C
Seller's Agent in 2023
Craig Hunter
Keller Williams Realty
8541 La Homa St Cypress, CA 90630
Estimated Value: $756,000 - $1,287,887
5
Beds
3
Baths
1,984
Sq Ft
$559/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Steve Luther Elementary School Rated A-
- Laundry Room
- 2 Car Garage
About This Home
As of April 2023Great investment opportunity that rarely comes around that often!!!
The property is a duplex that features a front unit being a 2-bedroom 1-bath, and the back unit being a 3-bedroom 2-bath which has just been recently remodeled with new kitchen cabinets, quartz countertops new windows, and a new heating system. Both units have been freshly painted inside and out. Close to Oxford Academy and John F. Kennedy High School which is within walking distance. The units are currently occupied by long-term great tenants
Last Agent to Sell the Property
Craig Hunter
Keller Williams Realty License #02035593 Listed on: 03/23/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,000
Year Built
- Built in 1962
Lot Details
- 6,752 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- 2 Carport Spaces
- Parking Available
Home Design
- Duplex
- Slab Foundation
Interior Spaces
- 1,984 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Laundry in Kitchen
Home Security
- Security Lights
- Carbon Monoxide Detectors
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities, sewer, trash collection, water
- Legal Lot and Block 17 / A
- Tax Tract Number 479
- Assessor Parcel Number 26244305
- $506 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $700
- Operating Expense $4,200
- Gross Income $52,200
- Net Operating Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Apr 13, 2023
Sold by
Blanche Rose Nett Revocable Trust
Bought by
Devendran Balaji and Srinivasan Nirmala
Seller's Agent
Craig Hunter
Keller Williams Realty
Buyer's Agent
Dimuth Wijemanne
CENTURY 21 Affiliated
List Price
$1,249,000
Sold Price
$1,125,000
Premium/Discount to List
-$124,000
-9.93%
Views
175
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,028
Avg. Annual Appreciation
1.48%
Original Mortgage
$900,000
Outstanding Balance
$876,204
Interest Rate
6%
Mortgage Type
Construction
Estimated Equity
$287,364
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Devendran Balaji | $1,125,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Devendran Balaji | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2023 04/28/23 | Sold | $1,125,000 | -9.9% | $567 / Sq Ft |
| 03/23/2023 03/23/23 | For Sale | $1,249,000 | -- | $630 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,000 | $1,170,450 | $1,067,308 | $103,142 |
| 2024 | $13,000 | $1,147,500 | $1,046,380 | $101,120 |
| 2023 | $12,707 | $1,125,000 | $1,033,306 | $91,694 |
| 2022 | $1,215 | $64,841 | $18,437 | $46,404 |
| 2021 | $1,200 | $63,570 | $18,075 | $45,495 |
| 2020 | $1,192 | $62,919 | $17,890 | $45,029 |
| 2019 | $1,171 | $61,686 | $17,539 | $44,147 |
| 2018 | $1,156 | $60,477 | $17,195 | $43,282 |
| 2017 | $1,126 | $59,292 | $16,858 | $42,434 |
| 2016 | $1,115 | $58,130 | $16,528 | $41,602 |
| 2015 | $1,103 | $57,257 | $16,279 | $40,978 |
| 2014 | $1,059 | $56,136 | $15,960 | $40,176 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Dimuth Wijemanne
CENTURY 21 Affiliated
(949) 551-7000
2 in this area
129 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23042197
APN: 262-443-05
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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