NOT LISTED FOR SALE

Estimated Value: $1,146,000 - $1,227,000

7 Beds
6 Baths
2,630 Sq Ft
$451/Sq Ft Est. Value

Last Sold January 03, 2025

Last sale price $1,185,000 $451 Per Sq Ft

Current estimated payment $7,255/month

13 Days on Market

Highlights

  • 0.12 Acre Lot
  • Ceiling Fan
  • 4-minute walk to Cesar E Chavez Park
  • Air Conditioning

About This Home

As of January 2025

534 Maine Ave is a 4-unit building, originally built in 1924. This property comprises (3) spacious 2-bedroom units, each approximately 725 square feet, and (1) 1-bedroom unit at 460 square feet. One of the 2-bedroom units are currently vacant offering opportunity for a owner-user. Additionally, there is a 30% potential rental upside, providing an excellent opportunity for income growth with market adjustments. The property has been meticulously maintained and upgraded, reducing the need for substantial capital expenditures. The owner has undertaken significant improvements, including modern renovations to all units, creating a fresh, move-in-ready atmosphere. Updated landscaping enhances the curb appeal and ensures low-maintenance upkeep for future ownership. Each unit is individually metered, the owner covers water and sewer costs, while tenants are responsible for gas, trash, and electricity. This is a perfect fit for an investor or owner-user looking for a turnkey, well-located property with major capital improvements already completed, offering immediate cash flow and future upside potential.

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 11/12/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Padilla

Lyon Stahl Investment Real Estate, Inc. License #01993341

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,015 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Split Level Home

Interior Spaces

  • 2,630 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7278-020-048

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

5,015 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2630
  • Lot Acreage: 0.1151
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Cable, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 475.29

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 311687
  • Assessed Land Percent: 70
  • Assessed Land Value: 727273
  • Total Assessed Value: 1038960
  • Assessor Parcel Number: 7278-020-048
  • Lot Size Area: 5015

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.51
  • Number Of Units: 4
  • Type Of Units: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2024
Closed on
Dec 13, 2024
Sold by
Lakatos Alexandra
Bought by
Lakatos Paul
Seller's Agent
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Padilla
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,250,000
Sold Price
$1,185,000
Premium/Discount to List
-$65,000
-5.2%
Views
17
Current Estimated Value
$1,187,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,067
Avg. Annual Appreciation
0.15%
Original Mortgage
$888,750
Outstanding Balance
$877,826
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$309,241

Purchase Details

Listed on
Nov 12, 2024
Closed on
Nov 27, 2024
Sold by
540 Maine Trust and Wasatch Properties Llc
Bought by
Scott Cameron and Lakatos Paul
Seller's Agent
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Padilla
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,250,000
Sold Price
$1,185,000
Premium/Discount to List
-$65,000
-5.2%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,750
Outstanding Balance
$877,826
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$309,241

Purchase Details

Closed on
Apr 13, 2022
Sold by
Fairbanks Leslie H
Bought by
540 Maine Trust and Wasatch Properties Llc

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 16, 2018
Sold by
Lee Byron Jr William Thomas and Lee Byron Carol
Bought by
Fairbanks Leslie Hisako
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$950,000
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$788,053
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 18, 2016
Sold by
Byron William T
Bought by
The Byron Family Revocable Living Trust

Purchase Details

Closed on
Feb 5, 2013
Sold by
Byron Carol L
Bought by
Byron William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2013
Sold by
Shahid Jehan
Bought by
Byron William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2009
Sold by
Hebish Nady
Bought by
Shahid Jehan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 30, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Shahid Jehan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 29, 2008
Sold by
Brown Leonard
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jul 31, 2007
Sold by
Brown Leonard
Bought by
Rsquared Promotions Inc

Purchase Details

Closed on
Jun 22, 2007
Sold by
Brown Leonard
Bought by
Empire Enterprises

Purchase Details

Closed on
Nov 21, 2003
Sold by
Avila Domiciana
Bought by
Avila Gabino and Avila Eliverio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,850
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2003
Sold by
Avila Gabino and Avila Domiciana
Bought by
Avila Gabino and Avila Eliverio

Purchase Details

Closed on
Jan 26, 2001
Sold by
Fontana Joseph A and Fontana Pauline B
Bought by
Rebisz Jacek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,910
Interest Rate
7.11%

Purchase Details

Closed on
Feb 18, 1994
Sold by
Fontana Joseph A and Fontana Pauline B
Bought by
Fontana Joseph A and Fontana Pauline B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,528
Interest Rate
6.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Lakatos Paul -- Fidelity National Title
Scott Cameron -- Fidelity National Title
Scott Cameron $1,185,000 Fidelity National Title
540 Maine Trust -- Anderson Business Advisors Pll
Fairbanks Leslie Hisako -- Fidelity National Title Co
Fairbanks Leslie Hisako $950,000 Fidelity Sherman Oaks
The Byron Family Revocable Living Trust -- None Available
Byron William T -- None Available
Byron William T $555,000 Ortc
Shahid Jehan -- Ticor Title Tustin Orange Co
Shahid Jehan $312,500 Ticor Title Tustin Orange Co
Deutsche Bank National Trust Co $426,430 None Available
Rsquared Promotions Inc -- None Available
Empire Enterprises -- None Available
Avila Gabino -- First American Title Co
Avila Gabino -- First American Title Co
Rebisz Jacek $200,000 American Title
Fontana Joseph A -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakatos Paul $888,750
Previous Owner Fairbanks Leslie Hisako $788,053
Previous Owner Byron William T $416,250
Previous Owner Shahid Jehan $140,000
Previous Owner Avila Gabino $160,850
Previous Owner Rebisz Jacek $179,910
Previous Owner Fontana Joseph A $74,528
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2025 01/03/25 Sold $1,185,000 -5.2% $451 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $1,250,000 +31.6% $475 / Sq Ft
05/21/2018 05/21/18 Sold $950,000 0.0% $471 / Sq Ft View Prior Sale
05/16/2018 05/16/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $950,000 -- $471 / Sq Ft
Source: The MLS

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 $13,908 $1,080,932 $756,654 $324,278
2024 $13,908 $1,059,738 $741,818 $317,920
2023 $13,671 $1,038,960 $727,273 $311,687
2022 $12,832 $1,018,589 $713,013 $305,576
2021 $12,577 $998,618 $699,033 $299,585
2020 $12,546 $988,380 $691,866 $296,514
2019 $12,398 $969,000 $678,300 $290,700
2018 $7,844 $600,650 $422,079 $178,571
2016 $7,223 $577,328 $405,690 $171,638
2015 $6,938 $568,657 $399,597 $169,060
2014 $6,904 $557,519 $391,770 $165,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-462853

The MLS

APN: 7278-020-048

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