$525,000
SOLD DEC 7, 2020
5 Beds
3 Baths
1,864 Sq Ft
5,081 Sq Ft Lot

Recently Sold

$282 Per Sq Ft

9% Below List Price

94 Days on Market

About This Home

As of December 2020

PRICE REDUCTION!!!!! Great opportunity to own Income property!!!! Front unit is 2 Bedrooms a loft and 1 Bath. This unit has been fully remodeled, new kitchen, new floors, interior and exterior paint, new windows. Both back units have 1 Bedroom 1 Bath , and have been upgraded with new windows new exterior paint. New Electric panel new meters . Property sold AS IS.

Last Agent to Sell the Property

Nicholas Wolfs

Sunset Pacific Real Estate Inc. License #01428468 Listed on: 07/07/2020

Last Buyer's Agent

Martha Villalva

Melroy Assett Management License #01334920

Melroy Assett Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,065

Year Built

  • Built in 1895

Lot Details

  • 5,081 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping

Parking

  • 3 Car Garage

Home Design

  • 1,864 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 27
  • Assessor Parcel Number 5109005029

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $800
  • Trash Expense $720
  • New Taxes Expense $2,945
  • Operating Expense $4,465
  • Gross Income $20,400
  • Net Operating Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,065

Year Built

Built in 1895

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5109005029
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 281.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5081.00
  • Lot Size Acres: 0.1166

Multi Family

  • Gross Income: 20400.00
  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5081.0000 Square Feet
  • Net Operating Income: 17100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 3300.00
  • Rent Control: Yes
  • Total Expenses: 4465.00

Tax Info

  • New Taxes Expense: 2945.00
  • Tax Census Tract: 2293.00
  • Tax Lot: 27
  • Tax Tract Number: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Nov 2, 2020
Sold by
High Qualty Investments Llc
Bought by
Cebreros Narciso and Cebreros Maria L
Seller's Agent
Nicholas Wolfs
Sunset Pacific Real Estate Inc.
Buyer's Agent
Martha Villalva
Melroy Assett Management
List Price
$579,000
Sold Price
$525,000
Premium/Discount to List
-$54,000
-9.33%
Current Estimated Value
$691,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,356
Avg. Annual Appreciation
6.13%
Original Mortgage
$515,490
Outstanding Balance
$463,915
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$227,441

Purchase Details

Listed on
Aug 21, 2019
Closed on
Aug 29, 2019
Sold by
Machuca Victor
Bought by
High Quality Investments Llc
Seller's Agent
Nicholas Wolfs
Sunset Pacific Real Estate Inc.
Buyer's Agent
Nicholas Wolfs
Sunset Pacific Real Estate Inc.
List Price
$232,000
Sold Price
$320,000
Premium/Discount to List
$88,000
37.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.05%
Original Mortgage
$256,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2001
Sold by
Machuca Garania
Bought by
Machuca Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.92%

Purchase Details

Closed on
May 28, 1997
Sold by
Rodriguez Santiago and Rodriguez Elva
Bought by
Machuca Victor and Machuca Gerania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,300
Interest Rate
7.93%
Mortgage Type
Seller Take Back
Source: Public Records

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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 $525,000 Provident Title
Grant Deed $320,000 Provident Title Company
Interfamily Deed Transfer -- American Title Co
Grant Deed $154,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,490 FHA
Previous Owner $256,000 Commercial
Previous Owner $23,705 Future Advance Clause Open End Mortgage
Previous Owner $251,000 Fannie Mae Freddie Mac
Previous Owner $20,000 Credit Line Revolving
Previous Owner $164,720 Unknown
Previous Owner $142,000 No Value Available
Previous Owner $143,189 Stand Alone First
Previous Owner $16,300 Seller Take Back
Closed $21,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $525,000 +5.2% $282 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
09/04/2020 09/04/20 Price Changed $499,000 -13.8% $268 / Sq Ft
08/13/2020 08/13/20 For Sale $579,000 0.0% $311 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $579,000 +80.9% $311 / Sq Ft
09/19/2019 09/19/19 Sold $320,000 +37.9% $172 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $232,000 -- $124 / 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
2024 $7,065 $557,133 $334,280 $222,853
2023 $6,932 $546,210 $327,726 $218,484
2022 $6,616 $535,500 $321,300 $214,200
2021 $6,530 $525,000 $315,000 $210,000
2020 $11,512 $320,000 $300,000 $20,000
2019 $2,946 $220,417 $91,599 $128,818
2018 $2,858 $216,096 $89,803 $126,293
2016 $2,717 $207,707 $86,317 $121,390
2015 $2,681 $204,588 $85,021 $119,567
2014 $2,709 $200,581 $83,356 $117,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20133221

California Regional Multiple Listing Service (CRMLS)

APN: 5109-005-029