NOT LISTED FOR SALE
9 Beds
8 Baths
5,861 Sq Ft
6,093 Sq Ft Lot

Last Sold April 10, 2025

Last sale price $2,218,052 $378 Per Sq Ft

21 Days on Market

About This Home

As of April 2025

Introducing a rare opportunity to own a well-managed 5-unit multifamily property in the highly desirable Pico-Robertson neighborhood. This prime property offers an exceptional investment opportunity with significant value-add potential, as rents are 23% below market. Situated on a charming tree-lined street, the building features large, well-maintained units, including (1) three-bedroom, (2) two-bedroom, and (2) one-bedroom apartments. The three-bedroom unit boasts an expansive private patio, making it ideal for an owner-occupier. Recent upgrades include a brand-new roof (2023), earthquake retrofit (2019), and updated electrical and plumbing as needed. Additional highlights include 9 parking spaces, an on-site laundry facility, and individually metered gas and electric utilities, enhancing Tenant convenience and operational efficiency. Located in a highly walkable location, just minutes from top-tier restaurants, retail, parks and amenities, this property is a rare gem for investors and possible owner-occupiers. With strong long-term appreciation potential and immediate income upside, this is an opportunity not to be missed!

Last Agent to Sell the Property

Trevor Bergher

Westside Estate Agency Inc. License #02103899 Listed on: 03/03/2025

Westside Estate Agency Inc.

Last Buyer's Agent

Roya Souferzadeh

Landmark Realtors, Inc. License #01366262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,093 Sq Ft Lot

Interior Spaces

  • 5,861 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 9 Parking Spaces
  • Carport
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4332-021-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5861
  • Lot Acreage: 0.1399
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 357.45

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Carport, Covered Parking, Uncovered
  • Total Parking: 9

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 37.67
  • Assessed Improvement Value: 714548
  • Assessed Land Percent: 62.33
  • Assessed Land Value: 1182161
  • Total Assessed Value: 1896709
  • Assessor Parcel Number: 4332-021-011
  • Lot Size Area: 6093

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.70
  • Number Of Units: 5
  • Total Annual Expense: 43495
  • Type Of Units: 1+1 2+2 3+2
  • Vacancy Rate: 0

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 Change Sq Ft Price
04/10/2025 04/10/25 Sold $2,218,052 +5.9% $378 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $2,095,000 -- $357 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25505555

The MLS