NOT LISTED FOR SALE
7 Beds
4 Baths
2,650 Sq Ft
6,625 Sq Ft Lot

Last Sold May 27, 2016

Last sale price $980,000 $370 Per Sq Ft

57 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Landscaped
  • High Ceiling
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of May 2016

Just fell out of escrow! The property successfully appraised for $985,000, but the buyer was not able to perform. There were multiple offers on round 1, so act quickly now that it is back.

11057 Hatteras is a top of the line 2015 construction duplex, consisting of 2 separate buildings on a 6,617 square foot lot. This duplex is located blocks from the trendy, ultra-gentrified NOHO Arts District. The current cap rate is better than anything you will find on the market– 6.21%! This is a huge money maker.

In the front of the property you will find a stunning 3 bedroom, 2 bathroom house with extraordinarily high ceilings, ample windows, plentiful closets, gorgeous wood flooring and most importantly, luxurious kitchens and bathrooms. This unit can be rented out during escrow for approximately $3,700. We just placed it on the rental market and are getting flooded with calls.

In the rear of the property you will find a modern, trendy 3 bedroom, 2 bathroom townhouse. This unit is already pre-rented for $2,700 with exceptionally nice, classy tenants.

Last Agent to Sell the Property

Elizabeth Maddox

No Firm Affiliation License #01921425 Listed on: 03/17/2016

Co-Listed By

Michael Moran

No Firm Affiliation License #01762038

Last Buyer's Agent

Elizabeth Maddox

No Firm Affiliation License #01921425 Listed on: 03/17/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Lot Details

  • 6,625 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Landscaped

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Unassigned Parking

Home Design

  • Copper Plumbing

Interior Spaces

  • 2,650 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 10092
  • Assessor Parcel Number 2337023015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $11,740
  • Gross Income $6,400
  • Net Operating Income $61,204

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.21
  • Other Phone Description: Michael
  • Other Phone Number: 818.720.2802
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 2337023015
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full, High Ceilings
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 369.81
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Suburban

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6625.00
  • Price Per Lot Square Foot: 147.92
  • Lot Size Acres: 0.1520

Multi Family

  • Average3 Bed Area: 1450
  • Gross Income: 6400.00
  • Gross Multiplier: 12.83
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6625.0000 Square Feet
  • Net Operating Income: 61204.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 14060.00
  • Rent Control: No
  • Vacancy Allowance: 2

Tax Info

  • New Taxes Expense: 11740.00
  • Taxes Percent: 1.19
  • Tax Lot: 30
  • Tax Tract Number: 10092

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
05/27/2016 05/27/16 Sold $980,000 -1.9% $370 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $999,000 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16006824

California Regional Multiple Listing Service (CRMLS)