NOT LISTED FOR SALE

Estimated Value: $1,312,000 - $1,656,000

8 Beds
6 Baths
2,934 Sq Ft
$493/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $1,275,000 $435 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,090/month

74 Days on Market

Highlights

  • 0.11 Acre Lot
  • Property is near public transit
  • Private Yard
  • Fireplace in Primary Bedroom
  • Spanish Architecture
  • 3-minute walk to Cesar E Chavez Park

About This Home

As of December 2021

Two duplexes on a large lot near 710 and 110 freeways. 3 units are month to month and the 4th is vacant. The rent has not been raised in over 2 years. It is walking distance to park, beach, Convention Center, Aquarium and Blue Line. Ergonomically landscaped with artificial grass and low maintenance succulents. New sewer lines in back units. New roof in front units. All units except 1 bedroom have their own laundry room. There are built-in cabinets in all units.

The two properties north of this one, 436 and 440 are owned by the same owner. If combined with this one the land area is over 10,000 sf. An underground complex could be built if all 3 were purchased.

Last Agent to Sell the Property

Nancy Conger

B&N Associates License #01071162 Listed on: 09/07/2021

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,004 Sq Ft Lot
  • Lot Dimensions are 100x50
  • 1 Common Wall
  • Wood Fence
  • Drip System Landscaping
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • Gentle Sloping Lot

Home Design

  • Spanish Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,934 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Electric Fireplace
  • Gas Fireplace
  • Blinds
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Range
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • 6 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Underground Utilities
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 16 / 140
  • Assessor Parcel Number 7278025020
  • $770 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Westside/South Of Willow Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Insurance Expense $1,000
  • Maintenance Expense $6,108
  • Water Sewer Expense $2,112
  • New Taxes Expense $16,250
  • Operating Expense $26,370
  • Gross Income $105,480
  • Net Operating Income $77,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.90
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • View: No
  • Water Sewer Expenses: 2112.00
  • Zoning: LBPD30
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7278025020
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Bath, Kitchen, Living Room, Master Bedroom, Patio, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 434.56
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Natural Gas, Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Gentle Sloping, Landscaped, Lawn, Rectangular Lot, Near Public Transit, Paved, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Up Slope from Street, Utilities - Overhead, Yard
  • Lot Size: 100x50
  • Lot Size Sq Ft: 5004.00
  • Lot Size Acres: 0.1149

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 807 Square Feet
  • Average3 Bed Area: 870 Square Feet
  • Electric Expense: 200.00
  • Gross Income: 105480.00
  • Gross Multiplier: 8.11
  • Gross Operating Income: 103370.00
  • Gross Scheduled Income: 105480.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5004.0000 Square Feet
  • Maintenance Expense: 6108.00
  • Maintenance Percent: 5.80
  • Net Operating Income: 77000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 26370.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 6970.00
  • Total Expenses: 26370.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Block: 140
  • Tax Census Tract: 5759.01
  • Tax Lot: 16
  • TaxOtherAnnualAssessmentAmount: 770.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2010
Sold by
Conger Robert E and Conger Nancy R
Bought by
Conger Robert E and Conger Nancy R
Current Estimated Value
$1,447,028

Purchase Details

Closed on
May 6, 2009
Sold by
Nguyen Nuette and Quan Gordon T
Bought by
Conger Robert E and Conger Nancy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2004
Sold by
Nguyen Nuette and Quan Gordon T
Bought by
Nguyen Nuette and Quan Gordon T

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
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2000
Sold by
Nguyen Nuette
Bought by
Quan Gordon T and Quan Deborah Y

Purchase Details

Closed on
Nov 3, 1999
Sold by
Clamagirand Olivier
Bought by
Nguyen Nuette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
7.82%

Purchase Details

Closed on
Sep 8, 1999
Sold by
Clamagirand Olivier
Bought by
Clamagirand Olivier and Nguyen Nuette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
7.82%

Purchase Details

Closed on
Dec 16, 1998
Sold by
Ward Siglait
Bought by
Ward John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Conger Robert E -- None Available
Conger Robert E $250,000 Stewart Title Of California
Nguyen Nuette -- --
Nguyen Nuette -- California Counties Title Co
Quan Gordon T -- Commonwealth Land Title Co
Nguyen Nuette -- First American Title
Clamagirand Olivier -- First American Title
Clamagirand Olivier -- First American Title
Ward John S -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conger Robert E $276,500
Previous Owner Nguyen Nuette $251,250
Previous Owner Nguyen Nuette $236,250
Previous Owner Ward John S $183,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $1,275,000 -1.9% $435 / Sq Ft
12/17/2021 12/17/21 For Sale $1,300,000 0.0% $443 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $1,300,000 +2.0% $443 / Sq Ft
10/07/2021 10/07/21 Off Market $1,275,000 -- --
09/23/2021 09/23/21 Price Changed $1,300,000 -13.3% $443 / Sq Ft
09/07/2021 09/07/21 For Sale $1,500,000 -- $511 / 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 $18,102 $1,353,039 $880,802 $472,237
2024 $17,327 $1,326,510 $863,532 $462,978
2023 $18,341 $1,300,500 $846,600 $453,900
2022 $15,990 $1,275,000 $830,000 $445,000
2021 $6,382 $469,915 $333,108 $136,807
2020 $6,365 $466,098 $329,693 $136,405
2019 $6,292 $456,979 $323,229 $133,750
2018 $6,054 $448,040 $316,892 $131,148
2016 $5,567 $429,684 $304,588 $125,096
2015 $5,352 $423,230 $300,013 $123,217
2014 $5,333 $414,941 $294,137 $120,804
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21196869

California Regional Multiple Listing Service (CRMLS)

APN: 7278-025-020