5,867 $461,048 $117,942 $343,106
2022 $5,880 $452,007 $115,629 $336,378
2021 $5,894 $443,144 $113,362 $329,782
2020 $5,913 $438,600 $112,200 $326,400
2019 $2,419 $174,146 $18,375 $155,771
2018 $2,393 $170,732 $18,015 $152,717
2017 $2,319 $167,385 $17,662 $149,723
2016 $2,250 $164,103 $17,316 $146,787
2015 $2,141 $161,638 $17,056 $144,582
2014 $2,081 $158,472 $16,722 $141,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19032397

California Regional Multiple Listing Service (CRMLS)

APN: 0137-161-25