NOT LISTED FOR SALE

Estimated Value: $918,000 - $1,054,000

8 Beds
6 Baths
3,558 Sq Ft
$282/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $989,900 $278 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,294/month

65 Days on Market

Highlights

  • 0.17 Acre Lot
  • 1-Story Property
  • 3-minute walk to Drake Park
  • Front Yard

About This Home

As of August 2024

Quadplex property with 3 separate buildings. Front unit is a detached 3 bedroom 2 bath, middle building is two units, a 1 bedroom 1 bath and a studio unit and the back unit is a detached 4 bedroom 2 bath. Newer exterior paint. Property will not be delivered vacant, tenants are current. Don’t miss your opportunity to add this quadplex to your portfolio.

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties Brokerage Phone: 714-625-7240 License #01440504 Listed on: 05/22/2024

Last Buyer's Agent

Yousuf Salama

CURB License #02174199

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,897

Year Built

  • Built in 1921

Lot Details

  • 7,565 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Quadruplex

Interior Spaces

  • 3,558 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 13 / J
  • Tax Tract Number 5758
  • Assessor Parcel Number 7271022042
  • $932 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Drake Park Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,350
  • Pest Control $260
  • Water Sewer Expense $1,880
  • New Taxes Expense $12,370
  • Operating Expense $19,860
  • Gross Income $79,356
  • Net Operating Income $59,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,897

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Price Per Unit: 247475
  • Property Attached: Yes
  • Subdivision Name Other: Drake Park (DP)
  • Water Sewer Expenses: 1880.00
  • Zoning: LBPD10
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7271022042
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 278.22

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Pest Control Expense: 260.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7565.00
  • Lot Size Acres: 0.1737
  • Latitude Manual: 33.77687500

Multi Family

  • Gross Income: 79356.00
  • Gross Scheduled Income: 79356.00
  • Insurance Expense: 5350.00
  • Lot Size Area: 7565.0000 Square Feet
  • Net Operating Income: 59496.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19860.00
  • Rent Control: No
  • Total Expenses: 19860.00

Tax Info

  • New Taxes Expense: 12370.00
  • Tax Block: J
  • Tax Census Tract: 5758.01
  • Tax Lot: 13
  • Tax Tract Number: 5758
  • TaxOtherAnnualAssessmentAmount: 932.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Sep 13, 2024
Sold by
Salama Omar and Alkuteifani Ayesha
Bought by
Daisy Avenue Llc
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Yousuf Salama
CURB
List Price
$989,900
Sold Price
$989,900
Views
57
Current Estimated Value
$1,003,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,910
Avg. Annual Appreciation
1.36%
Original Mortgage
$692,930
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2024
Closed on
Aug 8, 2024
Sold by
Natural Sequence Llc and Platinum Finance Properties Inc
Bought by
Salama Omar and Alkuteifani Ayesha
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Yousuf Salama
CURB
List Price
$989,900
Sold Price
$989,900
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,930
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2014
Sold by
Platinum Finance Properties Inc
Bought by
Platinum Finance Properties Inc

Purchase Details

Closed on
Jan 8, 2014
Sold by
Blomquist Timothy
Bought by
Platinum Finance Properties Inc and Natural Sequence Llc
Source: Public Records

Range of Values:

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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
Daisy Avenue Llc -- None Listed On Document
Salama Omar $990,000 Wfg Title Insurance
Platinum Finance Properties Inc -- Lawyers Title
Platinum Finance Properties Inc $492,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salama Omar $692,930
Previous Owner Blomquist Timothy $445,200
Previous Owner Blomquist Timothy $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $989,900 0.0% $278 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $989,900 0.0% $278 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $989,900 -- $278 / 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 $9,897 $990,000 $690,000 $300,000
2024 $9,897 $721,084 $504,761 $216,323
2023 $9,728 $706,946 $494,864 $212,082
2022 $9,148 $693,085 $485,161 $207,924
2021 $8,951 $679,497 $475,649 $203,848
2020 $8,927 $672,530 $470,772 $201,758
2019 $8,825 $659,344 $461,542 $197,802
2018 $8,507 $646,417 $452,493 $193,924
2016 $7,819 $621,318 $434,923 $186,395
2015 $7,513 $611,987 $428,391 $183,596
2014 $2,791 $188,060 $100,299 $87,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24104084

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-042