NOT LISTED FOR SALE

Estimated Value: $1,755,000 - $2,446,000

7 Beds
6 Baths
3,647 Sq Ft
$594/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $2,120,000 $581 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $13,255/month

37 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • East Facing Home
  • Wall Furnace
  • Laundry Room

About This Home

As of July 2022

Property is a beautifully landscaped and remodeled 4 units which includes a 3 unit building plus a recently built one bedroom ADU.(Additional Dwelling Unit). It features a 3 bedroom 2.5 bathroom remodeled main house with a fire place, as well as completely remodeled 2 bedroom and two 1 bedroom units. Each unit has its own washer and dryer (with an exception of one unit which has a washer only). All Plumbing and all water heaters have been completely renovated and the ADU has a brand new tank-less water heater. All kitchens have also been remodeled and most have granite counter tops with spacious and newer cabinets. The exterior of the property has also been recently painted.

Last Agent to Sell the Property

Elizabeth Manasserian

Boardwalk Properties & Investm Listed on: 04/02/2022

Last Buyer's Agent

Paul Jacob

Jacob & Jacob Realty and Finan License #01898191

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • 8,526 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home

Home Design

  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,647 Sq Ft Home
  • Living Room with Fireplace
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5675009010

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $27,450
  • Gross Income $106,280
  • Net Operating Income $78,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1908 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.81
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5675009010
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 581.30

Exterior Features

  • Direction Faces: East
  • Roof: Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Parking Space

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s), Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8526.00
  • Lot Size Acres: 0.1957

Multi Family

  • Gross Operating Income: 106280.00
  • Lot Size Area: 8526.0000 Square Feet
  • Net Operating Income: 78830.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Operating Expense Percent: 25.00
  • Total Actual Rent: 106380.00
  • Total Expenses: 27450.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2023
Sold by
Bakhchyan Luiza
Bought by
L Bakhchyan Living Trust and Bakhchyan
Current Estimated Value
$2,167,154

Purchase Details

Listed on
Apr 2, 2022
Closed on
Jun 2, 2022
Sold by
Adik Ismaelian
Bought by
Bakhchyan Luiza
Seller's Agent
Elizabeth Manasserian
Boardwalk Properties & Investm
Buyer's Agent
Paul Jacob
Jacob & Jacob Realty and Finan
List Price
$2,200,000
Sold Price
$2,120,000
Premium/Discount to List
-$80,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%
Original Mortgage
$1,502,475
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2022
Sold by
Khosrovian Edik
Bought by
Isamelian Adik

Purchase Details

Listed on
Jul 7, 2016
Closed on
Nov 10, 2016
Sold by
Lopez Efrain F
Bought by
Khosrovian Menooa
Seller's Agent
Luis Alvarez
Coldwell Banker Hallmark
Buyer's Agent
Elizabeth Manasserian
Boardwalk Properties & Investm
List Price
$1,195,000
Sold Price
$1,089,000
Premium/Discount to List
-$106,000
-8.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$871,200
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2009
Sold by
Us Bank National Association
Bought by
Lopez Efrain A and Lopez Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,803
Interest Rate
4.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2008
Sold by
Rivera Rosa
Bought by
Us Bank Na and Citigroup Mortgage Loan Trust 2007-Amc2

Purchase Details

Closed on
Nov 22, 2002
Sold by
Arevalo Jorge
Bought by
Rivera Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.95%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Ohanes Shaki D
Bought by
Rivera Rosa and Arevalo Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,607
Interest Rate
7.86%

Purchase Details

Closed on
Jan 23, 1996
Sold by
Ayranjian Gabriel
Bought by
Ohanes Shaki D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,682
Interest Rate
7.25%
Mortgage Type
Seller Take Back
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
L Bakhchyan Living Trust -- None Listed On Document
Bakhchyan Luiza $2,120,000 Lawyers Title
Isamelian Adik -- Accommodation/Courtesy Recordi
Khosrovian Menooa $1,089,000 North American Title Company
Lopez Efrain A $525,000 Pacific Coast Title Company
Us Bank Na $781,999 None Available
Rivera Rosa -- --
Rivera Rosa $295,000 --
Ohanes Shaki D -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bakhchyan Luiza $1,502,475
Previous Owner Khosrovian Menooa $871,200
Previous Owner Lopez Efrain A $549,803
Previous Owner Rivera Rosa $318,000
Previous Owner Rivera Rosa $291,607
Previous Owner Ohanes Shaki D $220,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2022 07/05/22 Sold $2,120,000 -3.6% $581 / Sq Ft
06/22/2022 06/22/22 Price Changed $2,200,000 0.0% $603 / Sq Ft
06/22/2022 06/22/22 For Sale $2,200,000 0.0% $603 / Sq Ft
05/19/2022 05/19/22 For Sale $2,200,000 0.0% $603 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
05/05/2022 05/05/22 Price Changed $2,200,000 +6.3% $603 / Sq Ft
04/02/2022 04/02/22 For Sale $2,070,000 +90.1% $568 / Sq Ft
11/16/2016 11/16/16 Sold $1,089,000 -8.9% $354 / Sq Ft View Prior Sale
10/17/2016 10/17/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $1,195,000 -- $388 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,875 $2,205,648 $1,664,640 $541,008
2024 $23,875 $2,162,400 $1,632,000 $530,400
2023 $23,328 $2,120,000 $1,600,000 $520,000
2022 $13,302 $1,190,978 $656,186 $534,792
2021 $13,070 $1,167,626 $643,320 $524,306
2019 $12,571 $1,132,995 $624,240 $508,755
2018 $12,344 $1,110,780 $612,000 $498,780
2016 $6,418 $572,461 $343,477 $228,984
2015 $6,289 $563,863 $338,318 $225,545
2014 $6,251 $552,818 $331,691 $221,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320009949

California Regional Multiple Listing Service (CRMLS)

APN: 5675-009-010