NOT LISTED FOR SALE

Estimated Value: $1,160,000 - $1,487,000

5 Beds
3 Baths
2,419 Sq Ft
$569/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $558,000 $231 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $8,125/month

8 Days on Market

About This Home

As of October 2012

Beautiful Ladera Heights Tri-plex available. Priced to Sell! Thank you for NOT disturbing the tenants. If you have any questions, I am happy to answer them for you. The property consists of TWO 2 bed & 1 bath units and a 1 bed & 1 bath unit. Fully leased. Comparable properties have sold for much more, yet this is a standard sale. Go drive by and check out the neighborhood, if you don't already know how nice it is.

Last Agent to Sell the Property

George Paul

Premier Realty Associates License #01875406 Listed on: 09/04/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,058

Year Built

  • Built in 1951

Lot Details

  • 9,882

Parking

  • 4 Car Garage

Home Design

  • 2,419 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • 9,882 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 97
  • Tax Tract Number 15839
  • Assessor Parcel Number 4001028006

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Gardener Expense $720
  • Insurance Expense $696
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,250
  • Gross Income $3,233
  • Net Operating Income $29,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,058

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.88
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4001028006
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 230.67

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 300.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9882.00
  • Lot Size Acres: 0.2270

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 3233.00
  • Gross Multiplier: 12.89
  • Gross Scheduled Income: 38796.00
  • Gross Spendable Income: 9156.00
  • Insurance Expense: 696.00
  • Lot Size Area: 9882.0000 Square Feet
  • Net Operating Income: 29388.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9408.00

Tax Info

  • New Taxes Expense: 6250.00
  • Tax Area: 4591
  • Tax Lot: 97
  • Tax Tract Number: 15839

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2012
Closed on
Oct 4, 2012
Sold by
Jardan Delores D
Bought by
Ross Jack B and Ross Helen Stern
Seller's Agent
George Paul
Premier Realty Associates
Buyer's Agent
Real Estate eBroker Inc.
List Price
$500,000
Sold Price
$558,000
Premium/Discount to List
$58,000
11.6%
Current Estimated Value
$1,361,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803,403

Purchase Details

Closed on
Nov 15, 2010
Sold by
Jardan Delores Daaimah
Bought by
Jardan Delores D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2005
Sold by
Jardan Delores Daaimah
Bought by
Delores Daaimah Jardan Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.81%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 26, 2000
Sold by
Jardan Delores D
Bought by
Jardan Delores D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
8.2%

Purchase Details

Closed on
Oct 24, 1997
Sold by
Jardan Riza
Bought by
Jardan Delores D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 16, 1997
Sold by
Scott Jack D
Bought by
Jardan Delores D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 1997
Sold by
Mason Kevin A
Bought by
Scott Jack D and The Jdslc Retirement Plan Trust

Purchase Details

Closed on
Sep 22, 1994
Sold by
Monaco Page Arnelle
Bought by
Monaco Larry T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.61%

Purchase Details

Closed on
Sep 21, 1994
Sold by
Garcia Cecelia
Bought by
Mason Kevin Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.61%

Purchase Details

Closed on
Sep 14, 1994
Sold by
Mason Lisa
Bought by
Mason Kevin Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.61%

Purchase Details

Closed on
Jan 3, 1994
Sold by
Garcia Cecelia
Bought by
Mason Kevin Andre
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ross Jack B $540,005 None Available
Jardan Delores D -- First American Title Company
Delores Daaimah Jardan Family Trust -- --
Jardan Delores D -- Benefit Land Title Company
Jardan Delores D -- South Coast Title
Jardan Delores D $280,000 South Coast Title
Scott Jack D $100,000 --
Monaco Larry T -- Southland Title Corp
Mason Kevin Andre $300,000 Southland Title Corp
Morice Winifred -- Southland Title Corp
Mason Kevin Andre -- Southland Title Corp
Mason Kevin Andre -- Southland Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jardan Delores D $267,000
Previous Owner Jarden Delores D $280,000
Previous Owner Jardan Delores D $243,000
Previous Owner Jardan Delores D $56,000
Previous Owner Jardan Delores D $196,000
Previous Owner Mason Kevin Andre $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2012 10/12/12 Sold $558,000 +11.6% $231 / Sq Ft
09/12/2012 09/12/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $500,000 -- $207 / 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 $8,058 $664,958 $455,621 $209,337
2024 $8,058 $651,921 $446,688 $205,233
2023 $7,972 $639,139 $437,930 $201,209
2022 $8,178 $626,608 $429,344 $197,264
2021 $8,086 $614,323 $420,926 $193,397
2019 $7,603 $596,103 $408,442 $187,661
2018 $7,571 $584,416 $400,434 $183,982
2016 $7,150 $561,725 $384,886 $176,839
2015 $7,100 $553,288 $379,105 $174,183
2014 $7,140 $542,450 $371,679 $170,771
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1204679

California Regional Multiple Listing Service (CRMLS)

APN: 4001-028-006