NOT LISTED FOR SALE

Estimated Value: $878,000 - $1,005,259

7 Beds
4 Baths
2,640 Sq Ft
$355/Sq Ft Est. Value

Last Sold November 13, 2012

Last sale price $312,500 $118 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $5,377/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • No HOA
  • Wood Flooring
  • Private Yard
  • Neighborhood Views

About This Home

As of November 2012

We have this great two unit building. This building has a new paint job. The interior of the units are in good condition. There is a large yard with carport parking. The meters have been upgraded. There is onsite parking for both units. It is fully occupied and must be purchased occupied. This is a perfect building for an investor. There is a 4 bedroom 2 bath unit and the second unit is a 3 bedroom 2 bath. They have previously been remodeled. They are fully occuped with stable tenants. Units are being sold "as-is". This property is "Corporate Owned".

Last Agent to Sell the Property

Danny Flores

DANIEL FLORES, BROKER License #01779773 Listed on: 09/18/2012

Last Buyer's Agent

Joel Rangel

Coldwell Banker Realty License #01827663

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,098

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • 5,223 Sq Ft Lot
  • Lot Dimensions are 40' x 130'
  • Fenced
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 2,640 Sq Ft Home
  • Blinds
  • Window Screens
  • Living Room
  • Neighborhood Views
  • Fire and Smoke Detector
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Paved Parking
  • Uncovered Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Legal Lot and Block 58 / C
  • Tax Tract Number 2317
  • Assessor Parcel Number 5019027026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,889
  • Gardener Expense $1,080
  • Insurance Expense $800
  • Maintenance Expense $886
  • Professional Management Expense $2,955
  • Trash Expense $164
  • Water Sewer Expense $3,762
  • New Taxes Expense $3,619
  • Gross Income $3,245
  • Net Operating Income $20,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,098

Year Built

Built in 1908 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.38
  • Price Per Unit: 164500
  • Professional Management Expense: 2955.00
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Bowen and Chamberlin's Main and Figuera
  • View: Yes
  • Water Sewer Expenses: 3762.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 5019027026
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters, Unfurnished
  • Flooring: Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 118.37
  • Room Type: Living Room, Master Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport, Concrete, On Site, Parking Space, Private, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 164.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre, Front Yard, Level, Lawn, Rectangular Lot, Paved, Utilities - Overhead, Yard
  • Lot Size: 40' x 130'
  • Lot Size Sq Ft: 5223.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 1295
  • Electric Expense: 1889.00
  • Gross Income: 3245.00
  • Gross Multiplier: 8.44
  • Gross Scheduled Income: 38940.00
  • Gross Spendable Income: 5506.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5223.0000 Square Feet
  • Maintenance Expense: 886.00
  • Maintenance Percent: 2.40
  • Net Operating Income: 20982.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 16189.00
  • Operating Expense Percent: 43.90
  • Rent Control: Yes
  • Total Actual Rent: 2945.00
  • Vacancy Allowance: 1168
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3619.00
  • Tax Area: 212
  • Tax Block: C
  • Tax Lot: 58
  • Tax Tract Number: 2317
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2012
Closed on
Nov 5, 2012
Sold by
Zhu Dongmei
Bought by
Cheng Ke
Seller's Agent
Danny Flores
DANIEL FLORES, BROKER
Buyer's Agent
Joel Rangel
Coldwell Banker Realty
List Price
$329,000
Sold Price
$312,500
Premium/Discount to List
-$16,500
-5.02%
Current Estimated Value
$937,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,315
Avg. Annual Appreciation
9.13%

Purchase Details

Listed on
Sep 18, 2012
Closed on
Oct 24, 2012
Sold by
Rms Residential Properties Llc
Bought by
Cheng Ke
Seller's Agent
Danny Flores
DANIEL FLORES, BROKER
Buyer's Agent
Joel Rangel
Coldwell Banker Realty
List Price
$329,000
Sold Price
$312,500
Premium/Discount to List
-$16,500
-5.02%

Purchase Details

Closed on
Oct 27, 2008
Sold by
Govea Brigida
Bought by
Rms Residential Properties Llc

Purchase Details

Closed on
Apr 11, 2006
Sold by
Sterling Investment Funding Llc
Bought by
Govea Brigida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
7.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2005
Sold by
Asadullah Geraldine
Bought by
Asadullah Shareef

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 2005
Sold by
Asadullah Shareef
Bought by
Sterling Investment Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2003
Sold by
Martinez Rick
Bought by
Asadullah Shareef

Purchase Details

Closed on
Dec 17, 2001
Sold by
Asadullah Geraldine Banks
Bought by
Asadullah Shareef

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2001
Sold by
Deleon Leonel Humberto
Bought by
Martinez Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
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
Cheng Ke -- Netco Title Company
Cheng Ke $325,000 Netco Title Company
Rms Residential Properties Llc $583,821 Fidelity Natl Title Ins Co
Govea Brigida $660,000 Fidelity National Title Co
Asadullah Shareef -- First American Title Company
Sterling Investment Funding Llc $377,500 Fatcola
Asadullah Shareef -- --
Asadullah Shareef -- Landsafe Title
Martinez Rick $80,000 Landsafe Title Co
Deleon Leonel Humberto -- Landsafe Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Ke $199,000
Previous Owner Rms Residential Properties Llc $583,822
Previous Owner Govea Brigida $528,000
Previous Owner Sterling Investment Funding Llc $0
Previous Owner Sterling Investment Funding Llc $112,000
Previous Owner Assadullah Shareef $47,000
Previous Owner Asadullah Shareef $20,000
Previous Owner Assadullah Shareef $175,000
Previous Owner Asadullah Shareef $3,100
Previous Owner Deleon Leonel Humberto $3,100
Previous Owner Martinez Rick $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2012 11/13/12 Sold $312,500 -5.0% $118 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $329,000 -- $125 / 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 $5,098 $400,201 $280,144 $120,057
2024 $5,098 $392,354 $274,651 $117,703
2023 $5,009 $384,662 $269,266 $115,396
2022 $4,788 $377,121 $263,987 $113,134
2021 $4,715 $369,727 $258,811 $110,916
2019 $4,580 $358,763 $251,136 $107,627
2018 $4,485 $351,729 $246,212 $105,517
2016 $4,268 $338,073 $236,652 $101,421
2015 $4,208 $332,996 $233,098 $99,898
2014 $4,235 $326,474 $228,532 $97,942
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: M12117814

California Regional Multiple Listing Service (CRMLS)

APN: 5019-027-026