NOT LISTED FOR SALE

Estimated Value: $997,933 - $1,146,000

4 Beds
3 Baths
1,499 Sq Ft
$728/Sq Ft Est. Value

Last Sold September 03, 2015

Last sale price $575,000 $384 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,447/month

15 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • 1-Story Property
  • Woodrow Wilson High School Rated A
  • Floor Furnace
  • 4-minute walk to Rose Park

About This Home

As of September 2015

Great Investment Opportunity: Beautiful craftsman style house with 3 homes on one large lot, live in one and rent the others. The front home has 2 bedrooms, one bath with original hardwood floors, with a nice sized kitchen. The rear units are 1 bedroom, 1 bath, and approximately 399 sq ft each.The property sits on a 6,502 square foot lot and extends to the alley with a 1 car garage. All the units are individually sub-metered for both electricity and gas. All units are currently occupied, please do not disturb tenants.

Last Agent to Sell the Property

Rudy Cantoran

KW The Lakes License #01472036 Listed on: 07/01/2015

KW The Lakes

Last Buyer's Agent

Connie Morris

Seven Gables Real Estate License #00932776

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,503 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,499 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 7258021021

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $60
  • Insurance Expense $1,900
  • Water Sewer Expense $70

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 70.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 7258021021
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: One
  • Price Per Square Foot: 383.59
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6503.00
  • Price Per Lot Square Foot: 88.42
  • Lot Size Acres: 0.1490

Multi Family

  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6503.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 6
  • Rent Control: No

Tax Info

  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2016
Sold by
Hernandez Ernie Steven and Hernandez Catherine Joan
Bought by
Hernandez Ernie Steven and Hernandez Catherine Joan
Current Estimated Value
$1,091,483

Purchase Details

Listed on
Jul 1, 2015
Closed on
Sep 11, 2015
Sold by
Hernandez Ernie S and Hernandez Catherine J
Bought by
Hernandez Family 1995 Trust
Seller's Agent
Rudy Cantoran
KW The Lakes
Buyer's Agent
Connie Morris
Seven Gables Real Estate
List Price
$560,000
Sold Price
$575,000
Premium/Discount to List
$15,000
2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$402,500
Outstanding Balance
$315,047
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$776,436

Purchase Details

Listed on
Jul 1, 2015
Closed on
Jul 21, 2015
Sold by
Willis Lula Evelyn and Willis Lula Evelyn
Bought by
Hernandez Ernie S and Hernandez Catherine J
Seller's Agent
Rudy Cantoran
KW The Lakes
Buyer's Agent
Connie Morris
Seven Gables Real Estate
List Price
$560,000
Sold Price
$575,000
Premium/Discount to List
$15,000
2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Outstanding Balance
$315,047
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$776,436

Purchase Details

Closed on
Dec 9, 1999
Sold by
Willis Lula
Bought by
Willis Lula Evelyn and The Lula Evelyn Willis Revocab

Purchase Details

Closed on
Sep 23, 1997
Sold by
Family Trust Reiber Thomas C And Nancy D Trs
Bought by
Willis Lula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
7.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 12, 1994
Sold by
Boyce Maria and Maria Boyce Living Trust
Bought by
Reiber Thomas C and Reiber Nancy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,300
Interest Rate
9.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hernandez Ernie Steven -- None Available
Hernandez Ernie Steven -- None Available
Hernandez Family 1995 Trust -- Accommodation
Hernandez Ernie S $575,000 Lawyers Title
Willis Lula Evelyn -- --
Willis Lula $195,000 United Title Company
Reiber Thomas C $200,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Ernie S $402,500
Previous Owner Willis Lula $165,750
Previous Owner Reiber Thomas C $85,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2015 09/03/15 Sold $575,000 +2.7% $384 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $560,000 -- $374 / 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 $8,939 $680,675 $503,109 $177,566
2024 $8,939 $667,330 $493,245 $174,085
2023 $8,787 $654,246 $483,574 $170,672
2022 $8,255 $641,419 $474,093 $167,326
2021 $8,089 $628,844 $464,798 $164,046
2020 $8,068 $622,397 $460,033 $162,364
2019 $7,974 $610,194 $451,013 $159,181
2018 $7,699 $598,230 $442,170 $156,060
2016 $7,070 $575,000 $425,000 $150,000
2015 $3,220 $259,060 $126,207 $132,853
2014 $3,207 $253,986 $123,735 $130,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15144435

California Regional Multiple Listing Service (CRMLS)

APN: 7258-021-021