NOT LISTED FOR SALE

Estimated Value: $1,713,000 - $2,032,000

8 Beds
7 Baths
4,360 Sq Ft
$423/Sq Ft Est. Value

Last Sold March 22, 2017

Last sale price $1,200,000 $275 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $11,237/month

6 Days on Market

Highlights

  • Primary Bedroom Suite
  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Woodrow Wilson High School Rated A
  • Open Floorplan
  • Property is near public transit

About This Home

As of March 2017

INVESTORS DREAM! Incredible Huge 4 Unit Complex! Super Rental Area! Newer construction for the area. Front Owners unit is a big 3 bedroom, 2 bath, master retreat, high ceilings, fireplace, perfect for big family with 3 additional units and 5 garages to help with the mortgage. Lots of additional parking, the other units consist of 2 large 2 bedrooms with 2 bathrooms, high ceilings, fireplace, big balcony, and patios. The 4th unit is a large 1 bedroom, 1 bath, private enclosed front patio. The property has been rejuvenated on the outside and shows pride of owners. The 3 bedroom and 1 bedroom both have been returned to their original condition. New stainless appliances, new laminate flooring, all new base boards & molding, fixtures, window coverings, paint, bathrooms refinished. There is a separate coin operated laundry room. Just blocks to the beach, close to freeways, and public transportation down the street. 3-4 super markets within walking distance.
HURRY WON'T LAST LONG!!

Last Agent to Sell the Property

Bill Boyd

Keller Williams Pacific Estate License #00770747 Listed on: 01/31/2017

Keller Williams Pacific Estate

Last Buyer's Agent

Tony Nafissi

Berkshire Hathaway HomeServices California Properties License #01129463

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,925

Year Built

  • Built in 1978

Lot Details

  • 6,505 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wood Fence
  • Block Wall Fence
  • Redwood Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Garden
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Frame Construction
  • Composition Roof
  • Partial Copper Plumbing
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,360 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Blinds
  • Window Screens
  • Entrance Foyer
  • Living Room with Fireplace
  • Storage
  • Center Hall
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Ceramic Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • Doors are 32 inches wide or more
  • No Interior Steps
  • Entry Slope Less Than 1 Foot
  • Low Pile Carpeting

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 20
  • Assessor Parcel Number 7258022017

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Gardener Expense $1,200
  • Insurance Expense $2,322
  • Trash Expense $828
  • Water Sewer Expense $1,656
  • New Taxes Expense $14,987
  • Operating Expense $21,533
  • Gross Income $58,046
  • Net Operating Income $56,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,925

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Other Phone Description: 562-714-2455
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside (ES)
  • View: Yes
  • Water Sewer Expenses: 1656.00
  • Architectural Style: Contemporary, Modern
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7258022017
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), Ceramic Counters, Copper Plumbing Partial, High Ceilings, Laminate Counters, Living Room Balcony, Open Floorplan, Storage, Tile Counters
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 32 Inch Or More Wide Doors, Doors - Swing In, Entry Slope Less Than 1 Foot, Low Pile Carpeting, No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas, Wood Burning
  • Price Per Square Foot: 275.23
  • Room Type: All Bedrooms Down, Center Hall, Foyer, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Blinds, Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter, Slab
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Redwood, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator, Water Heater
  • Heating Type: Forced Air, Natural Gas, Fireplace(s)
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 828.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Level with Street, Lot 6500-9999, Level, Near Public Transit, Sprinkler System, Sprinklers In Front, Utilities - Overhead, Walkstreet
  • Lot Size Sq Ft: 6505.00

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 540.00
  • Garage Income: 225.00
  • Gross Income: 58046.00
  • Gross Operating Income: 78454.00
  • Gross Scheduled Income: 80880.00
  • Insurance Expense: 2322.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 900.00
  • Net Operating Income: 56921.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Operating Expense: 21533.00
  • Rent Control: No
  • Total Actual Rent: 6740.00
  • Total Expenses: 21533.00
  • Vacancy Allowance: 2426
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14987.00
  • Tax Lot: 20
  • Tax Tract Number: LB

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2022
Sold by
Coleman Travis Porter
Bought by
Rdg Holdings Llc
Current Estimated Value
$1,779,494

Purchase Details

Listed on
Jan 31, 2017
Closed on
Feb 9, 2017
Sold by
Genesis Real Estate Group Llc
Bought by
Travis Porter Coleman
Seller's Agent
Bill Boyd
Keller Williams Pacific Estate
Buyer's Agent
Tony Nafissi
Berkshire Hathaway HomeServices California Properties
List Price
$1,199,000
Sold Price
$1,200,000
Premium/Discount to List
$1,000
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$900,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2007
Sold by
Fernando John A
Bought by
Genesis Real Estate Group Llc

Purchase Details

Closed on
Mar 11, 2004
Sold by
Fernando Ann M
Bought by
Fernando Randy D

Purchase Details

Closed on
Apr 21, 2001
Sold by
Gruetzmacher Brenda Berncie
Bought by
Fernando John and Fernando Steve M

Purchase Details

Closed on
May 19, 1999
Sold by
Trust Halden, John F Tr John And Doris Ha
Bought by
Halden John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
6.86%
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
Rdg Holdings Llc -- Accommodation/Courtesy Recordi
Travis Porter Coleman $1,200,000 Orange Coast Title Co
Genesis Real Estate Group Llc -- None Available
Fernando Randy D -- --
Woolgar Loraine L -- --
Fernando Steve M -- --
Fernando John A -- --
Fernando John $680,000 --
Halden John F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Travis Porter Coleman $861,400
Previous Owner Travis Porter Coleman $900,000
Previous Owner Travis Porter Coleman $900,000
Previous Owner Halden John F $283,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2017 03/22/17 Sold $1,200,000 +0.1% $275 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $1,199,000 -- $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 $17,925 $1,392,699 $812,407 $580,292
2024 $17,925 $1,365,392 $796,478 $568,914
2023 $17,626 $1,338,620 $780,861 $557,759
2022 $16,549 $1,312,373 $765,550 $546,823
2021 $16,130 $1,286,641 $750,540 $536,101
2019 $15,898 $1,248,480 $728,280 $520,200
2018 $15,432 $1,224,000 $714,000 $510,000
2016 $10,104 $816,703 $456,393 $360,310
2015 $9,703 $804,436 $449,538 $354,898
2014 $9,645 $788,680 $440,733 $347,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17020749

California Regional Multiple Listing Service (CRMLS)

APN: 7258-022-017