NOT LISTED FOR SALE

Estimated Value: $1,221,000 - $1,509,000

4 Beds
2 Baths
2,257 Sq Ft
$593/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $740,000 $328 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $7,927/month

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • Wood Flooring
  • Horace Mann Elementary School Rated A-
  • Dual Staircase
  • Spanish Architecture

About This Home

As of July 2015

THIS IS A TWO UNIT INCOME PROPERTY! Each unit has its own separate entrance. Both units are in good condition. Upstairs unit has 2 bedrooms & 1 full bathroom which is currently tenant occupied with month to month agreement. Downstairs unit has 2 bedrooms & 1 full bathroom. Each unit has its own laundry hook ups, separate kitchen and a formal dining and living room. Spanish style high ceilings, French windows. Nice cozy back yard with fruit trees. Two detached garages as well as minimum of 4 car spaces on the property. Close to schools, markets and Americana shopping center.

Last Agent to Sell the Property

Peter Sarkissian

No Firm Affiliation License #01972079 Listed on: 06/15/2015

Last Buyer's Agent

Peter Sarkissian

No Firm Affiliation License #01972079 Listed on: 06/15/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,605

Year Built

  • Built in 1937

Lot Details

  • 5,209 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Front Yard Sprinklers
  • Lawn
  • Garden

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available

Home Design

  • Spanish Architecture
  • Shingle Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,257 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • High Ceiling
  • Wood Frame Window
  • Living Room
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Water Line To Refrigerator
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Window Bars
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Assessor Parcel Number 5675005008

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $1,000
  • Water Sewer Expense $1,200
  • Gross Income $3,600
  • Net Operating Income $38,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,605

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Microwave, gas stove
  • Property Attached: No
  • Security: Fire and Smoke Detection System, Window Bars
  • Water Sewer Expenses: 1200.00
  • Zoning: R4
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5675005008
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, Granite Counters, High Ceilings, Open Floorplan, Copper Plumbing Partial, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 327.87
  • Room Type: All Bedrooms Down, Living Room, Walk-In Closet
  • Window Features: Wood Frames

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Garden, Lawn, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 5209.00
  • Price Per Lot Square Foot: 134.19
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5209.0000 Square Feet
  • Net Operating Income: 38300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 4900.00
  • Rent Control: No
  • Total Actual Rent: 3600.00

Tax Info

  • Tax Lot: 11
  • Tax Rate: 2.19
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2015
Closed on
Jul 14, 2015
Sold by
Karapetyan Azatui
Bought by
Karasimonyan Petros and Karasimonyan Karine
Seller's Agent
Peter Sarkissian
No Firm Affiliation
Buyer's Agent
Peter Sarkissian
No Firm Affiliation
List Price
$699,000
Sold Price
$740,000
Premium/Discount to List
$41,000
5.87%
Current Estimated Value
$1,337,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$597,714
Avg. Annual Appreciation
6.25%
Original Mortgage
$702,577
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2001
Sold by
Sauer Robert L and Sauer Diane
Bought by
Karapetyan Azatui

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
7.26%
Source: Public Records

Range of Values:

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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
Karasimonyan Petros $740,000 Progressive
Karapetyan Azatui $305,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karasimonyan Petros $80,000
Open Karasimonyan Petros $667,000
Closed Karasimonyan Petros $79,000
Closed Karasimonyan Petros $674,500
Closed Karasimonyan Petros $702,577
Previous Owner Karapetyan Azatui $291,200
Previous Owner Karapetyan Azatui $135,200
Previous Owner Karapetyan Azatui $76,000
Previous Owner Karapetyan Azatui $300,000
Previous Owner Karapetyan Azatui $289,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $740,000 +5.9% $328 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $699,000 -- $310 / 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 $9,605 $876,004 $520,868 $355,136
2024 $9,605 $858,828 $510,655 $348,173
2023 $9,388 $841,990 $500,643 $341,347
2022 $9,224 $825,481 $490,827 $334,654
2021 $9,062 $809,296 $481,203 $328,093
2019 $8,715 $785,293 $466,931 $318,362
2018 $8,550 $769,896 $457,776 $312,120
2016 $8,153 $740,000 $440,000 $300,000
2015 $4,180 $374,894 $368,753 $6,141
2014 -- $367,551 $361,530 $6,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15131665

California Regional Multiple Listing Service (CRMLS)

APN: 5675-005-008