NOT LISTED FOR SALE

Estimated Value: $1,300,895 - $1,653,000

5 Beds
5 Baths
2,900 Sq Ft
$509/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $546,000 $188 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $8,448/month

63 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • No Heating

About This Home

As of November 2012

EXCELLENT PROPERTY LOCATED ON A QUIET RESIDENTIAL STREET WITH EASY ACCESS TO FREEWAYS AND PUBLIC TRANSPOTATION. OWNER HAS SPENT OVER $105K IN UPGRADES AND RENOVATIOS - REPLUMBING, ELECTRICAL UPGRADES,NEW LANDSCAPING AND IRRIGATION SYSTEMS AND 2 UNIS FULLY UPGRADED. GREAT LOCATION. RENTS ARE LOW BUT PROPERTY HAS A LOT OF POTENTIALL. 5 GARAGES AND PLENTY OF ADDITIONAL PARKING. PROPERTY IS IN GREAT CONDITION.

Last Agent to Sell the Property

Vicky De La Cruz

Bella Home Realty License #01075519 Listed on: 08/09/2012

Last Buyer's Agent

David Schuchman

Roque & Mark Company, Inc. License #01472937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,599

Year Built

  • Built in 1928

Lot Details

  • 7,703

Parking

  • 5 Car Garage

Home Design

  • 2,900 Sq Ft Home
  • Cottage
  • Stucco

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,703 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 986
  • Tax Tract Number 1566
  • Assessor Parcel Number 5062007038

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $660
  • Insurance Expense $2,327
  • Maintenance Expense $250
  • Other Expense $500
  • Trash Expense $500
  • Water Sewer Expense $3,150
  • New Taxes Expense $7,186
  • Gross Income $4,280
  • Net Operating Income $33,103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,599

Year Built

Built in 1928

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 5.76
  • View: No
  • Water Sewer Expenses: 3150.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 5062007038
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Wood
  • Appliances: No
  • Price Per Square Foot: 188.28

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Trash Expense: 500.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7703.00
  • Lot Size Acres: 0.1770

Multi Family

  • Gross Income: 4280.00
  • Gross Multiplier: 11.19
  • Gross Scheduled Income: 51368.00
  • Insurance Expense: 2327.00
  • Maintenance Expense: 250.00
  • Net Operating Income: 33103.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 18265.00
  • Other Expense: 500.00
  • Other Expense Description: 3582

Tax Info

  • New Taxes Expense: 7186.00
  • Tax Area: 67
  • Tax Lot: 986
  • Tax Tract Number: 1566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Salej Sarah Freed
Bought by
Freed Benjamin
Current Estimated Value
$1,476,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$393,302
Interest Rate
3.6%
Estimated Equity
$1,083,646

Purchase Details

Listed on
Aug 9, 2012
Closed on
Oct 12, 2012
Sold by
Lattey Peter and The Lattey Trust
Bought by
Freed Benjamin and Freed Rachel
Seller's Agent
Vicky De La Cruz
Bella Home Realty
Buyer's Agent
David Schuchman
Roque & Mark Company, Inc.
List Price
$574,900
Sold Price
$546,000
Premium/Discount to List
-$28,900
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$364,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2005
Sold by
Lattey Peter
Bought by
Lattey Peter and The Lattey Trust

Purchase Details

Closed on
Jun 27, 2005
Sold by
Lattey Peter and Percival Lisa Mary
Bought by
Lattey Peter

Purchase Details

Closed on
Apr 28, 2004
Sold by
Mazariego Josue Otoniel
Bought by
Lattey Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2003
Sold by
Perez Judith and Rodriguez Tomas
Bought by
Mazariego Josue Otoniel

Purchase Details

Closed on
May 5, 2000
Sold by
Posadas Miguel
Bought by
Mazariego Josue Otoniel and Perez Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,841
Interest Rate
8.67%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 1999
Sold by
Posadas Miguel and Bonfil David
Bought by
Posadas Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,450
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 1997
Sold by
Villalobos Corina
Bought by
Posadas Miguel and Bonfil David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,368
Interest Rate
7.56%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 1996
Sold by
Quijada Martha D
Bought by
Quijada Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,250
Interest Rate
7.53%
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
Freed Benjamin -- Chicago Title
Freed Benjamin $520,000 Ticor Title
Lattey Peter -- Accommodation
Lattey Peter -- --
Lattey Peter $389,000 Southland Title Corporation
Mazariego Josue Otoniel -- Southland Title Corporation
Mazariego Josue Otoniel $264,000 United Title Company
Posadas Miguel -- Fidelity National Title
Posadas Miguel $225,000 Benefit Title Company
Villalobos Corina -- Benefit Land Title Company
Quijada Jorge A -- Benefit Land Title Company
Quijada Jorge A $145,500 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freed Benjamin $450,000
Previous Owner Freed Benjamin $364,000
Previous Owner Lattey Peter $281,250
Previous Owner Mazariego Josue Otoniel $261,841
Previous Owner Posadas Miguel $11,450
Previous Owner Posadas Miguel $217,368
Previous Owner Quijada Jorge A $143,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2012 11/30/12 Sold $546,000 -5.0% $188 / Sq Ft
10/11/2012 10/11/12 Pending -- -- --
08/09/2012 08/09/12 For Sale $574,900 -- $198 / 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 $8,599 $640,330 $430,993 $209,337
2024 $8,599 $627,776 $422,543 $205,233
2023 $8,453 $615,467 $414,258 $201,209
2022 $8,099 $603,400 $406,136 $197,264
2021 $7,977 $591,570 $398,173 $193,397
2020 $8,045 $585,505 $394,091 $191,414
2019 $7,760 $574,025 $386,364 $187,661
2018 $7,654 $562,771 $378,789 $183,982
2016 $7,246 $540,920 $364,081 $176,839
2015 $7,150 $532,796 $358,613 $174,183
2014 $7,205 $522,360 $351,589 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1204264

California Regional Multiple Listing Service (CRMLS)

APN: 5062-007-038