NOT LISTED FOR SALE
19 Beds
10 Baths
7,432 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: August 3, 2012

Last sale price $680,000 $91 Per Sq Ft

42 Days on Market

Highlights

  • Bungalow
  • Wood Siding
  • No Heating

About This Home

As of August 2012

Existing income approx 40% below market! Center courtyard style property consisting of 2 single story and 1 two story buildings, unit mix consisting of 3 1 Bdrms, 6 2 Bdrms & 2 3 Bdrms. Property is located on a quiet street consisting mostly of single family residents adjacent to public transportation & stores. Nearly all of the tenants have been long term with below current market rents, good potential upside for new owner. Please do not disturb tenants.

Last Agent to Sell the Property

James Mann

Coldwell Banker Platinum Prop. License #00546945 Listed on: 06/06/2012

Coldwell Banker Platinum Prop.

Last Buyer's Agent

Blake Wilson-Hayden

Blake Wilson-Hayden License #01867048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 0.25

Home Design

  • 7,432 Sq Ft Home
  • Bungalow
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 204
  • Tax Tract Number 6097
  • Assessor Parcel Number 6023004014

Community Details

Overview

  • 3 Buildings
  • 11 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $24,572
  • New Taxes Expense $7,000
  • Gross Income $7,256
  • Net Operating Income $55,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0.25 Acres

Listing Details

  • Assessments: No
  • CapRate: 8.04
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6023004014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 91.50

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 7256.00
  • Gross Multiplier: 7.92
  • Gross Scheduled Income: 87072.00
  • Net Operating Income: 55500.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 31572.00
  • Other Expense: 24572.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 204
  • Tax Tract Number: 6097

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 6, 2012
Closed on
Jul 23, 2012
Sold by
Bought by
Seller's Agent
James Mann
Coldwell Banker Platinum Prop.
Buyer's Agent
Blake Wilson-Hayden
Blake Wilson-Hayden
List Price
$690,000
Sold Price
$680,000
Premium/Discount to List
-$10,000
-1.45%

Purchase Details

Listed on
Jun 6, 2012
Closed on
Jul 19, 2012
Sold by
Bought by
Seller's Agent
James Mann
Coldwell Banker Platinum Prop.
Buyer's Agent
Blake Wilson-Hayden
Blake Wilson-Hayden
List Price
$690,000
Sold Price
$680,000
Premium/Discount to List
-$10,000
-1.45%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,350
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,350
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Provident Title Company
$1,087,000 Provident Title
-- Lawyers Title
$680,000 Lawyers Title
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,326,000
Closed $1,071,000
Closed $815,000
Previous Owner $511,000
Previous Owner $21,350
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $680,000 -1.4% $91 / Sq Ft
07/18/2012 07/18/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $690,000 -- $93 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,902 $1,286,781 $710,274 $576,507
2024 $16,617 $1,261,551 $696,348 $565,203
2023 $16,316 $1,236,816 $682,695 $554,121
2022 $15,602 $1,212,565 $669,309 $543,256
2021 $15,384 $1,188,790 $656,186 $532,604
2019 $14,940 $1,153,531 $636,724 $516,807
2018 $14,740 $1,130,914 $624,240 $506,674
2016 $9,485 $707,358 $166,125 $541,233
2015 $9,360 $696,734 $163,630 $533,104
2014 $9,461 $683,087 $160,425 $522,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P824497

California Regional Multiple Listing Service (CRMLS)
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