NOT LISTED FOR SALE

Estimated Value: $945,000 - $1,256,587

9 Beds
3 Baths
3,030 Sq Ft
$373/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $650,000 $215 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,710/month

7 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Tile Flooring
  • Double Pane Windows
  • Laundry Room
  • 5-minute walk to Vermont Miracle Park

About This Home

As of June 2017

Great investor opportunity! 3 units on over a 9000 sf lot, all 3 units are 3 bed 1 bath with long term renters (minimum 4 yrs) and all are on section-8 rent fee schedules! The 2 back units were built in 2009 and the front house was remodeled around the same time. On-site coin operated laundry, very low maintenance, with parking spaces in its own parking lot with street and alley access. The location is walking distance from surrounding schools, churches, eateries, and 2 blocks from the 110 fwy. The property is functioning as an income maker as designed grossing over $5k monthly.

Last Agent to Sell the Property

Jensen Kierulff

Blue Jay Realty License #01960151 Listed on: 04/25/2017

Last Buyer's Agent

Dennis Mccarthy

Dennis Mccarthy License #00580813

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,449

Year Built

  • Built in 1908

Lot Details

  • 9,301 Sq Ft Lot
  • Lot Dimensions are 50x186
  • Property fronts an alley
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Front Yard

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,030 Sq Ft Home
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Living Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 2383
  • Assessor Parcel Number 6032002009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $100
  • Gardener Expense $600
  • Insurance Expense $770
  • Trash Expense $300
  • Water Sewer Expense $2,064
  • New Taxes Expense $8,100
  • Operating Expense $11,934
  • Gross Income $61,188
  • Net Operating Income $53,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,449

Year Built

Built in 1908

Lot Details

0

Listing Details

  • CapRate: 8.30
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Water Sewer Expenses: 2064.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6032002009
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 214.52
  • Room Type: Laundry, Living Room
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, Stackable, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999, Paved, Yard
  • Lot Size: 50x186
  • Lot Size Sq Ft: 9301.00
  • Lot Size Acres: 0.2135

Multi Family

  • Average3 Bed Area: 1000 Square Feet
  • Electric Expense: 100.00
  • Gross Income: 61188.00
  • Gross Scheduled Income: 61188.00
  • Insurance Expense: 770.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 960.00
  • Lot Size Area: 9301.0000 Square Feet
  • Net Operating Income: 53088.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 8100.00
  • Rent Control: Yes
  • Total Expenses: 11934.00

Tax Info

  • New Taxes Expense: 8100.00
  • Tax Census Tract: 2383.10
  • Tax Lot: 23
  • Tax Tract Number: 2383.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
May 8, 2017
Sold by
Horvath Michael J
Bought by
Mccarthy Dennis and Krasney Mccarthy Karen
Seller's Agent
Jensen Kierulff
Blue Jay Realty
Buyer's Agent
Dennis Mccarthy
Dennis Mccarthy
List Price
$638,900
Sold Price
$650,000
Premium/Discount to List
$11,100
1.74%
Current Estimated Value
$1,129,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,397
Avg. Annual Appreciation
6.81%
Original Mortgage
$455,000
Outstanding Balance
$377,555
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$751,842

Purchase Details

Closed on
Jan 30, 2015
Sold by
Horvath Michael J and Horvath Michael J
Bought by
Horvath Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2011
Sold by
Horvath Michael J and Horvath Michael
Bought by
Horvath Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2010
Sold by
Pena Neri
Bought by
Horvath Michael and Mjh Development

Purchase Details

Closed on
Mar 3, 2009
Sold by
Pena Neri
Bought by
Pena Neri and Centes Martha

Purchase Details

Closed on
Dec 23, 1997
Sold by
Pena Neri and Huerta Luis
Bought by
Pena Neri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.16%

Purchase Details

Closed on
Mar 30, 1995
Sold by
Kao Yu Hsio
Bought by
Pena Neri and Huerta Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,642
Interest Rate
8.81%
Mortgage Type
FHA
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
Mccarthy Dennis $650,000 Orange Coast Title Co
Horvath Michael J -- First American Title Company
Horvath Michael J -- Lawyers Title Sd
Horvath Michael $170,956 None Available
Pena Neri -- None Available
Pena Neri -- --
Pena Neri $100,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Dennis $455,000
Previous Owner Horvath Michael J $297,500
Previous Owner Horvath Michael J $202,000
Previous Owner Pena Neri $100,000
Previous Owner Pena Neri $99,642
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2017 06/16/17 Sold $650,000 +1.7% $215 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $638,900 -- $211 / 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 $9,449 $754,374 $522,260 $232,114
2024 $9,449 $739,583 $512,020 $227,563
2023 $9,276 $725,082 $501,981 $223,101
2022 $8,862 $710,866 $492,139 $218,727
2021 $8,742 $696,929 $482,490 $214,439
2020 $8,826 $689,784 $477,543 $212,241
2019 $8,489 $676,260 $468,180 $208,080
2018 $8,275 $663,000 $459,000 $204,000
2016 $3,068 $232,252 $185,368 $46,884
2015 $3,027 $228,764 $182,584 $46,180
2014 $3,053 $224,284 $179,008 $45,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW17088896

California Regional Multiple Listing Service (CRMLS)

APN: 6032-002-009