R
Seller's Agent in 2014
Ray Kottapalli
Positive Realty & Investments
(562) 659-4518
25 Total Sales
625 W Broadway St Needles, CA 92363
Estimated Value: $620,928
1
Bed
1
Bath
9,076
Sq Ft
$68/Sq Ft
Est. Value
Highlights
- Private Pool
- Contemporary Architecture
- Laundry Room
- 0.34 Acre Lot
- No HOA
- Central Heating
About This Home
As of January 2014Well maintained apartment building. Ideal for a owner -investor. This 25 unit complex represents an excellent opportunity for an investor to acquire a unique, stable property with substantial upside in rents and laundry income. The building was recently rehabbed. The rehab consisted of gutting the building and replacing everything from the carpet and paint, to the electrical equipment and plumbing. The building currently has copper plumbing and copper wiring, and new toilets have been installed. In addition, the parking lot has been resurfaced and there are new concrete decks, new signage, and new TV cable hookups. Each apartment is a fully furnished efficiency unit that includes linens and a microwave oven. The current owner has taken great pride in providing a clean, well-maintained property. Needles is rich with history. The Mojave Indians lived in the valley long before settlers arrived, and descendents of the Mojave Indians still reside in the area. Needles is also famous for resting along the original Route 66. Many of the original buildings and businesses still exist in the "old downtown" area of the City. Travelers will immediately get sense of the historical feel to Needles when visiting the area.
Interior
Last Agent to Sell the Property
Positive Realty & Investments License #00978654 Listed on: 12/27/2013
Last Buyer's Agent
Positive Realty & Investments License #00978654 Listed on: 12/27/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951 | Remodeled
Lot Details
- 15,000 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is 16-20 Units/Acre
Home Design
- Contemporary Architecture
- Property Attached
- Slab Foundation
- Common Roof
Interior Spaces
- 1 Bathroom
- 9,076 Sq Ft Home
- Carpet
- Built-In Range
- Laundry Room
Parking
- 25 Parking Spaces
- Parking Available
- Unassigned Parking
Outdoor Features
- Private Pool
- Exterior Lighting
Utilities
- Central Heating
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 112
- Assessor Parcel Number 0186112210000
Community Details
Overview
- No Home Owners Association
- 25 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 23, 2018
Sold by
Gogineni Vinaya K and Veeravalli Tara D
Bought by
Riverstone Hospatility Llc
Current Estimated Value
Purchase Details
Listed on
Dec 27, 2013
Closed on
Jan 28, 2014
Sold by
Doraiswamy Mohan
Bought by
Gogineni Vinaya K and Veeravalli Tara D
Seller's Agent
Ray Kottapalli
Positive Realty & Investments
Buyer's Agent
Ray Kottapalli
Positive Realty & Investments
List Price
$450,000
Sold Price
$450,000
Purchase Details
Closed on
Mar 28, 2006
Sold by
Mohan Devika
Bought by
Doraiswamy Mohan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 6, 2006
Sold by
Mailloux Marilyn M and Mailloux Bret
Bought by
Doraiswamy Mohan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2004
Sold by
Miller Helen R
Bought by
Mailloux Bret
Purchase Details
Closed on
Feb 25, 2004
Sold by
Miller Helen R
Bought by
Mailloux Marilyn M and Miller Helen R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 13, 2004
Sold by
Mailloux Marilyn M
Bought by
Miller Helen R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 3, 2001
Sold by
Miller Robert D
Bought by
Mailloux Marilyn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.87%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 2, 2001
Sold by
Miller Robert D
Bought by
Mailloux Marilyn M and Miller Helen R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.87%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 10, 2001
Sold by
Sangani Sanjay R
Bought by
Miller Robert D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.87%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 2, 1998
Sold by
Dudas Istvan and Dudas Faye E
Bought by
Sangani Sanjay R
Purchase Details
Closed on
Sep 25, 1997
Sold by
Gallagher Patrick E and Dudas Istvan
Bought by
Dudas Istvan and Dudas Faye E
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Riverstone Hospatility Llc | -- | None Available | |
| Gogineni Vinaya K | $200,000 | The Nations Title Co Of Ca | |
| Doraiswamy Mohan | -- | Investors Title Company | |
| Doraiswamy Mohan | $875,000 | Investors Title Company | |
| Mailloux Bret | -- | -- | |
| Mailloux Marilyn M | -- | -- | |
| Miller Helen R | -- | Commonwealth Land Title Co | |
| Mailloux Marilyn M | -- | -- | |
| Mailloux Marilyn M | -- | -- | |
| Miller Robert D | $60,000 | Chicago Title Co | |
| Sangani Sanjay R | $40,000 | First American Title Ins Co | |
| Dudas Istvan | $190,308 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Doraiswamy Mohan | $656,000 | |
| Previous Owner | Miller Helen R | $300,000 | |
| Previous Owner | Miller Robert D | $55,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2014 01/31/14 | Sold | $450,000 | 0.0% | $50 / Sq Ft |
| 12/27/2013 12/27/13 | For Sale | $450,000 | -- | $50 / Sq Ft |
| 12/20/2013 12/20/13 | Pending | -- | -- | -- |
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 | $4,961 | $447,586 | $83,664 | $363,922 |
| 2024 | $4,886 | $438,810 | $82,024 | $356,786 |
| 2023 | $5,558 | $430,206 | $80,416 | $349,790 |
| 2022 | $5,443 | $421,770 | $78,839 | $342,931 |
| 2021 | $5,375 | $413,500 | $77,293 | $336,207 |
| 2020 | $5,355 | $409,260 | $76,500 | $332,760 |
| 2019 | $4,242 | $274,731 | $49,452 | $225,279 |
| 2018 | $3,733 | $269,344 | $48,482 | $220,862 |
| 2017 | $3,630 | $264,062 | $47,531 | $216,531 |
| 2016 | $3,253 | $258,884 | $46,599 | $212,285 |
| 2015 | $3,317 | $254,995 | $45,899 | $209,096 |
| 2014 | $5,913 | $495,000 | $35,000 | $460,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ray Kottapalli
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW13252933
APN: 0186-112-21
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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