NOT LISTED FOR SALE

Estimated Value: $819,000 - $1,314,000

12 Beds
4 Baths
4,000 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $598,000 $150 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,033/month

12 Days on Market

Highlights

  • 62,726 Sq Ft lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2017

4 units that have been rented out long term for many years. Each unit has 3 bedrooms, 1 bath. All units are currently rented out. Three of the units are leased for below market rates, and can be increased. Market rents should be at about $1200 each. There is a large lot for each tenant to have multiple parking spots.

Last Agent to Sell the Property

Sergio Salazar

Vylla Home, Inc. License #01447204 Listed on: 08/30/2017

Last Buyer's Agent

KATHERINE CHANG

Century 21 Masters License #01019703

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 1.44 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Unpaved Parking

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Tax Lot 7
  • Tax Tract Number 404
  • Assessor Parcel Number 163022007

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $1,500
  • New Taxes Expense $1
  • Operating Expense $7,749
  • Gross Income $47,500
  • Net Operating Income $44,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: R-1-10000
  • Property Type: Residential Income
  • Parcel Number: 163022007
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 149.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unpaved, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 62726.00

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Gross Income: 47500.00
  • Gross Scheduled Income: 47500.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 44000.00
  • 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: 3500.00
  • Rent Control: No
  • Total Actual Rent: 3550.00
  • Total Expenses: 7749.00

Tax Info

  • New Taxes Expense: 1.14
  • Tax Census Tract: 404.02
  • Tax Lot: 7
  • Tax Tract Number: 404.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2021
Sold by
Park Taein
Bought by
Park Taein and Taein Park Revocable Trust
Current Estimated Value
$1,037,576

Purchase Details

Closed on
Jun 11, 2021
Sold by
Unlimited Investment Management Inc
Bought by
Park Taein

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$407,502
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$630,074

Purchase Details

Closed on
Dec 6, 2019
Sold by
Park Ho Eun
Bought by
Unlimited Investment Management Inc

Purchase Details

Listed on
Aug 30, 2017
Closed on
Oct 6, 2017
Sold by
Yung Samuel Waikan Lim
Bought by
Park Ho Eun
Seller's Agent
Sergio Salazar
Vylla Home, Inc.
Buyer's Agent
KATHERINE CHANG
Century 21 Masters
List Price
$610,000
Sold Price
$598,000
Premium/Discount to List
-$12,000
-1.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Listed on
Aug 30, 2017
Closed on
Sep 14, 2017
Sold by
Lozano Armando B and Lozano Macaria
Bought by
Park Ho Eun
Seller's Agent
Sergio Salazar
Vylla Home, Inc.
Buyer's Agent
KATHERINE CHANG
Century 21 Masters
List Price
$610,000
Sold Price
$598,000
Premium/Discount to List
-$12,000
-1.97%

Purchase Details

Closed on
Jun 25, 2005
Sold by
Lozano Armando B and Lozano Macaria
Bought by
Lozano Armando B and Lozano Macaria

Purchase Details

Closed on
Oct 8, 2004
Sold by
Campos Pablo S and Campos Anna B
Bought by
Lozano Armando B and Lozano Macaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.69%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Park Taein -- None Available
Park Taein -- Provident Title Company
Park Taein -- Provident Title Company
Unlimited Investment Management Inc -- None Available
Park Ho Eun -- Wfg National Title
Park Ho Eun $598,000 Wfg National Title
Lozano Armando B -- --
Lozano Armando B -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Taein $440,000
Previous Owner Lozano Armando B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2017 10/13/17 Sold $598,000 -2.0% $150 / Sq Ft
08/30/2017 08/30/17 For Sale $610,000 -- $153 / 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 $7,162 $667,076 $312,343 $354,733
2023 $7,162 $641,174 $300,215 $340,959
2022 $7,041 $628,603 $294,329 $334,274
2021 $6,988 $616,278 $288,558 $327,720
2020 $6,926 $609,960 $285,600 $324,360
2019 $7,227 $609,960 $285,600 $324,360
2018 $6,702 $598,000 $280,000 $318,000
2017 $4,307 $377,741 $208,100 $169,641
2016 $4,250 $370,335 $204,020 $166,315
2015 $4,194 $364,774 $200,956 $163,818
2014 $3,910 $357,630 $197,020 $160,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17201479

California Regional Multiple Listing Service (CRMLS)

APN: 163-022-007