NOT LISTED FOR SALE
10 Beds
5 Baths
4,480 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: July 17, 2019

Last sale price $695,000 $155 Per Sq Ft

9 Days on Market

About This Home

As of July 2019

This is a house and 2 duplexes, all with single car garages and no common walls.  Each yard is individually fenced for privacy.  All units have all been extensively remodeled, upgraded and well maintained by contractor owner.  It’s almost like owning 5 houses on one lot.  Extremely easy to rent, with no advertising and 100% occupancy rate for years.   Minimal tenant issues because units are not stacked upon each other and no adjoining walls.  All units have tile floors throughout, 6-panel doors, upgraded baseboard and door casings, some units have new windows, granite countertops, new bathtubs, new bathroom fixtures, upgraded cabinets, decorative wall tile, etc.  Main house at 7155 has new electric wiring and new electric panel and everything remodeled on the inside.  Two units have swamp coolers.  Updated landscaping including exterior veneer rock work throughout complex.  Great curb appeal with upgraded front fence with decorative rock work, columns and wrought iron.  Mature sego and queen palms.  Rents are below market.

Last Agent to Sell the Property

Ray Fernandez

NextMove Real Estate License #01895143 Listed on: 06/10/2019

Last Buyer's Agent

Maria Limas

PONCE & PONCE REALTY, INC License #02059030

PONCE & PONCE REALTY, INC
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 16,100 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Interior Spaces

  • 4,480 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 1712
  • Assessor Parcel Number 1191372440000

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,430
  • Trash Expense $2,674
  • Water Sewer Expense $3,243
  • New Taxes Expense $8,700
  • Operating Expense $16,047
  • Gross Income $60,300
  • Net Operating Income $44,253

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.37 Acres

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3243.00
  • Property Type: Residential Income
  • Parcel Number: 1191372440000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 155.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2674.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16100.00
  • Lot Size Acres: 0.3696

Multi Family

  • Gross Income: 60300.00
  • Gross Scheduled Income: 60300.00
  • Insurance Expense: 1430.00
  • Lot Size Area: 16100.0000 Square Feet
  • Net Operating Income: 44253.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 16047.00
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 16047.00

Tax Info

  • New Taxes Expense: 8700.00
  • Tax Census Tract: 74.09
  • Tax Lot: 43
  • Tax Tract Number: 1712

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
Aug 18, 2022
Sold by
James Colquitt Douglas
Bought by

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jun 25, 2019
Sold by
Kepler Timothy and Kepler Peggy
Bought by
Colquitt Douglas
Seller's Agent
Ray Fernandez
NextMove Real Estate
Buyer's Agent
Maria Limas
PONCE & PONCE REALTY, INC
List Price
$725,000
Sold Price
$695,000
Premium/Discount to List
-$30,000
-4.14%

Purchase Details

Closed on
Feb 14, 2005
Sold by
Kepler Timothy and Kepler Peggy
Bought by
Kepler Timothy and Kepler Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2005
Sold by
Bob Hall Living Trust
Bought by
Hall Martha A and Bob Hall Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2003
Sold by
Morgan Jordan P
Bought by
Kepler Tim and Kepler Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,930
Interest Rate
5.72%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 31, 2001
Sold by
Moller James L and Moller Sherian Sue
Bought by
Morgan Jordan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.98%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 29, 1999
Sold by
Vanaken Clarence E and Vanaken Nancy L
Bought by
Moller James L and Moller Sherian Sue

Purchase Details

Closed on
Sep 11, 1996
Sold by
Riggenbach Brian L and Riggenbach Clarence E
Bought by
Vanaken Clarence E and Vanaken Nancy L
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
-- Bridge Law Lp
Betty Colquitt Revocable Living Trust -- None Listed On Document
Colquitt Douglas $695,000 Ticor Title
Kepler Timothy -- First American Title Co
Hall Martha A -- --
Kepler Tim $260,000 Priority Title Company
Morgan Jordan P $180,000 First American Title
Moller James L $100,000 --
Vanaken Clarence E $148,699 Northern Counties Title Ins
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
Previous Owner $351,000
Previous Owner Kepler Timothy $100,000
Previous Owner Kepler Timothy $263,000
Previous Owner Morgan Jordan P $10,435
Previous Owner Kepler Tim $221,930
Previous Owner Morgan Jordan P $162,000
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
07/17/2019 07/17/19 Sold $695,000 -4.1% $155 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $725,000 -- $162 / 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 $11,750 $955,088 $222,854 $732,234
2025 $11,750 $936,360 $218,484 $717,876
2024 $11,513 $918,000 $214,200 $703,800
2023 $11,231 $900,000 $210,000 $690,000
2022 $9,169 $716,244 $206,113 $510,131
2021 $9,199 $702,200 $202,072 $500,128
2020 $9,236 $695,000 $200,000 $495,000
2019 $4,416 $331,258 $25,491 $305,767
2018 $4,365 $324,763 $24,991 $299,772
2017 $4,234 $318,395 $24,501 $293,894
2016 $3,709 $280,700 $31,200 $249,500
2015 $3,524 $257,300 $28,600 $228,700
2014 $3,108 $227,700 $25,300 $202,400
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19136546

California Regional Multiple Listing Service (CRMLS)
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