NOT LISTED FOR SALE

Estimated Value: $1,008,000 - $1,272,000

8 Beds
7 Baths
3,604 Sq Ft
$315/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $865,000 $240 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,044/month

108 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Double Pane Windows

About This Home

As of February 2021

Great rental income property located in the south central area. Built in 2013, No Rent Control and updated in 2018. It's a DUPLEX property each unit is 4 bed/3 bath, plus a permitted single family (400 sqft. studio) dwelling unit at the back of the garage. Please do not disturb tenants. Excellent investment for a first time buyer or investor. High gross annual income at $84,360 with a 7% cap rate. This property is close to shopping centers and major transits. Kitchen cabinets with Granite counter tops. Recessed lighting. Tile flooring in the kitchen, living room, and bathrooms. Laminate in the bedrooms. Detached 2 car garage plus 3 car spots at the back of the property.

Last Agent to Sell the Property

Sarah Piazza

HomeSmart, Evergreen Realty License #01301300 Listed on: 09/26/2020

HomeSmart, Evergreen Realty

Last Buyer's Agent

Brian Gonzalez

No Firm Affiliation License #02107661

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,826

Year Built

  • Built in 2013

Lot Details

  • 7,153 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Copper Plumbing

Interior Spaces

  • 3,604 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Laminate Flooring

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 62
  • Tax Tract Number 242200
  • Assessor Parcel Number 6048033014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Other Expense $12,000
  • New Taxes Expense $10,167
  • Operating Expense $23,367
  • Gross Income $84,360
  • Net Operating Income $60,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,826

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.00
  • Other Phone Number: 3232299870
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6048033014
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 240.01
  • Room Type: Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows, Insulated Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7153.00
  • Lot Size Acres: 0.1642

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 84360.00
  • Gross Scheduled Income: 84360.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7153.0000 Square Feet
  • Net Operating Income: 60993.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 23367.00
  • Other Expense: 12000.00
  • Other Expense Description: utility
  • Rent Control: No
  • Total Actual Rent: 6650.00
  • Total Expenses: 23367.00

Tax Info

  • New Taxes Expense: 10167.00
  • Tax Census Tract: 2422.00
  • Tax Lot: 62
  • Tax Tract Number: 242200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Jan 13, 2021
Sold by
Hovsepyan Hagop and Klamirian Sam
Bought by
Escalante Fabiola V
Seller's Agent
Sarah Piazza
HomeSmart, Evergreen Realty
Buyer's Agent
Brian Gonzalez
No Firm Affiliation
List Price
$880,000
Sold Price
$865,000
Premium/Discount to List
-$15,000
-1.7%
Current Estimated Value
$1,136,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,987
Avg. Annual Appreciation
6.07%
Original Mortgage
$648,750
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2017
Sold by
Klamirian Linda G
Bought by
Klamirian Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2017
Sold by
Chang Robert
Bought by
Hovsepyan Hagop and Klamirian Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2013
Sold by
Lu Mary
Bought by
Chang Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2013
Sold by
Pm Developments Llc
Bought by
Chang Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2012
Closed on
Oct 25, 2012
Sold by
Sunset Equity Partners Llc
Bought by
Pm Developments Llc
Seller's Agent
Sandra Morales
ROYAL HOMES & LOANS
Buyer's Agent
Sandra Morales
ROYAL HOMES & LOANS
List Price
$148,900
Sold Price
$130,000
Premium/Discount to List
-$18,900
-12.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.40%

Purchase Details

Listed on
May 12, 2012
Closed on
Oct 18, 2012
Sold by
Hostrup Beverly and Estate Of Elizabeth Blackmon
Bought by
Sunset Equity Partners Llc
Seller's Agent
Sandra Morales
ROYAL HOMES & LOANS
Buyer's Agent
Sandra Morales
ROYAL HOMES & LOANS
List Price
$148,900
Sold Price
$130,000
Premium/Discount to List
-$18,900
-12.69%
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
Escalante Fabiola V $865,000 Lawyers Title Company
Klamirian Sam -- Fidelity National Title Co
Hovsepyan Hagop -- Fidelity National Title Co
Hovsepyan Hagop $685,000 Fidelity National Title Co
Chang Robert -- Title 365
Chang Robert $490,000 Title 365
Pm Developments Llc $130,000 Title 365
Sunset Equity Partners Llc $130,000 Title 365
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escalante Fabiola V $727,500
Closed Escalante Fabiola V $648,750
Previous Owner Hovsepyan Hagop $578,000
Previous Owner Hovsepyan Hagop $513,750
Previous Owner Chang Robert $343,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $865,000 +1.9% $240 / Sq Ft
12/04/2020 12/04/20 Price Changed $849,000 -1.8% $236 / Sq Ft
11/20/2020 11/20/20 Price Changed $865,000 -1.7% $240 / Sq Ft
09/26/2020 09/26/20 For Sale $880,000 +576.9% $244 / Sq Ft
11/26/2012 11/26/12 Sold $130,000 -12.7% $157 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $148,900 -- $180 / 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 $11,826 $936,302 $432,972 $503,330
2024 $11,826 $917,944 $424,483 $493,461
2023 $11,604 $899,946 $416,160 $483,786
2022 $11,081 $882,300 $408,000 $474,300
2021 $10,508 $828,857 $321,660 $507,197
2020 $10,607 $820,359 $318,362 $501,997
2019 $10,167 $712,674 $312,120 $400,554
2018 $8,916 $698,700 $306,000 $392,700
2016 $6,544 $507,410 $207,106 $300,304
2015 $6,448 $499,790 $203,996 $295,794
2014 $6,472 $490,000 $200,000 $290,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20202095

California Regional Multiple Listing Service (CRMLS)

APN: 6048-033-014