NOT LISTED FOR SALE
3 Beds
2 Baths
4,650 Sq Ft
0.25 Acres

Last Sold March 27, 2017

Last sale price $630,000 $135 Per Sq Ft

11 Days on Market

About This Home

As of March 2017

Turnkey 6 units with new kitchens, appliances, bathrooms, and more. Building has been re-piped and new water main added. Water-conserving plumbing fixtures to comply with upcoming requirements. Roof and driveway in good condition. Current rents are close to market giving property strong cash flow immediately and reflects superior condition of units. Laundry room on site for tenant convenience. Strong rental location adjacent to Acacia Middle School.
PLEASE DO NOT DISTURB MANAGER OR TENANTS. DRIVE BY ONLY.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 01/26/2017

Last Buyer's Agent

JAMIE D'ANGELO

KW VISION License #01981560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • 10,890 Sq Ft Lot
  • No Common Walls

Home Design

  • 4,650 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 152
  • Assessor Parcel Number 445262026

Community Details

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $19,853
  • Gross Income $240
  • Net Operating Income $40,326

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 6.40
  • Property Attached: No
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 445262026
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 135.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10890.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 240.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 60179.00
  • Gross Scheduled Income: 62040.00
  • Gross Spendable Income: 14334.00
  • Laundry Income: 240.00
  • Net Operating Income: 40326.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 19853.00
  • Rent Control: No
  • Total Actual Rent: 5150.00
  • Total Expenses: 19853.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 152
  • Tax Census Tract: 434.01
  • Tax Lot: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2017 03/27/17 Sold $630,000 +0.2% $135 / Sq Ft
01/26/2017 01/26/17 For Sale $629,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,270 $731,163 $139,267 $591,896
2023 $8,270 $702,773 $133,860 $568,913
2022 $8,008 $688,994 $131,236 $557,758
2021 $7,876 $675,485 $128,663 $546,822
2020 $7,786 $668,560 $127,344 $541,216
2019 $7,617 $655,452 $124,848 $530,604
2018 $7,382 $642,600 $122,400 $520,200
2017 $3,988 $336,600 $112,200 $224,400
2016 $3,960 $330,000 $110,000 $220,000
2015 $3,387 $276,459 $67,747 $208,712
2014 $3,213 $271,046 $66,421 $204,625
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17017087

California Regional Multiple Listing Service (CRMLS)

APN: 445-262-026