$3,150,000
$1M PRICE INCREASE

Estimated payment $20,314/month

Total Views 2,349
16 Beds
7 Baths
6,338 Sq Ft
$497 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Laundry Room
  • Bike Trail
  • Fireplace in Bathroom
  • Accessible Parking
  • Stacked Washer and Dryer

About This Home

Turnkey 7 unit asset featuring Four (4), 3-Bedroom / 1-Bath units (1,093 square feet each), 3-Bedroom / 1 Bath Detached House, (1) 1 Bedroom/1 Bath and (1) Studio. The property has been extensively renovated and minimal deferred maintenance. This garden-style property includes a secure gated entry, Four (7) Single-Car Garages, and one private uncovered driveway space. Located in an opportunity Zone with PD-30 zoning, allowing for unlimited high density residential potential. Additionally, the area is not subject to local rent control other than AB 1482. Note, this asset can also be sold with the adjacent 2 Unit Parcel with Open Land.

Listing Agent

Patrick Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 06/27/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1907

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 6,338 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 7 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 7272005011

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,923
  • Trash Expense $1,200
  • Water Sewer Expense $1,749
  • New Taxes Expense $24,804
  • Operating Expense $20,202
  • Gross Income $243,974
  • Net Operating Income $178,383

Property Details

Home Type

Apartment

Year Built

Built in 1907

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.66
  • Price Per Unit: 450000
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1749.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7272005011
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Entry Level: 1
  • Fireplace Features: Bath, Family Room, Kitchen, Living Room, Patio, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 497.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 14891.00
  • Lot Size Acres: 0.3419
  • Latitude Manual: 33.78045800

Multi Family

  • Average3 Bed Area: 1093 Square Feet
  • Gross Income: 243974.00
  • Gross Multiplier: 13.76
  • Gross Operating Income: 181468.00
  • Gross Scheduled Income: 243974.00
  • Insurance Expense: 7923.00
  • Lot Size Area: 14891.0000 Square Feet
  • Net Operating Income: 178383.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 65591.00
  • Rent Control: No
  • Total Expenses: 20202.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24804.00

Map

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
08/12/2025 08/12/25 Price Changed $3,150,000 +57.6% $497 / Sq Ft
06/27/2025 06/27/25 For Sale $1,999,000 +42.8% $315 / 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: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25141984

California Regional Multiple Listing Service (CRMLS)