B
Seller's Agent in 2017
Braemon Hanes
Hanes Investment Rlty
820 Petit Ave Ventura, CA 93004
Serra NeighborhoodEstimated Value: $983,000 - $1,436,000
5
Beds
4
Baths
3,365
Sq Ft
$367/Sq Ft
Est. Value
Highlights
- Lawn
- Built-In Features
- Laundry Room
- No HOA
- Living Room
- Landscaped
About This Home
As of October 2017Part of a 10 Unit, 4 property portfolio. Available individually or in combination. The other properties in the portfolio are located at 808 Petit Ave (triplex), 9413 Petit Circle (duplex), and 9422 Petit circle (duplex). Seller to carry first loan at 4.0%, interest only, for 5 years with a 28% down payment. The properties are fully occupied with long term residents at rents substantially below market. There is approximately 49.4% upside in the rents. The two bedroom, two bath units (approximately 1,000-1,050 sq.ft) rent from $1,000 ($1,950 conservative market rent). The three bedroom, two bath units (approximately 1,200 sq.ft.) rent from $1,450, ($2,250 conservative market rent). The portfolio shows and estimated POSITIVE CASH FLOW of $63,840 at market rents – 7.1% CASH ON CASH RETURN AT MARKET. All units have a two car garage plus additional parking, pitched roofs and concrete drives. The duplexes each have a private, enclosed yard and are located on a cul-de-sac. Individually metered for gas and electric. Master metered water. Units have washer & dryer hook ups. Please do not disturb the residents. Interior preview upon accepted offer. THIS IS A PERFECT OPPORTUNITY FOR AN INVESTOR OR OWNER OCCUPIED. Please refer to the attached executive summaries for additional financial details, property information and photographs.
Last Agent to Sell the Property
Braemon Hanes
Hanes Investment Rlty License #01230427 Listed on: 08/07/2017
Last Buyer's Agent
Braemon Hanes
Hanes Investment Rlty License #01230427 Listed on: 08/07/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Block Wall Fence
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Lawn
- Back and Front Yard
- Density is 11-15 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,365 Sq Ft Home
- 1-Story Property
- Built-In Features
- Living Room
Kitchen
- Gas Oven
- Built-In Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Forced Air Heating System
- Natural Gas Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 13
- Tax Tract Number 203100
- Assessor Parcel Number 0870151270
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $393
- Insurance Expense $1,271
- Maintenance Expense $3,179
- Water Sewer Expense $3,030
- New Taxes Expense $9,524
- Operating Expense $17,397
- Gross Income $42,600
- Net Operating Income $24,990
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2017
Closed on
Oct 16, 2017
Sold by
Titus Lois E and Titus James B
Bought by
Sauer Paul and Sauer Sarah
Seller's Agent
Braemon Hanes
Hanes Investment Rlty
Buyer's Agent
Braemon Hanes
Hanes Investment Rlty
List Price
$898,500
Sold Price
$840,000
Premium/Discount to List
-$58,500
-6.51%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,667
Avg. Annual Appreciation
4.69%
Original Mortgage
$2,400,000
Outstanding Balance
$2,002,522
Interest Rate
3.78%
Mortgage Type
Seller Take Back
Estimated Equity
-$767,855
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sauer Paul | $3,000,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sauer Paul | $2,400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2017 10/25/17 | Sold | $840,000 | -6.5% | $250 / Sq Ft |
| 09/29/2017 09/29/17 | Pending | -- | -- | -- |
| 08/07/2017 08/07/17 | For Sale | $898,500 | -- | $267 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $10,276 | $956,172 | $659,939 | $296,233 |
| 2024 | $10,276 | $937,432 | $646,999 | $290,433 |
| 2023 | $10,161 | $919,059 | $634,312 | $284,747 |
| 2022 | $9,441 | $901,047 | $621,875 | $279,172 |
| 2021 | $9,279 | $883,388 | $609,682 | $273,706 |
| 2020 | $9,194 | $874,336 | $603,432 | $270,904 |
| 2019 | $9,027 | $857,200 | $591,600 | $265,600 |
| 2018 | $8,875 | $840,400 | $580,000 | $260,400 |
| 2017 | $1,377 | $118,366 | $34,132 | $84,234 |
| 2016 | $1,355 | $116,054 | $33,463 | $82,591 |
| 2015 | $1,335 | $114,318 | $32,961 | $81,357 |
| 2014 | $1,318 | $112,088 | $32,316 | $79,772 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17182525
APN: 087-0-151-270
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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