NOT LISTED FOR SALE

Estimated Value: $429,000 - $531,000

4 Beds
2 Baths
1,835 Sq Ft
$255/Sq Ft Est. Value

Last Sold September 09, 2014

Last sale price $200,000 $109 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,713/month

67 Days on Market

About This Home

As of September 2014

Great Investment opportunity!!! 2 unit investment property with both units tenant occupied. Unit 1 (front) features 2 bedrooms and 1 bath with a bonus room; Unit 2 (back) features 2 bedrooms and 1 bath. Sold As is condition. No repairs or termite will be done.

Last Agent to Sell the Property

SANDRA DAI

THE ASSOCIATES REALTY GROUP License #01765957 Listed on: 07/17/2014

THE ASSOCIATES REALTY GROUP

Last Buyer's Agent

Raul Alejos

M G R REAL ESTATE License #01488335

M G R REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1939

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,835 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care
  • Tax Lot 31
  • Tax Tract Number 2552
  • Assessor Parcel Number 0278262140000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Near a National Forest

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,134
  • Trash Expense $1,092
  • Water Sewer Expense $1,895
  • New Taxes Expense $1,440
  • Gross Income $1,800
  • Net Operating Income $16,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1895.00
  • Property Type: Residential Income
  • Parcel Number: 0278262140000
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 108.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 1092.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Blm/National Forest

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14175.00
  • Lot Size Acres: 0.3250

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1134.00
  • Lot Size Area: 14175.0000 Square Feet
  • Net Operating Income: 16044.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 463.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1440.00
  • Tax Lot: 31
  • Tax Tract Number: 2552
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2019
Sold by
Cerda Joseph and Cerda Katy M
Bought by
Cerda Joseph and Cerda Katy M
Current Estimated Value
$437,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Outstanding Balance
$199,515
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$247,683

Purchase Details

Listed on
Jul 17, 2014
Closed on
Aug 13, 2014
Sold by
Kovattana Amanda and Byers Catherine
Bought by
Cerda Joseph and Rodriguez Katy
Seller's Agent
SANDRA DAI
THE ASSOCIATES REALTY GROUP
Buyer's Agent
Raul Alejos
M G R REAL ESTATE
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$136,500
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2009
Sold by
Richards Anne
Bought by
Kovattana Amanda and Byers Catherine

Purchase Details

Closed on
Sep 11, 2009
Sold by
Franco Gilberto E
Bought by
Richards Ann

Purchase Details

Closed on
Aug 11, 2009
Sold by
Franco 7773 Elm Revocable Trust
Bought by
Franco Gilberto E

Purchase Details

Closed on
Jul 27, 2008
Sold by
Franco Gilberto E
Bought by
Franco 7773 Elm Revocable Trust

Purchase Details

Closed on
Aug 25, 2006
Sold by
Shelton Henry W
Bought by
Franco Gilberto E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,200
Interest Rate
6.43%
Mortgage Type
Stand Alone Second
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
Cerda Joseph -- Orange Coast Title Company
Cerda Joseph $200,000 Fidelity National Title Co
Kovattana Amanda $100,000 None Available
Richards Ann $78,000 Lawyers Title Co
Franco Gilberto E -- Lawyers Title Co
Franco 7773 Elm Revocable Trust -- None Available
Franco Gilberto E $375,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerda Joseph $226,000
Closed Cerda Joseph $136,500
Previous Owner Shelton Henry W $56,200
Previous Owner Franco Gilberto E $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2014 09/09/14 Sold $200,000 -9.1% $109 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $220,000 -- $120 / 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 $3,801 $240,370 $54,083 $186,287
2024 $3,801 $235,657 $53,023 $182,634
2023 $3,728 $231,036 $51,983 $179,053
2022 $3,722 $226,506 $50,964 $175,542
2021 $3,644 $222,065 $49,965 $172,100
2020 $2,949 $219,788 $49,453 $170,335
2019 $2,859 $215,478 $48,483 $166,995
2018 $2,826 $211,253 $47,532 $163,721
2017 $2,741 $207,111 $46,600 $160,511
2016 $2,661 $203,050 $45,686 $157,364
2015 $2,710 $200,000 $45,000 $155,000
2014 $1,446 $105,194 $29,484 $75,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14117552

California Regional Multiple Listing Service (CRMLS)

APN: 0278-262-14