$331,000
SOLD JUN 12, 2012
6 Beds
3 Baths
2,772 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

12% Above List Price

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2016

This 4-Plex is fully rented and has recently been renovated. It is in great condition with great tenants. It has tile floors throughout and carpet in the bedrooms. Each unit also has washer & dryer hook-ups. This 4-plex also includes 4 assigned parking spaces and 4 single car garages.

Last Agent to Sell the Property

Richard Gibson

WSR REAL ESTATE License #01856821 Listed on: 04/24/2012

Last Buyer's Agent

Andy Clark

Keller Williams Realty License #01253776

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,409

Year Built

  • Built in 1987

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,772 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Tax Lot 147
  • Tax Tract Number 411
  • Assessor Parcel Number 151171026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $550
  • Trash Expense $1,140
  • Water Sewer Expense $600
  • New Taxes Expense $2,480
  • Gross Income $3,140
  • Net Operating Income $2,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,409

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 9.50
  • Price Per Unit: 73750
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 151171026
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 119.41

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 1140.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 675
  • Electric Expense: 300.00
  • Gross Income: 3140.00
  • Gross Multiplier: 7.83
  • Gross Scheduled Income: 37680.00
  • Gross Spendable Income: 1232.00
  • Insurance Expense: 550.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 2366.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 773.00
  • Rent Control: No
  • Total Actual Rent: 3140.00

Tax Info

  • New Taxes Expense: 2480.00
  • Tax Lot: 147
  • Tax Tract Number: 411
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 4, 2016
Sold by
Alexander David O and Clark Andrew
Bought by
Herrera Juan and Herrera Lucia
Seller's Agent
Dave Clark
Keller Williams Realty
Buyer's Agent
George Saucedo
Re/Max Partners
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Current Estimated Value
$914,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,722
Avg. Annual Appreciation
7.90%
Original Mortgage
$330,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jul 5, 2012
Sold by
Alexander David O and Alexander Susan A
Bought by
Alexander David O and Clark Andrew
Seller's Agent
Richard Gibson
WSR REAL ESTATE
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$295,000
Sold Price
$331,000
Premium/Discount to List
$36,000
12.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%

Purchase Details

Listed on
Apr 24, 2012
Closed on
May 3, 2012
Sold by
Paris David H
Bought by
Alexander David O and Alexander Susan A
Seller's Agent
Richard Gibson
WSR REAL ESTATE
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$295,000
Sold Price
$331,000
Premium/Discount to List
$36,000
12.2%

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
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2010
Sold by
Cowen Nancy S
Bought by
Paris David H

Purchase Details

Closed on
Jun 30, 2009
Sold by
Ochoa Jose J
Bought by
Us Bank National Association

Purchase Details

Closed on
Nov 30, 2005
Sold by
Ochoa Jose J
Bought by
Ochoa Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Ochoa Jose J
Bought by
Ochoa Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2002
Sold by
Espinoza Alejandrina
Bought by
Ochoa Jose J

Purchase Details

Closed on
Nov 22, 2002
Sold by
Ochoa Miriam
Bought by
Ochoa Jose J

Purchase Details

Closed on
Apr 30, 2002
Sold by
Scott Kimberly C
Bought by
Espinoza Alejandrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2001
Sold by
Bankers Trust Company
Bought by
Scott Kimberly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,975
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2001
Sold by
Nixon Fred F and Nixon Claudia F
Bought by
Bankers Trust Company

Purchase Details

Closed on
Nov 22, 1999
Sold by
Walker Rob D
Bought by
Nixon Fred F and Nixon Claudia F

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
7.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 1995
Sold by
Barclaysamerican/Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Nov 14, 1994
Sold by
Dubuque Brad A and Dubuque Monica M
Bought by
Barclaysamerican/Mtg Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $450,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Orange Coast Title Co
Interfamily Deed Transfer -- Orange Coast Title Company
Grant Deed $210,500 Orange Coast Title Company
Trustee Deed $250,000 Accommodation
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- --
Grant Deed $555,000 Fidelity National Title
Grant Deed $210,000 First American Title Ins Co
Trustee Deed $202,131 American Title
Individual Deed $258,000 Investors Title Company
Corporate Deed -- Northern Counties Title
Trustee Deed $81,233 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $330,000 Commercial
Previous Owner $248,250 Commercial
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $400,000 Commercial
Previous Owner $222,000 Commercial
Previous Owner $206,975 FHA
Previous Owner $206,400 Commercial
Closed $25,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2016 04/29/16 Sold $450,000 -10.0% $162 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $499,900 +51.0% $180 / Sq Ft
06/12/2012 06/12/12 Sold $331,000 +12.2% $119 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $295,000 -- $106 / 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 $6,409 $532,701 $147,972 $384,729
2023 $6,409 $512,018 $142,227 $369,791
2022 $5,931 $501,980 $139,439 $362,541
2021 $5,830 $492,138 $136,705 $355,433
2020 $5,737 $487,093 $135,304 $351,789
2019 $5,662 $477,543 $132,651 $344,892
2018 $5,583 $468,180 $130,050 $338,130
2017 $5,480 $459,000 $127,500 $331,500
2016 $4,224 $351,200 $107,162 $244,038
2015 $4,272 $345,926 $105,553 $240,373
2014 $4,148 $339,152 $103,487 $235,665
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12052117

California Regional Multiple Listing Service (CRMLS)

APN: 151-171-026