NOT LISTED FOR SALE

Estimated Value: $666,079 - $707,000

5 Beds
3 Baths
1,441 Sq Ft
$475/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2020

Last sale price $550,000 $382 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,272 / mo

60 Days on Market

Highlights

  • Green Roof
  • Laundry Room
  • Tile Flooring
  • Private Yard
  • Bungalow
  • Central Heating

About This Home

As of April 2020

14 GRM - RD2 zoned 5+3 (3+2 House with legal [2+1 ADU built 2019]). This two unit property may be subject to rent control on house, however, ADU should be exempt as Certificate of Occupancy issued 2019. Buyer to verify with LAHID. Back unit all new. Front house new kitchen with quartz counter, new carpet, new central heat, new electrical panel, freshly painted. New roofing, new water main. Units are separately metered for gas and electric. New stoves in both units. ADU with quartz countertops and quality kitchen cabinets built to last. Seller selects services.

Last Agent to Sell the Property

Michael Ribons

MRI Property Mgnt.&Inv License #01839155 Listed on: 11/22/2019

Last Buyer's Agent

Angie Sandoval

Coldwell Banker Envision License #01130478

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,893 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard

Home Design

  • Duplex
  • Bungalow
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,441 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Eco-Friendly Details

  • Green Roof
  • Energy-Efficient Insulation

Utilities

  • Central Heating
  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 58
  • Tax Tract Number 346
  • Assessor Parcel Number 6040023014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Maintenance Expense $650
  • Pest Control $50
  • Professional Management Expense $2,160
  • New Taxes Expense $6,050
  • Operating Expense $9,610
  • Gross Income $40,158
  • Net Operating Income $28,705

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,893 Sq Ft Lot

Listing Details

  • CapRate: 5.12
  • Professional Management Expense: 2160.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Zoning: LARD2
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6040023014
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 381.68
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, Wall Furnace
  • Pest Control Expense: 50.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Green Features

  • Efficiency: Insulation, Roof

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Yard
  • Lot Size Sq Ft: 4893.00
  • Lot Size Acres: 0.1123

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 525 Square Feet
  • Average3 Bed Area: 916 Square Feet
  • Gross Multiplier: 14.00
  • Gross Operating Income: 40158.00
  • Gross Scheduled Income: 39500.00
  • Gross Spendable Income: 28705.00
  • Insurance Expense: 700.00
  • Lot Size Area: 4893.0000 Square Feet
  • Maintenance Expense: 650.00
  • Net Operating Income: 28705.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Range: 2
  • Operating Expense: 9610.00
  • Rent Control: Yes
  • Total Actual Rent: 1150.00
  • Total Expenses: 9610.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6050.00
  • Tax Census Tract: 2402.00
  • Taxes Percent: 1.25
  • Tax Lot: 58
  • Tax Tract Number: 346

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2019
Closed on
Feb 18, 2020
Sold by
Mhr Group Inc
Bought by
Chavez Cesar A Tercero and Quintero Jessenia
Seller's Agent
Michael Ribons
MRI Property Mgnt.&Inv
Buyer's Agent
Angie Sandoval
Coldwell Banker Envision
List Price
$559,950
Sold Price
$550,000
Premium/Discount to List
-$9,950
-1.78%
Current Estimated Value
$685,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,020
Avg. Annual Appreciation
3.68%
Original Mortgage
$540,038
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2019
Sold by
Ribons Michael P
Bought by
Mhr Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2018
Sold by
Orellana Anna
Bought by
Mhr Group Inc

Purchase Details

Closed on
May 18, 2018
Sold by
Navarro Petrona
Bought by
Orellana Anna

Purchase Details

Closed on
Nov 30, 2014
Sold by
Navarro Petrona
Bought by
Navarro Petrona

Purchase Details

Closed on
Jun 5, 2010
Sold by
Jacome Antonia
Bought by
Barrientos Luis Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2010
Sold by
Barrientos Luis Alberto
Bought by
Navarro Petrona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2009
Sold by
Collateral Relief Servicing Llc
Bought by
Barrientos Luis Alberto

Purchase Details

Closed on
Aug 9, 2008
Sold by
Barrientos Luis Alberto
Bought by
Collateral Relief Servicing Llc

Purchase Details

Closed on
Nov 1, 2005
Sold by
Barrientos Oliverio
Bought by
Barrientos Luis Alberto

Purchase Details

Closed on
Feb 4, 2000
Sold by
Denson Jack
Bought by
Denson Jack and Denson Florine Woods
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
Chavez Cesar A Tercero $550,000 Fidelity National Title Co
Mhr Group Inc -- Accommodation
Ribons Michael P -- Lawyers Title Co
Mhr Group Inc $271,000 Fidelity National Title Comp
Orellana Anna -- None Available
Navarro Petrona -- None Available
Barrientos Luis Antonio -- Itc
Navarro Petrona $141,000 Itc
Barrientos Luis Alberto -- Accommodation
Collateral Relief Servicing Llc -- Accommodation
Barrientos Luis Alberto -- None Available
Denson Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chavez Cesar A Tercero $540,038
Previous Owner Ribons Michael P $340,000
Previous Owner Navarro Petrona $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2020 04/06/20 Sold $550,000 -1.8% $382 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
11/22/2019 11/22/19 For Sale $559,950 0.0% $389 / Sq Ft
04/01/2012 04/01/12 Rented $1,125 +2.3% --
03/03/2012 03/03/12 Under Contract -- -- --
02/14/2012 02/14/12 For Rent $1,100 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,381 $601,501 $382,774 $218,727
2024 $7,381 $589,708 $375,269 $214,439
2023 $7,240 $578,146 $367,911 $210,235
2022 $6,907 $566,811 $360,698 $206,113
2021 $6,820 $555,698 $353,626 $202,072
2020 $5,044 $396,440 $246,840 $149,600
2019 $514 $355,000 $255,000 $100,000
2018 $1,989 $158,757 $98,182 $60,575
2016 $1,892 $152,594 $94,370 $58,224
2015 $1,865 $150,303 $92,953 $57,350
2014 $1,878 $147,360 $91,133 $56,227
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19270420

California Regional Multiple Listing Service (CRMLS)

APN: 6040-023-014

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