NOT LISTED FOR SALE

Estimated Value: $598,000 - $695,000

4 Beds
2 Baths
1,484 Sq Ft
$422/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $569,000 $383 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,457/month

20 Days on Market

About This Home

As of May 2024

Welcome to this charming investment opportunity nestled in a desirable residential area! This property features two well-appointed 2-bedroom/1-bathroom units, each offering comfortable single-story living spaces. The single-story construction adds to the appeal, providing convenience and accessibility for tenants.Residents appreciate the convenience of individual garages, providing secure parking for their vehicles, along with two open-space parking spots per unit for additional parking options. With separately metered gas and electricity, management and billing are streamlined, offering convenience for both landlord and tenants. Each unit also offers washer/dryer hookups adding another amenity for the tenants.Situated on a spacious 6,000+ square foot lot, this property offers ample outdoor space for relaxation and recreation. Whether it's enjoying a morning coffee on the patio or hosting a barbecue with friends, tenants can make the most of the outdoor amenities.For investors seeking versatility, the buyer has the option to purchase this duplex individually for $625,000 or choose to buy both this duplex and the adjacent duplex at a discounted rate. Choosing both units offers a significant 12% discount, with a total purchase price of $1,100,000, providing investors with the opportunity to maximize their investment and increase potential rental income.Whether you're a seasoned investor or exploring your first investment property, this duplex offers tremendous potential and exceptional value.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/26/2024

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/26/2024

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,067

Year Built

  • Built in 1952

Lot Details

  • 6,333 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 1,484 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 17990
  • Assessor Parcel Number 8357004020
  • $511 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $1,912
  • Other Expense $300
  • Trash Expense $1,800
  • Water Sewer Expense $1,662
  • New Taxes Expense $7,322
  • Operating Expense $14,496
  • Gross Income $28,152
  • Net Operating Income $12,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,067

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Deepen Shah
  • Other Phone Number: 6264270798
  • Price Per Unit: 312500
  • Property Attached: Yes
  • Water Sewer Expenses: 1662.00
  • Zoning: POR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8357004020
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 383.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6333.00
  • Lot Size Acres: 0.1454

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 28152.00
  • Gross Operating Income: 27307.00
  • Gross Scheduled Income: 28152.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6333.0000 Square Feet
  • Maintenance Expense: 1912.00
  • Net Operating Income: 12812.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 14496.00
  • Other Expense: 300.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 2346.00
  • Total Expenses: 14496.00
  • Vacancy Allowance: 845

Tax Info

  • New Taxes Expense: 7322.00
  • Tax Census Tract: 4023.01
  • Tax Lot: 6
  • Tax Tract Number: 17990
  • TaxOtherAnnualAssessmentAmount: 511.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 23, 2024
Sold by
Marquez Carol A and Marquez Edward
Bought by
One68 Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$625,000
Sold Price
$569,000
Premium/Discount to List
-$56,000
-8.96%
Views
134
Current Estimated Value
$615,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,296
Avg. Annual Appreciation
8.42%
Original Mortgage
$426,750
Outstanding Balance
$421,759
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$204,717

Purchase Details

Listed on
Mar 26, 2024
Closed on
Apr 17, 2024
Sold by
Marquez Carol A and Marquez Edward
Bought by
One68 Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$625,000
Sold Price
$569,000
Premium/Discount to List
-$56,000
-8.96%
Views
134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,750
Outstanding Balance
$421,759
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$204,717

Purchase Details

Closed on
Oct 11, 2002
Sold by
Liv Marquez Carol A and Liv Joseph A Drobina Revocable
Bought by
Marquez Edward and Marquez Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1993
Sold by
Marquez Carol A and The Joseph A Drobina Revocable
Bought by
Marquez Carol A
Source: Public Records

Range of Values:

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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
One68 Llc $569,000 Fidelity National Title
One68 Llc $569,000 Fidelity National Title
Marquez Edward -- American Title
Marquez Carol A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open One68 Llc $426,750
Closed One68 Llc $426,750
Previous Owner Marquez Edward $117,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $569,000 -9.0% $383 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $625,000 -- $421 / 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 $1,067 $580,380 $357,000 $223,380
2024 $1,067 $46,144 $11,521 $34,623
2023 $1,047 $45,241 $11,296 $33,945
2022 $1,026 $44,355 $11,075 $33,280
2021 $994 $43,486 $10,858 $32,628
2020 $989 $43,041 $10,747 $32,294
2019 $999 $42,198 $10,537 $31,661
2018 $876 $41,372 $10,331 $31,041
2016 $816 $39,768 $9,931 $29,837
2015 $811 $39,171 $9,782 $29,389
2014 $820 $38,405 $9,591 $28,814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24059846

California Regional Multiple Listing Service (CRMLS)

APN: 8357-004-020