Xavier Flores
Real Broker
(805) 303-2502
68 Total Sales
1 in Serra
$999,000 Price
9422 Petit Cir Ventura, CA 93004
Serra NeighborhoodEstimated Value: $939,227 - $1,075,000
2
Beds
2
Baths
2,107
Sq Ft
$489/Sq Ft
Est. Value
Highlights
- No HOA
- Living Room
- 4 Car Garage
- Built-In Features
- Forced Air Heating System
- Laundry Facilities
About This Home
As of October 2017Part of a 10 Unit, 4 property portfolio. Available individually or in combination. The other properties in the portfolio are located at 808 Petit Ave (triplex), 820 Petit Ave (triplex), 9413 Petit Circle (duplex). Seller to carry first loan at 4.0%, interest only, for 5 years with a 28% down payment. The properties are fully occupied with long term residents at rents substantially below market. There is approximately 49.4% upside in the rents. The two bedroom, two bath units (approximately 1,000-1,050 sq.ft) rent from $1,000 ($1,950 conservative market rent). The three bedroom, two bath units (approximately 1,200 sq.ft.) rent from $1,450, ($2,250 conservative market rent). The portfolio shows and estimated POSITIVE CASH FLOW of $63,840 at market rents – 7.1% CASH ON CASH RETURN AT MARKET. All units have a two car garage plus additional parking, pitched roofs and concrete drives. The duplexes each have a private, enclosed yard and are located on a cul-de-sac. Individually metered for gas and electric. Master metered water. Units have washer & dryer hook ups. Please do not disturb the residents. Interior preview upon accepted offer. THIS IS A PERFECT OPPORTUNITY FOR AN INVESTOR OR OWNER OCCUPIED. Please refer to the attached executive summaries for additional financial details, property information and photographs.
Last Agent to Sell the Property
Braemon Hanes
Hanes Investment Rlty License #01230427 Listed on: 08/07/2017
Last Buyer's Agent
Braemon Hanes
Hanes Investment Rlty License #01230427 Listed on: 08/07/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 8,100 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Duplex
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,107 Sq Ft Home
- 1-Story Property
- Built-In Features
- Living Room
- Washer and Gas Dryer Hookup
Kitchen
- Gas Oven
- Built-In Range
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Natural Gas Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 3
- Tax Tract Number 203100
- Assessor Parcel Number 0870151170
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $368
- Insurance Expense $1,031
- Maintenance Expense $1,582
- Water Sewer Expense $1,730
- New Taxes Expense $7,404
- Operating Expense $12,115
- Gross Income $31,800
- Net Operating Income $19,526
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Serra, CA
-
Xavier Flores
-
Mercedes Van Pelt
Mercedes Van Pelt
Compass
(323) 310-3789
57 Total Sales
2 in Serra
$1,000,000 Price Range
-
Ken Wallis
Ken Wallis
Epique Realty
(805) 624-3589
53 Total Sales
6 in Serra
$650K - $885K Price Range
-
Rebecca Ellis
Rebecca Ellis
Equity Union
(747) 204-2785
38 Total Sales
1 in Serra
$780,000 Price
-
Patrick Fossati
Patrick Fossati
RE/MAX Gold Coast REALTORS
(805) 702-0241
112 Total Sales
3 in Serra
$665K - $889K Price Range
-
Allison Easley
Allison Easley
RE/MAX Gold Coast
(805) 386-9676
61 Total Sales
5 in Serra
$700K - $967K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2017 10/25/17 | Sold | $660,000 | -5.5% | $313 / Sq Ft |
| 09/29/2017 09/29/17 | Pending | -- | -- | -- |
| 08/07/2017 08/07/17 | For Sale | $698,500 | -- | $332 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,074 | $750,965 | $568,915 | $182,050 |
| 2024 | $8,074 | $736,241 | $557,760 | $178,481 |
| 2023 | $7,984 | $721,805 | $546,823 | $174,982 |
| 2022 | $7,418 | $707,652 | $536,101 | $171,551 |
| 2021 | $7,291 | $693,777 | $525,589 | $168,188 |
| 2020 | $7,224 | $686,664 | $520,200 | $166,464 |
| 2019 | $7,093 | $673,200 | $510,000 | $163,200 |
| 2018 | $6,974 | $660,000 | $500,000 | $160,000 |
| 2017 | $1,065 | $91,027 | $23,766 | $67,261 |
| 2016 | $1,048 | $89,243 | $23,300 | $65,943 |
| 2015 | $1,033 | $87,904 | $22,951 | $64,953 |
| 2014 | $1,020 | $86,184 | $22,502 | $63,682 |
Source: Public Records
Agents Affiliated with this Home
-
BH
Seller's Agent in 2017
Braemon Hanes
Hanes Investment Rlty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17182737
APN: 087-0-151-170
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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