NOT LISTED FOR SALE

Estimated Value: $409,000 - $570,223

6 Beds
4 Baths
2,236 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 11, 2015

Last sale price $260,000 $116 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,961/month

100 Days on Market

Highlights

  • Primary Bedroom Suite
  • Modern Architecture
  • 4 Car Direct Access Garage
  • View of Hills
  • No HOA
  • Laundry Room

About This Home

As of December 2015

** Two Units ** Almost New ** This units were completed and first occupied in 2012 ** Excellent Opportunity for 2 families OR live in one and rent the other ** They are identical mirror image and each features 3 Bedrooms and 2.5 Baths ** All Bedrooms are upstairs ** Tile floors downstairs ** Living Room with Fireplace ** Master Bedroom ** Each Unit has an attached 2 Car Garage with direct access to home ** Side Yard for the kids to play or BBQ ** Driveway is completely concreted for additional parking space ** Each Unit has it's own Electric and Gas Meter ** Don't let this one pass you by ** Do not disturb occupants **

Last Agent to Sell the Property

Eduardo Franco

ALTICORE REALTY License #01342548 Listed on: 07/22/2015

ALTICORE REALTY

Last Buyer's Agent

Eduardo Franco

ALTICORE REALTY License #01342548 Listed on: 07/22/2015

ALTICORE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,595

Year Built

  • Built in 2010

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Side Yard Sprinklers

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Modern Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,236 Sq Ft Home
  • Blinds
  • Living Room with Fireplace
  • Views of Hills
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 43601
  • Assessor Parcel Number 437171007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $1,700
  • New Taxes Expense $2,970
  • Gross Income $1,900
  • Net Operating Income $16,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,595

Year Built

Built in 2010

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 1700.00
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 437171007
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 116.28
  • Room Type: All Bedrooms Up, Living Room, Master Suite
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Hills
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 6500-9999, Sprinklers On Side
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 39.79
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 1900.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 16730.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6070.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2970.00
  • Tax Lot: 4
  • Tax Tract Number: 43601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2015
Closed on
Dec 8, 2015
Sold by
Valdez Maria
Bought by
Valdez Adrian
Seller's Agent
Eduardo Franco
ALTICORE REALTY
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$492,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,306
Avg. Annual Appreciation
6.92%
Original Mortgage
$255,290
Outstanding Balance
$201,891
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$297,659

Purchase Details

Listed on
Jul 22, 2015
Closed on
Nov 3, 2015
Sold by
Navarrete Ramon
Bought by
Valdez Adrian
Seller's Agent
Eduardo Franco
ALTICORE REALTY
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Outstanding Balance
$201,891
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$297,659

Purchase Details

Listed on
Feb 18, 2012
Closed on
Apr 16, 2012
Sold by
Landau Rss
Bought by
Landau Music Group Inc
Seller's Agent
Cory Ryan
RE/MAX Empire Properties
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$179,900
Sold Price
$179,000
Premium/Discount to List
-$900
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$174,462
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 18, 2012
Closed on
Apr 11, 2012
Sold by
Landau Music Group Inc
Bought by
Navarrete Ramon
Seller's Agent
Cory Ryan
RE/MAX Empire Properties
Buyer's Agent
Eduardo Franco
ALTICORE REALTY
List Price
$179,900
Sold Price
$179,000
Premium/Discount to List
-$900
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,462
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 2012
Sold by
Landau Russ
Bought by
Landau Music 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
$174,462
Interest Rate
3.98%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2010
Sold by
Martinez Raul and Quintero Irma D
Bought by
Landau Russ and Landau Music Group Inc Define Benefit Pl

Purchase Details

Closed on
Mar 17, 2010
Sold by
Martinez Raul and Quintero Irma D
Bought by
Landau Russ and Landau Music Group Inc

Purchase Details

Closed on
Apr 19, 2007
Sold by
Martinez Angel
Bought by
Martinez Raul and Quintero Irma D

Purchase Details

Closed on
Dec 4, 2006
Sold by
Martinez Maria
Bought by
Martinez Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2006
Sold by
Carrasco Joaquin
Bought by
Martinez Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,750
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2005
Sold by
Carrasco Daisy
Bought by
Carrasco Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2005
Sold by
Pawlak Clark
Bought by
Souper George R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2005
Sold by
Souper George R
Bought by
Carrasco Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2002
Sold by
Oaknoll Investments
Bought by
Asadourian A Victor and Asadourian Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500
Interest Rate
5.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 25, 2002
Sold by
Asadourian A Victor and Asadourian Jean M
Bought by
Souper George R and Pawlak Clark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500
Interest Rate
5.95%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Valdez Adrian -- Orange Coast Title
Valdez Adrian $260,000 Orange Coast Title
Landau Music Group Inc -- Chicago Title Inland Empire
Navarrete Ramon $186,000 Multiple
Landau Music Group Inc -- None Available
Landau Russ -- None Available
Landau Russ -- Stewart Title
Martinez Raul -- None Available
Martinez Angel -- Old Republic Title
Martinez Angel $130,000 Old Republic Title
Carrasco Joaquin -- Chicago Title Company
Souper George R $10,000 --
Carrasco Joaquin $55,000 Chicago Title Company
Asadourian A Victor -- First American Title Co
Souper George R $22,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valdez Adrian $255,290
Previous Owner Navarrete Ramon $174,462
Previous Owner Martinez Raul $210,000
Previous Owner Martinez Raul $140,000
Previous Owner Martinez Angel $45,000
Previous Owner Martinez Angel $80,750
Previous Owner Carrasco Joaquin $44,000
Previous Owner Souper George R $17,500
Previous Owner Souper George R $15,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2015 12/11/15 Sold $260,000 -3.7% $116 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $270,000 +50.8% $121 / Sq Ft
05/16/2012 05/16/12 Sold $179,000 -0.5% $80 / Sq Ft
03/29/2012 03/29/12 Pending -- -- --
02/18/2012 02/18/12 For Sale $179,900 -- $80 / 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 $3,595 $307,780 $53,268 $254,512
2023 $3,595 $295,830 $51,200 $244,630
2022 $3,510 $290,031 $50,197 $239,834
2021 $3,452 $284,345 $49,213 $235,132
2020 $3,424 $281,431 $48,709 $232,722
2019 $3,391 $275,913 $47,754 $228,159
2018 $3,296 $270,504 $46,818 $223,686
2017 $3,363 $265,200 $45,900 $219,300
2016 $3,221 $260,000 $45,000 $215,000
2015 $2,328 $194,387 $47,029 $147,358
2014 $2,261 $190,580 $46,108 $144,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15160225

California Regional Multiple Listing Service (CRMLS)

APN: 437-171-007