NOT LISTED FOR SALE

Estimated Value: $720,000 - $760,000

6 Beds
3 Baths
2,744 Sq Ft
$269/Sq Ft Est. Value

Last Sold September 07, 2012

Last sale price $259,000 $94 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $4,440/month

5 Days on Market

About This Home

As of September 2012

This is the perfect Bread and Butter units. Property is in good condition, very low maintenance. There are three 2 bedroom units all occupied. Rents are low due to long term tenants.

Last Agent to Sell the Property

Derrick Coleman

D & D Properties License #01224623 Listed on: 07/28/2012

Last Buyer's Agent

Durga Baumann

Excellence RE Real Estate License #01862125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,025

Year Built

  • Built in 1941

Lot Details

  • 6,052 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 2,744 Sq Ft Home
  • Split Level Home
  • Pre-Cast Concrete Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 116
  • Tax Tract Number 6631
  • Assessor Parcel Number 6042029014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Electric Expense $30
  • Gardener Expense $40
  • Insurance Expense $800
  • Maintenance Expense $400
  • Pest Control $20
  • Trash Expense $20
  • Water Sewer Expense $100
  • New Taxes Expense $3,200
  • Gross Income $31,800
  • Net Operating Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,025

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 9.96
  • View: No
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 6042029014
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Multi/Split
  • Price Per Square Foot: 94.39

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Gas Water Heater
  • Pest Control Expense: 20.00
  • Trash Expense: 20.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6052.00
  • Lot Size Acres: 0.1390

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 800
  • Average3 Bed Area: 800
  • Electric Expense: 30.00
  • Gross Income: 31800.00
  • Gross Multiplier: 8.14
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6052.0000 Square Feet
  • Maintenance Expense: 400.00
  • Net Operating Income: 25800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 6000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3200.00
  • Tax Area: 460
  • Tax Lot: 116
  • Tax Tract Number: 6631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2015
Sold by
Sanchez Jovel O
Bought by
Sanchez Jovel O and The Sanchez Living Trust
Current Estimated Value
$739,389

Purchase Details

Closed on
Jul 2, 2015
Sold by
Sanchez Jovel O
Bought by
Sanchez Jovel O and The Sanchez Living Trust

Purchase Details

Closed on
Mar 6, 2015
Sold by
Sanchez Jovel O and De Sanchez Blanca A
Bought by
Sanchez Jovel O

Purchase Details

Closed on
Nov 20, 2012
Sold by
Sanchez Jovel O
Bought by
Flores Sanchez Jovel O and Flores De Sanchez Blanca Aracely

Purchase Details

Listed on
Jul 28, 2012
Closed on
Sep 28, 2012
Sold by
Desanchez Blanca Aracely Flores
Bought by
Sanchez Jovel O
Seller's Agent
Derrick Coleman
D & D Properties
Buyer's Agent
Durga Baumann
Excellence RE Real Estate
List Price
$259,000
Sold Price
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$217,500
Outstanding Balance
$151,993
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$581,684

Purchase Details

Listed on
Jul 28, 2012
Closed on
Aug 30, 2012
Sold by
Williams Mary E and The Lewis Ruffin & Bernice Ruf
Bought by
Sanchez Jovel O
Seller's Agent
Derrick Coleman
D & D Properties
Buyer's Agent
Durga Baumann
Excellence RE Real Estate
List Price
$259,000
Sold Price
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Outstanding Balance
$151,993
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$581,684

Purchase Details

Closed on
Mar 6, 2009
Sold by
Ruffin Bernice and Mitchell Bernice S
Bought by
Ruffin Lewis and Ruffin Bernice

Purchase Details

Closed on
Aug 28, 2002
Sold by
Ruffin Lewis and Ruffin Bernice
Bought by
Mitchell Bernice S and Ruffin Bernice

Purchase Details

Closed on
Oct 23, 1996
Sold by
Mitchell Bernice S and Ruffin Bernice
Bought by
Ruffin Lewis and Ruffin Bernice

Purchase Details

Closed on
Oct 15, 1994
Sold by
Mitchell Bernice S
Bought by
Ruffin Lewis and Ruffin Bernice
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
Sanchez Jovel O -- None Available
Sanchez Jovel O -- None Available
Sanchez Jovel O -- Coast Title Company
Flores Sanchez Jovel O -- Orange Coast Title Company O
Sanchez Jovel O -- Orange Coast Title Company O
Sanchez Jovel O $290,000 Orange Coast Title Company O
Ruffin Lewis -- None Available
Mitchell Bernice S -- --
Ruffin Lewis -- --
Ruffin Lewis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jovel O $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2012 09/07/12 Sold $259,000 0.0% $94 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
07/28/2012 07/28/12 For Sale $259,000 -- $94 / 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 $5,025 $357,101 $184,707 $172,394
2024 $5,025 $350,100 $181,086 $169,014
2023 $4,936 $343,236 $177,536 $165,700
2022 $4,729 $336,506 $174,055 $162,451
2021 $4,658 $329,909 $170,643 $159,266
2020 $4,695 $326,527 $168,894 $157,633
2019 $4,527 $320,126 $165,583 $154,543
2018 $4,431 $313,850 $162,337 $151,513
2016 $4,210 $301,665 $156,034 $145,631
2015 $4,147 $297,135 $153,691 $143,444
2014 $4,170 $291,316 $150,681 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P830138

California Regional Multiple Listing Service (CRMLS)

APN: 6042-029-014