NOT LISTED FOR SALE

Estimated Value: $355,000 - $956,000

14 Beds
14 Baths
6,825 Sq Ft
$98/Sq Ft Est. Value

Last Sold March 10, 2017

Last sale price $775,000 $114 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,384/month

66 Days on Market

Highlights

  • Fireplace in Kitchen
  • Double Pane Windows
  • Sliding Doors
  • Private Yard
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of March 2017

This property shows pride of ownership! Seven detached single family homes each with finished 2 car attached garages. All 7 homes are 975 sqft. 2 bed/ 2 bath and are fully rented. Landsacping is mature with shrubs, trees, and manicured rock ares at side,front, and rear. There is a gated entry to each home. Interiors have been consistently updated and maintained throughout the years and are in very good condition. Excellent investment income opportunity in a strong rental demand area.

Last Agent to Sell the Property

NoEmail NoEmail

Src Non-mls License #0 Listed on: 06/15/2016

Src Non-mls

Last Buyer's Agent

Richard Bell

Bell Realty Group License #01344469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.63 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Level Lot
  • Private Yard
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage
  • Parking Available

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 6,825 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Sliding Doors
  • Family Room with Fireplace

Kitchen

  • Laminate Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Outdoor Features

  • Fireplace in Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 186
  • Assessor Parcel Number 442171009

Community Details

Overview

  • 7 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,160
  • Trash Expense $600
  • New Taxes Expense $8,750
  • Operating Expense $31,462
  • Gross Income $4,975
  • Net Operating Income $3,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

14

Listing Details

  • Property Attached: No
  • View: No
  • Zoning: R3
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 442171009
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room, Kitchen, Patio
  • Levels: One
  • Price Per Square Foot: 113.55
  • Room Type: Family Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Tile
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Garage, On Site
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Appliances: Disposal, Water Heater Central
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Natural Gas
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level with Street, Ranch, Yard
  • Lot Size Sq Ft: 27443.00
  • Price Per Lot Square Foot: 30.97

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 975
  • Gross Income: 4975.00
  • Gross Scheduled Income: 6300.00
  • Insurance Expense: 5160.00
  • Net Operating Income: 3300.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 31462.00

Tax Info

  • New Taxes Expense: 8750.00
  • Tax Lot: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2016
Closed on
Feb 10, 2017
Sold by
Lord Royal E and Lord Charlene L
Bought by
Becerra Antonio and Duran Aida Araceli
Seller's Agent
NoEmail NoEmail
Src Non-mls
Buyer's Agent
Richard Bell
Bell Realty Group
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Current Estimated Value
$676,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,986
Avg. Annual Appreciation
-1.65%
Original Mortgage
$508,000
Outstanding Balance
$420,485
Interest Rate
4.19%
Mortgage Type
Commercial
Estimated Equity
$248,540

Purchase Details

Closed on
Sep 28, 2004
Sold by
Lord Royal E and Lord Charlene L
Bought by
Lord Royal E and Lord Charlene L

Purchase Details

Closed on
Mar 12, 1998
Sold by
Letts Don H and Letts Shiela E
Bought by
Lord Royal E and Lord Charlene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
7.15%
Mortgage Type
Commercial
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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Purchase History

Date Buyer Sale Price Title Company
Becerra Antonio $775,000 Fidelity National Title Oran
Lord Royal E -- --
Lord Royal E $335,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becerra Antonio $508,000
Previous Owner Lord Royal E $251,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $775,000 -8.8% $114 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $850,000 -- $125 / 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 $10,184 $899,448 $261,128 $638,320
2023 $10,184 $864,523 $250,989 $613,534
2022 $9,862 $847,572 $246,068 $601,504
2021 $9,700 $830,954 $241,244 $589,710
2020 $9,582 $822,435 $238,771 $583,664
2019 $9,374 $806,310 $234,090 $572,220
2018 $9,084 $790,500 $229,500 $561,000
2017 $5,437 $460,879 $123,813 $337,066
2016 $5,398 $451,843 $121,386 $330,457
2015 $5,382 $445,058 $119,563 $325,495
2014 $5,145 $436,342 $117,222 $319,120
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16176853

California Regional Multiple Listing Service (CRMLS)

APN: 442-171-009