NOT LISTED FOR SALE

Estimated Value: $656,585 - $812,000

4 Beds
2 Baths
860 Sq Ft
$846/Sq Ft Est. Value

Last Sold May 07, 2015

Last sale price $319,000 $371 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,203/month

2 Days on Market

About This Home

As of May 2015

Investment opportunity! Two units, and both are currently tenant occupied. Income stream from day one, with no hassle of looking for new tenants. Both units have large, fenced-in private backyards. Lot is approximately 50'W x 122'D.

Notes: Please do not disturb tenants. Please drive by the property first, and look from the outside, and if interested call agent to set up appointment. Buyer solely responsible to verify dimensions, condition, zoning, licenses, building permits, etc. Principal is RE Licensed and the listing agent.

Last Agent to Sell the Property

Rod Bidgoli

Rod Bidgoli License #01388918 Listed on: 02/19/2015

Last Buyer's Agent

Judith Cardenas

First Buy Realty, Inc. License #01305255

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • 860 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Gas Cooktop
  • Exterior Lighting
  • Urban Location
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 313
  • Assessor Parcel Number 39848408

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • New Taxes Expense $3,300
  • Gross Income $2,500
  • Net Operating Income $25,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • CapRate: 8.03
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 39848408
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 370.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Appliances: Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 25600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3300.00
  • Tax Lot: 14
  • Tax Tract Number: 313

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2015
Closed on
Apr 28, 2015
Sold by
Artin Llc
Bought by
Cardon Maximino
Seller's Agent
Rod Bidgoli
Rod Bidgoli
Buyer's Agent
Judith Cardenas
First Buy Realty, Inc.
List Price
$319,000
Sold Price
$319,000
Current Estimated Value
$727,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,146
Avg. Annual Appreciation
8.05%
Original Mortgage
$239,250
Outstanding Balance
$184,042
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$543,104

Purchase Details

Listed on
Feb 19, 2015
Closed on
Apr 7, 2015
Sold by
Cardon Magarita
Bought by
Cardon Maximino
Seller's Agent
Rod Bidgoli
Rod Bidgoli
Buyer's Agent
Judith Cardenas
First Buy Realty, Inc.
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,250
Outstanding Balance
$184,042
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$543,104

Purchase Details

Closed on
Jan 27, 2011
Sold by
Wells Fargo Bank N A
Bought by
Artin Llc

Purchase Details

Closed on
Oct 29, 2010
Sold by
Lopez Maria L
Bought by
Aguilera Ebed David

Purchase Details

Closed on
Aug 14, 2010
Sold by
Lopez Maria
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 26, 2007
Sold by
Lopez Maria and Lopez Maria L
Bought by
Lopez Maria L

Purchase Details

Closed on
Feb 20, 2006
Sold by
Lopez Maria Luisa
Bought by
Lopez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
8.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 6, 2005
Sold by
Garcia Priciliano and Villegas Victor F
Bought by
Lopez Maria Luiza

Purchase Details

Closed on
Nov 16, 1998
Sold by
Lopez Patricia
Bought by
Garcia Priscilliano and Villegas Victor F

Purchase Details

Closed on
May 10, 1996
Sold by
Garcia Priciliano and Villegas Victor F
Bought by
Lopez Patricia

Purchase Details

Closed on
Dec 20, 1995
Sold by
American Svgs Bank
Bought by
Garcia Prisciliano and Villegas Victor F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,500
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 1994
Sold by
N A Mtg Services Inc
Bought by
American Svgs Bank
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
Cardon Maximino $319,000 First American Title Company
Cardon Maximino -- First American Title Company
Artin Llc $245,000 Fidelity National Title Co
Aguilera Ebed David -- None Available
Wells Fargo Bank Na $217,698 Accommodation
Lopez Maria L -- None Available
Lopez Maria -- Ticor Title Tustin Orange Co
Lopez Maria Luiza -- --
Garcia Priscilliano -- --
Lopez Patricia -- --
Garcia Prisciliano $112,000 Investors Title Company
American Svgs Bank $110,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardon Maximino $239,250
Previous Owner Lopez Maria $310,000
Previous Owner Garcia Prisciliano $111,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2015 05/07/15 Sold $319,000 0.0% $371 / Sq Ft
02/21/2015 02/21/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $319,000 -- $371 / 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 $4,721 $383,383 $360,289 $23,094
2024 $4,721 $375,866 $353,224 $22,642
2023 $4,602 $368,497 $346,298 $22,199
2022 $4,551 $361,272 $339,508 $21,764
2021 $4,447 $354,189 $332,851 $21,338
2020 $4,453 $350,558 $329,438 $21,120
2019 $4,370 $343,685 $322,979 $20,706
2018 $4,208 $336,947 $316,647 $20,300
2017 $4,172 $330,341 $310,439 $19,902
2016 $4,091 $323,864 $304,352 $19,512
2015 $3,390 $261,062 $242,442 $18,620
2014 $3,331 $255,949 $237,693 $18,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15035996

California Regional Multiple Listing Service (CRMLS)

APN: 398-484-08