NOT LISTED FOR SALE

Estimated Value: $985,000 - $1,203,535

3 Beds
2 Baths
1,664 Sq Ft
$660/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $592,000 $356 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,715/month

81 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Back and Front Yard
  • 3-minute walk to Harvard Mini Park
  • Herbert Hoover High School Rated A-

About This Home

As of August 2016

BOM! Previously sold with multiple bids! Run, don't walk!! Fix and Save! 2 houses on 1 lot! Front house features 1 bedroom, 1 bathroom, 1-car garage, big private back yard with low rent!! The owner occupied back house features 2 bedrooms, 1 bathroom, unfinished 2-car garage!!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 07/05/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,603

Year Built

  • Built in 1918

Lot Details

  • 6,270 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • 1,664 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 5695016010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $3,600
  • New Taxes Expense $8,750
  • Gross Income $3,990
  • Net Operating Income $33,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,603

Year Built

Built in 1918

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.53
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 5695016010
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 355.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Paved
  • Lot Size Sq Ft: 6270.00
  • Price Per Lot Square Foot: 94.42

Multi Family

  • Gross Income: 3990.00
  • Gross Multiplier: 12.74
  • Gross Scheduled Income: 47880.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 33730.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14150.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8750.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2020
Sold by
Vardanyan Serob
Bought by
Vardanyan Estates Llc
Current Estimated Value
$1,097,884

Purchase Details

Closed on
Jun 10, 2020
Sold by
Vardanyan Serob
Bought by
Vardanyan Serob and Vardanyan Serob Separate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2019
Sold by
Vardanyan Serob
Bought by
Prope Vardanyan Serob and Serob Vardanyan Separate Property Trust

Purchase Details

Closed on
Apr 25, 2019
Sold by
Keshishyan Adelina
Bought by
Vardanyan Serob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2017
Sold by
Vardanyan Serob
Bought by
Vardanyan Serob and Keshishyan Adelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2016
Closed on
Aug 12, 2016
Sold by
Roth Elizabeth Luz
Bought by
Vardanyan Serob
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$679,976
Sold Price
$592,000
Premium/Discount to List
-$87,976
-12.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$384,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2005
Sold by
Roth Benjamin
Bought by
Roth Elizabeth Luz

Purchase Details

Closed on
Dec 2, 2004
Sold by
Sukiasyan Jakop
Bought by
Roth Benjamin and Roth Elizabeth Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,920
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2003
Sold by
Derohanessians Alfred and Babaloyan Nelly L
Bought by
Sukiasyan Jakop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.37%

Purchase Details

Closed on
Dec 29, 1997
Sold by
Derohanessians Trust Derohanessians Alfred Tr
Bought by
Derohanessians Alfred and Alfred Derohanessians Living T
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vardanyan Estates Llc -- None Available
Vardanyan Serob -- North American Title Co
Vardanyan Serob -- North American Title Co
Prope Vardanyan Serob -- None Available
Vardanyan Serob -- Equity Title Company
Vardanyan Serob -- Equity Title Company
Vardanyan Serob $592,000 Fidelity National Title Co
Roth Elizabeth Luz -- --
Roth Benjamin $539,900 Lawyers Title
Sukiasyan Jakop $310,000 Gateway Title Company
Derohanessians Alfred -- Gateway Title Company
Derohanessians Alfred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vardanyan Serob $661,500
Previous Owner Vardanyan Serob $650,000
Previous Owner Vardanyan Serob $595,000
Previous Owner Vardanyan Serob $384,000
Previous Owner Roth Benjamin $431,920
Previous Owner Sukiasyan Jakop $412,250
Previous Owner Sukiasyan Jakop $248,000
Previous Owner Derohanessians Alfred $100,000
Closed Sukiasyan Jakop $46,500
Closed Roth Benjamin $53,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $592,000 -2.9% $356 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/28/2016 07/28/16 Price Changed $609,906 -10.3% $367 / Sq Ft
07/05/2016 07/05/16 Price Changed $679,976 0.0% $409 / Sq Ft
07/05/2016 07/05/16 For Sale $679,976 -2.9% $409 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $699,996 -- $421 / 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 $7,603 $673,590 $455,130 $218,460
2023 $7,433 $660,383 $446,206 $214,177
2022 $7,303 $647,435 $437,457 $209,978
2021 $7,177 $634,741 $428,880 $205,861
2020 $7,075 $628,234 $424,483 $203,751
2019 $6,905 $615,916 $416,160 $199,756
2018 $6,717 $603,840 $408,000 $195,840
2016 $6,929 $635,724 $572,143 $63,581
2015 $6,787 $626,175 $563,549 $62,626
2014 $6,732 $613,910 $552,510 $61,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16103939

California Regional Multiple Listing Service (CRMLS)

APN: 5695-016-010