NOT LISTED FOR SALE
14 Beds
10 Baths
6,564 Sq Ft
0.43 Acres

Last Sold July 12, 2017

Last sale price $1,420,000 $216 Per Sq Ft

17 Days on Market

Highlights

  • 18,610 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • South Facing Home
  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of July 2017

10 single story units, five units side by side, four 2/1, six 1/1, rents below market, potential to raise rents, long term tenants, minimal maintenance, easy to manage. 10 garages behind the building with alley access and laundry facility.

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 06/09/2017

High Ten Partners, Inc.

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • South Facing Home
  • Level Lot

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 6,564 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 17174
  • Assessor Parcel Number 8323015005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Insurance Expense $5,231
  • Maintenance Expense $1,440
  • Trash Expense $3,832
  • Water Sewer Expense $4,000
  • New Taxes Expense $18,125
  • Operating Expense $33,028
  • Gross Income $101,616
  • Net Operating Income $68,588

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.73
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 4000.00
  • Zoning: POR301
  • Property Type: Residential Income
  • Parcel Number: 8323015005
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 216.33
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, On Site
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3832.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 18610.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 101616.00
  • Gross Multiplier: 14.26
  • Gross Operating Income: 106616.00
  • Gross Scheduled Income: 101616.00
  • Gross Spendable Income: 68588.00
  • Insurance Expense: 5231.00
  • Laundry Income: 600.00
  • Maintenance Expense: 1440.00
  • Net Operating Income: 68588.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 33028.00
  • Rent Control: No
  • Total Actual Rent: 8550.00
  • Total Expenses: 33028.00

Tax Info

  • New Taxes Expense: 18125.00
  • Tax Census Tract: 4027.02
  • Tax Lot: 5
  • Tax Tract Number: 17174
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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
07/12/2017 07/12/17 Sold $1,420,000 -2.1% $216 / Sq Ft
06/09/2017 06/09/17 For Sale $1,450,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,374 $1,615,712 $1,024,044 $591,668
2024 $21,374 $1,584,032 $1,003,965 $580,067
2023 $20,965 $1,552,974 $984,280 $568,694
2022 $20,641 $1,522,525 $964,981 $557,544
2021 $20,167 $1,492,672 $946,060 $546,612
2019 $20,585 $1,448,400 $918,000 $530,400
2018 $19,095 $1,420,000 $900,000 $520,000
2016 $11,962 $858,193 $416,094 $442,099
2015 $11,862 $845,303 $409,844 $435,459
2014 $11,828 $828,745 $401,816 $426,929
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17130142

California Regional Multiple Listing Service (CRMLS)