NOT LISTED FOR SALE

Estimated Value: $687,000 - $1,069,726

6 Beds
3 Baths
2,303 Sq Ft
$389/Sq Ft Est. Value

Last Sold August 21, 2013

Last sale price $350,000 $152 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $5,148/month

95 Days on Market

About This Home

As of August 2013

Wow! 4 Bedroom 2 Bath on Front House, and 2 Bedroom 1 Bath on Rear unit. $36460 is the annual income! If you want to make money, This is the Buy of the Year.

Last Agent to Sell the Property

Deric Rangell

Keller Williams Realty Downey License #01010078 Listed on: 04/24/2013

Keller Williams Realty Downey

Last Buyer's Agent

Sulma Perez

Berkshire Hathaway HomeServices California Properties License #01860989

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,434

Year Built

  • Built in 1921

Lot Details

  • 5,446 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 1 Parking Space

Home Design

  • 2,303 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 007
  • Tax Tract Number 5001
  • Assessor Parcel Number 5001023007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $60
  • Insurance Expense $950
  • Trash Expense $700
  • Water Sewer Expense $1,600
  • New Taxes Expense $3,658
  • Gross Income $36,456
  • Net Operating Income $27,726

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,434

Year Built

Built in 1921

Lot Details

0

Listing Details

  • CapRate: 7.92
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 5001023007
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 151.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5446.00
  • Lot Size Acres: 0.1250

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 36456.00
  • Gross Multiplier: 9.60
  • Gross Scheduled Income: 36456.00
  • Gross Spendable Income: 27786.00
  • Insurance Expense: 950.00
  • Lot Size Area: 5446.0000 Square Feet
  • Net Operating Income: 27726.00
  • 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: 8730.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3658.00
  • Tax Lot: 007
  • Tax Tract Number: 5001
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2020
Sold by
Ngo Denny D
Bought by
Ngo Denny D and Ngo Valerie Aileen
Current Estimated Value
$895,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$206,352
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$688,830

Purchase Details

Listed on
Apr 24, 2013
Closed on
Aug 15, 2013
Sold by
Swafford Tony and Loice M Swafford Separate Prop
Bought by
Ngo Denny D
Seller's Agent
Deric Rangell
Keller Williams Realty Downey
Buyer's Agent
Sulma Perez
Berkshire Hathaway HomeServices California Properties
List Price
$299,900
Sold Price
$350,000
Premium/Discount to List
$50,100
16.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$262,500
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2005
Sold by
Swafford Jesse and The Loice M Swafford Separate
Bought by
Swafford Jesse and The Loice M Swafford Separate

Purchase Details

Closed on
Aug 19, 2003
Sold by
Swafford Loice Mae
Bought by
Swafford Loice M and Loice M Swafford Separate Prop
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
Ngo Denny D -- Provident Title Company
Ngo Denny D $350,000 Fidelity Natl Title Ins Co
Swafford Jesse -- --
Swafford Loice M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngo Denny D $232,000
Closed Ngo Denny D $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2013 08/21/13 Sold $350,000 +16.7% $152 / Sq Ft
07/28/2013 07/28/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $299,900 -- $130 / 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 $5,434 $429,040 $257,425 $171,615
2024 $5,434 $420,628 $252,378 $168,250
2023 $5,338 $412,381 $247,430 $164,951
2022 $5,102 $404,296 $242,579 $161,717
2021 $5,028 $396,370 $237,823 $158,547
2020 $5,075 $392,307 $235,385 $156,922
2019 $4,883 $384,616 $230,770 $153,846
2018 $4,771 $377,076 $226,246 $150,830
2016 $4,546 $362,435 $217,461 $144,974
2015 $4,482 $356,992 $214,195 $142,797
2014 $4,510 $350,000 $210,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13074545

California Regional Multiple Listing Service (CRMLS)

APN: 5001-023-007