NOT LISTED FOR SALE

Estimated Value: $817,000 - $1,008,000

4 Beds
3 Baths
1,737 Sq Ft
$522/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $645,000 $371 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,583/month

34 Days on Market

Highlights

  • Fireplace in Bathroom
  • Private Yard
  • Living Room
  • Main Floor Bedroom
  • 3 Car Direct Access Garage
  • Laundry Room

About This Home

As of August 2020

Great location and huge rental potential on this triplex. The front unit is a ground level 3 bedroom, 1 bathroom home with 1 car direct access garage and private fenced in front yard. This unit has a full sized living room, fireplace, large kitchen with dining area and all on a single level with no one above. The upper 1 bedroom, 1 full bathroom unit is in very good condition. It sits above a 2 car garage and separate storage. This unit has a large living room, full kitchen and walk in pantry area and small dining area. The back unit is a single studio with a full bathroom and side kitchenette. The 3rd unit studio provides a bathroom with walk in shower and separate kitchenette area. All 3 units are individual structures. The property has 2 sets of meters, one for the front unit and 1 for both back units. Large lot allows plenty of space for all occupants. The property is well situated and close to neighborhood shops and easy freeway access.

Last Agent to Sell the Property

Robert Van Der Goes

Seven Gables Real Estate License #01413282 Listed on: 06/02/2020

Seven Gables Real Estate

Last Buyer's Agent

Robert Van Der Goes

Seven Gables Real Estate License #01413282 Listed on: 06/02/2020

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,990

Year Built

  • Built in 1932

Lot Details

  • 7,541 Sq Ft Lot
  • No Common Walls
  • Wire Fence
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway Level
  • Assigned Parking

Home Design

  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Clay Roof

Interior Spaces

  • 1,737 Sq Ft Home
  • Gas Fireplace
  • Window Screens
  • Family Room with Fireplace
  • Living Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms
  • Fireplace in Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Storage

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 97
  • Tax Tract Number 6614
  • Assessor Parcel Number 8174022051

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $480
  • Fuel Expense $160
  • Insurance Expense $1,000
  • New Taxes Expense $3,642
  • Operating Expense $5,282
  • Gross Income $36,880
  • Net Operating Income $36,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,990

Year Built

Built in 1932

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LCR2*
  • Property Type: Residential Income
  • Parcel Number: 8174022051
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Bath, Family Room, Kitchen, Gas
  • Price Per Square Foot: 371.33
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Average Condition, Wire
  • Pool Private: No
  • Roof: Clay, Flat, Rolled/Hot Mop
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Concrete, Driveway Level, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Yard
  • Lot Size Sq Ft: 7541.00
  • Lot Size Acres: 0.1731

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average1 Bed Area: 565 Square Feet
  • Average3 Bed Area: 950 Square Feet
  • Average Studio Area: 225 Square Feet
  • Electric Expense: 480.00
  • Fuel Expense: 160.00
  • Gross Income: 36880.00
  • Gross Scheduled Income: 37380.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7541.0000 Square Feet
  • Net Operating Income: 36880.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 500.00
  • Other Income Description: Pro froma GSI est. $4550
  • Rent Control: No
  • Total Actual Rent: 3115.00
  • Total Expenses: 5282.00

Tax Info

  • New Taxes Expense: 3642.00
  • Tax Census Tract: 5010.01
  • Tax Lot: 97
  • Tax Tract Number: 6614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 16, 2020
Sold by
Happ John E and Happ Darlene S
Bought by
Ruiz Karina
Seller's Agent
Robert Van Der Goes
Seven Gables Real Estate
Buyer's Agent
Robert Van Der Goes
Seven Gables Real Estate
List Price
$645,000
Sold Price
$645,000
Current Estimated Value
$907,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,259
Avg. Annual Appreciation
6.62%
Original Mortgage
$633,317
Outstanding Balance
$562,027
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$329,126

Purchase Details

Closed on
Sep 7, 2017
Sold by
Happ John E and Happ Darlene S
Bought by
Happ John E and Happ Darlene S

Purchase Details

Closed on
Jul 10, 2001
Sold by
Washington Trust
Bought by
Happ John E and Happ Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.15%

Purchase Details

Closed on
Jul 18, 1996
Sold by
Happ John E and Happ Darlene S
Bought by
Washington Trust
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
Ruiz Karina $645,000 First American Title Company
Happ John E -- None Available
Happ John E -- Fidelity Title
Washington Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Karina $633,317
Previous Owner Happ John E $366,400
Previous Owner Happ John E $360,000
Previous Owner Happ John E $115,000
Previous Owner Happ John E $100,000
Previous Owner Happ John E $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $645,000 0.0% $371 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $645,000 -- $371 / 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 $8,990 $698,167 $514,154 $184,013
2024 $8,990 $684,478 $504,073 $180,405
2023 $8,574 $671,058 $494,190 $176,868
2022 $8,404 $657,900 $484,500 $173,400
2021 $8,235 $645,000 $475,000 $170,000
2020 $3,677 $238,199 $100,248 $137,951
2019 $3,642 $233,530 $98,283 $135,247
2018 $3,512 $228,952 $96,356 $132,596
2017 $3,433 $224,464 $94,467 $129,997
2016 $3,368 $220,064 $92,615 $127,449
2015 $3,302 $216,759 $91,224 $125,535
2014 $3,266 $212,514 $89,438 $123,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20105401

California Regional Multiple Listing Service (CRMLS)

APN: 8174-022-051