NOT LISTED FOR SALE

Estimated Value: $556,000 - $740,588

4 Beds
2 Baths
1,606 Sq Ft
$400/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $265,000 $165 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $3,955/month

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Central Heating

About This Home

As of November 2014

This two unit investment property with two bedroom and one bath each will be an great investment opportunity for an investor or a buyer looking to live in one and rent out the other. Priced below market and looking for a quick sale. Similar properties are on the market above 300k. Great chance to buy a property with built in equity. Seller has painted the property, put in granite counters, updated the electrical and some newer windows. The property recently passed the city inspection. Don't wait it will go fast!

Last Listed By

Anthony Quintero

Keller Williams Realty-Studio City License #01192373 Listed on: 11/03/2014

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,360

Year Built

  • Built in 1939

Lot Details

  • 6,702 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,606 Sq Ft Home
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 6478
  • Assessor Parcel Number 6071015011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $497
  • Water Sewer Expense $1,644
  • New Taxes Expense $3,248
  • Gross Income $2,075
  • Net Operating Income $19,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,360

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1644.00
  • Property Type: Residential Income
  • Parcel Number: 6071015011
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 165.01
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6702.00
  • Lot Size Acres: 0.1540

Multi Family

  • Gross Income: 2075.00
  • Gross Scheduled Income: 24900.00
  • Insurance Expense: 497.00
  • Lot Size Area: 6702.0000 Square Feet
  • Net Operating Income: 19511.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5389.00
  • Rent Control: Yes
  • Total Actual Rent: 2075.00

Tax Info

  • New Taxes Expense: 3248.00
  • Tax Lot: 11
  • Tax Tract Number: 6478
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2014
Closed on
Nov 4, 2014
Sold by
Quintero Anthony J and Quintero April V
Bought by
Diaz Ruben Hernandez
Seller's Agent
Anthony Quintero
Keller Williams Realty-Studio City
Buyer's Agent
Jesus sandoval
Century 21 Plaza
List Price
$259,900
Sold Price
$265,000
Premium/Discount to List
$5,100
1.96%
Total Days on Market
0
Current Estimated Value
$641,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,647
Avg. Annual Appreciation
8.60%
Original Mortgage
$260,200
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2014
Sold by
Quintero Anthony J and Quintero April V
Bought by
Quintero Anthony J and Quintero April V

Purchase Details

Closed on
Jul 15, 2011
Sold by
Flores Herminio and Flores Paulina
Bought by
Quintero Anthony J and Quintero April V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2004
Sold by
Hernandez Frank and Hernandez Socorro
Bought by
Flores Herminio and Flores Paulina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2003
Sold by
Hernandez Frank
Bought by
Hernandez Frank and Hernandez Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.79%

Purchase Details

Closed on
Aug 3, 2002
Sold by
Hernandez Juan Jose and Hernandez Maria Guadalupe
Bought by
Hernandez Frank

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
Diaz Ruben Hernandez $265,000 Nations Title Company
Quintero Anthony J -- None Available
Quintero Anthony J $130,000 Usa National Title Co
Flores Herminio $305,000 Fidelity National Title Comp
Hernandez Frank -- Fidelity
Hernandez Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Ruben Hernandez $340,000
Closed Diaz Ruben Hernandez $240,000
Closed Diaz Ruben Hernandez $260,200
Previous Owner Quintero Anthony J $75,000
Previous Owner Quintero Anthony J $70,000
Previous Owner Flores Herminio $350,000
Previous Owner Flores Herminio $244,000
Previous Owner Hernandez Frank $132,000
Closed Flores Herminio $61,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2014 11/26/14 Sold $265,000 +2.0% $165 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $259,900 -- $162 / 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
2024 $4,360 $312,237 $188,521 $123,716
2023 $4,282 $306,116 $184,825 $121,291
2022 $4,099 $300,114 $181,201 $118,913
2021 $4,043 $294,231 $177,649 $116,582
2020 $4,077 $291,215 $175,828 $115,387
2019 $3,929 $285,506 $172,381 $113,125
2018 $3,806 $279,908 $169,001 $110,907
2016 $3,625 $269,041 $162,440 $106,601
2015 $3,571 $265,000 $160,000 $105,000
2014 $2,046 $133,201 $71,724 $61,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14211086

California Regional Multiple Listing Service (CRMLS)

APN: 6071-015-011