NOT LISTED FOR SALE

Estimated Value: $2,090,982

3 Beds
3 Baths
3,611 Sq Ft
$579/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $1,469,000 $407 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,487/month

215 Days on Market

Highlights

  • Contemporary Architecture
  • Brisbane Elementary School Rated A
  • 3-minute walk to Brisbane Park

About This Home

As of May 2016

Terrific investment opportunity! 3 residential units in terrific condition + a commercial storefront downstairs that has a 5 year lease and additional potential. There is a yard in the back, plus there is a laundry room, so if the new owner puts in a coin op washer and dryer, there will be even more income! Located on the charming main street of Brisbane, this building is in a great location.

Last Agent to Sell the Property

Kathy Wall

Berkshire Hathaway Home Services California Realty License #01163766 Listed on: 08/30/2015

Berkshire Hathaway Home Services California Realty

Last Buyer's Agent

Suzan Bakalova

KW Advisors License #01931811

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • 2005

Lot Details

  • 3,006 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,611 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $101,400
  • 5 Year Lease Term

Community Details

Overview

Building Details

  • 5 Leased Units
  • Insurance Expense $1,550
  • Other Expense $806
  • Utility Expense $6,140
  • Operating Expense $19,155
  • Gross Income $101,400

Property Details

Home Type

Multi-Family

Year Built

2005

Lot Details

0

Listing Details

  • Zoning: C20000
  • Subclass: Multiple Dwellings / Structures
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3611
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2005

Interior Features

  • Living Sq Ft: 3611
  • Stories: 2
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0690
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3001.28
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3001.28

Rental Info

  • Existing Lease Term(s): 5 Years Lease, Month To Month
  • Gross Rent Multiplier: 14.78
  • Number Of Leased: 5

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1550
  • Expenses Other: 806
  • Expenses Total: 19155
  • Expenses Utility: 6140
  • Income Annual Gross: 101400.00
  • Income Annual Rental: 101400
  • Income Gross Scheduled: 101400
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Security, Utilities - Electric, Utilities - Heat, Utilities - Hot Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2019
Sold by
Bejanski Svetoslav
Bought by
Bejanski Svetoslav and Sharks Trust
Current Estimated Value
$2,090,982

Purchase Details

Listed on
Aug 30, 2015
Closed on
May 20, 2016
Sold by
Abdellatif Ahmed
Bought by
Bejanski Svetoslav
Seller's Agent
Kathy Wall
Berkshire Hathaway Home Services California Realty
Buyer's Agent
Suzan Bakalova
KW Advisors
List Price
$1,499,000
Sold Price
$1,469,000
Premium/Discount to List
-$30,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%
Original Mortgage
$925,000
Outstanding Balance
$734,439
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$1,356,543

Purchase Details

Listed on
Oct 3, 2014
Closed on
Dec 10, 2014
Sold by
Idmail Rabab M
Bought by
Abdellatif Ahmed
Seller's Agent
Wendell Jones
Realty One Group Infinity
List Price
$999,000
Sold Price
$930,000
Premium/Discount to List
-$69,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.80%

Purchase Details

Listed on
Oct 3, 2014
Closed on
Oct 27, 2014
Sold by
Canonizado Neria B and Canonizado Revocable T Neria B
Bought by
Abdellatif Ahmed and Ismail Rabab M
Seller's Agent
Wendell Jones
Realty One Group Infinity
List Price
$999,000
Sold Price
$930,000
Premium/Discount to List
-$69,000
-6.91%

Purchase Details

Closed on
Feb 14, 2005
Sold by
Khalil Mahmoud and Elamin Ranja Taj Elsir
Bought by
Canonizado Neria B and Canonizado Revocable T Neria B

Purchase Details

Closed on
Nov 6, 2003
Sold by
Saleh Salah
Bought by
Saleh Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.94%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bejanski Svetoslav -- None Available
Bejanski Svetoslav $1,469,000 First American Title Company
Abdellatif Ahmed -- None Available
Abdellatif Ahmed $930,000 First American Title Company
Canonizado Neria B $1,110,000 Fidelity National Title
Saleh Carmen -- First American Title Co
Khalil Mahmoud $450,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bejanski Svetoslav $925,000
Previous Owner Khalil Mahmoud $75,000
Closed Khalil Mahmoud $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2016 05/26/16 Sold $1,469,000 -2.0% $407 / Sq Ft
04/02/2016 04/02/16 Pending -- -- --
08/30/2015 08/30/15 For Sale $1,499,000 +61.2% $415 / Sq Ft
10/30/2014 10/30/14 Sold $930,000 -6.9% $258 / Sq Ft View Prior Sale
10/09/2014 10/09/14 Pending -- -- --
10/03/2014 10/03/14 For Sale $999,000 -- $277 / Sq Ft
Source: MLSListings

Tax History

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 $19,553 $1,738,991 $1,135,257 $603,734
2023 $19,553 $1,671,467 $1,091,175 $580,292
2022 $18,653 $1,638,694 $1,069,780 $568,914
2021 $18,437 $1,606,563 $1,048,804 $557,759
2020 $18,814 $1,590,090 $1,038,050 $552,040
2019 $18,024 $1,558,913 $1,017,697 $541,216
2018 $17,406 $1,528,347 $997,743 $530,604
2017 $17,287 $1,498,380 $978,180 $520,200
2016 $11,144 $954,182 $304,575 $649,607
2015 $10,659 $930,000 $300,000 $630,000
2014 $10,796 $950,000 $500,000 $450,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81546143

MLSListings

APN: 007-281-060