NOT LISTED FOR SALE

Estimated Value: $848,000 - $928,925

6 Beds
2 Baths
1,950 Sq Ft
$461/Sq Ft Est. Value

Last Sold September 09, 2015

Last sale price $555,000 $285 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,693/month

14 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Cul-De-Sac

About This Home

As of September 2015

No Rent Controled Duplex..built in 1984. Both units have separate addresses: front unit is 555 W. Bonita & rear unit is 557 W. Bonita. The units are of equal size & each have 3 br. & 1 bath and are located a quiet cul-de-sac street.

Rear unit is gated and freshly updated with a stunning Calif. contemporary vibe. All new & upgraded stainless steel appliance package & Magtag Commercial grade washer/dryer. Custom made cabinets in both kitchen & bathroom. High end granite & designer tile & other designer touches. Turn key unit.

Front unit can not be viewed until offer is presented, but has a new bathroom, freshly painted kitchen & a nice sized fenced patio. The rest of the unit just needs fresh paint and new appliances. Tenant reports they are moving before their Sept. rent increases to $1,800 pr mo, which will be slightly under market value. Please do not contact tenant.

****No Rent Control****

Investors note: Excellent rental income ($45,000+ pr yr. is conservative estimate) with very low monthly expenses.
Loads of parking: 2 car carport & 1 uncovered spot in rear, which is newly security gated & accessed from an alley. Plus 2 spots in front driveway.
Note: Agent/Owner.

Last Listed By

Adele Healy

The Realestate Group License #00857592 Listed on: 07/24/2015

The Realestate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,069

Year Built

  • Built in 1984

Lot Details

  • 5,188 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Cul-De-Sac

Home Design

  • 1,950 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 6 / 11
  • Tax Tract Number 2431
  • Assessor Parcel Number 7448027006

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,005
  • Water Sewer Expense $1,498
  • New Taxes Expense $6,900
  • Net Operating Income $37,397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,069

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: All appliances in rear unit.
  • Other Phone Description: 310 935-7975
  • Other Phone Number: 310 460-9855
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1498.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7448027006
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 284.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Cul-De-Sac, Near Public Transit
  • Lot Size Sq Ft: 5188.00
  • Price Per Lot Square Foot: 106.98
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1005.00
  • Lot Size Area: 5188.0000 Square Feet
  • Net Operating Income: 37397.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9403.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6900.00
  • Tax Block: 11
  • Tax Lot: 6
  • Tax Tract Number: 2431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2015
Closed on
Sep 3, 2015
Sold by
Healy Adele Corey
Bought by
Till Eric
Seller's Agent
Adele Healy
The Realestate Group
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%
Total Days on Market
14
Current Estimated Value
$899,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,481
Avg. Annual Appreciation
5.14%
Original Mortgage
$480,005
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
May 1, 2013
Closed on
May 22, 2013
Sold by
The Palleres Trust
Bought by
Healy Adele Corey and The Adele Corey Healy Living Trust
Seller's Agent
Gordon Inman
Keller Williams Realty
Buyer's Agent
Adele Healy
The Realestate Group
List Price
$299,000
Sold Price
$297,375
Premium/Discount to List
-$1,625
-0.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.96%

Purchase Details

Closed on
Apr 13, 2011
Sold by
Pallares Salvador and Pallares Trust
Bought by
Pallares Salvador and Pallares Jimmie

Purchase Details

Closed on
Oct 31, 1994
Sold by
Pallares Salvador and Pallares Herminia C
Bought by
Pallares Salvador

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
Till Eric $555,000 Title 365
Healy Adele Corey $297,500 Fidelity National Title Co
Pallares Salvador -- None Available
Pallares Salvador -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Till Eric $452,000
Closed Till Eric $480,005
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2015 09/09/15 Sold $555,000 -3.5% $285 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $575,000 +93.4% $295 / Sq Ft
06/11/2013 06/11/13 Sold $297,375 -0.5% $153 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
03/07/2013 03/07/13 For Sale $299,000 -- $153 / 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
2024 $8,069 $644,120 $348,173 $295,947
2023 $7,916 $631,492 $341,347 $290,145
2022 $7,551 $619,110 $334,654 $284,456
2021 $7,454 $606,972 $328,093 $278,879
2019 $7,233 $588,970 $318,362 $270,608
2018 $7,104 $577,422 $312,120 $265,302
2016 $6,780 $555,000 $300,000 $255,000
2015 $3,797 $304,691 $138,321 $166,370
2014 $3,803 $298,724 $135,612 $163,112
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15162691

California Regional Multiple Listing Service (CRMLS)

APN: 7448-027-006