NOT LISTED FOR SALE

Estimated Value: $901,000 - $1,298,000

7 Beds
5 Baths
2,401 Sq Ft
$451/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $828,000 $345 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,612/month

4 Days on Market

Highlights

  • Creek or Stream View
  • No HOA
  • Laundry Room
  • Sierra Vista Elementary School Rated 9+
  • Cooling System Mounted To A Wall/Window
  • Bungalow

About This Home

As of September 2020

Incredible *Income* Opportunity with this charming, extremely well-kept investment property. The front building has 3 tenant-occupied units. The top unit has 2brm 1 bath and the two lower units are studios. Rental contracts are in place and set for 1 year. The Home in the rear of the property has a welcoming front porch overlooking the small courtyard There are 2 bedrooms and 2 baths plus a bonus office/den/room off of the kitchen. Beautiful paint throughout the home and in the well-kept rental units as well. The rear home will be available upon close of escrow to make your own or add another tenant. The beautiful courtyard sets between the two buildings with vibrant plant life throughout. The property also has many producing fruit trees! There is a long driveway with ample parking in the rear. There is also a single car garage that has been upgraded, along with a covered patio and out door laundry. This home is fun, peaceful, well-loved and an incredible value!!!

Last Agent to Sell the Property

CHRISTINE VAN HYNING

EXP REALTY OF CALIFORNIA INC License #01789486 Listed on: 08/04/2020

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

CHRISTINE VAN HYNING

EXP REALTY OF CALIFORNIA INC License #01789486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,051

Year Built

  • Built in 1966

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Block Wall Fence

Parking

  • 1 Car Garage
  • Carport
  • Parking Available

Property Views

  • Creek or Stream
  • Courtyard

Home Design

  • Quadruplex
  • Bungalow
  • Split Level Home
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,401 Sq Ft Home
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Cooling
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 39
  • Tax Tract Number 3898
  • Assessor Parcel Number 5309017027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $180
  • Insurance Expense $70
  • Trash Expense $30
  • Water Sewer Expense $280
  • New Taxes Expense $308
  • Operating Expense $898
  • Gross Income $3,005
  • Net Operating Income $4,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,051

Year Built

Built in 1966

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 280.00
  • Architectural Style: Bungalow
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5309017027
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One, Two, Multi/Split
  • Price Per Square Foot: 344.86

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter, Slab
  • Exterior Features: Rain Gutters
  • View: Courtyard, Creek/Stream
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 30.00
  • Water Source: Public
  • Cooling: Zoned, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 3005.00
  • Gross Scheduled Income: 5200.00
  • Insurance Expense: 70.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 4710.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 490.00
  • Other Income Description: Income for 3 units rented
  • Rent Control: No
  • Total Expenses: 898.00

Tax Info

  • New Taxes Expense: 308.00
  • Tax Lot: 39
  • Tax Tract Number: 3898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Aug 11, 2020
Sold by
Desantiago Gilberto and Marchena Graciela
Bought by
Chi Theodore S and Kang Cindy M
Seller's Agent
CHRISTINE VAN HYNING
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
CHRISTINE VAN HYNING
EXP REALTY OF CALIFORNIA INC
List Price
$799,000
Sold Price
$828,000
Premium/Discount to List
$29,000
3.63%
Current Estimated Value
$1,081,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,923
Avg. Annual Appreciation
5.29%
Original Mortgage
$621,000
Outstanding Balance
$549,630
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$532,293

Purchase Details

Closed on
Feb 11, 2005
Sold by
Desantiago Gilberto
Bought by
Desantiago Gilberto and Marchena Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 1999
Sold by
Diaz Rachel
Bought by
Ho Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,332
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1999
Sold by
Marchene Graciela
Bought by
Desantiago Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,332
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 1999
Sold by
Ho Stanley S and Ho Chau Y
Bought by
Desantiago Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,332
Interest Rate
7.95%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Chi Theodore S $828,000 Lawyers Title
Desantiago Gilberto -- First American Title Company
Ho Robert -- Orange Coast Title
Ho Peter -- Orange Coast Title
Ho David -- Orange Coast Title
Desantiago Gilberto -- Orange Coast Title
Desantiago Gilberto $204,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chi Theodore S $621,000
Previous Owner Desantiago Gilberto $255,000
Previous Owner Desantiago Gilberto $202,332
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $828,000 +3.6% $345 / Sq Ft
08/04/2020 08/04/20 For Sale $799,000 -- $333 / 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 $11,051 $896,252 $649,458 $246,794
2024 $11,051 $878,679 $636,724 $241,955
2023 $10,841 $861,451 $624,240 $237,211
2022 $10,346 $844,560 $612,000 $232,560
2021 $10,215 $828,000 $600,000 $228,000
2020 $3,841 $286,676 $161,609 $125,067
2019 $3,703 $281,056 $158,441 $122,615
2018 $3,567 $275,546 $155,335 $120,211
2016 $3,388 $264,848 $149,304 $115,544
2015 $3,341 $260,871 $147,062 $113,809
2014 $3,358 $255,762 $144,182 $111,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20155070

California Regional Multiple Listing Service (CRMLS)

APN: 5309-017-027