NOT LISTED FOR SALE
8 Beds
4 Baths
3,535 Sq Ft
6,970 Sq Ft Lot

Last Sold May 15, 2014

Last sale price $765,000 $216 Per Sq Ft

67 Days on Market

About This Home

As of May 2014

Great Opportunity!! The tenants have been there for many years. One unit is 3 bedrooms, 2 units are 2 bedrooms and one unit is 1 bedroom and they all have 1 bathroom each. One 2 bedroom unit has a cozy fireplace for those cold winter nights. Each unit has their own separate gas and electric meters. A separate laundry room has coin operated washer and dryer. There are two 2 car garages and one 1 car garage with newer garage doors. Automatic sprinklers in the front yard. Income and expense information has been updated with the most recent (2013) data per sellers.

Last Agent to Sell the Property

Mary Sanchez

My Realty License #01395644 Listed on: 02/08/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,535 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 4624
  • Assessor Parcel Number 07923123

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $512
  • Insurance Expense $1,552
  • Trash Expense $1,500
  • Water Sewer Expense $3,560
  • New Taxes Expense $8,410
  • Gross Income $5,100
  • Net Operating Income $44,284

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.64
  • Property Attached: Yes
  • Water Sewer Expenses: 3560.00
  • Property Type: Residential Income
  • Parcel Number: 07923123
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 216.41

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 512.00
  • Gross Income: 5100.00
  • Gross Multiplier: 12.83
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1552.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 44284.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 16916.00
  • Rent Control: No
  • Total Actual Rent: 5020.00

Tax Info

  • New Taxes Expense: 8410.00
  • Tax Lot: 6
  • Tax Tract Number: 4624
  • Tax Year: 2013

Range of Values:

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Value Increase
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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
05/15/2014 05/15/14 Sold $765,000 -2.5% $216 / Sq Ft
04/16/2014 04/16/14 Pending -- -- --
02/08/2014 02/08/14 For Sale $785,000 -- $222 / 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: RS14028568

California Regional Multiple Listing Service (CRMLS)

APN: 079-231-23