NOT LISTED FOR SALE

Estimated Value: $1,262,000 - $1,586,000

5 Beds
3 Baths
3,196 Sq Ft
$436/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $725,000 $227 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,855/month

20 Days on Market

About This Home

As of May 2014

Located on a quiet, tree-lined street in Westchester, this charming triplex is perfect for an owner-user or investor alike! The property consists of 1: 1-Bed 1-Bath unit, 1: 2-Bed 1-Bath unit and 1: 2-Bed 1-Bath owners unit located on the first story with a large gated backyard. With 3 total garage spaces and a large driveway, parking for this building is in abundance. Live in the owners unit and let your tenants pay your mortgage! Buildings like this in Westchester do not come along often, don’t hesitate this opportunity will not last long.

Last Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 01/24/2014

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,667

Year Built

  • Built in 1951

Lot Details

  • 5,749 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,196 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 119
  • Tax Tract Number 11569
  • Assessor Parcel Number 4103021017

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $18,228
  • Gross Income $3,915
  • Net Operating Income $27,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,667

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.65
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 4103021017
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 226.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5749.00
  • Lot Size Acres: 0.1320

Multi Family

  • Gross Income: 3915.00
  • Gross Multiplier: 15.96
  • Gross Operating Income: 45751.00
  • Gross Scheduled Income: 46980.00
  • Lot Size Area: 5749.0000 Square Feet
  • Net Operating Income: 27342.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 18228.00
  • Operating Expense Percent: 39.00
  • Rent Control: Yes
  • Total Expenses: 18228.00
  • Vacancy Allowance: 1409
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 119
  • Tax Tract Number: 11569
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2017
Sold by
Mitges Christine
Bought by
Light Linda and The Linda Light Family Trust
Total Days on Market
20
Current Estimated Value
$1,393,333

Purchase Details

Listed on
Jan 24, 2014
Closed on
Apr 23, 2014
Sold by
Brewer Michael
Bought by
Linda Light The Linda Light Family Trust and Christine Mitges The Christine Mitges Living
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Linda Light
Coldwell Banker Realty
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Feb 19, 2014
Sold by
Baum Eric Ivan
Bought by
Mitgs Christine

Purchase Details

Closed on
Feb 10, 2011
Sold by
Brewer Geovanni M
Bought by
Brewer Michael

Purchase Details

Closed on
Oct 3, 2006
Sold by
Brewer Michael
Bought by
Brewer Geovanni M

Purchase Details

Closed on
May 25, 2001
Sold by
Koshak Norman and Koshak Helen
Bought by
Brewer Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.14%
Mortgage Type
Balloon

Purchase Details

Closed on
May 14, 1994
Sold by
Koshak Anna
Bought by
Koshak Norman

Range of Values:

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Average Value
Not Available
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
Light Linda $500,000 Equity Title Company
Linda Light The Linda Light Family Trust $725,000 Progressive
Mitgs Christine -- Progressive Title
Brewer Michael -- None Available
Brewer Geovanni M -- None Available
Brewer Michael $390,000 Fidelity Title
Koshak Norman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brewer Geovanni M $50,000
Previous Owner Brewer Michael $343,200
Previous Owner Brewer Michael $300,000
Closed Brewer Michael $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $725,000 -3.3% $227 / Sq Ft
02/13/2014 02/13/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $750,000 -- $235 / 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
2024 $12,667 $1,021,298 $710,405 $310,893
2023 $12,428 $1,001,274 $696,476 $304,798
2022 $11,857 $981,642 $682,820 $298,822
2021 $11,699 $962,395 $669,432 $292,963
2019 $11,351 $933,852 $649,577 $284,275
2018 $11,265 $915,542 $636,841 $278,701
2016 $9,215 $750,761 $517,767 $232,994
2015 $9,082 $739,485 $509,990 $229,495
2014 $6,049 $479,384 $282,716 $196,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14016418

California Regional Multiple Listing Service (CRMLS)

APN: 4103-021-017