NOT LISTED FOR SALE

Estimated Value: $905,000 - $1,003,000

4 Beds
3 Baths
1,869 Sq Ft
$519/Sq Ft Est. Value

Last Sold April 16, 2013

Last sale price $450,000 $241 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,653/month

66 Days on Market

About This Home

As of April 2013

This property is Special!! Three units, all free standing, all with yards. The two bedroom unit, in front, has its own private yard with a fence and sprinklers. This unit also has all new windows and recent paint and carpet with beautiful wood floors under the carpet. The larger of the one bedroom units has a private patio with access to the garage, wood floors, inside laundry and yard space shared with the other one bedroom unit. This shared yard area could easily be fenced off to create private yards for all three units. The rents are low, there is great potential for increased income with this property and best of all this is a regular sale!!

Last Agent to Sell the Property

Debby Kelley

Century 21 Cornerstone License #01008302 Listed on: 01/16/2013

Last Buyer's Agent

Emily Ching

Cerritos Investments Inc. License #01341344

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,974

Parking

  • 3 Parking Spaces

Home Design

  • 1,869 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • No Interior Steps
  • 6,974 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 1395
  • Assessor Parcel Number 8141023006

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,570
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $5,625
  • Gross Income $1,937
  • Net Operating Income $16,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

6,974 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 3.66
  • View: No
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8141023006
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 240.77

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6974.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 1937.00
  • Gross Multiplier: 19.36
  • Gross Scheduled Income: 23244.00
  • Insurance Expense: 1570.00
  • Net Operating Income: 16485.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6759.00

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Area: 6845
  • Tax Lot: 15
  • Tax Tract Number: 1395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2013
Closed on
Apr 2, 2013
Sold by
Wittig Mayer Kathryn L and Wittig Keller Rosemarie
Bought by
Chou Yu Tsung
Seller's Agent
Debby Kelley
Century 21 Cornerstone
Buyer's Agent
Emily Ching
Cerritos Investments Inc.
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$970,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,625
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Aug 26, 2005
Sold by
Wittig Erich A
Bought by
Wittig Erich A and The Erich A Wittig Trust

Purchase Details

Closed on
Mar 18, 1997
Sold by
Wittig Erich A and Wittig Alice O
Bought by
Wittig Erich A and Wittig Alice O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chou Yu Tsung $450,000 Orange Coast Title Company
Wittig Erich A -- None Available
Wittig Erich A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2013 04/16/13 Sold $450,000 0.0% $241 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $450,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,218 $554,130 $369,423 $184,707
2024 $7,218 $543,266 $362,180 $181,086
2023 $7,023 $532,615 $355,079 $177,536
2022 $6,852 $522,172 $348,117 $174,055
2021 $6,732 $511,935 $341,292 $170,643
2020 $6,694 $506,987 $337,793 $169,194
2019 $6,608 $497,053 $331,170 $165,883
2018 $6,342 $487,314 $324,677 $162,637
2016 $6,164 $468,104 $312,070 $156,034
2015 $6,062 $461,074 $307,383 $153,691
2014 $5,960 $452,043 $301,362 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P845997

California Regional Multiple Listing Service (CRMLS)

APN: 8141-023-006

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