NOT LISTED FOR SALE

9537 Garibaldi Ave Temple City, CA 91780

Estimated Value: $1,416,000 - $1,708,000

5 Beds
4 Baths
2,564 Sq Ft
$616/Sq Ft Est. Value

Last Sold March 27, 2019

Last sale price $1,080,000 $421 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $9,391/month

70 Days on Market

Highlights

  • Property is near park and public transit
  • Corner Lot
  • No HOA
  • Longden Elementary School Rated A-
  • Lawn
  • 3-minute walk to Primrose Park

About This Home

As of March 2019

RARE TWO HOUSES ON 1 CORNER LOT - TEMPLE CITY! First time on market in over 30+ years! We are pleased to present this two unit property which is comprised of 2 Single Family Residences on a large corner lot measuring 11,200+ SqFt. Each residence sits on opposite sides of the lot giving each residence its own private driveway and garage parking. The unit mix consists of a 3 Bedroom / 2 bathroom house and a 2 Bedroom / 2 Bathroom house. Tenants enjoy private entries, laundry hookups, and front and back yards. The subject property is located within the reputable Temple City School District and is just minutes away from Longden Elementary School and Temple City High School.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/19/2018

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/19/2018

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Corner Lot
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,564 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 019
  • Tax Tract Number 19
  • Assessor Parcel Number 5385012019

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,026
  • Maintenance Expense $1,000
  • Other Expense $300
  • Trash Expense $852
  • Water Sewer Expense $990
  • New Taxes Expense $12,250
  • Operating Expense $16,418
  • Gross Income $48,000
  • Net Operating Income $30,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 990.00
  • Zoning: TCR105
  • Property Type: Residential Income
  • Parcel Number: 5385012019
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 421.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 852.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Lawn, Lot 10000-19999 Sqft, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 11293.00
  • Lot Size Acres: 0.2593

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 48000.00
  • Gross Operating Income: 46560.00
  • Gross Scheduled Income: 48000.00
  • Gross Spendable Income: 48000.00
  • Insurance Expense: 1026.00
  • Lot Size Area: 11293.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 30142.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 16418.00
  • Other Expense: 300.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 16418.00

Tax Info

  • New Taxes Expense: 12250.00
  • Tax Census Tract: 4319.00
  • Tax Lot: 019
  • Tax Tract Number: 019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Jan 29, 2019
Sold by
Thornton Donna Marie and Knipscheer Brad
Bought by
Ktl Vincent Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,100,000
Sold Price
$1,080,000
Premium/Discount to List
-$20,000
-1.82%
Current Estimated Value
$1,579,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,856
Avg. Annual Appreciation
5.72%
Original Mortgage
$600,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 6, 2009
Sold by
Bauer Diane
Bought by
Bauer Diane Carol and 2009 Diane Carol Bauer Trust

Purchase Details

Closed on
Sep 16, 1998
Sold by
Knipscheer David L
Bought by
Knipscheer David L and David Knipscheer Trust

Purchase Details

Closed on
Mar 14, 1997
Sold by
Mitchell Michael C and Thomas Leo Knipscheer Trust
Bought by
Knipscheer David L and Bauer Diane

Purchase Details

Closed on
May 15, 1996
Sold by
Knipscheer Family Trust and Michael C
Bought by
Knipscheer David L and Bauer Diane
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
Ktl Vincent Llc $1,080,000 Fidelity National Title Co
Thorton Donna Marie -- Fidelity National Title Co
Bauer Diane Carol -- None Available
Knipscheer David L -- --
Knipscheer David L -- --
Knipscheer David L -- --
Mitchell Michael C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ktl Vincent Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2019 03/27/19 Sold $1,080,000 -1.8% $421 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $1,100,000 0.0% $429 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
12/11/2018 12/11/18 Price Changed $1,100,000 -4.3% $429 / Sq Ft
11/19/2018 11/19/18 For Sale $1,150,000 -- $449 / 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 $14,242 $1,204,754 $843,329 $361,425
2024 $14,242 $1,181,133 $826,794 $354,339
2023 $13,922 $1,157,975 $810,583 $347,392
2022 $13,026 $1,135,271 $794,690 $340,581
2021 $13,271 $1,113,011 $779,108 $333,903
2020 $13,085 $1,101,920 $771,120 $330,800
2019 $2,191 $123,128 $44,375 $78,753
2018 $2,015 $120,721 $43,505 $77,216
2016 $1,911 $115,727 $41,816 $73,911
2015 $1,883 $113,989 $41,188 $72,801
2014 $1,875 $111,757 $40,382 $71,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18283219

California Regional Multiple Listing Service (CRMLS)

APN: 5385-012-019