NOT LISTED FOR SALE

Estimated Value: $792,057 - $953,000

8 Beds
4 Baths
2,178 Sq Ft
$393/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $610,000 $280 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,242/month

120 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

As of November 2019

Onenof the units come vacant! You live in it or set the new rent! This is a great opportunity to own an income property at an affordable price. 5 % cap rate at current rents. Rents in the area are significantly higher opening the door for a potential higher cap rate and return on investment. Both units are above average condition and very spacious. Property went through a complete rehab in early 2000's so condition of the building shows much newer than is reflecting on the year built. More pics coming soon.

Last Agent to Sell the Property

Maria Palacios

Berkshire Hathaway H.S.C.P. License #01378393 Listed on: 05/28/2019

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

HUMBERTO SANTANA

KELLER WILLIAMS COLLEGE PARK License #01977675

KELLER WILLIAMS COLLEGE PARK

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,144

Year Built

  • Built in 1929

Lot Details

  • 5,105 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Duplex

Interior Spaces

  • 2,178 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Listing and Financial Details

  • Tax Lot 655
  • Tax Tract Number 2395
  • Assessor Parcel Number 6023018026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Operating Expense $5,772
  • Gross Income $3,500
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,144

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6023018026
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 280.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5105.00
  • Lot Size Acres: 0.1172

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5105.0000 Square Feet
  • Net Operating Income: 32000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10000.00
  • Rent Control: Yes
  • Total Expenses: 5772.00

Tax Info

  • Tax Lot: 655
  • Tax Tract Number: 2395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Oct 9, 2019
Sold by
Negrete Ashley and Perez Ashley
Bought by
Cruz Josue Garcia and Nepomuceno Lizbet
Seller's Agent
Maria Palacios
Berkshire Hathaway H.S.C.P.
Buyer's Agent
HUMBERTO SANTANA
KELLER WILLIAMS COLLEGE PARK
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%
Current Estimated Value
$833,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,329
Avg. Annual Appreciation
6.06%
Original Mortgage
$598,951
Outstanding Balance
$525,649
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$330,865

Purchase Details

Closed on
Jul 21, 2003
Sold by
Hamman Homes Investments
Bought by
Perez Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 24, 2003
Sold by
Kinnard Milbra
Bought by
Hamman Homes Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 3, 1996
Sold by
Bossett Gladys Verlina
Bought by
Bossett Gladys Verlina and Kinnard Milbra
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
Cruz Josue Garcia $610,000 Orange Coast Title Company
Perez Ashley $289,000 Act
Hamman Homes Investments $141,000 Commonwealth Land Title Co
Bossett Gladys Verlina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Josue Garcia $598,951
Previous Owner Perez Ashley $378,000
Previous Owner Homes Hamman $190,000
Previous Owner Homes Hamman $10,000
Previous Owner Perez Ashley $260,100
Previous Owner Hamman Homes Investments $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $610,000 +1.8% $280 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $599,000 -1.8% $275 / Sq Ft
08/08/2019 08/08/19 Off Market $610,000 -- --
05/28/2019 05/28/19 For Sale $599,000 -- $275 / 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 $8,144 $667,119 $360,900 $306,219
2024 $8,144 $654,039 $353,824 $300,215
2023 $7,988 $641,216 $346,887 $294,329
2022 $7,620 $628,644 $340,086 $288,558
2021 $7,519 $616,318 $333,418 $282,900
2020 $7,675 $610,000 $330,000 $280,000
2019 $4,680 $368,335 $165,688 $202,647
2018 $4,572 $361,114 $162,440 $198,674
2016 $4,353 $347,093 $156,133 $190,960
2015 $4,292 $341,880 $153,788 $188,092
2014 $4,317 $335,184 $150,776 $184,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19123915

California Regional Multiple Listing Service (CRMLS)

APN: 6023-018-026