NOT LISTED FOR SALE
12 Beds
12 Baths
7,192 Sq Ft
6,749 Sq Ft Lot Lot

Sale Details

Date Sold: June 30, 2014

Last sale price $1,555,000 $216 Per Sq Ft

16 Days on Market

About This Home

As of June 2014

Well-maintained 10-unit building is available for sale after many years of ownership. The building has 7,192 living square feet located on a 6,749 square feet lot. It was built in 1964 and has 10 units. The building represents a good mix of units: two 2+2, six 1+1, and two singles. There is laundry area on the site producing extra $300.00 income every month. Gross monthly income is $10,300. Priced to sell. 12.45 GRM

Last Agent to Sell the Property

Nick Ananyan

Titus Realty, Inc. License #01320968 Listed on: 04/26/2014

Co-Listed By

Hayk Hayrapetyan

No Firm Affiliation License #01914216

Last Buyer's Agent

Nick Ananyan

Titus Realty, Inc. License #01320968 Listed on: 04/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,749 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 12 Car Garage

Home Design

  • 7,192 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 71
  • Tax Tract Number 12561
  • Assessor Parcel Number 2338002007

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,340
  • Pest Control $720
  • Trash Expense $2,400
  • Water Sewer Expense $7,200
  • New Taxes Expense $19,237
  • Gross Income $10,678
  • Net Operating Income $95,579

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,749 Sq Ft Lot

Parking

12

Listing Details

  • CapRate: 6.21
  • Property Attached: Yes
  • Water Sewer Expenses: 7200.00
  • Property Type: Residential Income
  • Parcel Number: 2338002007
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 216.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 720.00
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6749.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10678.00
  • Gross Multiplier: 12.45
  • Gross Scheduled Income: 128136.00
  • Insurance Expense: 5340.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6749.0000 Square Feet
  • Net Operating Income: 95579.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 32557.00
  • Rent Control: Yes
  • Total Actual Rent: 10308.00

Tax Info

  • New Taxes Expense: 19237.00
  • Tax Lot: 71
  • Tax Tract Number: 12561
  • Tax Year: 2013
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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
06/30/2014 06/30/14 Sold $1,555,000 +1.0% $216 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
04/26/2014 04/26/14 For Sale $1,539,000 -- $214 / 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 $23,825 $1,906,206 $1,103,272 $802,934
2024 $23,825 $1,868,831 $1,081,640 $787,191
2023 $23,380 $1,832,188 $1,060,432 $771,756
2022 $22,327 $1,796,264 $1,039,640 $756,624
2021 $22,033 $1,761,044 $1,019,255 $741,789
2019 $21,396 $1,714,312 $989,024 $725,288
2018 $21,253 $1,680,807 $969,632 $711,175
2016 $20,251 $1,610,255 $931,981 $678,274
2015 $19,965 $1,586,068 $917,982 $668,086
2014 $7,162 $494,691 $241,019 $253,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14087132

California Regional Multiple Listing Service (CRMLS)
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