NOT LISTED FOR SALE

Estimated Value: $933,314 - $1,050,000

5 Beds
2 Baths
2,101 Sq Ft
$467/Sq Ft Est. Value

Sale Details

Date Sold: September 24, 2020

Last sale price $770,000 $366 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,159 / mo

124 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Ocean View Elementary School Rated A-
  • Central Air

About This Home

As of September 2020

Amazing neighborhood and location!!!! Two units in Michigan Park/Ocean View School area, Two separate houses occupied. Total of five bedrooms and two bathrooms, family room and two dining rooms on property. Brand new $22,000 roof on all units and garages installed in January 2020! Front unit is occupied and has a three bedroom, formal dining room, living room with fireplace. family room and one bathroom home, remodeled kitchen, central air and heat, newer windows and newer bamboo flooring throughout with a two car garage with opener. Second unit is occupied and is a spacious two bedroom with dining room area, spacious kitchen with lots of storage and breakfast counter. Hardwood flooring throughout home with one full bathroom, central air and heat, newer windows and a one car garage with opener. Community laundry room is used by both units includes new washer and older dryer in sales price. Landlord pays water and trash and gardener. Units share large backyard with block wall fencing. Great investment opportunity and current tenants want to stay if possible. Very long term tenants pay great rental amount for each property and always on time. Note some photos are before occupancy and others are as they look at the present time with tenants.

Last Agent to Sell the Property

Julie Potts

Century 21 Cornerstone License #01093527 Listed on: 04/22/2020

Century 21 Cornerstone

Last Buyer's Agent

Seta Chorbajian

Redfin Corporation License #01419425

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,764 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,101 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 31
  • Tax Tract Number 19390
  • Assessor Parcel Number 8143002008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,151
  • Water Sewer Expense $2,760
  • New Taxes Expense $7,342
  • Operating Expense $12,277
  • Gross Income $46,800
  • Net Operating Income $43,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

6,764 Sq Ft Lot

Parking

3

Listing Details

  • Inclusions: Gas Stoves, window coverings, washer and dryer in community laundry room.
  • Property Attached: Yes
  • Water Sewer Expenses: 2760.00
  • Zoning: WHR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8143002008
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 366.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6764.00
  • Lot Size Acres: 0.1553

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Average3 Bed Area: 1150 Square Feet
  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1151.00
  • Lot Size Area: 6764.0000 Square Feet
  • Net Operating Income: 43080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 3720.00
  • Rent Control: No
  • Total Expenses: 12277.00

Tax Info

  • New Taxes Expense: 7341.80
  • Tax Census Tract: 5017.00
  • Tax Lot: 31
  • Tax Tract Number: 19390

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Sep 1, 2020
Sold by
Bought by
Seller's Agent
Julie Potts
Century 21 Cornerstone
Buyer's Agent
Seta Chorbajian
Redfin Corporation
List Price
$789,000
Sold Price
$770,000
Premium/Discount to List
-$19,000
-2.41%
Current Estimated Value
$980,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,329
Avg. Annual Appreciation
4.30%
Original Mortgage
$527,900
Outstanding Balance
$468,476
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$511,853

Purchase Details

Closed on
Apr 1, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 19, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$770,000 Orange Coast Title Company
-- None Available
-- None Available
-- --
-- --
-- --
$465,000 Southland Title Corporation
-- Fidelity National Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $527,900
Previous Owner $68,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/24/2020 09/24/20 Sold $770,000 -0.6% $366 / Sq Ft
08/05/2020 08/05/20 Price Changed $774,900 -1.8% $369 / Sq Ft
04/22/2020 04/22/20 For Sale $789,000 0.0% $376 / Sq Ft
08/27/2013 08/27/13 Rented $1,550 0.0% --
08/27/2013 08/27/13 Under Contract -- -- --
08/08/2013 08/08/13 For Rent $1,550 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,738 $833,470 $500,082 $333,388
2024 $9,928 $817,128 $490,277 $326,851
2023 $9,748 $801,107 $480,664 $320,443
2022 $9,554 $785,400 $471,240 $314,160
2021 $9,405 $770,000 $462,000 $308,000
2020 $7,392 $592,657 $214,120 $378,537
2019 $7,342 $581,037 $209,922 $371,115
2018 $7,051 $569,645 $205,806 $363,839
2016 $6,702 $547,526 $197,815 $349,711
2015 $6,651 $539,303 $194,844 $344,459
2014 $6,552 $528,740 $191,028 $337,712
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20077626

California Regional Multiple Listing Service (CRMLS)

APN: 8143-002-008

Your Personal Tour Guide

Ask me questions while you tour the home.