NOT LISTED FOR SALE

Estimated Value: $726,000 - $888,000

4 Beds
2 Baths
1,941 Sq Ft
$411/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $535,000 $276 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,820/month

147 Days on Market

About This Home

As of February 2020

Welcome to your ideal duplex property that can be used as your personal home or as a steady investment. Two houses sit on this lot, each with two bedrooms and one bathroom. The spacious homes are the perfect starter home or investment property. Located directly across the street from Harvard Park and Recreation center on a corner lot. Owner-user buying the property may relocate tenants. Check with attorney and rent control ordinance as this property is subject to it. Buyer to perform full due diligence. Seller may perform a 1031 Exchange at no cost to buyer. This property is subject to inspection. TENANT RELOCATION CREDIT OF $15,000 GIVEN TO BUYER AT CLOSE OF ESCROW.

Last Agent to Sell the Property

Robert Crawford

WE ARE REALTY INC License #01956587 Listed on: 09/03/2019

Co-Listed By

Roberto Perez

Superior Service License #01232098

Last Buyer's Agent

Carmen Torres

CRT Group Inc. License #01908268

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,233

Year Built

  • Built in 1927

Lot Details

  • 4,944 Sq Ft Lot

Home Design

  • Duplex
  • Clay Roof
  • Stucco

Interior Spaces

  • 1,941 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 6002-028-016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,233

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1941
  • Stories: 1
  • Year Built: 1927
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 275.63

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Clay

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 103555
  • Assessed Land Value: 243354
  • Assessor Parcel Number: 6002-028-016
  • Geocode Override: No
  • Lot Size Area: 4944

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.81
  • Number Of Units: 2
  • Rent Control: 100%
  • Total Annual Expense: 10455
  • Type Of Units: duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Jan 30, 2020
Sold by
Ramirez Luis and Ramirez Judith Ardon
Bought by
Hernandez Jose Luis and Franco Claudia
Seller's Agent
Robert Crawford
WE ARE REALTY INC
Buyer's Agent
Carmen Torres
CRT Group Inc.
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Current Estimated Value
$797,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,752
Avg. Annual Appreciation
7.31%
Original Mortgage
$517,144
Outstanding Balance
$450,163
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$347,589

Purchase Details

Listed on
Sep 26, 2014
Closed on
Nov 5, 2014
Sold by
Urban Street Properties Inc
Bought by
Ramirez Luis and Ramirez Judith Ardon
Seller's Agent
Robert Compean
Urban Street Ventures, Inc
Buyer's Agent
Roberto Perez
Superior Service
List Price
$365,000
Sold Price
$335,000
Premium/Discount to List
-$30,000
-8.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$251,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Urban Street Properties Inc

Purchase Details

Closed on
Jan 13, 2012
Sold by
Martin John
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 18, 2006
Sold by
Martin John
Bought by
Martin John P and Martin Joyce M

Purchase Details

Closed on
Sep 15, 2003
Sold by
Singleton Jessie and Ora Lee Parker Family Living T
Bought by
Martin John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2003
Sold by
Martin Joyce
Bought by
Martin John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 1997
Sold by
Parker Ora L
Bought by
The Ora Lee Parker Family Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hernandez Jose Luis $535,000 Lawyers Title Company
Ramirez Luis $335,000 Pacific Coast Title Company
Urban Street Properties Inc $189,000 Chicago Title
Deutsche Bank National Trust Company $218,250 Landsafe Title
Martin John P -- None Available
Martin John $230,000 Stewart Title Of Ca Inc
Martin John -- Stewart Title
The Ora Lee Parker Family Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Jose Luis $517,144
Previous Owner Ramirez Luis $251,250
Previous Owner Martin John $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2020 02/25/20 Sold $535,000 0.0% $276 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
11/11/2019 11/11/19 Price Changed $535,000 -2.7% $276 / Sq Ft
09/03/2019 09/03/19 For Sale $550,000 +64.2% $283 / Sq Ft
12/22/2014 12/22/14 Sold $335,000 -8.2% $173 / Sq Ft View Prior Sale
10/28/2014 10/28/14 Pending -- -- --
09/26/2014 09/26/14 For Sale $365,000 -- $188 / Sq Ft
Source: The MLS

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 $7,233 $585,097 $530,416 $54,681
2024 $7,233 $573,625 $520,016 $53,609
2023 $7,100 $562,378 $509,820 $52,558
2022 $6,779 $551,352 $499,824 $51,528
2021 $6,688 $540,542 $490,024 $50,518
2020 $4,751 $368,140 $258,248 $109,892
2019 $4,571 $360,923 $253,185 $107,738
2018 $4,481 $353,847 $248,221 $105,626
2016 $4,273 $340,108 $238,583 $101,525
2015 $4,213 $335,000 $235,000 $100,000
2014 $2,551 $189,858 $150,681 $39,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-506708

The MLS

APN: 6002-028-016