NOT LISTED FOR SALE
15 Beds
5 Baths
5,468 Sq Ft
7,449 Sq Ft Lot

Last Sold July 19, 2022

Last sale price $1,400,000 $256 Per Sq Ft

30 Days on Market

Highlights

  • 0.17 Acre Lot
  • 4 Car Detached Garage
  • Gated Home
  • Balcony
  • Bathtub with Shower
  • East Facing Home

About This Home

As of July 2022

1113 Pacific Avenue presents an opportunity for a purchaser to follow the lead of the current ownership in a value-add apartment complex located in the Willmore District. With significant gross square footage available, rent increases and vacancies can result in a considerable improvement of income, and a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. The property has been operated as a 4 Unit for 20+ years, although is listed on the assessor as a 5-Unit. Featuring: 4 Units Across 2 Structures; One 6 Bedroom + 2 Bathroom Ground Floor Unit, One 4 Bedroom +1 Bathroom Unit, *One 3 Bedroom + 1 Bathroom House*, One 2 Bedroom + 1 Bathroom Unit; 5,468 Gross Square Feet; Individually Metered For Electricity & Gas - House Pays Own Water; 4 Garage Spaces; LBCO Zoning; 7,447 SF Lot

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 05/09/2022

Last Buyer's Agent

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 7,447 Sq Ft Lot
  • East Facing Home
  • Gated Home

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 5,468 Sq Ft Home
  • 2-Story Property
  • Oven
  • Laundry in unit

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 5 Bathrooms
  • Bathtub with Shower

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Additional Features

  • Balcony
  • City Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7272-005-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

7,447 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5468
  • Lot Acreage: 0.1710
  • Probate: No
  • Stories: 2
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven
  • Bedrooms: 15
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 256.04

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony, Two On A Lot
  • Other Structures: Other
  • Construction: Frame and Stucco
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Detached
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 61.86
  • Assessed Improvement Value: 401403
  • Assessed Land Percent: 38.14
  • Assessed Land Value: 247528
  • Total Assessed Value: 648931
  • Assessor Parcel Number: 7272-005-011
  • Lot Location: City
  • Lot Size Area: 7447

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.92
  • Number Of Units: 4
  • Type Of Units: Large
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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
07/19/2022 07/19/22 Sold $1,400,000 0.0% $256 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $1,400,000 -- $256 / Sq Ft
Source: The MLS

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 $18,922 $1,456,560 $884,340 $572,220
2024 $18,922 $1,428,000 $867,000 $561,000
2023 $18,605 $1,400,000 $850,000 $550,000
2022 $9,023 $661,909 $252,478 $409,431
2021 $8,812 $648,931 $247,528 $401,403
2020 $8,788 $642,278 $244,990 $397,288
2019 $8,687 $629,686 $240,187 $389,499
2018 $8,373 $617,340 $235,478 $381,862
2016 $7,682 $593,370 $226,335 $367,035
2015 $7,387 $584,458 $222,936 $361,522
2014 $7,357 $573,010 $218,569 $354,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-155515

The MLS
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