NOT LISTED FOR SALE

Estimated Value: $975,000 - $2,143,203

8 Beds
4 Baths
3,121 Sq Ft
$497/Sq Ft Est. Value

Last Sold June 28, 2012

Last sale price $825,000 $264 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $9,251/month

93 Days on Market

Highlights

  • 8 Car Direct Access Garage
  • Wood Siding
  • No Heating
  • Woodrow Wilson High School Rated A

About This Home

As of June 2012

Approved Short-Sale on this magnificent 4 plex.. Each unit is a 2 bed/ 1 bath with private yards. Actual Gross Income is $71,400/Annually. Property is fully leased and tenants love their private yards, the quiet neighborhood and parking the building offers. Property is composed of 2 duplex structures on one lot. This is a desirable rental area, property leases up fast. Located 2 blocks from Wilson High, Big Rec Golf Course and numerous shopping outlets. 2 private garages with large driveway at rear. The lot size is over 10,000/square feet and has alley access. Outstanding value...perfect for investor or owner occupied Buyers. Each unit is individual submetered for gas and electricity. Landlord pays for water. Property to be sold in 'As-Is' condition w/ no implied warranties. Drive by inspection only, Tenants are unware of sale. Please do not walk on the property. All Offers will be Subject to Inspection.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 01/03/2012

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 01/03/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 10,149

Home Design

  • 3,121 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Car Direct Access Garage
  • Assigned Parking

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 019
  • Tax Tract Number 12278
  • Assessor Parcel Number 7220009019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,213
  • Gardener Expense $555
  • Insurance Expense $1,800
  • Professional Management Expense $3,600
  • Water Sewer Expense $500
  • New Taxes Expense $10,312
  • Gross Income $5,950
  • Net Operating Income $53,826

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.52
  • Professional Management Expense: 3600.00
  • View: No
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Gardener Expense: 555.00
  • Parcel Number: 7220009019
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 264.34

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Average2 Bed Area: 780
  • Electric Expense: 1213.00
  • Gross Income: 5950.00
  • Gross Multiplier: 11.55
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 53826.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17574.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 10312.00
  • Tax Lot: 019
  • Tax Tract Number: 12278

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2018
Sold by
Taing John I and Taing Sophie Sandra
Bought by
Taing John Ich and Taing Sophie Sandra
Current Estimated Value
$1,550,801

Purchase Details

Closed on
Apr 26, 2013
Sold by
Taing John I and Taing Sophie S
Bought by
Taing John I and Taing Sophie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Outstanding Balance
$405,160
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$1,145,641

Purchase Details

Listed on
Jan 3, 2012
Closed on
Jun 26, 2012
Sold by
Valdez Bros Llc
Bought by
Taing John I and Taing Sophie S
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$825,000
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Original Mortgage
$577,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2006
Sold by
Malan Mark
Bought by
Valdez Bros Llc

Purchase Details

Closed on
Jan 9, 2006
Sold by
Malan Marietta
Bought by
Malan Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2006
Sold by
Sewell Orville E and Sewell Glenda E
Bought by
Malan Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2003
Sold by
Sewell Clifford J
Bought by
Sewell Orville E and Sewell Glenda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2003
Sold by
Sewell Orville E and Sewell Glenda A
Bought by
Sewell Clifford J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2002
Sold by
Sewell Orville E and Sewell Glenda A
Bought by
Sewell Orville E and Sewell Glenda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.84%
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
Taing John Ich -- None Available
Taing John I -- None Available
Taing John I -- Lsi
Taing John I $825,000 Ortc
Valdez Bros Llc -- None Available
Malan Mark -- Commonwealth Land Title Co
Malan Mark $1,000,000 Commonwealth Land Title Co
Sewell Orville E -- North American Title Co
Sewell Clifford J -- --
Sewell Orville E -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taing John I $571,000
Closed Taing John I $577,500
Previous Owner Malan Mark $400,000
Previous Owner Malan Mark $500,000
Previous Owner Sewell Orville E $415,000
Previous Owner Sewell Orville E $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2012 06/28/12 Sold $825,000 0.0% $264 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $825,000 -- $264 / 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 $13,515 $1,029,530 $723,792 $305,738
2024 $13,515 $1,009,344 $709,600 $299,744
2023 $13,288 $989,554 $695,687 $293,867
2022 $12,486 $970,152 $682,047 $288,105
2021 $12,234 $951,130 $668,674 $282,456
2019 $12,061 $922,921 $648,842 $274,079
2018 $11,624 $904,825 $636,120 $268,705
2016 $10,696 $869,692 $611,420 $258,272
2015 $10,270 $856,629 $602,236 $254,393
2014 $10,208 $839,850 $590,440 $249,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P807368

California Regional Multiple Listing Service (CRMLS)

APN: 7220-009-019