NOT LISTED FOR SALE

Estimated Value: $664,000 - $926,000

4 Beds
4 Baths
2,440 Sq Ft
$313/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $437,000 $179 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,466/month

57 Days on Market

Highlights

  • Open Floorplan
  • 4 Detached Carport Spaces
  • Front Yard
  • Corian Countertops
  • Carpet
  • 2-minute walk to Mistletoe Park

About This Home

As of June 2019

GREAT MULTI-FAMILY INVESTMENT! ALL UNITS ARE RECENTLY REHABBED! WITH A CAP RATE OF 7.5 % PRO FORMA AND 6.2 ACTUAL! ALL UNITS ARE CURRENTLY OCCUPIED! COMES WITH PROFESSIONAL MANAGEMENT AND LANDSCAPING!

Last Agent to Sell the Property

Dana Barnes

NON-MEMBER/NBA or BTERM OFFICE License #01780725 Listed on: 03/03/2019

Co-Listed By

Nathaniel Barnes

Signature Group Realty License #02042268

Last Buyer's Agent

Joe Corbisiero

Compass License #01886351

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 10,869 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,440 Sq Ft Home
  • Open Floorplan

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 17
  • Tax Tract Number 436
  • Assessor Parcel Number 437141002

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $410
  • Insurance Expense $739
  • Professional Management Expense $2,784
  • Trash Expense $1,108
  • Water Sewer Expense $2,129
  • Operating Expense $7,170
  • Gross Income $34,800
  • Net Operating Income $27,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Professional Management Expense: 2784.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2129.00
  • Zoning: C2
  • Property Type: Residential Income
  • Parcel Number: 437141002
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Corian Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 179.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Sewer: Public Sewer
  • Trash Expense: 1108.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10869.00
  • Lot Size Acres: 0.2495

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 410.00
  • Gross Income: 34800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 739.00
  • Lot Size Area: 10869.0000 Square Feet
  • Net Operating Income: 27630.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 7170.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 7170.00

Tax Info

  • Tax Census Tract: 436.01
  • Tax Lot: 17
  • Tax Tract Number: 436.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2019
Closed on
May 8, 2019
Sold by
Vo Kathy Tram
Bought by
Madera Jesse
Seller's Agent
Dana Barnes
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Joe Corbisiero
Compass
List Price
$445,000
Sold Price
$437,000
Premium/Discount to List
-$8,000
-1.8%
Current Estimated Value
$763,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,019
Avg. Annual Appreciation
8.90%
Original Mortgage
$327,750
Outstanding Balance
$287,573
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$475,446

Purchase Details

Closed on
Aug 16, 2016
Sold by
Hoang David Xuan
Bought by
Vo Kathy Tram

Purchase Details

Listed on
May 29, 2015
Closed on
Jun 9, 2015
Sold by
Matrix Capital Associates Inc
Bought by
Vo Kathy Tram
Seller's Agent
Juan Haro
Signature Realty & Loans
Buyer's Agent
Juan Haro
Signature Realty & Loans
List Price
$289,000
Sold Price
$276,000
Premium/Discount to List
-$13,000
-4.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%

Purchase Details

Closed on
Nov 19, 2014
Sold by
Haro Juan and Haro Maria G
Bought by
Matrix Capital Associates Inc

Purchase Details

Closed on
Jul 24, 2014
Sold by
Gertmenian L Wayne
Bought by
Matrix Capital Associates Inc

Purchase Details

Listed on
Mar 8, 2014
Closed on
May 5, 2014
Sold by
Gertmenian Cindy
Bought by
Gertmenian L Wayne
Seller's Agent
MICHAEL WILLIAMS
MICHAEL WILLIAMS BROKER
Buyer's Agent
MICHAEL WILLIAMS
MICHAEL WILLIAMS BROKER
List Price
$219,500
Sold Price
$219,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%
Original Mortgage
$164,625
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 8, 2014
Closed on
Apr 21, 2014
Sold by
Nissim Llc
Bought by
Gertmenian Wayne
Seller's Agent
MICHAEL WILLIAMS
MICHAEL WILLIAMS BROKER
Buyer's Agent
MICHAEL WILLIAMS
MICHAEL WILLIAMS BROKER
List Price
$219,500
Sold Price
$219,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,625
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 1, 2013
Closed on
Nov 25, 2013
Sold by
Sanchez Mary L
Bought by
Nissim Llc
Seller's Agent
Joubin Manoochehri
JNM Realty, INC.
Buyer's Agent
Joubin Manoochehri
JNM Realty, INC.
List Price
$105,000
Sold Price
$128,000
Premium/Discount to List
$23,000
21.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
240.67%

Purchase Details

Closed on
Sep 12, 2005
Sold by
Oconnell Gerald E and Oconnell Suzanne M
Bought by
Sanchez Benjamin and Sanchez Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.26%
Mortgage Type
Negative Amortization
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

Date Buyer Sale Price Title Company
Madera Jesse $437,000 Corinthian Title Company
Vo Kathy Tram -- None Available
Vo Kathy Tram $276,000 First American Title Company
Matrix Capital Associates Inc -- Accommodation
Matrix Capital Associates Inc -- None Available
Gertmenian L Wayne -- Lawyers Title
Gertmenian L Wayne -- Lawyers Title
Gertmenian Wayne $219,500 Lawyers Title
Gertmenian L Wayne $219,500 Lawyers Title
Nissim Llc $128,000 Fidelity National Title
Sanchez Benjamin $435,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madera Jesse $327,750
Previous Owner Gertmenian L Wayne $164,625
Previous Owner Sanchez Benjamin $348,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2019 06/20/19 Sold $437,000 -1.8% $179 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
03/03/2019 03/03/19 For Sale $445,000 +61.2% $182 / Sq Ft
06/29/2015 06/29/15 Sold $276,000 -4.5% -- View Prior Sale
06/01/2015 06/01/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $289,000 +31.7% --
05/13/2014 05/13/14 Sold $219,500 0.0% -- View Prior Sale
03/26/2014 03/26/14 Pending -- -- --
03/08/2014 03/08/14 For Sale $219,500 +71.5% --
12/05/2013 12/05/13 Sold $128,000 +21.9% -- View Prior Sale
09/08/2013 09/08/13 Pending -- -- --
09/01/2013 09/01/13 For Sale $105,000 -- --
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 $5,756 $487,476 $184,057 $303,419
2023 $5,756 $468,549 $176,911 $291,638
2022 $5,620 $459,363 $173,443 $285,920
2021 $5,529 $450,357 $170,043 $280,314
2020 $5,481 $445,740 $168,300 $277,440
2019 $3,745 $297,357 $86,190 $211,167
2018 $3,677 $291,527 $84,500 $207,027
2017 $3,604 $285,812 $82,844 $202,968
2016 $3,443 $280,209 $81,220 $198,989
2015 $2,758 $219,498 $54,999 $164,499
2014 -- $128,000 $45,000 $83,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19048617

California Regional Multiple Listing Service (CRMLS)

APN: 437-141-002