NOT LISTED FOR SALE

Estimated Value: $1,199,169

4 Beds
6 Baths
4,217 Sq Ft
$284/Sq Ft Est. Value

Last Sold August 30, 2014

Last sale price $580,000 $138 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,833/month

99 Days on Market

About This Home

As of August 2014

Perfect property for investment! This property has 3 residential units and 3 Stores. 2 units are 1 Bedroom 1 Bath and 1 Unit is 2 bedrooms 1 bath. All units are tenant occupied. There are 3 Stores in the front off of Florence Ave. These are furniture stores. Great property for investors!!

Last Agent to Sell the Property

Nelson Sanchez

Century 21 A Better Service License #01219209 Listed on: 05/05/2014

Century 21 A Better Service

Last Buyer's Agent

Hatsey Egziabher

C-West Realty License #01278288

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,735

Year Built

  • Built in 1947

Lot Details

  • 5,566 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 2 Parking Spaces

Home Design

  • 4,217 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 5219
  • Assessor Parcel Number 6015036001

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,235
  • Maintenance Expense $1,800
  • Trash Expense $1,440
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,738
  • Gross Income $7,245
  • Net Operating Income $69,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,735

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 6015036001
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 137.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5566.00
  • Lot Size Acres: 0.1280

Multi Family

  • Gross Income: 7245.00
  • Gross Scheduled Income: 86940.00
  • Insurance Expense: 2235.00
  • Lot Size Area: 5566.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 69727.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 17213.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 8738.00
  • Tax Lot: 18
  • Tax Tract Number: 5219
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2004
Sold by
Grant Theodore
Bought by
Grant Theodore
Current Estimated Value
$1,199,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.95%
Mortgage Type
Commercial
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
Grant Theodore -- Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Grant Theodore $46,000
Closed Grant Theodore $180,000
Closed Grant Theodore $62,000
Closed Grant Theodore $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2014 08/30/14 Sold $580,000 -0.9% $138 / Sq Ft
05/22/2014 05/22/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $585,000 -- $139 / 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 $3,735 $262,482 $140,847 $121,635
2024 $3,735 $257,336 $138,086 $119,250
2023 $3,677 $252,291 $135,379 $116,912
2022 $3,530 $247,345 $132,725 $114,620
2021 $3,462 $242,496 $130,123 $112,373
2020 $3,488 $240,010 $128,789 $111,221
2019 $3,371 $235,305 $126,264 $109,041
2018 $3,278 $230,692 $123,789 $106,903
2016 $3,099 $221,735 $118,983 $102,752
2015 $3,059 $218,405 $117,196 $101,209
2014 $3,084 $214,128 $114,901 $99,227
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14030208

California Regional Multiple Listing Service (CRMLS)

APN: 6015-036-001