NOT LISTED FOR SALE

Estimated Value: $994,716 - $1,190,000

5 Beds
3 Baths
2,235 Sq Ft
$485/Sq Ft Est. Value

Last Sold September 16, 2016

Last sale price $1,000,000 $447 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,342/month

63 Days on Market

Highlights

  • City View
  • Traditional Architecture
  • Balcony
  • Deck
  • Granite Countertops
  • 4-minute walk to Bella Vista Park

About This Home

As of September 2016

Excellent income generating triplex in quiet residential Ivy Hills neighborhood near Park Blvd and Lake Merritt shopping, 580 easy access. Each unit has balcony, washer and dryer, attached 1 car garage, updated kitchen and bath. Three story building with two 2 bed 1 bath units and one 1 bed 1 bath unit. Currently, lower 1 bed unit rented for $2150/month, top 2 bed unit is owner occupied. Market rent for 2/1 unit is $2500-$3000/month. Projected income for 3 units with tenants is $7200-$8200.

Last Agent to Sell the Property

Julia Leung

Rosemarie Figueroa, Broker License #01207092 Listed on: 06/02/2016

Rosemarie Figueroa, Broker

Last Buyer's Agent

Julia Leung

Rosemarie Figueroa, Broker License #01207092 Listed on: 06/02/2016

Rosemarie Figueroa, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 4,269 Sq Ft Lot
  • Fenced
  • Lot Sloped Down
  • Grass Covered Lot
  • Back Yard

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • City
  • Garden

Home Design

  • Triplex
  • Traditional Architecture
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,235 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Storage Room
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $33,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,640
  • Utility Expense $960
  • Trash Expense $960
  • Operating Expense $12,050
  • Gross Income $32,868

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

3

Listing Details

  • Zoning: residential
  • Subclass: Triplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2235
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2235
  • Stories: 3
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Tar And Gravel
  • View: City, Garden / Greenbelt
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Low Maintenance
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, Covered Parking, Gate / Door Opener, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Acres: 0.0980
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4277.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4277.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 36.14
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2640
  • Expenses Total: 12050
  • Expenses Utility: 960
  • Expense Trash: 960
  • Income Annual Gross: 32868.00
  • Income Annual Rental: 33200
  • Income Gross Scheduled: 33200
  • Income Includes: Parking, Rents, Storage Area
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Loan - Mortgage, Services - Trash Removal, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Goavec Julien Jacques-Yves and Goavec Shubo
Bought by
Goavec Family Trust and Goavec
Current Estimated Value
$1,084,179

Purchase Details

Listed on
Jun 2, 2016
Closed on
Sep 9, 2016
Sold by
Mojabi Vaheed J and Esguerra Michelle
Bought by
Sieh Philip J and Wang Ling Ru
Seller's Agent
Julia Leung
Rosemarie Figueroa, Broker
Buyer's Agent
Julia Leung
Rosemarie Figueroa, Broker
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Original Mortgage
$700,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2001
Sold by
Hundahl Victor and Hundahl Crystal
Bought by
Mojabi Vaheed John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.92%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Goavec Family Trust -- None Listed On Document
Sieh Philip J $1,000,000 Chicago Title Company
Mojabi Vaheed John $360,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sieh Philip J $700,000
Previous Owner Mojabi Vaheed John $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2016 09/16/16 Sold $1,000,000 -16.7% $447 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $1,200,000 -- $537 / Sq Ft
Source: MLSListings

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 $20,144 $1,200,000 $360,000 $840,000
2024 $20,144 $1,300,000 $390,000 $910,000
2023 $21,197 $1,326,000 $397,800 $928,200
2022 $17,740 $1,093,630 $328,089 $765,541
2021 $16,901 $1,072,190 $321,657 $750,533
2020 $16,713 $1,061,200 $318,360 $742,840
2019 $16,043 $1,040,400 $312,120 $728,280
2018 $15,706 $1,020,000 $306,000 $714,000
2017 $15,079 $1,000,000 $300,000 $700,000
2016 $7,534 $458,218 $137,465 $320,753
2015 $7,490 $451,338 $135,401 $315,937
2014 $7,266 $410,000 $123,000 $287,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81588483

MLSListings

APN: 023-0395-032-00