NOT LISTED FOR SALE

Estimated Value: $1,023,981 - $1,149,000

2 Beds
2 Baths
1,916 Sq Ft
$567/Sq Ft Est. Value

Last Sold June 08, 2015

Last sale price $599,900 $313 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,568/month

5 Days on Market

Highlights

  • Private Yard
  • Double Oven
  • Walk-In Closet
  • No HOA
  • 4 Car Direct Access Garage
  • 2-minute walk to Hobert Park

About This Home

As of June 2015

This Duplex is a great investment opportunity with 100% occupancy and long-term tenants. Each unit is a 2 bedroom / 2 bathroom one level plan with large living room and spacious kitchen. Each kitchen features a double oven, range and hood, and dishwasher. Both units have a private 2 car garage with washer and dryer hook-ups. Unit 9406 features laminate flooring and a private backyard with extra-long driveway. Unit 9402 features direct access to the two car garage and private driveway. The property is conveniently located near parks, schools, shopping and more!

Last Agent to Sell the Property

Steven Bullock

Bullock Russell RE Services License #01486410 Listed on: 05/04/2015

Bullock Russell RE Services

Co-Listed By

Flo Bullock

Bullock Russell RE Services License #01343119

Last Buyer's Agent

William Gray

Ventura Realty & Homes, Inc License #01102927

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,764

Year Built

  • Built in 1968

Lot Details

  • 7,085 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,916 Sq Ft Home
  • 1-Story Property
  • Brick Wall or Ceiling
  • Ceiling Fan
  • Living Room

Kitchen

  • Double Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, exterior maintenance, gas
  • Tax Lot 1
  • Tax Tract Number 1979
  • Assessor Parcel Number 0880194015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $573
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,525
  • Gross Income $2,900
  • Net Operating Income $26,502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,764

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.41
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 0880194015
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Brick Walls, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 313.10
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Walk-In Closet

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage, Garage - Two Door
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Range
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 7085.00
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Electricity, Exterior Maintenance, Gas

Multi Family

  • Average2 Bed Area: 958
  • Gross Income: 2900.00
  • Gross Multiplier: 17.23
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 573.00
  • Lot Size Area: 7085.0000 Square Feet
  • Net Operating Income: 26502.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8298.00
  • Operating Expense Percent: 23.80
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6525.00
  • Tax Lot: 1
  • Tax Tract Number: 1979
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2015
Closed on
May 15, 2015
Sold by
Reiher Jason Lawrence and Reiher John Edward
Bought by
The Harbison Family and Harbison Mary Lou
Seller's Agent
Steven Bullock
Bullock Russell RE Services
Buyer's Agent
William Gray
Ventura Realty & Homes, Inc
List Price
$599,900
Sold Price
$599,900
Current Estimated Value
$1,086,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,845
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Sep 12, 2005
Sold by
Reiher Edward W and Reiher Virginia K
Bought by
Reiher Edward Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 19, 2004
Sold by
Reiher Edward Walter
Bought by
Reiher Edward Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,701
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2004
Sold by
Reiher Edward Walter
Bought by
Reiher Edward Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,701
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2002
Sold by
Reiher Edward W and Reiher Virginia K
Bought by
The Edward W Reiher Living Trust and Reiher Edward Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.29%

Purchase Details

Closed on
Dec 30, 1999
Sold by
Reiher Edward W
Bought by
The Edward W Reiher Living Trust and Reiher Edward Walter

Purchase Details

Closed on
Nov 12, 1998
Sold by
Reiher Edward W and Reiher Virginia K
Bought by
Reiher Edward W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,300
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1995
Sold by
Reiher Virginia Karen
Bought by
Reiher Edward Walter
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
The Harbison Family $600,000 California Title Company
Reiher Edward Walter -- Fidelity National Title Co
Reiher Edward W -- Fidelity National Title Co
Reiher Edward Walter -- Fidelity National Title Comp
Reiher Edward Walter -- Fidelity National Title Co
The Edward W Reiher Living Trust -- Fidelity National Title Co
Reiher Edward W -- Fidelity National Title Co
The Edward W Reiher Living Trust -- --
Reiher Edward W -- American Title Co
Reiher Edward Walter -- American Title Co
Reiher Virginia Karen -- American Title Co
Reiher Edward Walter -- American Title Co
Reiher Edward Walter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiher Edward W $452,000
Previous Owner Reiher Edward Walter $66,000
Previous Owner Reiher Edward Walter $333,701
Previous Owner Reiher Edward W $300,000
Previous Owner The Edward W Reiher Living Trust $50,000
Previous Owner Reiher Edward Walter $157,300
Previous Owner Reiher Edward Walter $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Sold $599,900 0.0% $313 / Sq Ft
05/09/2015 05/09/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $599,900 -- $313 / 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 $7,764 $720,979 $552,847 $168,132
2024 $7,764 $706,843 $542,007 $164,836
2023 $7,677 $692,984 $531,380 $161,604
2022 $7,134 $679,397 $520,961 $158,436
2021 $7,012 $666,076 $510,746 $155,330
2020 $6,948 $659,249 $505,510 $153,739
2019 $6,822 $646,324 $495,599 $150,725
2018 $6,707 $633,652 $485,882 $147,770
2017 $6,584 $621,228 $476,355 $144,873
2016 $6,469 $609,048 $467,015 $142,033
2015 $3,439 $318,497 $111,467 $207,030
2014 -- $312,261 $109,285 $202,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15094901

California Regional Multiple Listing Service (CRMLS)

APN: 088-0-194-015