NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,242,000

4 Beds
4 Baths
1,808 Sq Ft
$615/Sq Ft Est. Value

Last Sold August 11, 2016

Last sale price $630,000 $348 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $6,784/month

51 Days on Market

Highlights

  • Fireplace in Kitchen
  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Woodrow Wilson High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of August 2016

Fantastic Investment opportunity to acquire a 4 unit multifamily building with upgrades that include dual glazed windows newer stucco, all new copper plumbing , new sewer line, all new gas lines, owner had installed separate electric meters, newer roof, newer garage doors, new fencing, upgraded wall heaters. Fully occupied and easy to rent out. This building can be purchased by itself or together with another 12 unit building located 1 block away at 1135 Dawson Avenue. May be price incentives when being purchased together. Purchase both together with only 30% down payment.

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

Michael Robinson

Broadmoor Realty, Inc. License #00597913

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 6,498 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Bungalow
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,808 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Windows
  • Insulated Doors
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Central Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 32
  • Assessor Parcel Number 7260031019

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,575
  • Maintenance Expense $2,027
  • Other Expense $1,800
  • Professional Management Expense $2,027
  • New Taxes Expense $7,863
  • Net Operating Income $25,829

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.11
  • Professional Management Expense: 2027.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7260031019
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Fireplace Features: Kitchen
  • Levels: One
  • Price Per Square Foot: 348.45
  • Room Type: All Bedrooms Down
  • Window Features: ENERGY STAR Qualified Windows

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6498.00
  • Price Per Lot Square Foot: 96.95

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 904
  • Average Studio Area: 452
  • Gross Multiplier: 12.56
  • Gross Scheduled Income: 40536.00
  • Insurance Expense: 1575.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 2027.00
  • Net Operating Income: 25829.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 15691.00
  • Other Expense: 1800.00
  • Other Expense Description: utilitie
  • Rent Control: No
  • Total Actual Rent: 3475.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7863.00
  • Tax Area: 11-933
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2018
Sold by
Stone Martin J
Bought by
Stone Lori A and Stone Martin J
Current Estimated Value
$1,112,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2018
Sold by
Beebe Fred J and Beebe Siobhan T
Bought by
Stone Martin J and Stone Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2016
Closed on
Jul 26, 2016
Sold by
Marsh Robert M
Bought by
Beebe Fred J and Beebe Siobhan T
Seller's Agent
Sophia De La Vara
Keller Williams
Buyer's Agent
Michael Robinson
Broadmoor Realty, Inc.
List Price
$629,000
Sold Price
$630,000
Premium/Discount to List
$1,000
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$472,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2005
Sold by
Marsh Robert M and Marsh Kimberly A
Bought by
Marsh Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,250
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2005
Sold by
Marsh Robert M and Marsh Kimberly A
Bought by
Marsh Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,250
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2004
Sold by
Marsh Robert M and Marsh Kimberly A
Bought by
Marsh Robert M

Purchase Details

Closed on
Oct 7, 2002
Sold by
Daniels Nancy E and Miller Charlotte J
Bought by
Marsh Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.06%

Purchase Details

Closed on
Dec 15, 1995
Sold by
Daniels Nancy E and Miller Charlotte J
Bought by
Daniels Nancy E and Miller Charlotte J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,729
Interest Rate
7.18%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stone Lori A -- Progressive Title Company
Stone Martin J $750,000 Progressive Title Company
Beebe Fred J $630,000 Wfg Title Company Of Ca
Marsh Robert M -- --
Marsh Robert M -- Lawyers Title
Marsh Robert M -- --
Marsh Robert M $228,000 First American Title Co
Daniels Nancy E -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stone Martin J $525,000
Previous Owner Beebe Fred J $472,500
Previous Owner Marsh Robert M $562,250
Previous Owner Marsh Robert M $182,400
Previous Owner Daniels Nancy E $47,729
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2016 08/11/16 Sold $630,000 +0.2% $348 / Sq Ft
06/24/2016 06/24/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $629,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $11,667 $853,367 $625,804 $227,563
2024 $11,178 $836,635 $613,534 $223,101
2023 $10,986 $820,231 $601,504 $218,727
2022 $10,319 $804,149 $589,710 $214,439
2021 $10,112 $788,383 $578,148 $210,235
2020 $10,086 $780,300 $572,220 $208,080
2019 $9,968 $765,000 $561,000 $204,000
2018 $8,351 $642,600 $459,000 $183,600
2016 $3,778 $278,938 $146,810 $132,128
2015 $3,636 $274,749 $144,605 $130,144
2014 $3,632 $269,368 $141,773 $127,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16094346

California Regional Multiple Listing Service (CRMLS)

APN: 7260-031-019