NOT LISTED FOR SALE
2 Beds
1 Bath
1,392 Sq Ft
7,800 Sq Ft Lot

Sale Details

Date Sold: March 24, 2015

Last sale price $69,500 $50 Per Sq Ft

29 Days on Market

Highlights

  • RV Access or Parking
  • Evaporated cooling system
  • Wall Furnace
  • No HOA
  • 2 Attached Carport Spaces
  • 1-Story Property

About This Home

As of March 2015

Instant Positive Cash Flow with these Well maintained 2 units including both 6443 & 6445 Palm View Ave. Each unit has 2 Bedrooms & 1 Bath, Kitchen & Living Room and Both units are currently rented and include a gas oven/range, refrigerator, and rear unit with dishwasher. Wall heaters in each plus Evaporative Cooling systems. Units have separate meters for electric and natural gas. Units have a Total Size of of 1,392 SqFt and lot of 7,800 SqFt. At this price you can live in one, rent out the other and have a very low cost of living. Huge concrete driveway for RV Parking or Multiple cars, plus a second concrete driveway and carport.

Last Agent to Sell the Property

Tom Fosmire

Thomas V. Fosmire, Broker License #00900963 Listed on: 01/21/2015

Last Buyer's Agent

Elena Paulino

Prestige Properties License #01151769

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,800 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,392 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • RV Access or Parking

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 2874
  • Tax Tract Number 40
  • Assessor Parcel Number 0623034180000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $25
  • Insurance Expense $400
  • Maintenance Expense $2,500
  • Professional Management Expense $1,200
  • Water Sewer Expense $300
  • New Taxes Expense $900
  • Gross Income $13,200
  • Net Operating Income $7,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,800 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 0623034180000
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 49.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, RV Access/Parking
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 696
  • Electric Expense: 25.00
  • Gross Income: 13200.00
  • Gross Multiplier: 5.67
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 400.00
  • Lot Size Area: 7800.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 7820.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 5350.00
  • Rent Control: No
  • Total Actual Rent: 1100.00

Tax Info

  • New Taxes Expense: 900.00
  • Tax Lot: 2874
  • Tax Tract Number: 40
  • Tax Year: 2012

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2015
Closed on
Mar 23, 2015
Sold by
Bought by
Seller's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
Buyer's Agent
Elena Paulino
Prestige Properties
List Price
$79,900
Sold Price
$69,500
Premium/Discount to List
-$10,400
-13.02%

Purchase Details

Listed on
Jan 14, 2014
Closed on
Sep 4, 2014
Sold by
Bought by
Seller's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
Buyer's Agent
Tom Fosmire
Thomas V. Fosmire, Broker
List Price
$60,000
Sold Price
$65,000
Premium/Discount to List
$5,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%

Purchase Details

Closed on
Jul 7, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2006
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$156,000 Fidelity National Title Ie
$69,500 Document Processing Solution
$65,000 Chicago Title Co
-- Chicago Title Co
-- None Available
$160,000 Orange Coast Title
-- Chicago Title Co
$45,000 Chicago Title Company
$9,000 --
-- First American Title Ins Co
-- --
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
Open $189,000
Previous Owner $114,000
Previous Owner $128,000
Previous Owner $42,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2015 03/24/15 Sold $69,500 -13.0% $50 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $79,900 +22.9% $57 / Sq Ft
09/24/2014 09/24/14 Sold $65,000 +8.3% $47 / Sq Ft View Prior Sale
07/29/2014 07/29/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $60,000 -- $43 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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
2026 $2,700 $167,328 $44,620 $122,708
2025 $2,700 $164,047 $43,745 $120,302
2024 $2,538 $160,830 $42,887 $117,943
2023 $2,426 $157,676 $42,046 $115,630
2022 $2,368 $154,585 $41,222 $113,363
2021 $2,341 $151,554 $40,414 $111,140
2020 $2,314 $150,000 $40,000 $110,000
2019 $1,462 $74,878 $10,774 $64,104
2018 $1,427 $73,410 $10,563 $62,847
2017 $1,405 $71,971 $10,356 $61,615
2016 $1,749 $70,560 $10,153 $60,407
2015 $1,321 $65,000 $10,000 $55,000
2014 $1,660 $115,800 $42,100 $73,700
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15014643

California Regional Multiple Listing Service (CRMLS)
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