NOT LISTED FOR SALE

4792 Canoga St Montclair, CA 91763

Estimated Value: $1,195,807 - $1,278,000

4 Beds
4 Baths
4,288 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $775,000 $181 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,465/month

97 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace

About This Home

As of May 2019

4 plex located in a very densely populated rental pocket of Montclair. Option to purchase with FHA loan and live in one unit. Rents are under market rates which provides an upside opportunity to a new investor. Rents are under market by ± 29%. Very little turnover and strong long term rental market. Increase income by adding laundry and implementing turf grass to reduce operating costs and increase returns. Property being sold as-is, inspection report available upon request.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 01/11/2019

Last Buyer's Agent

Jessica Chiu

A + Realty & Mortgage License #01303406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,287

Year Built

  • Built in 1964

Lot Details

  • 7,642 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,288 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 12
  • Tax Tract Number 5631
  • Assessor Parcel Number 1009451070000

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $1,458
  • Trash Expense $2,700
  • Water Sewer Expense $2,640
  • New Taxes Expense $10,612
  • Operating Expense $20,470
  • Gross Income $48,600
  • Net Operating Income $26,573

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,287

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2640.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1009451070000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 180.74

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2700.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7642.00
  • Lot Size Acres: 0.1754
  • Latitude Manual: 34.06610800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1072 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 48600.00
  • Gross Operating Income: 47142.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7642.0000 Square Feet
  • Maintenance Expense: 1458.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 26573.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20470.00
  • Rent Control: No
  • Total Actual Rent: 4050.00
  • Total Expenses: 20470.00
  • Vacancy Allowance: 1548
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Census Tract: 3.01
  • Tax Lot: 12
  • Tax Tract Number: 5631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2019
Closed on
Apr 22, 2019
Sold by
Nguyen Steve Tien and Ngo Hue Thi
Bought by
Chang Byron and He Cathy Y
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Jessica Chiu
A + Realty & Mortgage
List Price
$869,000
Sold Price
$775,000
Premium/Discount to List
-$94,000
-10.82%
Current Estimated Value
$1,227,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,952
Avg. Annual Appreciation
7.64%
Original Mortgage
$535,000
Outstanding Balance
$470,396
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$757,556

Purchase Details

Closed on
Dec 22, 2016
Sold by
Nguyen Steve Tien
Bought by
Nguyen Steve Tien and Ngo Hue Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,345
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Villalvazo Jorge
Bought by
Nguyen Steve Tien and Ngo Hue Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Garavito Adriana
Bought by
Villalvazo Jorge and Rodriguez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,750
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2001
Sold by
Torres Yerba
Bought by
Garavito Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,214
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2001
Sold by
Torres Bayardo
Bought by
Torres Yelba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,214
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 8, 1997
Sold by
Torres Rita
Bought by
Torres Bayardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,362
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 1997
Sold by
Mcleod Ross and Mc Leod Diane B Tr
Bought by
Torres Bayardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,362
Interest Rate
7.36%
Mortgage Type
FHA
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
Chang Byron $775,000 Stewart Title Of Ca Inc
Nguyen Steve Tien -- Ticor Title Company Of Ca
Nguyen Steve Tien $425,000 Orange Coast Title
Villalvazo Jorge $305,000 First American
Garavito Adriana $254,000 Fidelity National Title Ins
Torres Yelba -- Fidelity National Title Ins
Torres Bayardo -- First American Title Ins Co
Torres Bayardo -- First American Title Ins Co
Mcleod A Ross -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Byron $535,000
Previous Owner Nguyen Steve Tien $201,345
Previous Owner Nguyen Steve Tien $255,000
Previous Owner Villalvazo Jorge $289,750
Previous Owner Garavito Adriana $241,214
Previous Owner Torres Bayardo $182,362
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $775,000 -3.1% $181 / Sq Ft
03/28/2019 03/28/19 Price Changed $800,000 -4.6% $187 / Sq Ft
02/26/2019 02/26/19 Price Changed $839,000 -3.5% $196 / Sq Ft
01/11/2019 01/11/19 For Sale $869,000 -- $203 / 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 $9,287 $864,527 $301,190 $563,337
2024 $9,287 $847,575 $295,284 $552,291
2023 $9,026 $830,956 $289,494 $541,462
2022 $8,907 $814,663 $283,818 $530,845
2021 $8,852 $798,689 $278,253 $520,436
2020 $8,696 $790,500 $275,400 $515,100
2019 $6,037 $541,690 $203,930 $337,760
2018 $5,954 $531,068 $199,931 $331,137
2017 $5,740 $520,655 $196,011 $324,644
2016 $5,513 $510,446 $192,168 $318,278
2015 $5,476 $502,778 $189,281 $313,497
2014 $5,306 $492,929 $185,573 $307,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19008793

California Regional Multiple Listing Service (CRMLS)

APN: 1009-451-07