NOT LISTED FOR SALE

18626 Corby Ave Artesia, CA 90701

Estimated Value: $1,136,450 - $1,770,000

8 Beds
4 Baths
3,072 Sq Ft
$452/Sq Ft Est. Value

Sale Details

Date Sold: April 21, 2014

Last sale price $600,000 $195 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $8,273 / mo

56 Days on Market

About This Home

As of April 2014

This home is located at 18626 Corby Ave, Artesia, CA 90701 since 24 February 2014 and is currently estimated at $1,389,113, approximately $452 per square foot. This property was built in 1961. 18626 Corby Ave is a home located in Los Angeles County with nearby schools including Burbank (Luther) Elementary School, Haskell Stem Academy, and Gahr High School.

Last Agent to Sell the Property

Gurpal Sood

SoodReal Estate Services, Inc. License #01394199 Listed on: 02/24/2014

Last Buyer's Agent

Gurpal Sood

Elite Realty License #01394199

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 11,573 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,072 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 2426
  • Assessor Parcel Number 7039011025

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $6,000
  • Gross Income $5,016
  • Net Operating Income $60,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.27 Acres

Parking

8

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7039011025
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 195.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11573.00
  • Lot Size Acres: 0.2660

Multi Family

  • Gross Income: 5016.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 11573.0000 Square Feet
  • Net Operating Income: 60200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 7000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 2426
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2014
Closed on
Apr 17, 2014
Sold by
Koka Venkatesh
Bought by
Patel Pravin
Seller's Agent
Gurpal Sood
SoodReal Estate Services, Inc.
Buyer's Agent
Gurpal Sood
SoodReal Estate Services, Inc.
List Price
$925,000
Sold Price
$600,000
Premium/Discount to List
-$325,000
-35.14%
Current Estimated Value
$1,389,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789,113
Avg. Annual Appreciation
7.27%
Original Mortgage
$450,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2009
Sold by
Lakeman Marius B
Bought by
Koka Venkatesh

Purchase Details

Closed on
Sep 12, 2008
Sold by
Lakeman Marius B and Lakeman Bernadette M
Bought by
Lakeman Marius B

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
6.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 20, 1995
Sold by
Lakeman Marius B and The Lakeman Family Trust
Bought by
Lakeman Marius B and Lakeman Iona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.97%
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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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
Patel Pravin $600,000 Ticor Title Tustin Orange Co
Koka Venkatesh $750,000 Nations Title Company
Lakeman Marius B -- Chicago Title Company
Lakeman Marius B -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Patel Pravin $450,000
Previous Owner Lakeman Marius B $250,000
Previous Owner Lakeman Marius B $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2014 04/21/14 Sold $600,000 -35.1% $195 / Sq Ft
04/21/2014 04/21/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $925,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,292 $735,507 $389,818 $345,689
2024 $9,871 $721,086 $382,175 $338,911
2023 $9,570 $706,948 $374,682 $332,266
2022 $9,206 $693,087 $367,336 $325,751
2021 $8,993 $679,498 $360,134 $319,364
2020 $8,924 $672,532 $356,442 $316,090
2019 $8,797 $659,346 $349,453 $309,893
2018 $8,048 $646,418 $342,601 $303,817
2016 $7,725 $621,319 $329,299 $292,020
2015 $7,777 $611,987 $324,353 $287,634
2014 $9,527 $787,868 $420,197 $367,671
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gurpal Sood

    SoodReal Estate Services, Inc.

    (562) 924-3600

    1 in this area

    5 Total Sales

    Gurpal Sood
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14041741

California Regional Multiple Listing Service (CRMLS)

APN: 7039-011-025

California Los Angeles County Artesia 90701

18626 Corby Ave, Artesia, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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