NOT LISTED FOR SALE
15 Beds
5 Baths
5,468 Sq Ft
7,447 Sq Ft Lot

Sale Details

Date 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

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
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

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 $19,792 $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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