NOT LISTED FOR SALE

602 Cedarglen Dr Azusa, CA 91702

Estimated Value: $994,000 - $1,107,000

4 Beds
4 Baths
2,591 Sq Ft
$410/Sq Ft Est. Value

Last Sold January 12, 2017

Last sale price $650,000 $251 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,572/month

15 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4 Attached Carport Spaces
  • Lawn

About This Home

As of January 2017

Great investment opportunity near Azusa Pacific University. Fully occupied fourplex with strong rental income. Each unit has a living room, dining room, full kitchen, one bedroom and bath. The unit downstairs was just remodeled with fresh paint, new laminate wood floor, new granite counter-top, new kitchen cabinet, new appliances and an updated bathroom. Each unit has its own covered carport space. Gas and electricity are separately metered and paid by tenants. Close to University, shopping and restaurants. 5.56% Actual CAP rate based on real income and expenses. Don't miss this great opportunity!!! Please do not disturb tenants.

Last Agent to Sell the Property

Jennifer Puglisi

RE/MAX CHAMPIONS License #01320797 Listed on: 11/16/2016

RE/MAX CHAMPIONS

Last Buyer's Agent

Jennifer Puglisi

RE/MAX CHAMPIONS License #01320797 Listed on: 11/16/2016

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,442

Year Built

  • Built in 1963

Lot Details

  • 6,012 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Sprinkler System
  • Lawn
  • Front Yard

Home Design

  • 2,591 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 27346
  • Assessor Parcel Number 8612001031

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $500
  • Gardener Expense $1,080
  • Insurance Expense $978
  • Trash Expense $500
  • Water Sewer Expense $347
  • New Taxes Expense $5,552
  • Gross Income $45,900
  • Net Operating Income $36,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,442

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: DIRECT
  • Other Phone Number: 6262522770
  • Property Attached: No
  • Water Sewer Expenses: 347.00
  • Zoning: AZR3C1200*
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8612001031
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 250.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 6012.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 45900.00
  • Gross Scheduled Income: 45900.00
  • Insurance Expense: 978.00
  • Net Operating Income: 36108.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9792.00
  • Rent Control: No
  • Total Actual Rent: 3825.00

Tax Info

  • New Taxes Expense: 5552.00
  • Tax Census Tract: 4042.01
  • Tax Lot: 22
  • Tax Tract Number: 27346

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2016
Closed on
Dec 22, 2016
Sold by
W & F Evergreen Llc
Bought by
Thompson Bradford D and Thompson Dana J
Seller's Agent
Jennifer Puglisi
RE/MAX CHAMPIONS
Buyer's Agent
Jennifer Puglisi
RE/MAX CHAMPIONS
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$1,061,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,647
Avg. Annual Appreciation
5.89%
Original Mortgage
$487,500
Outstanding Balance
$402,267
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$662,223

Purchase Details

Listed on
Mar 9, 2013
Closed on
Mar 27, 2013
Sold by
Zubillaga Pedro O
Bought by
W & F Evergreen Llc and Gainspot Inc Retirement Plan Trust
Seller's Agent
JULIE FUMERO
RE/MAX CHAMPIONS
Buyer's Agent
Lina Chu
REALTY PRODIGY
List Price
$395,000
Sold Price
$420,000
Premium/Discount to List
$25,000
6.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%

Purchase Details

Closed on
Sep 30, 1996
Sold by
Zubillaga Fernando
Bought by
Zubillaga Pedro O

Purchase Details

Closed on
Feb 5, 1996
Sold by
Zubillaga Fernando
Bought by
Zubillaga Pedro O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.95%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Thompson Bradford D $650,000 Title 365
W & F Evergreen Llc $412,000 Title 365
Zubillaga Pedro O -- --
Zubillaga Pedro O -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Bradford D $487,500
Previous Owner Zubillaga Pedro O $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $650,000 0.0% $251 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $650,000 +54.8% $251 / Sq Ft
04/25/2013 04/25/13 Sold $420,000 +6.3% $162 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
03/09/2013 03/09/13 For Sale $395,000 -- $152 / 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 $9,442 $754,376 $301,749 $452,627
2024 $9,442 $739,585 $295,833 $443,752
2023 $9,168 $725,084 $290,033 $435,051
2022 $9,056 $710,868 $284,347 $426,521
2021 $8,826 $696,930 $278,772 $418,158
2019 $8,535 $676,260 $270,504 $405,756
2018 $8,192 $663,000 $265,200 $397,800
2016 $5,622 $436,897 $312,070 $124,827
2015 $5,552 $430,335 $307,383 $122,952
2014 $5,213 $421,906 $301,362 $120,544
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16748560

California Regional Multiple Listing Service (CRMLS)

APN: 8612-001-031