NOT LISTED FOR SALE

Estimated Value: $852,000 - $926,000

3 Beds
2 Baths
1,615 Sq Ft
$551/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $761,000 $471 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,496/month

15 Days on Market

Highlights

  • No Units Above
  • Open Floorplan
  • No HOA
  • All Bedrooms Downstairs
  • Property is near public transit
  • Neighborhood Views

About This Home

As of January 2022

This prime location "DUPLEX" gives you the opportunity to live in your own home and rent one home out for extra income OR have a great investment property with great monthly income! 914 N. Olive Street is a 2 bedroom (approximately 915 sqft.) + 1 bath + private interior laundry! 916 N. Olive Street was just completely renovated w/new kitchen, quartz counters, laminate flooring, interior paint, remodeled bathroom and features 1 bedroom (approximately 700 sqft.) + 1 bath + private interior laundry! There is a 2 car garage that is currently shared between units but can be designated any way you want! This is a great lot w/grass yards in front & back! There's plenty of space for additional parking and/or to create larger enclosed yards and patios for each unit! You will really appreciate having private laundry hookups in each of the properties! 916 N. Olive Street is vacant so you can buy to occupy or take advantage of the high rental demand and prices! PLEASE DO NOT DISTURB THE TENANTS!

Last Agent to Sell the Property

Adam Rodell

RE/MAX Select One License #01238787 Listed on: 10/11/2021

RE/MAX Select One

Last Buyer's Agent

Jennifer Frazier

Arbor Real Estate License #01966652

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,241

Year Built

  • Built in 1952

Lot Details

  • 5,471 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Duplex
  • Ranch Style House
  • Bungalow
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,615 Sq Ft Home
  • Open Floorplan
  • Neighborhood Views

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 530
  • Assessor Parcel Number 03514103
  • $493 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,119
  • Trash Expense $261
  • Water Sewer Expense $782
  • Operating Expense $5,994
  • Gross Income $12,000
  • Net Operating Income $6,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,241

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 375000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: GREAT OPPORTUNITY!!!
  • View: Yes
  • Water Sewer Expenses: 782.00
  • Architectural Style: Bungalow, Ranch
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 03514103
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 471.21
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Parking Space
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 261.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5471.00
  • Lot Size Acres: 0.1256
  • Latitude Manual: 33.84678600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 915 Square Meters
  • Gross Income: 12000.00
  • Gross Operating Income: 12000.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 1119.00
  • Lot Size Area: 5471.0000 Square Feet
  • Net Operating Income: 6006.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5994.00
  • Rent Control: No
  • Total Expenses: 5994.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 530
  • TaxOtherAnnualAssessmentAmount: 492.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 18, 2021
Sold by
Martinez William A
Bought by
Shafiz Family Trust
Seller's Agent
Adam Rodell
RE/MAX Select One
Buyer's Agent
Jennifer Frazier
Arbor Real Estate
List Price
$750,000
Sold Price
$761,000
Premium/Discount to List
$11,000
1.47%
Current Estimated Value
$890,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,529
Avg. Annual Appreciation
4.23%
Original Mortgage
$570,750
Interest Rate
3.11%
Mortgage Type
FHA
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
Shafiz Family Trust $761,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shafiz Family Trust $570,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2022 01/04/22 Sold $761,000 +1.5% $471 / Sq Ft
10/11/2021 10/11/21 For Sale $750,000 -- $464 / 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 $9,241 $807,578 $736,180 $71,398
2024 $9,241 $791,744 $721,745 $69,999
2023 $9,049 $776,220 $707,593 $68,627
2022 $2,884 $214,740 $119,078 $95,662
2021 $2,885 $210,530 $116,743 $93,787
2020 $2,871 $208,372 $115,546 $92,826
2019 $2,794 $204,287 $113,281 $91,006
2018 $2,740 $200,282 $111,060 $89,222
2017 $2,640 $196,355 $108,882 $87,473
2016 $2,630 $192,505 $106,747 $85,758
2015 $2,605 $189,614 $105,144 $84,470
2014 $2,457 $185,900 $103,084 $82,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21220766

California Regional Multiple Listing Service (CRMLS)

APN: 035-141-03