NOT LISTED FOR SALE

Estimated Value: $821,888 - $935,000

4 Beds
2 Baths
1,590 Sq Ft
$552/Sq Ft Est. Value

Last Sold November 26, 2012

Last sale price $345,000 $217 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $5,112/month

151 Days on Market

Highlights

  • Corner Lot
  • Cottage
  • Ceramic Countertops
  • Warren High School Rated A-
  • 2 Car Direct Access Garage
  • No Heating

About This Home

As of November 2012

CASH FLOW ELIGIBLE. Well kept 2 unit duplex on corner lot for sale. Each unit is its seperate building with private entrances. Each home sits on a seperate street with it's own address. Owner kept up the units and both are well maintained. Seperate meters also. Each unit is a 2 bedroom 1 bath. One unit has a two car garage with alley access. Units will rent between $1300 and $1400.

Last Agent to Sell the Property

Diego Loya

Diego Loya, Broker License #01428662 Listed on: 03/11/2012

Last Buyer's Agent

Michael Berdelis

24 Hour Real Estate License #01234589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,480

Year Built

  • Built in 1959

Lot Details

  • 5,363 Sq Ft Lot
  • Property fronts an alley
  • Corner Lot

Parking

  • 2 Car Direct Access Garage
  • Side Facing Garage

Home Design

  • Cottage
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,590 Sq Ft Home
  • Window Screens

Kitchen

  • Gas Oven or Range
  • Range
  • Ceramic Countertops

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 0.1
  • Tax Tract Number 8898
  • Assessor Parcel Number 6260002079

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $40
  • Insurance Expense $696
  • Trash Expense $40
  • Water Sewer Expense $40
  • New Taxes Expense $3,249
  • Net Operating Income $6,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,480

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 1.82
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 40.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 6260002079
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 216.98
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Direct Garage Access, Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Sewer: Sewer Paid
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5363.00
  • Lot Size Acres: 0.1230

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 21.92
  • Gross Scheduled Income: 15600.00
  • Insurance Expense: 696.00
  • Lot Size Area: 5363.0000 Square Feet
  • Net Operating Income: 6219.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Operating Expense: 6132.00

Tax Info

  • New Taxes Expense: 3249.00
  • Tax Area: 3249
  • Tax Lot: 0.1
  • Tax Tract Number: 8898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2019
Sold by
Reyes Jose Luis and The Jose Luis Reyes Living Tru
Bought by
Reyes Jose Luis
Current Estimated Value
$877,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,250
Outstanding Balance
$471,762
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$406,210

Purchase Details

Closed on
Jun 27, 2019
Sold by
Reyes Jose L
Bought by
Reyes Jose Luis and Jose Luis Reyes Living Trust

Purchase Details

Listed on
Mar 11, 2012
Closed on
Oct 10, 2012
Sold by
Diaz Ernesto S
Bought by
Reyes Jose L
Seller's Agent
Diego Loya
Diego Loya, Broker
Buyer's Agent
Michael Berdelis
24 Hour Real Estate
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$338,751
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 2012
Sold by
Jurado Margie
Bought by
Diaz Ernesto Salvador

Purchase Details

Closed on
Jun 5, 2007
Sold by
Diaz Ernesto S and Diaz Ernesto Salvador
Bought by
Diaz Ernesto Salvador and Ernesto Diaz Living Trust

Purchase Details

Closed on
Apr 4, 2005
Sold by
Diaz Ernesto S and Diaz Ernest S
Bought by
Diaz Ernesto S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
4.59%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 22, 2004
Sold by
Diaz Ernesto S
Bought by
Diaz Ernesto S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2003
Sold by
Marquez Frank T and Marquez Maria C
Bought by
Diaz Ernesto S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,400
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2003
Sold by
Diaz Victoria E
Bought by
Diaz Ernesto S
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
Reyes Jose Luis -- None Available
Reyes Jose Luis -- Solidifi Title & Closing
Reyes Jose Luis -- None Available
Reyes Jose L $345,000 Orange Coast Title Company
Diaz Ernesto S -- Orange Coast Title Company
Diaz Ernesto Salvador -- Orange Coast Title Company
Diaz Ernesto Salvador -- None Available
Diaz Ernesto S -- Ticor Title Orange
Diaz Ernesto S -- First American Title Ins Co
Diaz Ernesto S $312,000 Orange Coast Title
Diaz Ernesto S -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Jose Luis $536,250
Closed Reyes Jose L $338,751
Previous Owner Diaz Ernesto S $423,750
Previous Owner Diaz Ernesto S $300,000
Previous Owner Diaz Ernesto S $296,400
Closed Diaz Ernesto S $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2012 11/26/12 Sold $345,000 -1.4% $217 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
03/11/2012 03/11/12 For Sale $349,900 -- $220 / 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 $5,480 $424,832 $212,416 $212,416
2024 $5,480 $416,502 $208,251 $208,251
2023 $5,409 $408,336 $204,168 $204,168
2022 $5,051 $400,330 $200,165 $200,165
2021 $4,921 $392,482 $196,241 $196,241
2020 $4,836 $388,458 $194,229 $194,229
2019 $4,842 $380,842 $190,421 $190,421
2018 $4,691 $373,376 $186,688 $186,688
2016 $4,452 $358,880 $179,440 $179,440
2015 $4,385 $353,490 $176,745 $176,745
2014 $4,151 $346,566 $173,283 $173,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P815137

California Regional Multiple Listing Service (CRMLS)

APN: 6260-002-079