NOT LISTED FOR SALE

Estimated Value: $597,000 - $802,000

6 Beds
3 Baths
1,705 Sq Ft
$439/Sq Ft Est. Value

Sale Details

Date Sold: July 20, 2018

Last sale price $520,000 $305 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,709 / mo

69 Days on Market

About This Home

As of July 2018

This is amazing opportunity to own this triplex that generate a solid income for an investor. All units are 2 bedroom and 1 bath; front and the back unit have recently been extensively renovated with new kitchens, bathrooms, flooring, dual pane windows, wall heaters, interior doors and a fresh coat of paint. The property is well maintained by the owner making this property a great purchase. Tenant occupied so please do not disturb the tenants.

Last Agent to Sell the Property

Pavan Maddi

Real Estate Mechanics License #01834530 Listed on: 04/23/2018

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 40x135
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,705 Sq Ft Home
  • Property Attached
  • Raised Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 84
  • Tax Tract Number 1977
  • Assessor Parcel Number 6042004050

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $420
  • Water Sewer Expense $2,412
  • New Taxes Expense $6,670
  • Operating Expense $10,902
  • Gross Income $48,570
  • Net Operating Income $37,668

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

5,400 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.73
  • Property Attached: Yes
  • Subdivision Name Other: Avalon Gardens
  • Water Sewer Expenses: 2412.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6042004050
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 304.99

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 40x135
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240
  • Latitude Manual: 33.95894600

Multi Family

  • Gross Income: 48570.00
  • Gross Multiplier: 11.50
  • Gross Scheduled Income: 48570.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5400.0000 Square Feet
  • Maintenance Expense: 420.00
  • Net Operating Income: 37668.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10902.00
  • Rent Control: Yes
  • Total Expenses: 10902.00

Tax Info

  • New Taxes Expense: 6670.00
  • Tax Area: 461
  • Tax Census Tract: 2400.10
  • Tax Lot: 84
  • Tax Rate: 1.19
  • Tax Tract Number: 1977
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2018
Closed on
Jul 16, 2018
Sold by
Vanvanle Son Van
Bought by
Nguyen Long Thi
Seller's Agent
Pavan Maddi
Real Estate Mechanics
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%
Current Estimated Value
$747,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,684
Avg. Annual Appreciation
4.76%

Purchase Details

Listed on
Apr 23, 2018
Closed on
Jul 10, 2018
Sold by
612 E 87Th Associates Llc
Bought by
Nguyen Long Thi and Nguyen Trung Thanh
Seller's Agent
Pavan Maddi
Real Estate Mechanics
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Olson Thomas S
Bought by
612 E 87Th Associates Llc

Purchase Details

Closed on
Dec 7, 2016
Sold by
Gutierrez Santiago
Bought by
Olson Thomas S and Olson Doreen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2005
Sold by
Gutierrez Santiago
Bought by
Gutierrez Santiago

Purchase Details

Closed on
Sep 19, 2001
Sold by
Gutierrez Aurora
Bought by
Gutierrez Santiago A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.99%

Purchase Details

Closed on
Aug 6, 2001
Sold by
Hud
Bought by
Gutierrez Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.99%

Purchase Details

Closed on
May 14, 2001
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 6, 2000
Sold by
Arias Mario and Arias Ricardo
Bought by
Fleet Mtg Corp and Fleet Real Estate Funding Corp

Purchase Details

Closed on
Jan 5, 2000
Sold by
Arias Mario and Arias Ricardo
Bought by
Acosta Leonardo

Purchase Details

Closed on
Oct 12, 1999
Sold by
Carrasco Hipolito
Bought by
Arias Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,078
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 1999
Sold by
Ctx Mtg Company
Bought by
Carrasco Hipolito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,078
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1998
Sold by
Vargas Stephanie
Bought by
Ctx Mtg Company

Purchase Details

Closed on
May 14, 1997
Sold by
Cyprus Kip C
Bought by
Vargas Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,350
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 1997
Sold by
Ge Capital Mtg Services Inc
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
7.46%

Purchase Details

Closed on
Dec 27, 1996
Sold by
Cyprus Amy L
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
7.46%

Purchase Details

Closed on
May 17, 1996
Sold by
Herrera Francisca and Texas Commerce Bank Na
Bought by
Texas Commerce Bank Na

Purchase Details

Closed on
Jan 19, 1996
Sold by
Herrera Francisca
Bought by
Nataren Sebastian
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Nguyen Long Thi -- Pacific Coast Title
Nguyen Long Thi $520,000 Pacific Coast Title
612 E 87Th Associates Llc -- Old Republic Title
Olson Thomas S $388,000 Old Republic Title Company
Gutierrez Santiago -- --
Gutierrez Santiago A -- Stewart Title
Gutierrez Santiago $155,000 Stewart Title
Hud $250,783 --
Fleet Mtg Corp $250,783 Fidelity Title
Acosta Leonardo -- --
Arias Mario $235,000 Old Republic Title
Carrasco Hipolito $140,000 Fidelity Title
Ctx Mtg Company $224,175 United Title Company
Vargas Stephanie $218,000 Southland Title Corporation
Cyprus Kip C $95,000 Stewart Title
Ge Capital Mtg Services Inc -- Stewart Title
Cyprus Kip C -- Stewart Title
Texas Commerce Bank Na $96,420 First Southwestern Title Co
Nataren Sebastian -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Olson Thomas S $291,000
Previous Owner Gutierrez Santiago $124,000
Previous Owner Arias Mario $233,078
Previous Owner Carrasco Hipolito $139,070
Previous Owner Vargas Stephanie $210,350
Previous Owner Cyprus Kip C $108,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $520,000 -2.8% $305 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $535,000 0.0% $314 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $535,000 0.0% $314 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/14/2018 05/14/18 Price Changed $535,000 -4.3% $314 / Sq Ft
04/23/2018 04/23/18 For Sale $559,000 -- $328 / 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 $7,938 $602,707 $365,350 $237,357
2024 $7,825 $590,890 $358,187 $232,703
2023 $7,679 $579,305 $351,164 $228,141
2022 $7,090 $546,611 $294,329 $252,282
2021 $6,999 $535,894 $288,558 $247,336
2020 $7,063 $530,400 $285,600 $244,800
2019 $6,795 $520,000 $280,000 $240,000
2018 $5,331 $395,760 $255,000 $140,760
2016 $2,856 $193,418 $116,052 $77,366
2015 $2,813 $190,513 $114,309 $76,204
2014 $2,832 $186,782 $112,070 $74,712
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18092509

California Regional Multiple Listing Service (CRMLS)

APN: 6042-004-050

Your Personal Tour Guide

Ask me questions while you tour the home.