NOT LISTED FOR SALE

Estimated Value: $773,000 - $1,154,000

2 Beds
2 Baths
1,170 Sq Ft
$846/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $550,000 $470 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,365/month

160 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • No HOA
  • Mark Twain Elementary School Rated A-
  • Wood Flooring
  • Two Homes on a Lot

About This Home

As of April 2016

Wonderful Opportunity to own "2" Units in "THE VILLAGE". Located in the Heart of the Residential Neighborhood and next door to the Local Shops and Restaurants. Great Income Producing Units- Tenants are both Long Term. Front Unit has Refinished Dark Wood Floors, Large Retro-Kitchen with Eating Area. Front Living Room looks out to Front Yard and also has a side door to Side Yard/Patio- Great for BBQ's and Pets ! Rear Unit Recently Remodeled with Modern Paint Colors, Refinished Dark Wood Floors, Checkered Floor Art-Deco Kitchen and Large Closets and Storage thru-out ! Side door to Private/Fenced Rear Yard- Wonderful Outdoor Living Space for Entertaining ! New Main Sewer Line and Updated Electrical too ! Double Detached Garage with Newer Door and Remotes. Tenants Love the Convenience of walking next door to the Laundrymat too !

Last Agent to Sell the Property

Clare Corcoran

Re/Max R. E. Specialists License #01014966 Listed on: 10/01/2015

Re/Max R. E. Specialists

Last Buyer's Agent

Lily Mehrez

Vylla Home, Inc. License #01965549

Vylla Home, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 5,590 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,170 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Storage
  • Wood Flooring
  • City Lights Views

Kitchen

  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas, HVAC maintenance, repairs, trash collection
  • Legal Lot and Block 007 / E
  • Tax Tract Number 11425
  • Assessor Parcel Number 7183010012

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Built by Lkwd.Village
  • Village Duplex

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $240
  • Water Sewer Expense $700
  • New Taxes Expense $7,873
  • Operating Expense $10,013
  • Gross Income $2,275
  • Net Operating Income $8

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Kitchen Gas Stoves.
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lakewood Village (LKVL)
  • View: Yes
  • Water Sewer Expenses: 700.00
  • Zoning: R-2
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 7183010012
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Storage, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 470.09
  • Room Type: Living Room

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Other Structures: Two On A Lot
  • View: City Lights
  • Fencing: Wood
  • Builder Name: Lkwd.Village
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener, Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, 2-5 Units/Acre, Front Yard
  • Lot Size: Irregular
  • Lot Size Sq Ft: 5590.00
  • Price Per Lot Square Foot: 98.39
  • Lot Size Acres: 0.1280

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, HVAC Maintenance, Repairs, Trash Collection

Multi Family

  • Average1 Bed Area: 600
  • Gross Income: 2275.00
  • Gross Scheduled Income: 27300.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5590.0000 Square Feet
  • Net Operating Income: 8.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 120.00
  • Other Income Description: Garage Rental - $100 month
  • Rent Control: No
  • Total Actual Rent: 2275.00
  • Total Expenses: 10013.00

Tax Info

  • New Taxes Expense: 7873.00
  • Tax Area: LA
  • Tax Block: E
  • Taxes Percent: 1.25
  • Tax Lot: 007
  • Tax Rate: 1.25
  • Tax Tract Number: 11425
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2020
Sold by
Brownlee James R D and Preshaw Samantha M
Bought by
Lin Daniel and Duong Amy
Current Estimated Value
$881,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$453,828
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$535,801

Purchase Details

Closed on
Mar 28, 2018
Sold by
Hill Arlete B and Arlete B Hill Revocable Trust
Bought by
Brownlee James R D and Preshaw Samantha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,930
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2016
Sold by
Hill Arlete B
Bought by
Hill Arlete B and Arlete B Hill Revocable Trust

Purchase Details

Listed on
Oct 1, 2015
Closed on
Mar 11, 2016
Sold by
Pruter Andrew Brian and Pruter Joyce Pamela A
Bought by
Hill Arlete B
Seller's Agent
Clare Corcoran
Re/Max R. E. Specialists
Buyer's Agent
Lily Mehrez
Vylla Home, Inc.
List Price
$629,900
Sold Price
$550,000
Premium/Discount to List
-$79,900
-12.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$412,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2008
Sold by
Vandandaigue Lora J
Bought by
Vandandaigue Lora J and Lora J Vandandaigue Trust

Purchase Details

Closed on
Apr 7, 2003
Sold by
Devine Audrey Sundin and The Audrey Devine Trust
Bought by
Pruter Andrew Brian and Pascual Joyce Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 1999
Sold by
Kauffman Clifton
Bought by
Kauffman Clifton and Devine Audrey Sundin

Purchase Details

Closed on
May 31, 1996
Sold by
Devine Audrey Sundin and Sundin Audrey Devine
Bought by
Devine Audrey Sundin and Audrey Devine Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lin Daniel $685,000 Lawyers Title Company
Brownlee James R D $630,000 Ticor Title
Hill Arlete B -- None Available
Hill Arlete B $550,000 First American Title Company
Vandandaigue Lora J -- None Available
Pruter Andrew Brian $359,000 Natc
Kauffman Clifton -- Orange Coast Title
Devine Audrey Sundin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Daniel $510,000
Previous Owner Brownlee James R D $440,930
Previous Owner Hill Arlete B $412,500
Previous Owner Pruter Andrew Brian $287,200
Closed Pruter Andrew Brian $53,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $550,000 -12.7% $470 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
10/01/2015 10/01/15 For Sale $629,900 -- $538 / 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 $9,484 $741,465 $541,216 $200,249
2024 $9,484 $726,927 $530,604 $196,323
2023 $9,326 $712,674 $520,200 $192,474
2022 $8,750 $698,700 $510,000 $188,700
2021 $8,581 $685,000 $500,000 $185,000
2020 $8,286 $655,347 $468,180 $187,167
2019 $8,189 $642,498 $459,000 $183,498
2018 $7,236 $572,220 $364,140 $208,080
2016 $5,204 $431,165 $237,802 $193,363
2015 $4,995 $424,689 $234,230 $190,459
2014 $4,962 $416,371 $229,642 $186,729
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15215529

California Regional Multiple Listing Service (CRMLS)

APN: 7183-010-012