NOT LISTED FOR SALE
3 Beds
11 Baths
8,709 Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: June 11, 2024

Last sale price $1,250,000 $144 Per Sq Ft

22 Days on Market

Highlights

  • Private Yard
  • Laundry Facilities
  • Level Lot
  • Bike Trail

About This Home

As of June 2024

Drive by only! Cash offers, Property sold As Is. Sale includes a total of 4 APN#:
#1) victorian home with 5 units: 4- 1 bed/ 1 bath and 1 studio. land use is Apartment 5-14 units,
#2) Quadplex: 2 studio, 1 -1 bed/ 1 bath, 1- 2 bed/ 1 bath. land use is quad ( there is a community laundry in this building)
#3) 8 unit apartment: land use apartment 5-14 units. 6- studio's, 2- 1 bed/ 1 bath.
#4) vacant land. The total combined lot size is approx 1.41 acres. Street addresses are 1122 W Palm Ave and 1128 W Palm Ave.

Last Agent to Sell the Property

COLEEN WESSEL

Berkshire Hathaway Homeservices California Realty Brokerage Email: ColeenWesselRealtor@gmail.com License #01876811 Listed on: 04/16/2024

Berkshire Hathaway Homeservices California Realty

Last Buyer's Agent

RICARDO LOZANO

GUARDIAN REALTY License #01735590

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 19,565 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard
  • Front Yard
  • 017234113,017234112,017234117

Home Design

  • Property Attached
  • Entry on the 2nd floor

Interior Spaces

  • 8,709 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 11 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 4 / 37
  • Assessor Parcel Number 0172341140000
  • $379 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 17 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 12 Leased Units
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $34,464
  • Water Sewer Expense $14,497
  • Operating Expense $57,574
  • Gross Income $111,840
  • Net Operating Income $54,266

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0.45 Acres

Listing Details

  • Inclusions: 4 APN# 0172341130000, 0172341120000,0172341140000,017234117
  • Property Attached: Yes
  • Water Sewer Expenses: 14497.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 0172341140000
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 143.53

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 017234113,017234112,017234117
  • Land Lease: No
  • Lot Features: Front Yard, Lot Over 40000 Sqft, Level, Yard
  • Lot Size Sq Ft: 19565.00
  • Lot Size Acres: 0.4492
  • Latitude Manual: 34.03709300

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 34464.00
  • Gross Income: 111840.00
  • Gross Scheduled Income: 111840.00
  • Lot Size Area: 19565.0000 Square Feet
  • Net Operating Income: 54266.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 17
  • Operating Expense: 57574.00
  • Rent Control: No
  • Total Actual Rent: 9320.00
  • Total Expenses: 57574.00

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 83.02
  • Tax Lot: 4
  • Tax Tract Number: res...
  • TaxOtherAnnualAssessmentAmount: 379.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
May 24, 2024
Sold by
Bought by
Seller's Agent
COLEEN WESSEL
Berkshire Hathaway Homeservices California Realty
Buyer's Agent
RICARDO LOZANO
GUARDIAN REALTY
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2023
Sold by
Bought by

Purchase Details

Closed on
May 25, 2018
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$1,250,000 Lawyers Title
-- None Listed On Document
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,697,000
Closed $780,000
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
06/11/2024 06/11/24 Sold $1,250,000 0.0% $144 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/25/2024 04/25/24 Off Market $1,250,000 -- --
04/16/2024 04/16/24 For Sale $1,500,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $3,957 $306,918 $254,898 $52,020
2025 $3,957 $300,900 $249,900 $51,000
2024 $1,069 $70,269 $19,299 $50,970
2023 $1,068 $68,892 $18,921 $49,971
2022 $1,056 $67,541 $18,550 $48,991
2021 $1,071 $66,216 $18,186 $48,030
2020 $1,059 $65,538 $18,000 $47,538
2019 $1,036 $64,253 $17,647 $46,606
2018 $1,016 $836,400 $244,800 $591,600
2017 $1,009 $61,759 $16,963 $44,796
2016 $1,000 $60,548 $16,630 $43,918
2015 $995 $59,638 $16,380 $43,258
2014 $981 $58,470 $16,059 $42,411
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV24072831

California Regional Multiple Listing Service (CRMLS)
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