NOT LISTED FOR SALE

Estimated Value: $806,000 - $1,094,000

3 Beds
2 Baths
2,306 Sq Ft
$428/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $609,000 $264 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,862/month

14 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 2-minute walk to Drake Park
  • No HOA
  • 1-Story Property

About This Home

As of March 2018

Welcome to The Willmore City Historic District. Featuring a Craftsman Style Triplex built in 1913. The first unit is a detached two bedroom,
one bath with a one car garage. Original wood floors, crown molding, baseboards and Fireplace. Ornate
detail throughout. The second and third unit Duplex are mirror images of each other and are of Craftsman Design too. Each side includes a one bedroom one bath. Both have original "Murphy" type beds. Crown molding and baseboards with wonderful detail throughout. All units have their own kitchen and vintage fireplaces as well. There is a 1 car garage and 2 additional parking spaces. All three include inside laundries which is an added bonus! This property may be eligible for The Mills Act. Buyer to verify with the city to see if the property qualifies.

Last Agent to Sell the Property

Nanette Walker

North Hills Realty License #01700921 Listed on: 01/31/2018

Last Buyer's Agent

Nancy Walker

eXp Realty of California Inc. License #01404861

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,003

Year Built

  • Built in 1913

Lot Details

  • 5,516 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,306 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 5758
  • Assessor Parcel Number 7271022001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $11,407
  • Gross Income $32,592
  • Net Operating Income $21,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,003

Year Built

Built in 1913

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7271022001
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 264.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5516.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Operating Income: 32592.00
  • Gross Scheduled Income: 33600.00
  • Net Operating Income: 21188.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11407.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 11407.00
  • Vacancy Allowance: 1008
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5758.01
  • Tax Lot: 1
  • Tax Tract Number: 5758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2021
Sold by
Erickson John
Bought by
Erickson John
Current Estimated Value
$985,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$480,128
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$453,943

Purchase Details

Listed on
Jan 31, 2018
Closed on
Apr 5, 2018
Sold by
Suifron Betty Louise and Plotkin Harry Norman
Bought by
Erickson John
Seller's Agent
Nanette Walker
North Hills Realty
Buyer's Agent
Nanette Walker
North Hills Realty
List Price
$575,000
Sold Price
$609,000
Premium/Discount to List
$34,000
5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$456,750
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 21, 2018
Sold by
Suffron Betty L and Suffron Family Trust
Bought by
Erickson John
Seller's Agent
Nanette Walker
North Hills Realty
Buyer's Agent
Nanette Walker
North Hills Realty
List Price
$575,000
Sold Price
$609,000
Premium/Discount to List
$34,000
5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,750
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 1995
Sold by
Plotkin Harry Norman
Bought by
Plotkin Harry Norman and The Harry Norman Plotkin Revoc
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
Erickson John -- Timios Title A Ca Corp
Erickson John -- Accommodation
Erickson John $609,000 Chicago Title Company
Plotkin Harry Norman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erickson John $525,000
Previous Owner Erickson John $456,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $609,000 0.0% $264 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
02/07/2018 02/07/18 Off Market $609,000 -- --
01/31/2018 01/31/18 For Sale $575,000 -- $249 / 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 $6,003 $423,000 $300,000 $123,000
2024 $6,003 $429,000 $305,000 $124,000
2023 $7,472 $547,000 $382,000 $165,000
2022 $6,438 $487,000 $346,000 $141,000
2021 $5,628 $421,000 $300,000 $121,000
2020 $8,217 $633,603 $447,372 $186,231
2019 $8,122 $621,180 $438,600 $182,580
2018 $1,059 $46,273 $28,849 $17,424
2016 $970 $44,479 $27,730 $16,749
2015 $943 $43,812 $27,314 $16,498
2014 $957 $42,954 $26,779 $16,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18023522

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-001