NOT LISTED FOR SALE

Estimated Value: $776,000 - $827,000

2 Beds
2 Baths
3,708 Sq Ft
$215/Sq Ft Est. Value

Last Sold November 06, 2024

Last sale price $800,000 $216 Per Sq Ft

Current estimated payment $4,481/month

191 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

As of November 2024

- 1989 Construction Asset Consisting of Two Duplexes With All 2BR / 1.75BA Units
- Rear Building Offers Six Single-Car Garages
- Large 13,068-Square Foot Lot Offers Additional Surface Parking
- 25 Percent Rental Upside
- Located Around the Corner From Mistletoe Park

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 03/27/2024

Co-Listed By

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Last Buyer's Agent

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,708 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 437104018
  • $267 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $21,407
  • Net Operating Income $45,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.05
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 437104018
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 215.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Gross Scheduled Income: 68880.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 45407.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 21407.00
  • Rent Control: Yes
  • Total Expenses: 21407.00

Tax Info

  • Tax Census Tract: 436.01
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 267.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Oct 24, 2024
Sold by
Ness Family Living And Revocable Trust and Janssen Terry L
Bought by
Uwadia Oje Joel and Uwadia Helen Olufunke
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
David O'Keefe
Marcus & Millichap
List Price
$7,160,000
Sold Price
$800,000
Premium/Discount to List
-$6,360,000
-88.83%
Views
33
Current Estimated Value
$798,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,724
Avg. Annual Appreciation
-0.19%
Original Mortgage
$570,000
Outstanding Balance
$563,695
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$234,581

Purchase Details

Closed on
Oct 17, 2013
Sold by
Janssen Terry L
Bought by
Janssen Terry L and Janssen Patricia Marie
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
Uwadia Oje Joel $800,000 Ticor Title
Janssen Terry L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uwadia Oje Joel $570,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2024 11/06/24 Sold $800,000 -11.0% $216 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $899,000 -87.4% $242 / Sq Ft
03/27/2024 03/27/24 For Sale $7,160,000 -- $1,931 / 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 $3,585 $800,000 $150,000 $650,000
2023 $3,585 $282,890 $91,930 $190,960
2022 $3,503 $277,344 $90,128 $187,216
2021 $3,448 $271,907 $88,361 $183,546
2020 $3,421 $269,119 $87,455 $181,664
2019 $3,359 $263,843 $85,741 $178,102
2018 $3,299 $258,670 $84,061 $174,609
2017 $3,234 $253,599 $82,413 $171,186
2016 $3,091 $248,628 $80,798 $167,830
2015 $3,052 $244,896 $79,586 $165,310
2014 $2,952 $240,101 $78,028 $162,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24061045

California Regional Multiple Listing Service (CRMLS)

APN: 437-104-018