NOT LISTED FOR SALE

Estimated Value: $863,000 - $1,004,000

4 Beds
4 Baths
3,126 Sq Ft
$300/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $395,000 $126 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,368/month

35 Days on Market

About This Home

As of March 2015

4-Unit Multifamily Apartment Building. Short sale.

Last Agent to Sell the Property

Justin Graham

Suburban Landmarks, Inc. License #01403858 Listed on: 06/27/2014

Last Buyer's Agent

Tracy Branden

Keller Williams Realty World Class License #01915636

Keller Williams Realty World Class

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 3,126 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 5131022024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,600
  • Insurance Expense $1,460
  • Trash Expense $980
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,928
  • Gross Income $3,550
  • Net Operating Income $28,472

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5131022024
  • Year Built: 1913
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 126.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 980.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 3550.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 1460.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 28472.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 14128.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5928.00
  • Tax Lot: 23
  • Tax Tract Number: C
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2018
Sold by
Zargaryan Raymond
Bought by
Zargaryan Raymond and Raymond Zargaryan Living Trust
Current Estimated Value
$937,000

Purchase Details

Listed on
Jun 27, 2014
Closed on
Jan 30, 2015
Sold by
Sipaque Rosario G
Bought by
Zargaryan Raymond
Seller's Agent
Justin Graham
Suburban Landmarks, Inc.
Buyer's Agent
Tracy Branden
Keller Williams Realty World Class
List Price
$450,000
Sold Price
$395,000
Premium/Discount to List
-$55,000
-12.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%

Purchase Details

Closed on
Dec 11, 2004
Sold by
Sipaque Byron
Bought by
Sipaque Rosario G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2004
Sold by
Fernandez David
Bought by
Sipaque Rosario G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2003
Sold by
Saavedra Eric G
Bought by
Saavedra Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2003
Sold by
Saavedra Gustavo
Bought by
Fernandez David and Fernandez Lidia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2003
Sold by
Saavedra Eric G
Bought by
Saavedra Gustavo

Purchase Details

Closed on
Sep 26, 1997
Sold by
Castro Armando
Bought by
Saavedra Eric G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,113
Interest Rate
7.54%
Mortgage Type
FHA
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
Zargaryan Raymond -- None Available
Zargaryan Raymond $352,000 Title365 Company
Sipaque Rosario G -- Ort
Sipaque Rosario G $400,000 Ort
Saavedra Gustavo -- Ticor Title Co
Fernandez David $255,000 American Title Co
Saavedra Gustavo -- --
Saavedra Eric G $185,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sipaque Rosario G $340,000
Previous Owner Fernandez David $191,250
Previous Owner Saavedra Eric G $180,113
Closed Fernandez David $38,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $395,000 -12.2% $126 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
06/27/2014 06/27/14 For Sale $450,000 -- $144 / 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 $5,504 $423,042 $194,695 $228,347
2024 $5,504 $414,748 $190,878 $223,870
2023 $5,406 $406,617 $187,136 $219,481
2022 $5,167 $398,645 $183,467 $215,178
2021 $5,090 $390,829 $179,870 $210,959
2019 $4,946 $379,578 $174,536 $205,042
2018 $4,857 $372,143 $171,114 $201,029
2016 $4,619 $357,367 $164,470 $192,897
2015 $5,890 $463,916 $214,561 $249,355
2014 $5,933 $454,830 $210,359 $244,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14136989

California Regional Multiple Listing Service (CRMLS)

APN: 5131-022-024