NOT LISTED FOR SALE

Estimated Value: $1,581,000 - $2,072,000

7 Beds
5 Baths
3,613 Sq Ft
$520/Sq Ft Est. Value

Last Sold August 22, 2018

Last sale price $1,420,000 $393 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,502/month

41 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Rose Park
  • Woodrow Wilson High School Rated A

About This Home

As of August 2018

Beautiful Spanish style 4-plex in the highly desirable Rose Park neighborhood. This property is turnkey with meticulous care and pride of ownership. The property consists of 2 buildings. Front building has 3 bed, 2 bath unit and 2 bed, 1 bath unit. The back building has two 1 bed, 1 bath units with one car garage for each unit. There is a large grassy area between both buildings. Separate meters for gas and electricity. Tenants pay Trash. All 4 units in great condition and rented. Close and easy access to 405, 605, 22 and 710 Freeways. Located just a few miles from CSULB. This is a spectacular opportunity for an investor looking for a turnkey, full rented 4-plex.

Last Agent to Sell the Property

Steve Colvin

Premier Cal Realty, Inc. License #01851955 Listed on: 05/29/2018

Last Buyer's Agent

Noel Meehan

Century 21 Coastal Properties License #01913847

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,502 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • 3,613 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 6
  • Tax Tract Number 5500
  • Assessor Parcel Number 7258012033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,537
  • Water Sewer Expense $1,440
  • New Taxes Expense $15,950
  • Operating Expense $18,927
  • Gross Income $89,400
  • Net Operating Income $79,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7258012033
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 393.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6502.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 89400.00
  • Gross Scheduled Income: 89400.00
  • Insurance Expense: 1537.00
  • Net Operating Income: 79400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 7450.00
  • Total Expenses: 18927.00

Tax Info

  • New Taxes Expense: 15950.00
  • Tax Census Tract: 5769.04
  • Tax Lot: 6
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 13, 2018
Sold by
Delehant Sharon L and Delehant Sharon L
Bought by
Thomas Thomas P P and Thomas Shahin G
Seller's Agent
Steve Colvin
Premier Cal Realty, Inc.
Buyer's Agent
Noel Meehan
Century 21 Coastal Properties
List Price
$1,450,000
Sold Price
$1,420,000
Premium/Discount to List
-$30,000
-2.07%
Current Estimated Value
$1,880,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,433
Avg. Annual Appreciation
3.89%
Original Mortgage
$1,234,912
Outstanding Balance
$1,070,236
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$810,197

Purchase Details

Closed on
May 3, 2012
Sold by
Delehant Sharon L and Murashige Teri A
Bought by
Delehant Sharon L and Murashige Teri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$591,750
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2007
Sold by
Delehant Sharon L and Murashige Teri A
Bought by
Delehant Sharon L and Murashige Teri A

Purchase Details

Closed on
Apr 14, 2006
Sold by
The Ball Family Trust
Bought by
Delehant Sharon L and Murashige Teri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
1%
Mortgage Type
Negative Amortization
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
Thomas Thomas P P $1,420,000 North American Title Company
Delehant Sharon L -- Chicago Title Company
Delehant Sharon L -- Chicago Title Company
Delehant Sharon L -- None Available
Delehant Sharon L $1,150,000 Itc Sb
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Thomas P P $1,234,912
Previous Owner Delehant Sharon L $591,750
Previous Owner Delehant Sharon L $862,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2018 08/22/18 Sold $1,420,000 -2.1% $393 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $1,450,000 -- $401 / 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 $20,145 $1,584,033 $948,189 $635,844
2024 $20,145 $1,552,975 $929,598 $623,377
2023 $19,807 $1,522,525 $911,371 $611,154
2022 $18,587 $1,492,672 $893,501 $599,171
2021 $18,219 $1,463,405 $875,982 $587,423
2019 $17,958 $1,420,000 $850,000 $570,000
2018 $13,072 $1,025,000 $621,400 $403,600
2016 $11,324 $925,000 $560,800 $364,200
2015 $9,622 $800,000 $485,000 $315,000
2014 $9,174 $750,000 $454,700 $295,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18126837

California Regional Multiple Listing Service (CRMLS)

APN: 7258-012-033