NOT LISTED FOR SALE

Estimated Value: $752,000 - $875,000

4 Beds
2 Baths
1,728 Sq Ft
$461/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $440,000 $255 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,765/month

11 Days on Market

About This Home

As of September 2016

STANDARD SALE! Updated duplex with great curb appeal. Each unit is a spacious 2 bedroom 1 bathroom. Both units include new interior and exterior paint, new front entry doors, new duel pane windows, beautiful refinished hardwood flooring throughout and scraped ceilings with lighting package including all new lighting fixtures. Remodeled kitchens in both units with new vinyl flooring, new simi-custom cabinets and granite countertop with new stainless steel under mount sink and faucet. The bathroom in both units have been updated with new tile flooring, new vanities and new bathtubs surrounded by custom tiled shower areas. Each unit has its own washer and dry hookups, new hot water heaters and separate gas and electric meters. Large back yard with access for plenty of off street parking. Too much to list, a true must see, close to transportation and shopping. Perfect property to add to the portfolio or live in one and rent the other.

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 08/12/2016

Last Buyer's Agent

Luis Flores

The Real Estate Solution License #01379309

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,222

Year Built

  • Built in 1924

Lot Details

  • 6,331 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Private Yard

Home Design

  • 1,728 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Listing and Financial Details

  • Tax Lot 698
  • Tax Tract Number 2325
  • Assessor Parcel Number 5005023011

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $200
  • Water Sewer Expense $900
  • New Taxes Expense $5,375
  • Gross Income $2,800
  • Net Operating Income $26,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,222

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 900.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5005023011
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 254.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Off Street, Street

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6331.00
  • Price Per Lot Square Foot: 69.48

Multi Family

  • Average2 Bed Area: 864
  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 800.00
  • Net Operating Income: 26325.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7275.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5375.00
  • Tax Lot: 698
  • Tax Tract Number: 2325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2022
Sold by
Luz Chavez Dora and Luz Alberto Jose
Bought by
Chavez Jose Alberto and Chavez Dora Luz
Current Estimated Value
$796,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$407,157
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$370,173

Purchase Details

Listed on
Aug 12, 2016
Closed on
Aug 23, 2016
Sold by
Lalani Nazmudin Madatali
Bought by
Chavez Dora Luz and Chavez Jose Alberto
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Luis Flores
The Real Estate Solution
List Price
$429,900
Sold Price
$440,000
Premium/Discount to List
$10,100
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$432,030
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2015
Sold by
Lalani Nazmudin
Bought by
Lalani Nazmudin Madatali and Nazmudin Madatali Lalani Revocable Trust

Purchase Details

Closed on
Dec 4, 2015
Sold by
Ojomo Anthony
Bought by
Lalani Nazmudin and Vairo John

Purchase Details

Closed on
May 25, 2006
Sold by
Alabideen Grace
Bought by
The Grace Alabideen Childrens Trust

Purchase Details

Closed on
Aug 16, 2005
Sold by
Alabideen Grace
Bought by
Alabideen Grace A and The Lifon Revocable Living Trust

Purchase Details

Closed on
Aug 31, 2001
Sold by
Capital Quickcom Inc
Bought by
Ojomo Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.4%

Purchase Details

Closed on
Dec 7, 2000
Sold by
Dedios Mario
Bought by
Capitalquick Com Inc

Purchase Details

Closed on
Mar 21, 2000
Sold by
Us Bank National Assn
Bought by
Dedios Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,750
Interest Rate
8.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 12, 2000
Sold by
Oliver Marsha M
Bought by
New Century Home Equity Loan Tr Series 1
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
Chavez Jose Alberto -- Stewart Title Company
Chavez Dora Luz $440,000 Lawyers Title
Vairo John R -- Lawyers Title Company
Lalani Nazmudin Madatali -- Lawyers Title
Lalani Nazmudin $284,011 Lawyers Title
The Grace Alabideen Childrens Trust -- None Available
Alabideen Grace A -- --
Ojomo Anthony $200,000 American Title Co
Capitalquick Com Inc $136,000 American Title
Dedios Mario $116,000 Stewart Title
New Century Home Equity Loan Tr Series 1 $150,929 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Jose Alberto $435,000
Previous Owner Chavez Dora Luz $432,030
Previous Owner Ojomo Anthony $227,050
Previous Owner Ojomo Anthony $160,000
Previous Owner Dedios Mario $19,750
Previous Owner Dedios Mario $136,000
Previous Owner Oliver Marsha White $108,000
Closed Ojomo Anthony $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2016 09/23/16 Sold $440,000 0.0% $255 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/19/2016 08/19/16 Price Changed $439,900 +2.3% $255 / Sq Ft
08/12/2016 08/12/16 For Sale $429,900 -- $249 / 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 $6,222 $510,651 $313,355 $197,296
2024 $6,222 $500,639 $307,211 $193,428
2023 $6,107 $490,824 $301,188 $189,636
2022 $5,830 $481,201 $295,283 $185,918
2021 $5,749 $471,767 $289,494 $182,273
2019 $5,578 $457,776 $280,908 $176,868
2018 $5,522 $448,800 $275,400 $173,400
2016 $5,039 $405,000 $245,000 $160,000
2015 $3,143 $245,827 $159,789 $86,038
2014 $3,168 $241,012 $156,659 $84,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16178166

California Regional Multiple Listing Service (CRMLS)

APN: 5005-023-011