NOT LISTED FOR SALE

Estimated Value: $777,000 - $869,000

3 Beds
2 Baths
1,272 Sq Ft
$652/Sq Ft Est. Value

Last Sold February 23, 2016

Last sale price $450,000 $354 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,103/month

5 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Two Homes on a Lot
  • Los Cerritos Elementary School Rated A
  • No HOA
  • Cul-De-Sac

About This Home

As of February 2016

Vintage property built in 1933. Two on a lot. Main house has 2 bedrooms and 1.5 baths. Wood floors in most rooms and a faux fireplace in living room. Kitchen has gas stove. Dining area off the kitchen is adjacent to the laundry room. French doors off one bedroom lead to the spacious backyard. Larger closet area and half bath off the master bedroom. Detached oversized one car garage. The one bedroom back unit is attached to the garage and has a separate entrance and parking in the alley. Bathroom has been updated with tile floors in the bathroom and around the tub. Property in tucked away on a cul de sac in "Sleepy Hollow" just above Virginia Country Club.

Last Agent to Sell the Property

Kristina Lightman

Seven Gables Real Estate License #00942615 Listed on: 11/08/2015

Seven Gables Real Estate

Last Buyer's Agent

Eileen Rivera

GE Dean and Associates License #01208517

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,982

Year Built

  • Built in 1933

Lot Details

  • 6,312 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac
  • Fence is in average condition

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Cosmetic Repairs Needed
  • Wood Siding

Interior Spaces

  • 1,272 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Wood Flooring
  • Gas Range
  • Laundry Room
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Two Homes on a Lot
  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 119
  • Tax Tract Number 10396
  • Assessor Parcel Number 7133014024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $600
  • New Taxes Expense $4,000
  • Gross Income $2,500
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,982

Year Built

Built in 1933

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Stove
  • Property Attached: No
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7133014024
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Decorative
  • Levels: One
  • Price Per Square Foot: 353.77
  • Room Type: Basement

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Average Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6312.00
  • Price Per Lot Square Foot: 71.29
  • Lot Size Acres: 0.1450

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 372
  • Average2 Bed Area: 900
  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6312.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 900.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Lot: 119
  • Tax Tract Number: 10396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2015
Sold by
Anderson Carrie E and Ellis Heather W
Bought by
Phillips Marissa Lopez
Current Estimated Value
$829,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,798
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 2007
Sold by
Bell Laura J
Bought by
Anderson Carrie E and Ellis Heather W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Phillips Marissa Lopez $450,000 First American Title Company
Anderson Carrie E $605,000 Progressive Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Marissa Lopez $504,000
Closed Phillips Marissa Lopez $498,000
Closed Phillips Mrissa Lopez $18,797
Previous Owner Phillips Marissa Lopez $441,798
Previous Owner Anderson Carrie E $484,000
Previous Owner Bell Laura J $200,000
Previous Owner Stadig Clinton H $238,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2016 02/23/16 Sold $450,000 +12.5% $354 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
11/08/2015 11/08/15 For Sale $400,000 -- $314 / 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 $6,982 $538,273 $319,622 $218,651
2024 $6,982 $527,719 $313,355 $214,364
2023 $6,864 $517,372 $307,211 $210,161
2022 $6,445 $507,229 $301,188 $206,041
2021 $6,316 $497,284 $295,283 $202,001
2020 $8,421 $492,186 $292,256 $199,930
2019 $8,347 $482,536 $286,526 $196,010
2018 $8,098 $468,180 $280,908 $187,272
2016 $5,132 $425,000 $247,900 $177,100
2015 $4,998 $425,000 $247,900 $177,100
2014 $5,062 $425,000 $247,900 $177,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15242450

California Regional Multiple Listing Service (CRMLS)

APN: 7133-014-024