$710,000
SOLD FEB 14, 2025
4 Beds
4 Baths
2,352 Sq Ft
5,460 Sq Ft Lot

Recently Sold

$302 Per Sq Ft

14% Below List Price

91 Days on Market

Highlights

  • Gated Parking
  • Laundry Facilities
  • 1-Story Property
  • Traditional Architecture

About This Home

As of February 2025

This property is a well-maintained multi-unit, featuring two spacious 4-unit buildings, each consisting of 1-bedroom, 1-bathroom apartments. With eight total units, this income-generating property is in excellent condition, boasting clean interiors, quality appliances, and energy-efficient features. Each unit offers an open-concept living area with ample natural light, a fully equipped kitchen, and a comfortable bedroom with plenty of closet space. The property includes well-kept common areas, on-site parking, and landscaped surroundings. Ideal for investors looking for a turnkey property with low maintenance and strong rental potential. Please note that 553 & 557 W Imperial HWY are being sold together.

Last Agent to Sell the Property

Peter Divito

The Agency License #01940016 Listed on: 09/14/2024

The Agency

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,352 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gated Parking

Additional Features

  • 5,460 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 6075-026-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: This property is a well-maintained multi-unit, featuring two spacious 4-unit buildings, each consisting of 1-bedroom, 1-bathroom apartments. With eight total units, this income-generating property is in excellent condition, boasting clean interiors, quality appliances, and energy-efficient features. Each unit offers an open-concept living area with ample natural light, a fully equipped kitchen, and a comfortable bedroom with plenty of closet space. The property includes well-kept common areas, on-site parking, and landscaped surroundings. Ideal for investors looking for a turnkey property with low maintenance and strong rental potential. Please note that 553 & 557 W Imperial HWY are being sold together.
  • Living Area: 2352
  • Lot Acreage: 0.1253
  • Stories: 1
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 318.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 65.97
  • Assessed Improvement Value: 36021
  • Assessed Land Percent: 34.03
  • Assessed Land Value: 18581
  • Total Assessed Value: 54602
  • Assessor Parcel Number: 6075-026-024
  • Lot Size Area: 5460

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.91
  • Number Of Units: 4
  • Type Of Units: 1bed 1bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Dec 18, 2024
Sold by
Jones Regenia M
Bought by
4Jla Llc
Seller's Agent
Peter Divito
The Agency
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$825,000
Sold Price
$710,000
Premium/Discount to List
-$115,000
-13.94%
Views
20
Current Estimated Value
$710,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201
Avg. Annual Appreciation
0.03%
Original Mortgage
$532,500
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2023
Sold by
Leroyal A Jones And Elsie M Jones Family
Bought by
Jones Regenia M

Purchase Details

Closed on
Jan 6, 2016
Sold by
Jones Leroyala A
Bought by
Jones Leroyal A and The Leroyal A Jones & Elsie M Jones Fami

Purchase Details

Closed on
Jun 11, 2010
Sold by
Jones Leroyal A
Bought by
Jones Leroyal A and Jones Elsie M

Purchase Details

Closed on
Apr 1, 1999
Sold by
Jones Leroyal A
Bought by
Jones Elsie M and Jones Leroyal A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Grant Deed $710,000 Fidelity National Title
Gift Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $532,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $710,000 -5.3% $302 / Sq Ft
12/14/2024 12/14/24 Pending -- -- --
11/12/2024 11/12/24 Price Changed $750,000 -9.1% $319 / Sq Ft
09/14/2024 09/14/24 For Sale $825,000 -- $351 / Sq Ft
Source: The MLS

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 $6,741 $530,400 $306,000 $224,400
2024 $6,741 $520,000 $300,000 $220,000
2023 $1,161 $54,602 $18,581 $36,021
2022 $1,128 $53,532 $18,217 $35,315
2021 $1,101 $52,483 $17,860 $34,623
2019 $1,079 $50,928 $17,331 $33,597
2018 $984 $49,931 $16,992 $32,939
2016 $924 $47,994 $16,333 $31,661
2015 $916 $47,274 $16,088 $31,186
2014 $949 $46,349 $15,773 $30,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-439646

The MLS

APN: 6075-026-024