NOT LISTED FOR SALE

Estimated Value: $1,464,000 - $2,027,000

5 Beds
6 Baths
3,818 Sq Ft
$480/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $1,235,000 $323 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $11,248/month

46 Days on Market

Highlights

  • No Units Above
  • Fireplace in Primary Bedroom
  • Laundry Room
  • Garfield Elementary School Rated A-
  • No HOA
  • 5-minute walk to Story Park

About This Home

As of November 2016

This excellent 4 unit building that has been in the same family for over 40 years. The front Owner's unit is on one level on the first floor and is a 2 bedroom, 2 bath converted to a 3 bedroom 2 bath but can easily be converted back to it's original 2 bedroom. It has a family room and a large living room with a formal dining room (converted to bedroom) adjacent to the kitchen with eating area in the kitchen. The family room is large with a fireplace. The unit is separated from the 3 units behind it. All 3 units are on the upper level above the garage area and boasts a 2 bedroom with 2 baths, 1 bedroom with 1 bath and a Studio Apartment. You can live in any of the units as you choose and rent the rest for an excellent opportunity for additional income. Parking spots for each unit. All units have separate Electric meters. There are only 2 gas meters. One for the Owner's unit for Central Heating and a second for the Laundry Room.

Last Agent to Sell the Property

Michel Walters

Realty Masters & Associates License #00697606 Listed on: 07/10/2016

Last Buyer's Agent

Brenda Jonker

Realty Connection Group License #01244294

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,724

Year Built

  • Built in 1968

Lot Details

  • 7,378 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Front Yard Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,818 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen
  • Laundry Room

Bedrooms and Bathrooms

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

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 17
  • Tax Tract Number 4803
  • Assessor Parcel Number 5337006017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Gardener Expense $480
  • Insurance Expense $920
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $1
  • Gross Income $6,040
  • Net Operating Income $69,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,724

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: 7144730890
  • Other Phone Number: 7144730890
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: ALPRD
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5337006017
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level No Steps,Top Level
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 323.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size: 150 by 50
  • Lot Size Sq Ft: 7378.00
  • Price Per Lot Square Foot: 201.79

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 6040.00
  • Gross Scheduled Income: 72120.00
  • Insurance Expense: 920.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 69720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 2400.00
  • Other Income Description: Laundry
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1.00
  • Tax Area: 1797
  • Tax Lot: 17
  • Tax Tract Number: 4803

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2016
Sold by
Thordsen David
Bought by
Fung Luis K and Fung Helen S
Current Estimated Value
$1,833,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Thordsen David and Thordsen Darren
Bought by
Thordsen David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2002
Sold by
Haney Rosemary
Bought by
Thordsen David
Source: Public Records

Range of Values:

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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
Fung Luis K $1,235,000 Orange Coast Title Company
Thordsen David -- North American
Thordsen David -- North American
Thordsen David $475,000 Bridgespan Title
Haney Rosemary -- Bridgespan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fung Luis K $390,000
Previous Owner Thordsen David $663,000
Previous Owner Thordsen David $565,000
Previous Owner Thordsen David $50,000
Previous Owner Thordsen David $401,000
Previous Owner Thordsen David $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $1,235,000 -17.0% $323 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
07/26/2016 07/26/16 Price Changed $1,488,800 0.0% $390 / Sq Ft
07/23/2016 07/23/16 Price Changed $1,488,888 -0.1% $390 / Sq Ft
07/10/2016 07/10/16 For Sale $1,490,000 -- $390 / 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 $17,724 $1,433,318 $736,970 $696,348
2024 $17,724 $1,405,215 $722,520 $682,695
2023 $17,562 $1,377,662 $708,353 $669,309
2022 $16,727 $1,350,650 $694,464 $656,186
2021 $16,550 $1,324,168 $680,848 $643,320
2019 $15,971 $1,284,894 $660,654 $624,240
2018 $15,987 $1,259,700 $647,700 $612,000
2016 $5,924 $434,035 $194,909 $239,126
2015 $5,840 $427,517 $191,982 $235,535
2014 $5,791 $419,144 $188,222 $230,922
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16151574

California Regional Multiple Listing Service (CRMLS)

APN: 5337-006-017