$790,000
SOLD APR 18, 2018

5355 Delong St Cypress, CA 90630

4 Beds
3 Baths
1,776 Sq Ft
8,107 Sq Ft Lot

Recently Sold

$445 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • Primary Bedroom Suite
  • Recessed Lighting
  • Tile Flooring
  • Clara J. King Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Arnold Cypress Park

About This Home

As of April 2020

Rare Cypress Investment Opportunity: This property includes 2 homes – each with their own Private Garage. Each Garage includes a private Laundry area for their unit. Great location in a quiet neighborhood next to the Park.
The Main Unit includes: 2 Bedrooms and 2 Baths. Spacious Living Room with Recessed Lighting and Formal Dining Area. The Large Kitchen offers Updated Counter Tops and Cabinets; Recessed Lighting; Ceiling Fan; and Separate Daily Dining Area. The Expanded Master Suite includes an Extra Office Space and Ceiling Fan. The Upgraded Master Bath has Newer Cabinets and Countertops; Soaking Tub and Separate Shower with Upgraded Glass Door. The Spacious Secondary Bedrooms include Ceiling Fans and Recessed Lighting. The Main Bath has also been updated. This home has Central Heating and Air Conditioning; and includes an Attractively Landscaped Wraparound Yard with Private Patio.
The Second Unit includes: 2 Bedrooms and 1 Bath. Spacious Living Room with Ceiling Fan. Large Kitchen with Updated Cabinets, Ceiling Fan, and Daily Dining Area. Private Yard and Patio area.

Last Agent to Sell the Property

Cary Hairabedian

RE/MAX College Park Realty License #00876519 Listed on: 03/14/2018

RE/MAX College Park Realty

Last Buyer's Agent

Cary Hairabedian

RE/MAX College Park Realty License #00876519 Listed on: 03/14/2018

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,902

Year Built

  • Built in 1953

Lot Details

  • 8,107 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 602
  • Assessor Parcel Number 26240103

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $300
  • Water Sewer Expense $480
  • New Taxes Expense $8,400
  • Operating Expense $9,980
  • Gross Income $4,000
  • Net Operating Income $39,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,902

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 480.00
  • Property Type: Residential Income
  • Parcel Number: 26240103
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 444.82
  • Room Type: Kitchen, Master Suite

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 8107.00

Multi Family

  • Gross Income: 4000.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 800.00
  • Net Operating Income: 39220.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Operating Expense: 9980.00
  • Rent Control: No
  • Total Expenses: 9980.00

Tax Info

  • New Taxes Expense: 8400.00
  • Tax Census Tract: 1101.02
  • Tax Lot: 8
  • Tax Tract Number: 602

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2021
Sold by
Coleman Niki Lolis and Butler Thomas John
Bought by
Coleman Niki Lolis and Butler Thomas John
Current Estimated Value
$995,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,913
Outstanding Balance
$594,591
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$454,887

Purchase Details

Listed on
Feb 14, 2020
Closed on
Feb 27, 2020
Sold by
Jc Goldenrarn Llc
Bought by
Coleman Niki Lofts
Seller's Agent
Cary Hairabedian
RE/MAX College Park Realty
Buyer's Agent
Niki Coleman
Niki L. Coleman, Broker
List Price
$890,000
Sold Price
$890,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$667,500
Interest Rate
2.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2018
Closed on
Mar 19, 2018
Sold by
Mackay Kenneth L and Mackay Claudia J
Bought by
Jc Goldenrain Llc
Seller's Agent
Cary Hairabedian
RE/MAX College Park Realty
Buyer's Agent
Cary Hairabedian
RE/MAX College Park Realty
Sold Price
$2,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Apr 13, 2005
Sold by
Mackay Kenneth L and Mackay Claudia J
Bought by
Mackay Kenneth L and Mackay Claudia J

Purchase Details

Closed on
Mar 19, 2003
Sold by
Mackay Kenneth and Mackay Claudia Jean
Bought by
Mackay Kenneth and Mackay Claudia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2000
Sold by
Gordon Mackay F and Gordon Kenneth Mackay
Bought by
Mackay Kenneth and Mackay Claudia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1996
Sold by
Gordon Mackay F
Bought by
Mackay F Gordon F

Purchase Details

Closed on
Jan 23, 1996
Sold by
Mackay F Gordon F
Bought by
Mackay F Gordon F
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 Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Grant Deed $890,000 Wfg National Title
Grant Deed $790,000 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- California Counties Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Gift Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $649,913 New Conventional
Closed $667,500 New Conventional
Closed $667,500 New Conventional
Previous Owner $12,000 Stand Alone Second
Previous Owner $57,000 Purchase Money Mortgage
Previous Owner $105,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2020 04/06/20 Sold $890,000 0.0% $501 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $890,000 0.0% $501 / Sq Ft
05/03/2018 05/03/18 Rented $2,400 0.0% --
04/18/2018 04/18/18 Sold $790,000 0.0% $445 / Sq Ft
04/10/2018 04/10/18 Off Market $2,400 -- --
04/06/2018 04/06/18 For Rent $2,400 0.0% --
04/06/2018 04/06/18 Off Market $2,400 -- --
03/19/2018 03/19/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $800,000 -- $450 / 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 $10,902 $954,258 $816,520 $137,738
2023 $8,910 $935,548 $800,510 $135,038
2022 $8,895 $917,204 $784,813 $132,391
2021 $8,774 $899,220 $769,424 $129,796
2020 $8,016 $821,916 $691,730 $130,186
2019 $9,333 $805,800 $678,166 $127,634
2018 $3,182 $250,998 $124,520 $126,478
2017 $3,078 $246,077 $122,078 $123,999
2016 $3,050 $241,252 $119,684 $121,568
2015 $3,024 $237,629 $117,887 $119,742
2014 $2,872 $232,975 $115,578 $117,397
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18058989

California Regional Multiple Listing Service (CRMLS)

APN: 262-401-03