NOT LISTED FOR SALE

Estimated Value: $936,704 - $1,028,000

8 Beds
4 Baths
2,576 Sq Ft
$384/Sq Ft Est. Value

Last Sold January 11, 2017

Last sale price $700,000 $272 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,225/month

70 Days on Market

About This Home

As of January 2017

Built in , the property consist of two buildings that have four two-bedroom/one-bathroom units with approximately 2,576 square footage of living space. Each unit is separately metered for gas and electric and features individual water heaters. The property has three individual one-car garages as well as one surface parking space. All plumbing has been converted into copper. Potential 46 Percent Upside In Rents.

Last Agent to Sell the Property

Eddy Lopez

Real Estate Broker Services Inc. License #01950514 Listed on: 08/09/2016

Last Buyer's Agent

Barry Gordon

Marcus & Millichap License #00925711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,999

Year Built

  • Built in 1926

Lot Details

  • 4,800 Sq Ft Lot

Interior Spaces

  • 2,576 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5216-021-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,999

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 2576
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 282.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 66493
  • Assessed Land Value: 230186
  • Assessor Parcel Number: 5216-021-013
  • Geocode Override: No
  • Lot Size Area: 4800

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.41
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 16275
  • Type Of Units: 2/1
  • Vacancy Rate: 75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2017
Sold by
Tay Luis and Tay Stella
Bought by
Tay Tiffany W
Current Estimated Value
$989,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,350
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2016
Sold by
Morales Jose
Bought by
Tay Luis and Tay Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 2000
Sold by
Ortega Ramon M and Ortega Family Revocable Living
Bought by
Morales Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,103
Interest Rate
8.15%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tay Tiffany W $600,000 Wfg Title Company
Tay Luis $700,000 North American Title Company
Morales Jose $232,000 First American Title Co
Ortega Ramon M -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tay Tiffany W $427,350
Previous Owner Tay Luis $100,000
Previous Owner Morales Jose $372,000
Previous Owner Morales Jose $369,000
Previous Owner Morales Jose $242,004
Previous Owner Morales Jose $230,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2017 01/11/17 Sold $700,000 -3.8% $272 / Sq Ft
09/22/2016 09/22/16 Price Changed $728,000 -9.0% $283 / Sq Ft
08/09/2016 08/09/16 For Sale $800,000 -- $311 / Sq Ft
Source: The MLS

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 $9,999 $812,404 $568,684 $243,720
2024 $9,999 $796,476 $557,534 $238,942
2023 $9,809 $780,859 $546,602 $234,257
2022 $9,359 $765,549 $535,885 $229,664
2021 $9,238 $750,539 $525,378 $225,161
2020 $9,328 $742,844 $519,991 $222,853
2019 $8,965 $728,280 $509,796 $218,484
2018 $8,876 $714,000 $499,800 $214,200
2017 $3,998 $307,226 $238,369 $68,857
2016 $3,884 $301,203 $233,696 $67,507
2015 $3,831 $296,679 $230,186 $66,493
2014 $3,869 $290,868 $225,677 $65,191
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 16-154700

The MLS

APN: 5216-021-013