NOT LISTED FOR SALE

Estimated Value: $792,000 - $863,000

6 Beds
3 Baths
2,073 Sq Ft
$398/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $516,000 $249 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,120/month

69 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property
  • Garden

About This Home

As of January 2018

LA Duplex living – This is a recently revived two unit property featuring a remodeled 2-story unit with 4 bed & 2 baths at the rear, perfect for a large family. Built in 2007 as an addition to the original unit in the front. It includes a laundry room and spacious bedrooms. The front unit consists of a 2 bed & 1 bath with a nice size porch. Both units contain updated plumbing, electrical and a roof that are in good shape. The exterior landscaping makes you feel right at home for those family "get-togethers". Parking is not an issue with a 2-car carport and additional parking to the left rear. It's a must see property for an owner looking to occupy as well as for an investor looking for a good return on investment at a 6% cap rate.

Last Agent to Sell the Property

John Martinez

310 Realty Club License #01869835 Listed on: 09/01/2017

Last Buyer's Agent

Flavio Acosta

Real Consultants Mortgage Real License #01208928

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,240

Year Built

  • Built in 1925

Lot Details

  • 5,103 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Garden
  • Front Yard

Interior Spaces

  • 2,073 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • 2 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1400
  • Tax Tract Number 6097
  • Assessor Parcel Number 6029009023

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Maintenance Expense $450
  • Trash Expense $500
  • Water Sewer Expense $700
  • New Taxes Expense $6,238
  • Operating Expense $8,906
  • Gross Income $39,683
  • Net Operating Income $30,777

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,240

Year Built

Built in 1925

Lot Details

0

Listing Details

  • CapRate: 6.20
  • Improvements Amount: 174279
  • Property Attached: No
  • Water Sewer Expenses: 700.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6029009023
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 248.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 200686
  • Lot Features: Front Yard, Garden, Landscaped
  • Lot Size Sq Ft: 5103.00

Multi Family

  • Gross Multiplier: 12.00
  • Gross Operating Income: 39683.00
  • Gross Scheduled Income: 41772.00
  • Insurance Expense: 950.00
  • Maintenance Expense: 450.00
  • Net Operating Income: 30777.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 8918.00
  • Operating Expense Percent: 22.00
  • Rent Control: Yes
  • Total Actual Rent: 1081.00
  • Total Expenses: 8906.00
  • Vacancy Allowance: 2089
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6238.00
  • Tax Census Tract: 2398.01
  • Tax Lot: 1400
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Feb 1, 2018
Sold by
Banegas Sarai Alfaro
Bought by
Banegas Sarai Alfaro
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Flavio Acosta
Real Consultants Mortgage Real
List Price
$515,000
Sold Price
$516,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,000
Avg. Annual Appreciation
6.41%
Original Mortgage
$906,653
Outstanding Balance
$768,660
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$56,340

Purchase Details

Listed on
Sep 1, 2017
Closed on
Jan 26, 2018
Sold by
Martinez Oscar Marquez
Bought by
Banegas Sarai Alfaro and Rosario Martinez Contreras J
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Flavio Acosta
Real Consultants Mortgage Real
List Price
$515,000
Sold Price
$516,000
Premium/Discount to List
$1,000
0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$906,653
Outstanding Balance
$768,660
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$56,340

Purchase Details

Listed on
Mar 4, 2014
Closed on
Mar 19, 2014
Sold by
Capital Cove Bancorp Llc
Bought by
Martinez Oscar Marquez
Seller's Agent
Albert Williams
gotmortgage.com Real Estate Group
Buyer's Agent
John Martinez
310 Realty Club
List Price
$353,900
Sold Price
$355,000
Premium/Discount to List
$1,100
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%
Original Mortgage
$325,091
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2013
Sold by
Income & Equity Llc
Bought by
Capital Cove Bancorp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 2013
Sold by
Varma Harsh Kumar
Bought by
Income & Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 28, 2010
Sold by
Imb Reo Llc
Bought by
Varma Harsh Kumar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2009
Sold by
Garcia Enrique
Bought by
Imb Reo Llc

Purchase Details

Closed on
Aug 17, 2007
Sold by
Garcia Enrique
Bought by
Los Alimitos Financial Llc

Purchase Details

Closed on
Dec 8, 2006
Sold by
Garcia Gudelia
Bought by
Garcia Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 24, 2006
Sold by
Roots Development Inc
Bought by
Garcia Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 28, 2006
Sold by
Byers Gabriel M
Bought by
Roots Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
Williams Larry
Bought by
Williams Darrilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Aiken Gary E
Bought by
Byers Gabriel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Banegas Sarai Alfaro -- None Available
Banegas Sarai Alfaro $516,000 First American Title Company
Martinez Oscar Marquez $355,000 Ticor Title Company
Capital Cove Bancorp Llc $249,000 Ticor Title Co
Income & Equity Llc -- Ticor Title Company
Varma Harsh Kumar $230,000 Chicago Title Company
Imb Reo Llc $240,207 Accommodation
Los Alimitos Financial Llc -- None Available
Garcia Enrique -- Chicago Title
Garcia Enrique $618,000 Chicago Title
Roots Development $357,000 Chicago Title Insurance Co
Williams Darrilyn -- Chicago
Byers Gabriel M $172,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banegas Sarai Alfaro $906,653
Previous Owner Martinez Oscar Marquez $325,091
Previous Owner Capital Cove Bancorp Llc $45,000
Previous Owner Capital Cove Bancorp Llc $55,000
Previous Owner Capital Cove Bancorp Llc $185,000
Previous Owner Varma Harsh Kumar $172,500
Previous Owner Garcia Enrique $92,700
Previous Owner Garcia Enrique $494,400
Previous Owner Roots Development $298,000
Previous Owner Byers Gabriel M $215,000
Previous Owner Byers Gabriel M $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $516,000 +0.2% $249 / Sq Ft
12/22/2017 12/22/17 For Sale $515,000 0.0% $248 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
11/01/2017 11/01/17 For Sale $515,000 -0.2% $248 / Sq Ft
09/08/2017 09/08/17 Off Market $516,000 -- --
09/08/2017 09/08/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $499,000 +40.6% $241 / Sq Ft
04/22/2014 04/22/14 Sold $355,000 +0.3% $171 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $353,900 -- $171 / 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 $7,240 $587,114 $398,238 $188,876
2024 $7,240 $575,603 $390,430 $185,173
2023 $7,103 $564,318 $382,775 $181,543
2022 $6,776 $553,254 $375,270 $177,984
2021 $6,686 $542,407 $367,912 $174,495
2019 $6,489 $526,320 $357,000 $169,320
2018 $4,821 $382,463 $204,699 $177,764
2016 $4,593 $367,613 $196,751 $170,862
2015 $4,528 $362,092 $193,796 $168,296
2014 $3,896 $301,000 $180,000 $121,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17223637

California Regional Multiple Listing Service (CRMLS)

APN: 6029-009-023