NOT LISTED FOR SALE

7046 Geyser Ave Reseda, CA 91335

Estimated Value: $1,085,000 - $1,138,000

5 Beds
4 Baths
1,816 Sq Ft
$611/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $769,990 $424 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,880/month

24 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Cooling Available
  • Central Heating
  • 1-Story Property

About This Home

As of November 2019

Great investment opportunity in Reseda to purchase two beautiful houses on one lot each with their own address and utility meters! 7046 front house recently newly remodeled. 7048 New Accessory dwelling unit. Rents for both houses should bring in approx. $5400 a month, approx 6.5% cap rate. This is also a great opportunity for that buyer looking for a cash flow property as well as a property to live in. 7046- Quint single story 616 sq ft w/ 2 bedrooms and 1 full bathroom, recently remodeled throughout with, laminate flooring in the family room and kitchen. Kitchen has quartz counter tops, white shaker cabinets, and stainless steal appliances. Bathroom has quartz count top and tiled floor. New exterior paint and laundry hook ups. 7048-New 2019 built (ADU), 2 story 1200 sq ft w/ 3 bedrooms, 2.5 bathrooms w/ attached 2 car garage. Family room that opens to the Kitchen with quartz counter tops, white shaker cabinets, and stainless steal appliances.Bathrooms have quartz count top, tiled floor,tiled shower/tub. Laminate floors throughout, central heat & air and laundry hooks.

Last Agent to Sell the Property

Alaura Clennon

Griffin Real Estate, Inc. Listed on: 09/17/2019

Last Buyer's Agent

Kimanh Vuong

360 LOAN, Inc. License #01912662

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,072

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 6,745 Sq Ft Lot
  • Level Lot
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 9397
  • Assessor Parcel Number 2126012007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,072

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2.00
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 2126012007
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 424.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6745.00
  • Lot Size Acres: 0.1548

Multi Family

  • Electric Expense: 2.00
  • Fuel Expense: 2.00
  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6745.0000 Square Feet
  • Net Operating Income: 54462.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10338.00
  • Rent Control: Yes
  • Total Expenses: 10338.00

Tax Info

  • New Taxes Expense: 8538.00
  • Tax Census Tract: 1310.20
  • Tax Lot: 32
  • Tax Tract Number: 9397

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Oct 28, 2019
Sold by
Gw San Diego Properties Llc
Bought by
Vo Dustin and Huynh Ngoclinh T
Seller's Agent
Alaura Clennon
Griffin Real Estate, Inc.
Buyer's Agent
Kimanh Vuong
360 LOAN, Inc.
List Price
$769,990
Sold Price
$769,990
Current Estimated Value
$1,108,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,741
Avg. Annual Appreciation
6.60%
Original Mortgage
$576,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 29, 2018
Sold by
Griffin Ian
Bought by
Gw San Diego Properties Llc
Seller's Agent
Grant Alvernaz
Grant Alvernaz, Broker
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$459,900
Sold Price
$430,000
Premium/Discount to List
-$29,900
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.87%
Original Mortgage
$6,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 6, 2018
Sold by
Griffin Gena
Bought by
Griffin Ian
Seller's Agent
Grant Alvernaz
Grant Alvernaz, Broker
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$459,900
Sold Price
$430,000
Premium/Discount to List
-$29,900
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 4, 2018
Sold by
Alvernaz Partners Llc
Bought by
Griffin Ian
Seller's Agent
Grant Alvernaz
Grant Alvernaz, Broker
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$459,900
Sold Price
$430,000
Premium/Discount to List
-$29,900
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2017
Sold by
Patriot Holdings Llc
Bought by
Alvernaz Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2017
Sold by
Perdue George Talbert
Bought by
Patriot Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2002
Sold by
Croteau Dorothy A and Oxford Dorothy
Bought by
The Dorothy Oxford Living Trust
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
Vo Dustin $769,000 Usa National Title Company
Gw San Diego Properties Llc $430,000 Accommodation
Griffin Ian -- Stewart
Griffin Ian $430,000 Stewart
Alvernaz Partners Llc $290,000 Stewart Title
Patriot Holdings Llc $150,000 None Available
The Dorothy Oxford Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vo Dustin $576,000
Closed Vo Dustin $576,000
Previous Owner Gw San Diego Properties Llc $6,000,000
Previous Owner Alvernaz Partners Llc $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $769,990 0.0% $424 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $769,990 +79.1% $424 / Sq Ft
06/11/2018 06/11/18 Sold $430,000 -6.5% $698 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $459,900 -- $747 / 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 $10,072 $841,011 $328,093 $512,918
2024 $10,072 $824,521 $321,660 $502,861
2023 $9,876 $808,354 $315,353 $493,001
2022 $9,413 $792,505 $309,170 $483,335
2021 $9,292 $776,966 $303,108 $473,858
2020 $9,377 $769,000 $300,000 $469,000
2019 $5,198 $430,000 $344,000 $86,000
2018 $3,595 $290,000 $200,000 $90,000
2016 $560 $44,476 $37,047 $7,429
2015 $552 $43,809 $36,491 $7,318
2014 $563 $42,952 $35,777 $7,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19222016

California Regional Multiple Listing Service (CRMLS)

APN: 2126-012-007