NOT LISTED FOR SALE

Estimated Value: $611,000 - $798,000

8 Beds
4 Baths
3,000 Sq Ft
$232/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2021

Last sale price $575,000 $192 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,309 / mo

Highlights

  • Fireplace in Bathroom
  • Cooling Available
  • 4 Attached Carport Spaces
  • No HOA
  • Tile Flooring
  • ENERGY STAR Qualified Equipment

About This Home

As of August 2021

*** A FANTASTIC OPPORTUNITY *** A GREAT INCOME INVESTMENT PROPERTY! This property includes FOUR 2-bedroom 1-bath units and all tenants have been there long-term. Each of the 4 units is very similar and includes a stove-top, oven, furnace, and air-conditioner. Three of the units are on the ground level and one unit is upstairs above the attached carport. In 2019, a new roof was installed and each of the units got a new roof-top air-conditioner as well. There is a covered attached carport for up to 4 cars, with some extra storage space for the tenants and plenty of other parking space on the property. Owner pays water, trash, taxes, property management and insurance. Tenants each pay for their own gas and electricity. Income, SF of each unit, and expense figures are estimated from seller and buyer is to verify all through due diligence. This property is professionally managed and maintained by a management company. The street has a great view of the mountains!

Last Agent to Sell the Property

Kristina Sanders

SimpliHOM License #02106110 Listed on: 06/09/2021

SimpliHOM

Last Buyer's Agent

Brett Sackett

Trillion Real Estate License #01195275

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Driveway

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • ENERGY STAR Qualified Equipment
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 19
  • Tax Tract Number 436
  • Assessor Parcel Number 437082003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,400
  • Other Expense $2,774
  • Professional Management Expense $3,240
  • Trash Expense $300
  • Water Sewer Expense $3,300
  • Operating Expense $11,374
  • Net Operating Income $29,126

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Professional Management Expense: 3240.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 437082003
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Fireplace Features: Bath, Kitchen
  • Levels: Two
  • Price Per Square Foot: 191.67

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, On Site
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Electric
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 360.00
  • Gross Scheduled Income: 40500.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 29126.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 2
  • Number With Range: 4
  • Operating Expense: 11374.00
  • Other Expense: 2774.00
  • Other Expense Description: Taxes
  • Rent Control: Yes
  • Total Actual Rent: 3375.00
  • Total Expenses: 11374.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 436.01
  • Tax Lot: 3
  • Tax Tract Number: 436.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2024
Sold by
Harris Shannon
Bought by
Harris Shannon Darlene Revocable Living Trust and Harris
Current Estimated Value
$696,350

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jun 21, 2021
Sold by
Ariker Greg
Bought by
Harris Shannon
Seller's Agent
Kristina Sanders
SimpliHOM
Buyer's Agent
Brett Sackett
Trillion Real Estate
List Price
$549,000
Sold Price
$575,000
Premium/Discount to List
$26,000
4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$431,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2009
Sold by
Motie Marjan
Bought by
Sarrafzadeh Majid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
5.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2009
Sold by
Sarrafzadeh Majid
Bought by
Anker Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
5.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2009
Sold by
Sarrafzadeh Majid and Motie Marjan
Bought by
Sarrafzadeh Majid

Purchase Details

Closed on
Jan 12, 2007
Sold by
Sarrafzadeh Majid and Motie Marjan
Bought by
Sarrafzadeh Majid and Motie Marjan

Purchase Details

Closed on
Apr 14, 2005
Sold by
Motie Marjan
Bought by
Sarrafzadeh Majid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.44%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 3, 2005
Sold by
Kiefer Thomas R and Meehan James W
Bought by
Sarrafzadeh Majid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.44%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 4, 2004
Sold by
Kiefer Thomas R and Meehan James W
Bought by
Kiefer Thomas R and Meehan James W

Purchase Details

Closed on
Mar 19, 2003
Sold by
Asanuma Katsusukepeter and Asanuma Karen E
Bought by
Kiefer Thomas R and Meehan James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2002
Sold by
Ahumada Alberto G
Bought by
Asanuma Katsusuke Peter and Asanuma Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2001
Sold by
Ahumada Sandra Magdalena
Bought by
Ahumada Alberto G

Purchase Details

Closed on
Aug 31, 1994
Sold by
Ahumada Alberto G and Ahumada Francisca
Bought by
Ahumada Sandra Magdalena
Source: Public Records

Range of Values:

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

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
Harris Shannon Darlene Revocable Living Trust -- None Listed On Document
Harris Shannon $575,000 First American Title Company
Sarrafzadeh Majid -- Lawyers Title Insurance Corp
Anker Greg $182,000 Lawyers Title Insurance Corp
Sarrafzadeh Majid -- None Available
Sarrafzadeh Majid -- None Available
Sarrafzadeh Majid -- None Available
Sarrafzadeh Majid -- Orange Coast Title Co
Sarrafzadeh Majid $500,000 Orange Coast Title
Kiefer Thomas R -- Commonwealth Land Title Co
Kiefer Thomas R $305,000 Commonwealth Land Title Co
Asanuma Katsusuke Peter $200,000 Chicago Title Co
Ahumada Alberto G -- --
Ahumada Sandra Magdalena -- Continental Title
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 Harris Shannon $431,250
Previous Owner Anker Greg $136,500
Previous Owner Sarrafzadeh Majid $400,000
Previous Owner Kiefer Thomas R $228,750
Previous Owner Asanuma Katsusuke Peter $169,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2021 08/05/21 Sold $575,000 +4.7% $192 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $549,000 -- $183 / 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 $7,134 $610,194 $132,651 $477,543
2023 $7,134 $586,500 $127,500 $459,000
2022 $6,964 $575,000 $125,000 $450,000
2021 $2,795 $217,022 $77,505 $139,517
2020 $2,775 $214,798 $76,711 $138,087
2019 $2,726 $210,587 $75,207 $135,380
2018 $2,677 $206,459 $73,733 $132,726
2017 $2,625 $202,412 $72,288 $130,124
2016 $2,511 $198,444 $70,871 $127,573
2015 $2,480 $195,464 $69,807 $125,657
2014 $2,402 $191,638 $68,441 $123,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21124725

California Regional Multiple Listing Service (CRMLS)

APN: 437-082-003

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