NOT LISTED FOR SALE

Estimated Value: $597,000 - $754,000

1 Bed
1 Bath
488 Sq Ft
$1,442/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $395,000 $809 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,125/month

79 Days on Market

Highlights

  • No Interior Steps
  • Carpet
  • Heating Available
  • Bungalow

About This Home

As of December 2012

Cash flow with great tenants paying $2,400 monthly. Two detached homes and a detached 2-car garage on a large lot! All remodeled: new paint outside & inside; new carpet; brand new kitchens; mocha cabinets, granite countertops & new appliances. Front home has living room/dining room/kitchen/one bedroom/kitchen & full bath. Second home has 3 bedrooms/living room/dining room/full bath/kitchen/3 bedrooms & huge covered porch. Detached garage is located between the 2 units and could be assigned to either one. This is the only duplex for sale south of Warner--incredible location and potential.

Last Agent to Sell the Property

Ben Tate

Compass License #01871507 Listed on: 08/30/2012

Compass

Co-Listed By

Sarah Tate

Compass License #01882269

Last Buyer's Agent

Emerita Jimenez-Ramirez

D'Zac Realty License #01149511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,724

Home Design

  • Bungalow
  • Shingle Roof
  • Stucco

Parking

  • 2 Parking Spaces
  • Two Garage Doors

Additional Features

  • Carpet
  • No Interior Steps
  • 6,724 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 4 / 8
  • Tax Tract Number 39
  • Assessor Parcel Number 01608411

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.86
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 01608411
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Electric

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6724.00
  • Lot Size Acres: 0.1540

Multi Family

  • Gross Multiplier: 14.58
  • Gross Scheduled Income: 28800.00
  • Lot Size Area: 6724.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 11003
  • Tax Block: 8
  • Tax Lot: 4
  • Tax Tract Number: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2012
Closed on
Nov 26, 2012
Sold by
Robles Jose
Bought by
Aguirre Maria
Seller's Agent
Ben Tate
Compass
Buyer's Agent
Emerita Jimenez-Ramirez
D'Zac Realty
List Price
$420,000
Sold Price
$395,000
Premium/Discount to List
-$25,000
-5.95%
Current Estimated Value
$703,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,875
Avg. Annual Appreciation
4.50%
Original Mortgage
$296,000
Outstanding Balance
$204,983
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$498,892

Purchase Details

Listed on
Mar 24, 2012
Closed on
Apr 11, 2012
Sold by
Pdq Trust #536
Bought by
Tally Dave and Tally Lisa
Seller's Agent
Julie Skordas
Harcourts Prime Properties
Buyer's Agent
Ben Tate
Compass
List Price
$335,000
Sold Price
$336,000
Premium/Discount to List
$1,000
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.17%
Original Mortgage
$252,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2011
Sold by
Rayo Ascencion
Bought by
Adams Trust #536

Purchase Details

Closed on
Feb 1, 2009
Sold by
Rayo Ascencion
Bought by
Vargas Jesus and Rayo Ascencion

Purchase Details

Closed on
Oct 12, 2006
Sold by
Rayo Filiberto
Bought by
Rayo Ascencion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
6.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 1, 2006
Sold by
Rayo Joaquin
Bought by
Rayo Ascencion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
9.58%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 27, 2006
Sold by
Rayo Joaquin
Bought by
Rayo Filiberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
9.58%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 12, 2004
Sold by
Rayo Reyna
Bought by
Rayo Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
Sold by
Saldana Concepcion and Saldana Rojelia
Bought by
Rayo Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Aguirre Maria -- First American Title Company
Aguirre Julian $395,000 First American Title Company
Tally Dave $336,000 First American Title Company
Adams Trust #536 $227,000 None Available
Vargas Jesus -- Alliance Title
Rayo Ascencion -- Financial Title
Rayo Ascencion -- Stewart Title Of Ca Inc
Rayo Ascencion -- Stewart Title Of Ca Inc
Rayo Filiberto -- Alliance Title Company
Rayo Joaquin -- First American Title Co
Rayo Joaquin $520,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguirre Julian $296,000
Previous Owner Tally Dave $252,000
Previous Owner Rayo Ascencion $102,750
Previous Owner Rayo Ascencion $612,000
Previous Owner Rayo Joaquin $416,000
Closed Rayo Joaquin $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2012 12/07/12 Sold $395,000 -6.0% $809 / Sq Ft
11/17/2012 11/17/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $420,000 +25.0% $861 / Sq Ft
05/11/2012 05/11/12 Sold $336,000 +0.3% $689 / Sq Ft View Prior Sale
04/03/2012 04/03/12 Pending -- -- --
03/24/2012 03/24/12 For Sale $335,000 -- $686 / 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 $5,767 $486,407 $410,498 $75,909
2024 $5,767 $476,870 $402,449 $74,421
2023 $5,622 $467,520 $394,558 $72,962
2022 $5,560 $458,353 $386,821 $71,532
2021 $5,430 $449,366 $379,236 $70,130
2020 $5,439 $444,759 $375,348 $69,411
2019 $5,333 $436,039 $367,989 $68,050
2018 $5,131 $427,490 $360,774 $66,716
2017 $5,086 $419,108 $353,700 $65,408
2016 $4,985 $410,891 $346,765 $64,126
2015 $4,921 $404,720 $341,557 $63,163
2014 $4,834 $396,793 $334,867 $61,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S710344

California Regional Multiple Listing Service (CRMLS)

APN: 016-084-11