NOT LISTED FOR SALE

Estimated Value: $904,659 - $1,033,000

4 Beds
2 Baths
2,787 Sq Ft
$351/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $435,000 $156 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $6,017/month

62 Days on Market

Highlights

  • Park or Greenbelt View
  • No HOA
  • Laundry Room
  • End Unit
  • Living Room
  • 5-minute walk to Bryant Park

About This Home

As of May 2014

Excellent opportunity to purchase a multi-unit property, where you can live in one and rent the other three units. Centrally located to bus lines, schools, shopping and John Bryant Park directly across the street. Convenient end building, closest to Philbin Avenue, and one of six buildings in the complex, all with the same access to parking and garages. All units have 2 bedrooms and 1 bathroom, inside laundry connections, a single detached garage and an additional parking space. Each unit has own electric and gas meters and water heaters. All units are rented with long term leases. Downstairs units have patios, and upstairs units have balconies. Opportunity knocks!

Last Agent to Sell the Property

Diane West

Carmichael West Realty License #00907483 Listed on: 02/28/2014

Last Buyer's Agent

Darrell West

Carmichael West Realty License #00954070

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,357

Year Built

  • Built in 1987

Lot Details

  • 8,276 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • East Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,787 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room
  • Living Room Balcony
  • Park or Greenbelt Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 151
  • Tax Tract Number 411
  • Assessor Parcel Number 151171030

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,438
  • Gross Income $3,350
  • Net Operating Income $38,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,357

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 112475
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 151171030
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 156.08
  • Room Type: Living Room

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Park/Greenbelt
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage Faces Front, Garage, Off Street, Parking Space, Garage - Single Door, Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 700
  • Gross Income: 3350.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 38040.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2160.00
  • Rent Control: No
  • Total Actual Rent: 3350.00

Tax Info

  • New Taxes Expense: 4438.00
  • Tax Lot: 151
  • Tax Tract Number: 411
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2014
Closed on
Apr 25, 2014
Sold by
Pinkowski Neal and Munoor Ganesh
Bought by
Hong Hui and Zhang Hong
Seller's Agent
Diane West
Carmichael West Realty
Buyer's Agent
Darrell West
Carmichael West Realty
List Price
$449,900
Sold Price
$435,000
Premium/Discount to List
-$14,900
-3.31%
Total Days on Market
62
Current Estimated Value
$977,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,415
Avg. Annual Appreciation
7.55%

Purchase Details

Listed on
Oct 4, 2012
Closed on
Dec 14, 2012
Sold by
Pinkowski Emily
Bought by
Pinkowski Neal
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Jason Goettsche
Goettsche Real Estate
List Price
$399,000
Sold Price
$362,500
Premium/Discount to List
-$36,500
-9.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.12%
Original Mortgage
$248,250
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2012
Sold by
Pinault Robert D and Frattone Paul
Bought by
Pinkowski Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,250
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2008
Sold by
Ib Property Holdings Llc
Bought by
Pinault Robert D and Frattone Paul

Purchase Details

Closed on
Aug 23, 2008
Sold by
Ochoa Isabel S
Bought by
Ib Property Holdings Llc

Purchase Details

Closed on
May 11, 2007
Sold by
Ochoa Isabel S
Bought by
Ochoa Jose J

Purchase Details

Closed on
Feb 6, 2007
Sold by
Aguinaldo Wilson F and Aguinaldo Priscilla
Bought by
Ochoa Mauricio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2007
Sold by
Reliable Properties Llc
Bought by
Ochoa Isabel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2006
Sold by
Wingo William D
Bought by
Reliable Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,100
Interest Rate
11.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2005
Sold by
Wingo Jeannette
Bought by
Wingo William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 28, 2005
Sold by
Green Gary James and Green Sally Muniz
Bought by
Wingo William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 30, 2004
Sold by
Green Gary and Green Sally
Bought by
Green Gary James and Green Sally Muniz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2002
Sold by
Reid Paul E and Reid Kimberly
Bought by
Ramos Manuel and Ramos Elvira

Purchase Details

Closed on
May 11, 2001
Sold by
Bankers Trust Company
Bought by
Tolentino Mario R and Tolentino Marilou A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2001
Sold by
Bank One National Assn
Bought by
Reid Paul E and Reid Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2000
Sold by
Lambrecht Gregory S
Bought by
Bankone National Assn

Purchase Details

Closed on
Sep 17, 1999
Sold by
Walker Rob D
Bought by
Lambrecht Gregory S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 1999
Sold by
Stahl Everett T & Jo Ann Trustees
Bought by
Walker Rob D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,625
Interest Rate
6.98%
Mortgage Type
Commercial
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
Hong Hui $431,000 First American Title Company
Pinkowski Neal -- Stewart Title Of California
Munoor Ganesh -- Stewart Title Of California
Pinkowski Neal $362,500 Stewart Title Of Ca Inc
Pinault Robert D $250,000 Ticor Title Company
Ib Property Holdings Llc $550,000 Lsi Title Company Ca
Ochoa Jose J -- Accommodation
Ochoa Mauricio $700,000 Lawyers Title Co
Ochoa Isabel S $738,000 Lawyers Title Company
Reliable Properties Llc -- None Available
Wingo William D -- None Available
Wingo William D -- North American Title Co
Wingo William D $599,000 North American Title Co
Green Gary James -- Commonwealth Land Title Co S
Green Gary $435,000 Commonwealth Land Title Co S
Ramos Manuel $267,000 Fidelity National Title
Tolentino Mario R $206,000 First American Title Ins Co
Reid Paul E $189,000 First American Title Ins Co
Bankone National Assn $212,873 American Title
Lambrecht Gregory S $258,000 Investors Title Company
Walker Rob D $396,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hong Hui $250,000
Previous Owner Pinkowski Neal $248,250
Previous Owner Ochoa Mauricio $500,000
Previous Owner Ochoa Isabel S $701,100
Previous Owner Wingo William D $479,200
Previous Owner Green Gary $348,000
Previous Owner Tolentino Mario R $154,500
Previous Owner Reid Paul E $170,100
Previous Owner Lambrecht Gregory S $206,400
Previous Owner Walker Rob D $623,625
Closed Lambrecht Gregory S $25,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2014 05/15/14 Sold $435,000 -3.3% $156 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $449,900 +24.1% $161 / Sq Ft
12/27/2012 12/27/12 Sold $362,500 -9.1% --
10/17/2012 10/17/12 Pending -- -- --
10/04/2012 10/04/12 For Sale $399,000 -- --
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
2023 $6,357 $507,820 $164,949 $342,871
2022 $5,883 $497,864 $161,715 $336,149
2021 $5,783 $488,103 $158,545 $329,558
2020 $5,690 $483,099 $156,920 $326,179
2019 $5,616 $473,628 $153,844 $319,784
2018 $5,538 $464,342 $150,829 $313,513
2017 $5,436 $455,238 $147,872 $307,366
2016 $5,346 $446,313 $144,973 $301,340
2015 $5,267 $439,611 $142,797 $296,814
2014 $4,447 $364,144 $124,562 $239,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14043846

California Regional Multiple Listing Service (CRMLS)

APN: 151-171-030