$305,000
SOLD FEB 1, 2013
4 Beds
4 Baths
2,612 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

53% Above List Price

64 Days on Market

About This Home

As of March 2020

THIS IS A SHORT SALE LISTING SUBJECT TO BANK APPROVAL. Great Opportunity to own a 4 unit property in this neighborhood. Rents are all Section 8 so you have a good idea that your rent will automatically be deposited into your account the first of every month!

Last Agent to Sell the Property

Kevin Jones

Realty Professionals License #01128892 Listed on: 09/13/2012

Co-Listed By

Marc Gaspard

Keller Williams Realty License #01782572

Keller Williams Realty

Last Buyer's Agent

Marc Gaspard

Keller Williams Realty License #01782572

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,442

Year Built

  • Built in 1920

Home Design

  • 2,612 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tax Lot 024
  • Tax Tract Number 9401
  • Assessor Parcel Number 5014006024

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,760
  • Insurance Expense $1,200
  • Water Sewer Expense $2,532
  • New Taxes Expense $2,500
  • Gross Income $3,251
  • Net Operating Income $30,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,442

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 50000
  • Water Sewer Expenses: 2532.00
  • Property Type: Residential Income
  • Parcel Number: 5014006024
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 116.77

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 2760.00
  • Gross Income: 3251.00
  • Gross Scheduled Income: 42372.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 30862.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9392.00
  • Rent Control: Yes
  • Total Actual Rent: 3531.00
  • Vacancy Allowance: 2118

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Area: 0212
  • Tax Lot: 024
  • Tax Tract Number: 09401
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Feb 20, 2020
Sold by
Cahvc Llc
Bought by
Taxi Investments Llc
Seller's Agent
Joshua Glaz
The Ave
Buyer's Agent
Mark Radd
Power Brokers
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,227,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,667
Avg. Annual Appreciation
6.99%
Original Mortgage
$680,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 30, 2017
Closed on
Feb 22, 2018
Sold by
Soriano Richard
Bought by
Cahvc Llc
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Joshua Glaz
The Ave
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$510,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2017
Closed on
Feb 2, 2018
Sold by
Soriano Holly
Bought by
Soriano Richard V
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Joshua Glaz
The Ave
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2017
Closed on
Dec 28, 2017
Sold by
Florence Housing Llc
Bought by
Soriano Richard V and Soriano Francis
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Joshua Glaz
The Ave
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2012
Closed on
Jan 22, 2013
Sold by
Harris Eric L
Bought by
Florence Housing Llc
Seller's Agent
Kevin Jones
Realty Professionals
Buyer's Agent
Marc Gaspard
Keller Williams Realty
List Price
$199,000
Sold Price
$305,000
Premium/Discount to List
$106,000
53.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.48%

Purchase Details

Closed on
Jun 16, 2005
Sold by
Henderson Charles
Bought by
Harris Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
5.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 12, 2005
Sold by
Mcneely Denise R
Bought by
Harris Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
5.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 19, 1994
Sold by
Bobo Lozerri
Bought by
Mccaa Jerome and Mccaa Paula

Purchase Details

Closed on
Sep 9, 1994
Sold by
Bobo Cheryl
Bought by
Mccaa Jerome and Mccaa Paula
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $850,000 Pacific Coast Title Company
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Comp
Grant Deed $780,000 Fidelity National Title Comp
Grant Deed $305,000 Priority Title
Grant Deed $560,000 Chicago Title Co
Quit Claim Deed -- Chicago Title Co
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 New Conventional
Closed $680,000 Commercial
Previous Owner $510,000 New Conventional
Previous Owner $1,982,500 Balloon
Previous Owner $101,000 Stand Alone Second
Previous Owner $536,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $50,000 Credit Line Revolving
Previous Owner $532,000 Balloon
Previous Owner $300,000 Unknown
Previous Owner $240,000 Unknown
Previous Owner $13,680 Unknown
Previous Owner $140,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $850,000 0.0% $325 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $850,000 +9.0% $325 / Sq Ft
02/16/2018 02/16/18 Sold $780,000 0.0% $299 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
12/06/2017 12/06/17 Off Market $780,000 -- --
11/30/2017 11/30/17 For Sale $780,000 0.0% $299 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $780,000 +155.7% $299 / Sq Ft
02/01/2013 02/01/13 Sold $305,000 +53.3% $117 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $199,000 -- $76 / 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 $11,442 $929,592 $557,756 $371,836
2024 $11,442 $911,366 $546,820 $364,546
2023 $11,229 $893,498 $536,099 $357,399
2022 $10,720 $875,980 $525,588 $350,392
2021 $10,581 $858,805 $515,283 $343,522
2020 $10,224 $811,512 $541,008 $270,504
2019 $9,828 $795,600 $530,400 $265,200
2018 $4,331 $330,084 $194,804 $135,280
2016 $4,126 $317,269 $187,241 $130,028
2015 $4,070 $312,504 $184,429 $128,075
2014 $4,111 $306,384 $180,817 $125,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12115014

California Regional Multiple Listing Service (CRMLS)

APN: 5014-006-024