NOT LISTED FOR SALE

Estimated Value: $674,969 - $785,000

6 Beds
2 Baths
1,776 Sq Ft
$410/Sq Ft Est. Value

Last Sold February 04, 2015

Last sale price $372,000 $209 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,331/month

122 Days on Market

Highlights

  • Updated Kitchen
  • Granite Countertops
  • Laundry Room
  • Wood Flooring
  • Private Yard
  • Kitchen Island

About This Home

As of February 2015

This gorgeous duplex has been completely remodeled with wood floors, Custom Kitchen Cabinets, Granite Counter tops, electrical fixtures including recessed lights, new carpets, doors, updated plumbing, interior and exterior paint, windows and more. The Duplex features two 3 Bedroom / 1 Bath Units and is fully Tenanted with Quality Tenants and Great Rental Income. Don t miss out on this will go fast.

Last Agent to Sell the Property

EUGENE MITCHELL

Amar Real Estate & Property M License #01837655 Listed on: 08/16/2014

Last Buyer's Agent

Mark Mittal

MONTEZUMA EQUITIES License #01255116

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,590

Year Built

  • Built in 1929

Lot Details

  • 5,200 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,776 Sq Ft Home
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Gas Range
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 45
  • Tax Tract Number 6534
  • Assessor Parcel Number 6029032021

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $600
  • Professional Management Expense $2,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,687
  • Gross Income $36,000
  • Net Operating Income $30,120

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,590

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 8.00
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 6029032021
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Price Per Square Foot: 209.46
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5200.0000 Square Feet
  • Net Operating Income: 30120.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5880.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4687.00
  • Tax Lot: 45
  • Tax Tract Number: 6534
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2014
Closed on
Jan 27, 2015
Sold by
Seele Kevin J
Bought by
Swami Growth Llc
Seller's Agent
EUGENE MITCHELL
Amar Real Estate & Property M
Buyer's Agent
Mark Mittal
MONTEZUMA EQUITIES
List Price
$375,000
Sold Price
$372,000
Premium/Discount to List
-$3,000
-0.8%
Current Estimated Value
$728,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,992
Avg. Annual Appreciation
6.50%

Purchase Details

Closed on
Feb 4, 2011
Sold by
La Development Company Lp
Bought by
Seele Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,814
Interest Rate
4.74%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2010
Sold by
Dalili Nader
Bought by
La Development Company Lp

Purchase Details

Closed on
Dec 21, 2009
Sold by
Hsbc Bank Usa Na
Bought by
Dalili Nader

Purchase Details

Closed on
Nov 21, 2009
Sold by
Shanjani Ziba Sami
Bought by
Dalili Nader

Purchase Details

Closed on
Sep 8, 2009
Sold by
Adams Don E
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jan 12, 2007
Sold by
Backstrom Weber
Bought by
Adams Don E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2005
Sold by
Causey John A
Bought by
Backstrom Weber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Causey Emma C
Bought by
Causey John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 13, 2004
Sold by
Brumfield Sarah and Sarah Brumfield Living Trust
Bought by
Causey John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 13, 1994
Sold by
Brumfield Sarah
Bought by
Brumfield Sarah and Sarah Brumfield Living 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
Swami Growth Llc $372,000 Ticor Title
Seele Kevin J $315,000 Lawyers Title
La Development Company Lp -- None Available
Dalili Nader $146,000 Lsi Title Agency
Dalili Nader -- Lsi Title Agency
Hsbc Bank Usa Na $153,450 Accommodation
Adams Don E $515,000 Gateway Title Company
Backstrom Weber $365,000 Landsafe Title
Causey John A -- Fidelity Van Nuys
Causey John A -- Fidelity Van Nuys
Brumfield Sarah -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seele Kevin J $310,814
Previous Owner Adams Don E $412,000
Previous Owner Backstrom Weber $255,500
Previous Owner Causey John A $36,000
Previous Owner Causey John A $192,000
Previous Owner Causey John A $192,000
Closed Backstrom Weber $109,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2015 02/04/15 Sold $372,000 -0.8% $209 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
08/16/2014 08/16/14 For Sale $375,000 -- $211 / 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 $5,590 $447,081 $240,367 $206,714
2024 $5,590 $438,315 $235,654 $202,661
2023 $5,486 $429,722 $231,034 $198,688
2022 $5,236 $421,297 $226,504 $194,793
2021 $5,166 $413,037 $222,063 $190,974
2019 $5,015 $400,788 $215,478 $185,310
2018 $4,930 $392,930 $211,253 $181,677
2016 $4,701 $377,673 $203,050 $174,623
2015 $4,203 $335,789 $203,180 $132,609
2014 $4,227 $329,212 $199,200 $130,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14177813

California Regional Multiple Listing Service (CRMLS)

APN: 6029-032-021