NOT LISTED FOR SALE

Estimated Value: $699,000 - $910,000

7 Beds
3 Baths
2,264 Sq Ft
$362/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $580,000 $256 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,247/month

178 Days on Market

About This Home

As of May 2019

Two Large Homes on One Lot, Great Income Property! Each home has its own gated yard and entrance. One is a 4 bedroom 2 bath, and the other is a 3 bedroom, 1 bath. Perfect for a large family. Hardwood floor in Living room with Tile floor in Kitchen and Bath, Carpet in bedrooms. Each home has its own parking (back house) 2 car garage.

Last Listed By

Irma Vasconcelos

South Bay Coast Realty License #01277688 Listed on: 12/26/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,052

Year Built

  • Built in 1950

Lot Details

  • 6,802 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 2,264 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 294701
  • Assessor Parcel Number 7425035032

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,150
  • Fuel Expense $720
  • Insurance Expense $1,680
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,325
  • Operating Expense $12,675
  • Gross Income $35,400
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,052

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7425035032
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 256.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6802.00
  • Lot Size Acres: 0.1562

Multi Family

  • Electric Expense: 1150.00
  • Fuel Expense: 720.00
  • Gross Income: 35400.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 1680.00
  • Lot Size Area: 6802.0000 Square Feet
  • Net Operating Income: 33000.00
  • 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: 2450.00
  • Rent Control: Yes
  • Total Expenses: 12675.00

Tax Info

  • New Taxes Expense: 7325.00
  • Tax Census Tract: 2947.01
  • Tax Lot: 9
  • Tax Tract Number: 294701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2017
Closed on
Apr 19, 2019
Sold by
The Ruben Avlla Burgarin Revocable Trust
Bought by
Davila Alejandro
Seller's Agent
Irma Vasconcelos
South Bay Coast Realty
Buyer's Agent
Carol Lopez
All in One Real Estate
List Price
$586,000
Sold Price
$580,000
Premium/Discount to List
-$6,000
-1.02%
Total Days on Market
178
Current Estimated Value
$819,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,791
Avg. Annual Appreciation
5.98%
Original Mortgage
$493,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%

Purchase Details

Closed on
Mar 8, 2016
Sold by
Avila Ruben
Bought by
Bugarin Ruben Avila and The Ruben Avila Bugarin Revoca

Purchase Details

Listed on
Apr 20, 2015
Closed on
Dec 8, 2015
Sold by
Commercial Landmark Properties Inc
Bought by
Avila Ruben
Seller's Agent
Leticia Rivera
Estate Properties
Buyer's Agent
Oscar Montani
Home Team Realty
List Price
$429,900
Sold Price
$429,000
Premium/Discount to List
-$900
-0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$149,900
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 11, 2007
Sold by
Youssefie Mohammad
Bought by
Watson Ave Trust #912 and Commercial Landmark Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Watson Ave Trust #912
Bought by
Youssefie Mohammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2007
Sold by
Placidon Maria
Bought by
Watson Ave Trust #912 and Commercial Landmark Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2006
Sold by
Placidon Maria
Bought by
Placidon Maria and Collazo Ivan

Purchase Details

Closed on
Dec 27, 2005
Sold by
Torres Antonio M and Torres Rosa O
Bought by
Placidon Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
8.42%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Davila Alejandro $580,000 Provident Title Company
Tegel -- --
Bugarin Ruben Avila -- None Available
Avila Ruben $430,000 Progressive Title
Commercial Landmark Properties Inc -- Progressive Title
Watson Ave Trust #912 -- Accommodation
Youssefie Mohammad -- American Coast Title
Youssefie Mohammad -- American Coast Title
Watson Ave Trust #912 $19,200 None Available
Placidon Maria -- None Available
Placidon Maria $565,000 Nations Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davila Alejandro $485,000
Closed Davila Alejandro $493,000
Previous Owner Tegel --
Previous Owner Avila Ruben $149,900
Previous Owner Youssefie Mohammad $444,500
Previous Owner Youssefie Mohammad $444,500
Previous Owner Collazo Ivan $38,300
Previous Owner Placidon Maria $452,000
Previous Owner Torres Antonio M $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $580,000 -1.0% $256 / Sq Ft
12/26/2017 12/26/17 For Sale $586,000 +36.6% $259 / Sq Ft
12/10/2015 12/10/15 Sold $429,000 -0.2% $189 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $429,900 0.0% $190 / Sq Ft
08/27/2012 08/27/12 Rented $1,600 -5.6% --
08/27/2012 08/27/12 Under Contract -- -- --
06/12/2012 06/12/12 For Rent $1,695 -- --
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 $8,052 $634,311 $437,456 $196,855
2023 $7,901 $621,875 $428,879 $192,996
2022 $7,541 $609,682 $420,470 $189,212
2021 $7,443 $597,728 $412,226 $185,502
2020 $7,514 $591,600 $408,000 $183,600
2019 $5,772 $456,212 $291,832 $164,380
2018 $5,634 $447,267 $286,110 $161,157
2016 $5,371 $429,900 $275,000 $154,900
2015 $5,110 $408,000 $288,000 $120,000
2014 $4,504 $348,000 $223,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17279547

California Regional Multiple Listing Service (CRMLS)

APN: 7425-035-032