NOT LISTED FOR SALE

Estimated Value: $1,241,000 - $1,537,000

6 Beds
4 Baths
3,044 Sq Ft
$466/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $1,255,000 $412 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,821/month

109 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Longfellow Elementary School Rated A-
  • Park
  • Wood Fence

About This Home

As of February 2023

This Four-Plex is located in a Prime Bixby Knolls location at the edge of Bixby Knolls sharing the alley with prestigious homes on Claiborne Ave. just walking distance to Bixby Knolls Shopping Center, Bixby Knolls Park, Virginia Country Club, trendy shops and restaurants! Two Units-2 Bedroom 1 Bath and Two units-1 Bedroom 1 Bath. There are two two-car garages off the alley. Full bathroom in the garage and a good size laundry room/storage attached to the garage. All units have separate gas meters, electric meters and hot water heaters. Enjoy the gated yard and patio. Good standing long term tenants. Tax Roll shows as 4 Units 5 bedroom 4 bathrooms. Buyer and buyer's agent to investigate all information. Property is the same improvement footprint as when purchased in 1999 by current owners.

Last Agent to Sell the Property

Tim Patterson

Castlegate Realty Group License #00900411 Listed on: 08/19/2022

Last Buyer's Agent

Stephen Lampe

Re/Max Commercial & Investment License #01164364

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 6,544 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,044 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 2 / V
  • Tax Tract Number 9984
  • Assessor Parcel Number 7135024002

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Bixby Knolls Subdivision

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • View: Yes
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7135024002
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 412.29

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Other
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6544.00
  • Lot Size Acres: 0.1502

Multi Family

  • Lot Size Area: 6544.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: V
  • Tax Census Tract: 5719.00
  • Tax Lot: 2
  • Tax Tract Number: 9984

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 1999
Sold by
Hud
Bought by
Patterson Tim
Current Estimated Value
$1,417,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,300
Outstanding Balance
$59,104
Interest Rate
7.86%
Estimated Equity
$1,357,989

Purchase Details

Closed on
Sep 3, 1997
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Oct 1, 1996
Sold by
Palmer Elizabeth and Palmer David S
Bought by
Palmer Kathleen G

Purchase Details

Closed on
Jun 16, 1995
Sold by
Leto Alfonso and Leto Madelyn
Bought by
Palmer Elizabeth and Palmer David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,729
Interest Rate
7.42%
Mortgage Type
FHA
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
Patterson Tim $217,500 United Title Company
Hud -- Benefit Land Title Ins Co
Norwest Mtg Inc $236,594 Benefit Land Title Ins Co
Palmer Kathleen G -- --
Palmer Elizabeth $230,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Tim $195,300
Previous Owner Palmer Elizabeth $221,729
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2023 02/08/23 Sold $1,255,000 -10.3% $412 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
09/26/2022 09/26/22 Price Changed $1,399,000 -6.7% $460 / Sq Ft
09/13/2022 09/13/22 Price Changed $1,500,000 -9.1% $493 / Sq Ft
08/19/2022 08/19/22 For Sale $1,650,000 -- $542 / 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 $16,752 $1,305,702 $624,240 $681,462
2024 $16,752 $1,280,100 $612,000 $668,100
2023 $4,845 $320,698 $192,039 $128,659
2022 $4,569 $314,411 $188,274 $126,137
2021 $4,457 $308,247 $184,583 $123,664
2019 $4,394 $299,106 $179,109 $119,997
2018 $4,205 $293,243 $175,598 $117,645
2016 $3,864 $281,858 $168,780 $113,078
2015 $3,721 $277,625 $166,245 $111,380
2014 $3,717 $272,188 $162,989 $109,199
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22183516

California Regional Multiple Listing Service (CRMLS)

APN: 7135-024-002