NOT LISTED FOR SALE

Estimated Value: $953,000 - $1,138,000

6 Beds
4 Baths
2,468 Sq Ft
$423/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $972,200 $394 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,550/month

58 Days on Market

Highlights

  • Property is near public transit
  • 4 Car Garage
  • Front Yard
  • No HOA
  • Rectangular Lot

About This Home

As of May 2022

BACK ON THE MARKET!!!! Great Investor Opportunity to add a great income property into a rental portfolio with Long Term Good Standing Tenants. These four units offer the following: A duplex with 1 bedroom 1 bath each. Additional 2 Buildings with 2 bedrooms 1 bath each. All four units have an assigned single car garage and 1 parking space. Each unit offers a private front yard as well. Conveniently located off of Towne and Kingsley, close to Public Transportation, restaurants, and shopping.

Last Agent to Sell the Property

HECTOR AGUILAR

EXP REALTY OF CALIFORNIA INC License #01257668 Listed on: 12/29/2021

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Albert Rodriguez

CENTURY 21 CITRUS REALTY INC License #01250095

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 10,288 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Parking Lot

Home Design

  • 2,468 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 8337010016
  • $947 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Water Sewer Expense $1,500
  • Operating Expense $2,700
  • Gross Income $66,000
  • Net Operating Income $63,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: POR3YY
  • Property Type: Residential Income
  • Parcel Number: 8337010016
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 393.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Rear, On Site, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 10288.00
  • Lot Size Acres: 0.2362
  • Latitude Manual: 34.06413600

Multi Family

  • Gross Operating Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 10288.0000 Square Feet
  • Net Operating Income: 63300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 2700.00
  • Rent Control: Yes
  • Total Expenses: 2700.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 4026.00
  • Tax Lot: 15
  • Tax Tract Number: har...
  • TaxOtherAnnualAssessmentAmount: 947.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bandin Homar
Bought by
Homar Bandin Trust
Current Estimated Value
$1,042,905

Purchase Details

Closed on
Jul 2, 2007
Sold by
Adair Robert H and Adair Ana Dolores
Bought by
Mercado David and Mercado Saylia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2003
Sold by
Adair Robert H and Adair Ana Dolores
Bought by
Adair Robert H and Adair Ana Dolores

Purchase Details

Closed on
Oct 22, 1996
Sold by
Adair Robert H and Adair Ana Dolores
Bought by
Adair Robert H and Adair Ana Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
9.12%

Purchase Details

Closed on
Feb 13, 1995
Sold by
Williams Lynn
Bought by
Adir Robert H and Adair Ana Dolores
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Homar Bandin Trust -- --
Mercado David $455,000 Security Union Title Company
Adair Robert H -- --
Adair Robert H -- Fidelity National Title
Adir Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercado David $318,500
Previous Owner Adair Robert H $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $972,200 +2.3% $394 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/22/2022 02/22/22 Price Changed $950,000 +2.7% $385 / Sq Ft
02/17/2022 02/17/22 For Sale $925,000 0.0% $375 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
12/29/2021 12/29/21 For Sale $925,000 -- $375 / 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 $13,033 $1,031,705 $769,800 $261,905
2024 $13,033 $1,011,476 $754,706 $256,770
2023 $12,776 $991,644 $739,908 $251,736
2022 $9,251 $693,132 $618,874 $74,258
2021 $9,039 $679,542 $606,740 $72,802
2020 $9,011 $672,575 $600,519 $72,056
2019 $9,231 $659,389 $588,745 $70,644
2018 $8,477 $646,460 $577,201 $69,259
2016 $6,471 $494,000 $441,000 $53,000
2015 $6,045 $455,000 $406,200 $48,800
2014 $5,471 $400,000 $357,100 $42,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21270023

California Regional Multiple Listing Service (CRMLS)

APN: 8337-010-016