NOT LISTED FOR SALE

Estimated Value: $743,000 - $908,000

6 Beds
4 Baths
2,248 Sq Ft
$374/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $725,000 $323 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,602/month

9 Days on Market

Highlights

  • Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • No HOA
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of November 2021

Great opportunity to own 3 units income property, This triplex is low maintenance, front house has 4 bedrooms/2 bathrooms built in 1947, back unit has 2 story building, 1 bedroom / 1 bathroom each. Security gate on the front & back yard, wide drive way, plenty of parking space. All units are individually metered for Gas & Electricity. Convenience location to school, church & chopping center. All units are occupied with long-term tenant they are paying on time, selling will delivered with tenants in possession no exception. Drive by only!

Last Agent to Sell the Property

Steven Chang

RE/MAX Galaxy License #01342782 Listed on: 09/08/2021

RE/MAX Galaxy

Last Buyer's Agent

Alfredo Robles

First Family Homes License #01273046

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,795

Year Built

  • Built in 1947

Lot Details

  • 7,367 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Home Design

  • 2,248 Sq Ft Home
  • Spanish Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 13 / 184
  • Tax Tract Number 402501
  • Assessor Parcel Number 8342005013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $910
  • Trash Expense $1,407
  • Water Sewer Expense $1,407
  • New Taxes Expense $7,810
  • Operating Expense $9,149
  • Gross Income $40,800
  • Net Operating Income $31,651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,795

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 239333
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1407.00
  • Zoning: POR310000*
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 8342005013
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 322.51

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1407.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

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: 7367.00
  • Lot Size Acres: 0.1691

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40800.00
  • Gross Operating Income: 31651.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 910.00
  • Lot Size Area: 7367.0000 Square Feet
  • Net Operating Income: 31651.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9149.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 9149.00

Tax Info

  • New Taxes Expense: 7810.00
  • Tax Block: 184
  • Tax Census Tract: 4025.01
  • Tax Lot: 13
  • Tax Tract Number: 402501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Nov 3, 2021
Sold by
Coria Maria D Aguirre
Bought by
Venegas Emilio Vicente
Seller's Agent
Steven Chang
RE/MAX Galaxy
Buyer's Agent
Alfredo Robles
First Family Homes
List Price
$718,000
Sold Price
$725,000
Premium/Discount to List
$7,000
0.97%
Total Days on Market
9
Current Estimated Value
$840,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,830
Avg. Annual Appreciation
3.98%
Original Mortgage
$580,000
Outstanding Balance
$535,163
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$299,322

Purchase Details

Listed on
Sep 8, 2021
Closed on
Sep 27, 2021
Sold by
Achiu1 Llc
Bought by
Aguirre Francisco Javier Duran and Venegas Emilio Vicente
Seller's Agent
Steven Chang
RE/MAX Galaxy
Buyer's Agent
Alfredo Robles
First Family Homes
List Price
$718,000
Sold Price
$725,000
Premium/Discount to List
$7,000
0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Outstanding Balance
$535,163
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$299,322

Purchase Details

Closed on
Dec 16, 2015
Sold by
Chiu Kuang Yi and Chiu Janet Chen Yuan
Bought by
Achiu1 Llc

Purchase Details

Closed on
Nov 12, 2015
Sold by
Chiu Andrew T
Bought by
Chiu Kuang Yi and Chiu Jaet C

Purchase Details

Closed on
Aug 15, 2011
Sold by
W & F Investments Llc
Bought by
Chiu Kuang Yi and Chiu Janet C

Purchase Details

Closed on
Jun 21, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
W & F Investments Llc

Purchase Details

Closed on
Apr 16, 2010
Sold by
Zhao Yong and Mach Nhi V
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
May 31, 2005
Sold by
Qureshl Richard
Bought by
Zhao Yong and Mach Nhi V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2004
Sold by
Corona Paulo and Corona Sherrilyn
Bought by
Qureshi Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2001
Sold by
Corona Paulo and Corona Sherrilyn
Bought by
Corona Paulo and Corona Sherrilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.57%
Source: Public Records

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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
Venegas Emilio Vicente -- Ticor Title
Aguirre Francisco Javier Duran -- Ticor Title
Aguirre Francisco Javier Duran $725,000 Ticor Title
Achiu1 Llc -- None Available
Chiu Kuang Yi -- None Available
Chiu Kuang Yi $325,000 Lawyers Title Company
W & F Investments Llc $200,000 Orange Coast Title Company
Hsbc Bank Usa National Association $225,000 Fidelity Natl Title Ins Co
Zhao Yong $470,000 Landsafe Title
Qureshi Richard $320,000 Fidelity National Title
Corona Paulo -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguirre Francisco Javier Duran $580,000
Previous Owner Zhao Yong $375,000
Previous Owner Qureshi Richard $32,000
Previous Owner Qureshi Richard $256,000
Previous Owner Corona Sherrilyn $70,000
Previous Owner Corona Paulo $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $725,000 +1.0% $323 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $718,000 -- $319 / 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
2024 $10,795 $754,290 $520,200 $234,090
2023 $9,747 $739,500 $510,000 $229,500
2022 $9,595 $725,000 $500,000 $225,000
2021 $5,406 $377,121 $174,055 $203,066
2020 $5,424 $373,255 $172,271 $200,984
2019 $5,538 $365,938 $168,894 $197,044
2018 $5,103 $358,764 $165,583 $193,181
2016 $4,794 $344,835 $159,154 $185,681
2015 $4,755 $339,656 $156,764 $182,892
2014 $4,734 $333,004 $153,694 $179,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21151777

California Regional Multiple Listing Service (CRMLS)

APN: 8342-005-013