NOT LISTED FOR SALE

Estimated Value: $775,000 - $887,000

7 Beds
3 Baths
2,527 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $730,000 $289 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,286/month

35 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 4-minute walk to Jacaranda Park
  • Laundry Room

About This Home

As of August 2021

This fully occupied 3 unit property on a tree-lined residential street features a 3bd 1ba detached house in the front and a 2 story duplex (each unit 2bd 1ba) in the rear of the property. Property was fully renovated in 2013 including copper plumbing, vinyl dual pane windows in front house, new kitchen cabinets and granite countertop in house, new roof on house, and new flooring. Current rent is $5,235/month ($62,820/yr), of which section 8 currently pays $3,046/month ($36,552/yr). All tenants are subsidized and all are current on rent. Tenants pay all utilities except for water/sewer. Low maintenance, drought tolerant landscaping and low flow plumbing fixtures help keep water usage low. Listing agent is owner of the property. Well maintained building and consistent rents that were paid even during covid19 eviction moratoriums. Interior pictures were taken prior to current tenants moving in. Tenants are not yet aware of sale, do not disturb or contact tenants.

Last Agent to Sell the Property

Brian Letourneau

Leto Realty License #01865166 Listed on: 05/17/2021

Last Buyer's Agent

Brian Letourneau

Leto Realty License #01865166 Listed on: 05/17/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,884 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,527 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 8390
  • Assessor Parcel Number 6050019006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,012
  • Water Sewer Expense $1,851
  • New Taxes Expense $1
  • Operating Expense $3,110
  • Gross Income $62,820
  • Net Operating Income $4,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

4,884 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1851.00
  • Zoning: LAR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6050019006
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 288.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4884.00
  • Lot Size Acres: 0.1121

Multi Family

  • Gross Income: 62820.00
  • Gross Scheduled Income: 5235.00
  • Insurance Expense: 1012.00
  • Lot Size Area: 4884.0000 Square Feet
  • Net Operating Income: 4976.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 259.00
  • Rent Control: Yes
  • Total Actual Rent: 5235.00
  • Total Expenses: 3110.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 2407.00
  • Tax Lot: 6
  • Tax Tract Number: 8390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jul 12, 2021
Sold by
Letourneau Brian
Bought by
Chea Nimol
Seller's Agent
Brian Letourneau
Leto Realty
Buyer's Agent
Brian Letourneau
Leto Realty
List Price
$775,000
Sold Price
$730,000
Premium/Discount to List
-$45,000
-5.81%
Current Estimated Value
$841,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,305
Avg. Annual Appreciation
3.23%
Original Mortgage
$547,500
Outstanding Balance
$494,915
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$346,390

Purchase Details

Listed on
Apr 5, 2013
Closed on
Jun 11, 2013
Sold by
Letoumeau Diana
Bought by
Letoumeau Brian
Seller's Agent
TIMOTHY PAI
No Firm Affiliation
Buyer's Agent
Brian Letourneau
Leto Realty
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$215,250
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2013
Sold by
Hrf-Sai 1 Llc
Bought by
Letoumeau Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2012
Sold by
Garcia Sarah
Bought by
Hrf Sai 1 Llc and Hrf Sai Ii Llc

Purchase Details

Closed on
Apr 23, 2012
Sold by
Garcia Sarah
Bought by
Garcia Sarah and Gonzalez Adolfo

Purchase Details

Closed on
Jan 25, 2007
Sold by
Garcia Sarah
Bought by
Kisia Alex

Purchase Details

Closed on
Jul 22, 2005
Sold by
Norwood Clarence E
Bought by
Garcia Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,050
Interest Rate
6.99%
Mortgage Type
Fannie Mae Freddie Mac
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
Chea Nimol $730,000 Ticor Title
Letoumeau Brian -- Fidelity Van Nuys
Letoumeau Brian $310,000 Fidelity Van Nuys
Hrf Sai 1 Llc $216,225 None Available
Garcia Sarah -- None Available
Kisia Alex -- None Available
Garcia Sarah $539,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chea Nimol $547,500
Previous Owner Letoumeau Brian $215,250
Previous Owner Garcia Sarah $512,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2021 08/25/21 Sold $730,000 -2.5% $289 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/18/2021 06/18/21 Price Changed $748,600 -3.4% $296 / Sq Ft
05/17/2021 05/17/21 For Sale $775,000 +142.2% $307 / Sq Ft
06/26/2013 06/26/13 Sold $320,000 -1.5% $127 / Sq Ft View Prior Sale
04/16/2013 04/16/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $325,000 -- $129 / 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 $9,866 $774,681 $530,604 $244,077
2024 $9,866 $759,492 $520,200 $239,292
2023 $9,680 $744,600 $510,000 $234,600
2022 $9,245 $730,000 $500,000 $230,000
2021 $4,857 $352,664 $182,021 $170,643
2020 $4,897 $349,049 $180,155 $168,894
2019 $4,718 $342,206 $176,623 $165,583
2018 $4,651 $335,497 $173,160 $162,337
2016 $4,422 $322,471 $166,437 $156,034
2015 $4,356 $317,628 $163,937 $153,691
2014 $4,378 $311,407 $160,726 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN21105522

California Regional Multiple Listing Service (CRMLS)

APN: 6050-019-006

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