NOT LISTED FOR SALE
-- Beds
1 Bath
3,870 Sq Ft
6,502 Sq Ft Lot

Sale Details

Date Sold: August 12, 2016

Last sale price $1,100,000 $284 Per Sq Ft

21 Days on Market

Highlights

  • Fireplace in Bathroom
  • No HOA
  • Bungalow
  • Wilson High School Rated A
  • Home Security System
  • Laundry Facilities

About This Home

As of August 2016

Great investment of a single story apartment building that is well maintained fully occupied and generates positive income. Partial copper plumbing nearly 90% of the bldg., aluminum windows, owner has repainted, added security cameras and security gated, has a separate laundry room. Never a problem filling any vacancies and is 100% occupied. Easy access to transit and shopping. Owners first building and after all the years in apartment ownership is now selling to retire form the business. Seller has a 4 unit building one blocks away that would prefer to sell together. Other building located at 1143 Junipero Ave. May be special pricing if purchased together and buyer can get in with 30% down payment.
Perfect for the experienced investor seeking to add to their portfolio or the person just starting off in the business.

Last Agent to Sell the Property

Sophia De La Vara

Keller Williams License #01127097 Listed on: 05/04/2016

Keller Williams

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,502 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Security Fence
  • Wrought Iron Fence
  • Paved or Partially Paved Lot

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Property Attached
  • Raised Foundation
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,870 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Window Screens
  • Electric Cooktop
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bathroom
  • Fireplace in Bathroom

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Source of electricity is unknown
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 8
  • Tax Tract Number 3695
  • Assessor Parcel Number 7261033021

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,350
  • Maintenance Expense $5,130
  • Other Expense $6,600
  • Pest Control $360
  • Professional Management Expense $5,130
  • New Taxes Expense $15,438
  • Gross Income $8,550
  • Net Operating Income $65,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

6,502 Sq Ft Lot

Listing Details

  • CapRate: 5.26
  • Professional Management Expense: 5130.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Security System
  • View: No
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7261033021
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 284.24
  • Window Features: Insulated Windows, Screens

Exterior Features

  • Foundation: Raised
  • Fencing: Security, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Water Heater Central
  • Electric: Electricity - Unknown
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 360.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Sewer
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6502.00
  • Price Per Lot Square Foot: 169.18

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average Studio Area: 322
  • Gross Income: 8550.00
  • Gross Multiplier: 11.93
  • Gross Scheduled Income: 102600.00
  • Insurance Expense: 2350.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 5130.00
  • Net Operating Income: 65015.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Range: 12
  • Operating Expense: 35408.00
  • Other Expense: 6600.00
  • Other Expense Description: utilitie
  • Rent Control: No
  • Total Actual Rent: 8550.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15438.00
  • Tax Area: 11-933
  • Tax Lot: 8
  • Tax Tract Number: 3695
  • Tax Year: 2015

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
$2,100,000 Ticor Title Company
Kbls Llc -- Fidelity National Title Comp
Kbls Llc $1,100,000 Wfg Title Company Of Ca
Marsh Robert M -- --
Marsh Robert M -- Lawyers Title Company
The Imel Family Ltd Partnership -- --
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 $1,330,000
Closed Lb View Inc $1,470,000
Previous Owner Kbls Llc $1,225,000
Previous Owner Kbls Llc $825,000
Previous Owner Marsh Robert M $660,000
Previous Owner Marsh Robert M $455,000
Previous Owner Marsh Robert M $229,500
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
03/05/2025 03/05/25 Off Market $1,495 -- --
01/31/2025 01/31/25 For Rent $1,495 0.0% --
08/12/2016 08/12/16 Sold $1,100,000 -10.9% $284 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $1,235,000 -- $319 / 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 $31,219 $2,342,585 $1,338,620 $1,003,965
2025 $31,219 $2,296,653 $1,312,373 $984,280
2024 $29,881 $2,251,622 $1,286,641 $964,981
2023 $29,358 $2,207,473 $1,261,413 $946,060
2022 $27,557 $2,164,190 $1,236,680 $927,510
2021 $27,000 $2,121,756 $1,212,432 $909,324
2020 $26,932 $2,100,480 $1,200,000 $900,480
2019 $15,549 $1,144,920 $728,280 $416,640
2018 $15,107 $1,122,480 $714,000 $408,480
2016 $5,213 $324,577 $152,742 $171,835
2015 $5,035 $319,702 $150,448 $169,254
2014 $5,069 $313,440 $147,501 $165,939
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16094325

California Regional Multiple Listing Service (CRMLS)
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