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

Sale Details

Date 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
  • Level Lot
  • No HOA
  • South Facing Home
  • 1-Story Property

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

  • 18,610 Sq Ft 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 in unit

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

0.43 Acres

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

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
Jun 9, 2017
Closed on
Jun 30, 2017
Sold by
Bought by
Seller's Agent
Amy Wang
High Ten Partners, Inc.
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$1,450,000
Sold Price
$1,420,000
Premium/Discount to List
-$30,000
-2.07%

Purchase Details

Closed on
Nov 5, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0334%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 24, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,420,000 Old Republic Title
$825,000 Fidelity National Title Co
$250,000 First American
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
Previous Owner $500,000
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
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

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
2025 $23,234 $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

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17130142

California Regional Multiple Listing Service (CRMLS)
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