NOT LISTED FOR SALE
7 Beds
6 Baths
3,963 Sq Ft
0.58 Acre Lot

Sale Details

Date Sold: March 14, 2023

Last sale price $1,300,000 $328 Per Sq Ft

63 Days on Market

About This Home

As of March 2023

JUST REDUCED!! Great investment opportunity! These 5 units are located in an excellent location with easy access to freeway and shopping district. The main unit has 3 bedrooms and 2 baths approximately 1659 SF; four units are 1 bedroom 1 bath. These units sit on a huge lot over 25,000 SF with plenty of parking and is a desirable rental area.

Last Agent to Sell the Property

Amy Lei

KW Executive License #01370893 Listed on: 10/04/2022

KW Executive

Co-Listed By

Yi-Cheng Chu

KW Executive License #02040364

Last Buyer's Agent

Teresa Choi

IRN Realty License #01899679

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 25,098 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 20 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 3,963 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 3046
  • Assessor Parcel Number 1048431010000
  • $707 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $800
  • Insurance Expense $2,400
  • Maintenance Expense $2,500
  • Professional Management Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • Operating Expense $11,400
  • Gross Income $93,000
  • Net Operating Income $81,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0.58 Acres

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 1048431010000
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 328.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 25098.00
  • Lot Size Acres: 0.5762

Multi Family

  • Gross Income: 93000.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 25098.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 81600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 11400.00
  • Rent Control: No
  • Total Expenses: 11400.00

Tax Info

  • Tax Census Tract: 15.03
  • Tax Lot: 22
  • Tax Tract Number: 3046
  • TaxOtherAnnualAssessmentAmount: 707.00

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

Listed on
Oct 4, 2022
Closed on
Mar 3, 2023
Sold by
Bought by
Seller's Agent
Amy Lei
KW Executive
Buyer's Agent
Teresa Choi
IRN Realty
List Price
$1,580,000
Sold Price
$1,300,000
Premium/Discount to List
-$280,000
-17.72%
Views
72

Purchase Details

Closed on
Sep 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2002
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
$200,000
Interest Rate
0.0589%
Mortgage Type
Commercial
Source: Public Records
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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
$1,300,000 Ticor Title
-- --
-- --
$500,000 First American
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
Previous Owner $280,000
Previous Owner $200,000
Previous Owner $200,000
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 Prior Sale
03/14/2023 03/14/23 Sold $1,300,000 -12.2% $328 / Sq Ft
10/20/2022 10/20/22 Price Changed $1,480,000 -6.3% $373 / Sq Ft
10/04/2022 10/04/22 For Sale $1,580,000 +179.6% $399 / Sq Ft
02/21/2014 02/21/14 Sold $565,000 -2.6% $341 / Sq Ft View Prior Sale
01/12/2014 01/12/14 Pending -- -- --
12/08/2013 12/08/13 For Sale $580,000 -- $350 / 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
2026 $14,853 $1,649,571 $477,544 $1,172,027
2025 $14,853 $1,352,520 $468,180 $884,340
2024 $14,515 $1,326,000 $459,000 $867,000
2023 $7,246 $665,719 $212,087 $453,632
2022 $7,150 $652,665 $207,928 $444,737
2021 $7,106 $639,868 $203,851 $436,017
2020 $6,981 $633,307 $201,761 $431,546
2019 $6,921 $620,889 $197,805 $423,084
2018 $6,826 $608,714 $193,926 $414,788
2017 $6,581 $596,779 $190,124 $406,655
2016 $6,321 $585,077 $186,396 $398,681
2015 $6,278 $576,288 $183,596 $392,692
2014 $2,805 $258,588 $86,195 $172,393
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22214328

California Regional Multiple Listing Service (CRMLS)
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