NOT LISTED FOR SALE

La Verne, CA 91750

Old Town Neighborhood

Estimated Value: $1,163,000 - $1,762,778

9 Beds
8 Baths
4,336 Sq Ft
$337/Sq Ft Est. Value

Last Sold August 28, 2012

Last sale price $683,500 $158 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $8,612/month

Highlights

  • Laundry Room
  • 6 Detached Carport Spaces
  • 2-minute walk to La Verne Sports Park
  • J. Marion Roynon Elementary School Rated A-
  • Rectangular Lot

About This Home

As of August 2012

CASH FLOW AT CLOSE OF ESCROW!! Great unit mix and oversized apartments in this two story fourplex. One unit has 3 beds/2 bath + yard, one unit has 2 beds/2 baths + yard, two units have 2 beds/2 baths + balconies. All units are over 1,000 sq.ft. each. The property has a laundry room, six covered parking spaces and is separately metered for gas & electricity. All new copper plumbing as installed in 2012. No rent control and room for rent upside. DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

William Clark

Clark Investments License #00871655 Listed on: 07/01/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,356

Year Built

  • Built in 1965

Lot Details

  • 7,858 Sq Ft Lot
  • Property fronts an alley
  • Rectangular Lot
  • Level Lot

Home Design

  • Copper Plumbing
  • Clapboard
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 8375002027

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $4,200
  • Other Expense $500
  • Trash Expense $820
  • Water Sewer Expense $1,600
  • Operating Expense $18,870
  • Net Operating Income $37,332

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,356

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Fire and Smoke Detection System
  • View: No
  • Water Sewer Expenses: 1600.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 8375002027
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Price Per Square Foot: 160.29

Exterior Features

  • Construction Materials: Clapboard, Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 820.00

Condo/Co-op/Association

  • Senior Community: No

Green Features

  • Green Location: Transportation, Walkability

Lot Info

  • Lot Features: Level, Rectangular Lot
  • Lot Size Sq Ft: 7858.00
  • Lot Size Acres: 0.1804

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 1200.00
  • Gross Scheduled Income: 59160.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7858.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 37332.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 18870.00
  • Operating Expense Percent: 32.00
  • Other Expense: 500.00
  • Total Expenses: 18870.00
  • Vacancy Allowance: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2012
Closed on
Jul 6, 2012
Sold by
Hanzel Charles J
Bought by
Wang Qinglong and Wang Shuling
Seller's Agent
William Clark
Clark Investments
Sold Price
$683,500
Current Estimated Value
$1,461,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$777,945
Avg. Annual Appreciation
5.96%
Original Mortgage
$444,200
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2011
Sold by
Hanzel Charles
Bought by
Hanzel Charles J and Hanzel Mary Sutton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2006
Sold by
Hanzel Charles J
Bought by
Hanzel Charles J and Hanzel Mary Mimi Sutton

Purchase Details

Closed on
Feb 21, 1999
Sold by
Hausen Roger C
Bought by
Hanzel Charles J and Hanzel Mary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.35%

Purchase Details

Closed on
Apr 4, 1996
Sold by
Hausen Carolyn L
Bought by
Hausen Roger C
Source: Public Records

Range of Values:

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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
Wang Qinglong $683,500 Pacific Coast Title
Hanzel Charles J -- None Available
Hanzel Charles -- Investors Title Company
Hanzel Charles J -- None Available
Hanzel Charles J -- None Available
Hanzel Charles J $262,000 Old Republic Title
Hausen Roger C -- --
Hausen Roger C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Qinglong $444,200
Previous Owner Hanzel Charles $250,000
Previous Owner Hanzel Charles J $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2012 08/28/12 Sold $683,500 -- $158 / Sq Ft
07/01/2012 07/01/12 Pending -- -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $10,356 $841,669 $386,662 $455,007
2024 $10,356 $825,167 $379,081 $446,086
2023 $10,131 $808,989 $371,649 $437,340
2022 $9,964 $793,127 $364,362 $428,765
2021 $9,762 $777,576 $357,218 $420,358
2019 $9,571 $754,515 $346,624 $407,891
2018 $9,094 $739,722 $339,828 $399,894
2016 $8,736 $710,999 $326,633 $384,366
2015 $8,595 $700,320 $321,727 $378,593
2014 $8,519 $686,602 $315,425 $371,177
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2012

    William Clark

    Clark Investments

See All Agents

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22164731

Pasadena-Foothills Association of REALTORS®

APN: 8375-002-027

California Los Angeles County La Verne 91750

Old Town

This home since 01 July 2012 and is currently estimated at $1,461,445, approximately $337 per square foot. This property was built in 1965. This home is a home located in Los Angeles County with nearby schools including J. Marion Roynon Elementary School, Ramona Middle School, and Bonita High School.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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