NOT LISTED FOR SALE

7462 Jamieson Ave Reseda, CA 91335

Estimated Value: $946,214 - $1,065,000

5 Beds
2 Baths
1,858 Sq Ft
$539/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $615,000 $331 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,050/month

15 Days on Market

About This Home

As of August 2017

Note: All offers due by Monday 7/17/17 at 5PM. We are pleased to present this duplex in Reseda with 2 separate houses with separate entrances on a +/- 10,134 SF lot. Both will be delivered vacant, the front house is 3 bed + 1 bath, and the second house is 2 bed + 1 bath, for a total of +/- 1,858 SF in building size. This property is located on a quiet, tree-lined street, with easy access to transportation, businesses, shops and restaurants. With the large lot over 10,000 SF it has development potential; or it would be an excellent investment at an 8% cap rate / return on investment at market rents with stable, predictable cash flow in an appreciating area; or you can live in one house and rent out the other house. This property has a lot of potential and it will go fast. Submit your offer before it's gone!

Last Agent to Sell the Property

Marcie Hansen

Keller Williams Studio City License #01824108 Listed on: 07/04/2017

Last Buyer's Agent

Marcie Graham

MG Realty Investment, Inc. License #01824108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,699

Year Built

  • Built in 1958

Lot Details

  • 10,134 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 1,858 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2120-029-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,699

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1858
  • Stories: 1
  • Year Built: 1958
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 331.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 224800
  • Assessed Land Value: 290200
  • Assessor Parcel Number: 2120-029-032
  • Geocode Override: No
  • Lot Size Area: 10134

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.78
  • Number Of Units: 2
  • Total Annual Expense: 10847
  • Type Of Units: 2
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2017
Closed on
Jul 27, 2017
Sold by
Singh Swaran
Bought by
Nguyen Hao
Seller's Agent
Marcie Hansen
Keller Williams Studio City
Buyer's Agent
Marcie Hansen
Keller Williams Studio City
List Price
$575,000
Sold Price
$615,000
Premium/Discount to List
$40,000
6.96%
Current Estimated Value
$1,000,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,554
Avg. Annual Appreciation
6.18%
Original Mortgage
$430,500
Outstanding Balance
$359,219
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$641,335

Purchase Details

Closed on
Sep 21, 2012
Sold by
Kaur Jaspreet
Bought by
Singh Swaran

Purchase Details

Closed on
Apr 9, 2004
Sold by
Singh Devinder
Bought by
Kaur Jaspreet

Purchase Details

Closed on
Apr 20, 2001
Sold by
Kaur Sarabjit
Bought by
Singh Devinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,750
Interest Rate
6.92%

Purchase Details

Closed on
Feb 28, 2001
Sold by
Singh Swaran
Bought by
Singh Devinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,750
Interest Rate
6.92%

Purchase Details

Closed on
Apr 2, 1997
Sold by
Virgo Investments Inc
Bought by
Singh Swaran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,584
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 1997
Sold by
Nguyen Long N T and Nguyen Van Nguyen, Cuc
Bought by
Virgo Investments Inc and David Darwish & Barbara Darwish Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nguyen Hao $615,000 Fatco
Singh Swaran -- None Available
Kaur Jaspreet -- --
Singh Devinder -- Lawyers Title Company
Singh Devinder $280,000 Lawyers Title Company
Singh Swaran $161,000 Fidelity National Title Ins
Virgo Investments Inc $112,500 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Hao $430,500
Previous Owner Singh Devinder $232,750
Previous Owner Singh Swaran $159,584
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $615,000 0.0% $331 / Sq Ft
07/18/2017 07/18/17 Price Changed $615,000 +7.0% $331 / Sq Ft
07/04/2017 07/04/17 For Sale $575,000 -- $309 / Sq Ft
Source: The MLS

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 $8,699 $699,759 $419,856 $279,903
2024 $8,699 $686,039 $411,624 $274,415
2023 $8,536 $672,588 $403,553 $269,035
2022 $8,148 $659,401 $395,641 $263,760
2021 $8,046 $646,473 $387,884 $258,589
2020 $8,124 $639,845 $383,907 $255,938
2019 $7,811 $627,300 $376,380 $250,920
2018 $7,672 $615,000 $369,000 $246,000
2016 $6,422 $515,000 $290,200 $224,800
2015 $6,423 $515,000 $290,200 $224,800
2014 $6,274 $490,000 $276,100 $213,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Marcie Hansen

    Keller Williams Studio City

  • M

    Buyer's Agent in 2017

    Marcie Graham

    MG Realty Investment, Inc.

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Map

Source: The MLS

MLS Number: 17-248032

The MLS

APN: 2120-029-032

California Los Angeles County Reseda 91335

7462 Jamieson Ave, Reseda, CA

This home is located at 7462 Jamieson Ave, Reseda, CA 91335 since 04 July 2017 and is currently estimated at $1,000,554, approximately $538 per square foot. This property was built in 1958. 7462 Jamieson Ave is a home located in Los Angeles County with nearby schools including Anatola Avenue Elementary School, Northridge Middle School, and Emelita Street Elementary.

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