NOT LISTED FOR SALE
8 Beds
6 Baths
6,660 Sq Ft
0.27 Acres

Last Sold February 03, 2021

Last sale price $2,300,000 $345 Per Sq Ft

1 Day on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • Leffingwell Elementary School Rated A-

About This Home

As of February 2021

10 Units on Scott Ave near Whittwood Mall. Very nice and clean units! Pride of ownership. Two 2 bedrooms and eight 1 bedrooms, all 1 baths. Modern landscaping, Walking distance to gym, restaurants and shopping. High demand area. Very well maintained.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 12/21/2020

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 12/21/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Contemporary Architecture
  • Apartment
  • Stucco

Interior Spaces

  • 6,660 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 3359
  • Assessor Parcel Number 8230001022

Community Details

Building Details

  • 18 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $969
  • Gardener Expense $1,980
  • Insurance Expense $7,224
  • Other Expense $420
  • Pest Control $1,071
  • Trash Expense $3,222
  • Water Sewer Expense $3,172
  • New Taxes Expense $30,000
  • Operating Expense $48,221
  • Gross Income $167,400
  • Net Operating Income $100,440

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.19
  • Other Phone Description: 5622360088
  • Other Phone Number: 5622360088
  • Price Per Unit: 240000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3172.00
  • Zoning: WHR4*
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1980.00
  • Parcel Number: 8230001022
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 345.35

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 11.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 1071.00
  • Sewer: Sewer Paid
  • Trash Expense: 3222.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11592.00
  • Lot Size Acres: 0.2661

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 969.00
  • Gross Income: 167400.00
  • Gross Multiplier: 14.33
  • Gross Operating Income: 159030.00
  • Gross Scheduled Income: 167400.00
  • Insurance Expense: 7224.00
  • Lot Size Area: 11592.0000 Square Feet
  • Net Operating Income: 100440.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 10
  • Number With Carpet: 10
  • Number With Range: 10
  • Operating Expense: 58590.00
  • Operating Expense Percent: 35.00
  • Other Expense: 420.00
  • Other Expense Description: Gas
  • Rent Control: Yes
  • Total Actual Rent: 13920.00
  • Total Expenses: 48221.00
  • Vacancy Allowance: 8370
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 30000.00
  • Tax Census Tract: 5034.02
  • Tax Lot: 1
  • Tax Tract Number: 3359

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2021 02/03/21 Sold $2,300,000 -4.2% $345 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $2,400,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20261041

California Regional Multiple Listing Service (CRMLS)