NOT LISTED FOR SALE
12 Beds
4 Baths
6,864 Sq Ft
10,276 Sq Ft Lot

Sale Details

Date Sold: March 29, 2013

Last sale price $900,000 $131 Per Sq Ft

39 Days on Market

About This Home

As of March 2013

The subject property consists of (8) Three bedroom one bath units. The previous owner rehabbed the units by
installing tile flooring, showers, and granite countertops in the kitchens. The property is a BANK REO and must be purchased ALL CASH
and is sold “as-is” without any credits or repairs
There are currently two vacancies. Buyer to verify all information pertaining to the property and shall make all investigations into such on their own. Broker or seller makes no representations to any information regarding the property.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 02/01/2013

Last Buyer's Agent

OUT OF AREA OUT OF AREA

OUT OF AREA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 10,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 6,864 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Parking Available
  • Gated Parking

Listing and Financial Details

  • Tax Lot 97
  • Tax Tract Number 5475
  • Assessor Parcel Number 6063032031

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $1,716
  • Maintenance Expense $7,195
  • Other Expense $500
  • Pest Control $420
  • Trash Expense $5,148
  • Water Sewer Expense $5,148
  • New Taxes Expense $14,016
  • Gross Income $9,993
  • Net Operating Income $79,778

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

10,276 Sq Ft Lot

Listing Details

  • CapRate: 8.40
  • Property Attached: Yes
  • Water Sewer Expenses: 5148.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6063032031
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 131.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 420.00
  • Trash Expense: 5148.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10276.00
  • Lot Size Acres: 0.2360

Multi Family

  • Gross Income: 9993.00
  • Gross Multiplier: 7.92
  • Gross Scheduled Income: 119916.00
  • Gross Spendable Income: 79778.00
  • Insurance Expense: 1716.00
  • Lot Size Area: 10276.0000 Square Feet
  • Maintenance Expense: 7195.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 79778.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 34143.00
  • Operating Expense Percent: 28.50
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Other Income Description: Billboard
  • Rent Control: No
  • Total Actual Rent: 9950.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14016.00
  • Tax Lot: 97
  • Tax Tract Number: 5475

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
Feb 1, 2013
Closed on
Mar 19, 2013
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
OUT OF AREA OUT OF AREA
OUT OF AREA
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0349%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2013
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
$750,000
Interest Rate
0.0349%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2007
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
$918,750
Interest Rate
0.0614%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2001
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
$242,000
Interest Rate
0.0687%
Mortgage Type
Seller Take Back
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
$900,009 Chicago Title Company
$719,938 Servicelink
-- Chicago Title Co
-- --
$380,000 Investors Title Company
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 $950,000
Closed $1,000,000
Closed $728,000
Closed $750,000
Previous Owner $918,750
Previous Owner $1,000,000
Previous Owner $46,000
Previous Owner $9,000
Previous Owner $40,000
Previous Owner $242,000
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
03/29/2013 03/29/13 Sold $900,000 -5.3% $131 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $950,000 -- $138 / 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 $15,834 $1,108,271 $430,993 $677,278
2024 $15,559 $1,086,542 $422,543 $663,999
2023 $15,285 $1,065,238 $414,258 $650,980
2022 $14,655 $1,044,352 $406,136 $638,216
2021 $14,449 $1,023,875 $398,173 $625,702
2019 $14,052 $993,509 $386,364 $607,145
2018 $13,866 $974,030 $378,789 $595,241
2016 $13,174 $936,209 $364,081 $572,128
2015 $12,984 $922,148 $358,613 $563,535
2014 $13,046 $904,086 $351,589 $552,497
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13014068

California Regional Multiple Listing Service (CRMLS)
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