NOT LISTED FOR SALE
6 Beds
4 Baths
4,627 Sq Ft
0.49 Acres

Last Sold May 19, 2017

Last sale price $595,000 $129 Per Sq Ft

77 Days on Market

Highlights

  • 0.49 Acre Lot
  • Forced Air Heating System
  • 1-Story Property
  • 2 Car Attached Garage
  • Carpet

About This Home

As of May 2017

Good investment opportunity. The list price for this parcel of land includes: residential duplex and a grocery store/market. The duplex was constructed in the early 90's. Unit B of the duplex was remodeled in Feb of this year (2016). The grocery store building was constructed in 1941. Current tenant/business owner upgraded the building in Jan 2014. Please do not disturb tenants or grocery store customers.

Last Agent to Sell the Property

Clay LeeHong

Peninsula Group Realty, Inc. License #01421538 Listed on: 12/13/2016

Last Buyer's Agent

Stella Rodriguez

Advantage Financial Services License #01335311

Property Details

Home Type

  • Multi-Family

Year Built

  • 1941

Lot Details

  • 0.49 Acre Lot

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,627 Sq Ft Home
  • 1-Story Property
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $44,400
  • 24 Month Lease Term
  • Month-to-Month Lease Term
  • Renewal Option

Community Details

Overview

  • 4,627 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Manager Expense $2,500
  • Other Expense $100
  • Utility Expense $200
  • Operating Expense $8,259
  • Gross Income $43,512

Property Details

Home Type

Multi-Family

Year Built

1941

Lot Details

0

Parking

2

Listing Details

  • Zoning: LC-UR
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4627
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 4627
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.4900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 21344.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 21344.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, 2 Years Lease, Month To Month, Renewal Option
  • Gross Rent Multiplier: 14.08
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1000
  • Expense Maintenance: 1200
  • Expense Management: 2500
  • Expenses Other: 100
  • Expenses Total: 8259
  • Expenses Utility: 200
  • Income Annual Gross: 43512.00
  • Income Annual Rental: 44400
  • Income Gross Scheduled: 44400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2
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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
05/19/2017 05/19/17 Sold $595,000 -4.8% $129 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $625,000 0.0% $135 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
12/13/2016 12/13/16 For Sale $625,000 -- $135 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81633778

MLSListings
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