NOT LISTED FOR SALE

Estimated Value: $1,282,000 - $1,887,000

11 Beds
8 Baths
4,580 Sq Ft
$368/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $1,500,000 $328 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,807/month

36 Days on Market

Highlights

  • Fireplace in Kitchen
  • Central Heating and Cooling System
  • Wrought Iron Fence
  • Laundry Room

About This Home

As of November 2021

This property is perfect for any investor looking for a good Cap Rate*** No Rent Control***Built in 2018*** New 4 unit income property.... Good location & easy management *** Drought resistant landscaping, a brand newer electric gate opener, ample parking*** This the perfect buy for someone after low maintenance and high return investment *** Each unit comes equipped with washer dryer hookups, a stove, refrigerator and much more.

Last Agent to Sell the Property

Sunny Kim

New Star Realty & Investment License #01740468 Listed on: 07/15/2021

Last Buyer's Agent

Julie Olsen

Olsen Realty License #01435744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,460

Year Built

  • Built in 2018

Lot Details

  • 6,279 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,580 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2
  • Assessor Parcel Number 6032033004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $1,485
  • New Taxes Expense $16,851
  • Operating Expense $19,536
  • Gross Income $111,600
  • Net Operating Income $92,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,460

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.10
  • Other Phone Description: 9498731380
  • Other Phone Number: 9498731380
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6032033004
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 327.51

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6279.00
  • Lot Size Acres: 0.1441

Multi Family

  • Gross Income: 111600.00
  • Gross Scheduled Income: 111600.00
  • Insurance Expense: 1485.00
  • Lot Size Area: 6279.0000 Square Feet
  • Net Operating Income: 92064.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 19536.00
  • Rent Control: No
  • Total Expenses: 19536.00

Tax Info

  • New Taxes Expense: 16851.00
  • Tax Census Tract: 2383.20
  • Tax Lot: 4
  • Tax Tract: 2
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2025
Sold by
Baek Sydney Hye Jin
Bought by
Lee Ji Hun and Baek Sydney Hye
Current Estimated Value
$1,685,703

Purchase Details

Closed on
Mar 15, 2024
Sold by
Lee Ji Hun
Bought by
Baek Sydney Hye Jin

Purchase Details

Listed on
Jul 15, 2021
Closed on
Nov 5, 2021
Sold by
Song Chae Hoon and Song Booyeon
Bought by
Lee Ji Hun and Baek Sydney Hye
Seller's Agent
Sunny Kim
New Star Realty & Investment
Buyer's Agent
Julie Olsen
Olsen Realty
List Price
$1,549,000
Sold Price
$1,500,000
Premium/Discount to List
-$49,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.15%
Original Mortgage
$1,125,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2018
Sold by
Wide Investment Group Llc
Bought by
Song Chaehoon and Song Bonyeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2018
Sold by
Pereyda Magdalia
Bought by
City Wide Investment Group Llc

Purchase Details

Listed on
Jun 30, 2017
Closed on
Dec 14, 2017
Sold by
Pereyda Juan Daniel
Bought by
Pereyda Magdalia
Seller's Agent
Lidia Alvarez
Sigma Realty
Buyer's Agent
Drew Dunn
Four Brothers Real Estate, Inc.
List Price
$335,000
Sold Price
$330,000
Premium/Discount to List
-$5,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.56%

Purchase Details

Closed on
Sep 26, 2017
Sold by
Ramos Ruby Y
Bought by
City Wide Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2017
Sold by
Pereyda Magdalia
Bought by
Ramos Ruby Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,500
Interest Rate
3.94%

Purchase Details

Closed on
May 22, 2017
Sold by
Ramos Ruby Y
Bought by
Ramos Ruby Y and Pereyda Magdalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,500
Interest Rate
3.94%

Purchase Details

Closed on
Sep 23, 2016
Sold by
Marquez Tose G
Bought by
Ramos Ruby Y

Purchase Details

Closed on
Nov 2, 2006
Sold by
Ramos Humberto
Bought by
Marquez Jose G and Ramos Ruby Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2005
Sold by
Marquez Jose G
Bought by
Ramos Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 13, 2004
Sold by
Ramos Ruby Y Marquez
Bought by
Marquez Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2003
Sold by
Ramos Ruby Y Marquez
Bought by
Marquez Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2003
Sold by
Romero Raul D
Bought by
Marquez Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 1999
Sold by
Romero Raul D
Bought by
Romero Raul D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1995
Sold by
Peterson Elwin L
Bought by
Romero Raul D and Romero Josie O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
10.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lee Ji Hun -- None Listed On Document
Baek Sydney Hye Jin -- Accommodation/Courtesy Recordi
Lee Ji Hun $1,500,000 California Best Title
Song Chaehoon $1,320,000 Provident Title
City Wide Investment Group Llc -- Provident Title Company
Pereyda Magdalia -- None Available
City Wide Investment Group Llc $330,000 Provident Title Company
Ramos Ruby Y -- None Available
Ramos Ruby Y -- None Available
Ramos Ruby Y -- None Available
Ramos Ruby Y -- None Available
Marquez Jose G -- Gateway Title Company Orange
Ramos Humberto $325,000 Gateway Title Company
Marquez Jose G -- Gateway Title Company
Marquez Jose G -- Old Republic Title Company
Marquez Jose G -- Southland Title Corporation
Marquez Jose G $199,000 Southland Title Corporation
Romero Raul D -- First American Title Ins Co
Romero Raul D $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Ji Hun $1,125,000
Previous Owner Song Chaehoon $971,000
Previous Owner Song Chaehoon $975,000
Previous Owner City Wide Investment Group Llc $673,500
Previous Owner Ramos Ruby Y $673,500
Previous Owner Marquez Jose G $352,000
Previous Owner Marquez Jose G $65,000
Previous Owner Ramos Humberto $260,000
Previous Owner Marquez Jose G $233,750
Previous Owner Marquez Jose G $159,200
Previous Owner Romero Raul D $95,000
Previous Owner Romero Raul D $87,500
Closed Romero Raul D $25,000
Closed Marquez Jose G $39,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $1,500,000 -3.2% $328 / Sq Ft
07/15/2021 07/15/21 For Sale $1,549,000 +369.4% $338 / Sq Ft
11/29/2017 11/29/17 Sold $330,000 -1.5% $402 / Sq Ft
11/16/2017 11/16/17 For Sale $335,000 0.0% $409 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/15/2017 09/15/17 Price Changed $335,000 0.0% $409 / Sq Ft
09/15/2017 09/15/17 For Sale $335,000 -4.3% $409 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
08/31/2017 08/31/17 Price Changed $350,000 -6.6% $427 / Sq Ft
07/10/2017 07/10/17 Price Changed $374,900 -1.3% $457 / Sq Ft
06/30/2017 06/30/17 For Sale $380,000 -- $463 / 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 $19,460 $1,591,810 $1,087,206 $504,604
2024 $19,460 $1,560,599 $1,065,889 $494,710
2023 $19,092 $1,530,000 $1,044,990 $485,010
2022 $18,219 $1,500,000 $1,024,500 $475,500
2021 $16,685 $1,360,348 $816,209 $544,139
2020 $16,851 $1,346,400 $807,840 $538,560
2019 $15,891 $1,320,000 $792,000 $528,000
2018 $4,201 $330,000 $230,000 $100,000
2017 $3,750 $293,000 $286,000 $7,000
2016 $3,734 $293,000 $286,000 $7,000
2015 $3,735 $293,000 $286,000 $7,000
2014 $3,826 $293,000 $286,000 $7,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21154870

California Regional Multiple Listing Service (CRMLS)

APN: 6032-033-004