NOT LISTED FOR SALE

Estimated Value: $1,055,000 - $1,286,000

6 Beds
5 Baths
2,684 Sq Ft
$427/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $1,099,000 $409 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,212/month

256 Days on Market

Highlights

  • Property is near a park
  • Bike Trail
  • 3-minute walk to Drake Park
  • Park
  • Rectangular Lot

About This Home

As of July 2023

Located less than a mile from the fun and shops of Rainbow Harbor, this beautiful historic four bedroom two bath craftsman home already features your income producing triplex attached in the back of the lot. Check the value on the big front unit alone - 4BR 2Ba craftsman homes in this area in the past year have all sold between $900-$1m, reaching as high as $1.075 with just another half bath! Then the _median_ price for a triplex is over $929k.. so with both the big front unit and the triplex, this is an amazing value in a quality location. This lot is available to be purchased separately or together with 3 other lots as a portfolio. Now is the rare opportunity to own some of the type of units usually reserved for legacy investors. Or live in this front house and use the triplex income to help make your house payment.

Last Agent to Sell the Property

Maggie Etheridge-Ureno

Martie Etheridge, Broker License #00645855 Listed on: 09/23/2022

Last Buyer's Agent

Armando Macias

K & K Realty Group, Inc. License #01515557

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 4,000 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 2,684 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Property is near a park
  • Urban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 2
  • Assessor Parcel Number 7272016005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,079
  • Pest Control $320
  • Trash Expense $2,000
  • New Taxes Expense $1,369
  • Operating Expense $16,933
  • Gross Income $34,140
  • Net Operating Income $17,207

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: historical
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272016005
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 409.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: No
  • Pest Control Expense: 320.00
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Average2 Bed Area: 656 Square Feet
  • Average Studio Area: 360 Square Feet
  • Gross Income: 34140.00
  • Gross Scheduled Income: 34140.00
  • Insurance Expense: 2079.00
  • Lot Size Area: 4000.0000 Square Feet
  • Net Operating Income: 17207.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16933.00
  • Rent Control: Yes
  • Total Expenses: 16933.00

Tax Info

  • New Taxes Expense: 1369.00
  • Tax Census Tract: 5758.02
  • Tax Lot: 3
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 1995
Sold by
Attwater Robert C and Attwater Robert Charles
Bought by
Attwater Robert C
Current Estimated Value
$1,146,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
9.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Attwater Robert C -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Attwater Robert C $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2023 07/05/23 Sold $1,099,000 0.0% $409 / Sq Ft
05/27/2023 05/27/23 Price Changed $1,099,000 -8.4% $409 / Sq Ft
02/21/2023 02/21/23 Price Changed $1,200,000 -25.0% $447 / Sq Ft
09/23/2022 09/23/22 For Sale $1,600,000 -- $596 / 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 $14,442 $1,120,980 $459,000 $661,980
2024 $14,442 $1,099,000 $450,000 $649,000
2023 $1,494 $56,558 $30,093 $26,465
2022 $1,425 $55,450 $29,503 $25,947
2021 $1,371 $54,364 $28,925 $25,439
2019 $1,352 $52,974 $28,068 $24,906
2018 $1,249 $51,940 $27,518 $24,422
2016 $1,145 $49,713 $26,450 $23,263
2015 $1,114 $48,967 $26,053 $22,914
2014 $1,132 $48,009 $25,543 $22,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22198445

California Regional Multiple Listing Service (CRMLS)

APN: 7272-016-005