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

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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

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
Apr 26, 2014
Closed on
May 28, 2014
Sold by
Ayvazyan Alensuh and Alenush Ayvazyan Trust
Bought by
Seller's Agent
Nick Ananyan
Titus Realty, Inc.
Buyer's Agent
Nick Ananyan
Titus Realty, Inc.
List Price
$1,539,000
Sold Price
$1,555,000
Premium/Discount to List
$16,000
1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,007,500
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 10, 2010
Sold by
Airapetyan Achot and Airapetyan Ashot
Bought by
Ayvazyan Alenush and Alenush Ayvazyan Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,358
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2005
Sold by
Ayvazyan Alenush and Alenush Ayvazyan Trust
Bought by
Phe Willow Management Llc

Purchase Details

Closed on
May 3, 2004
Sold by
Ayvazyan Alenush
Bought by
Ayvazyan Alenush and Alenush Ayvazyan Trust

Purchase Details

Closed on
Jul 20, 2001
Sold by
F & F Partners One
Bought by
Airapetyan Ashot and Ayvazyan Alenush

Purchase Details

Closed on
Mar 7, 1994
Sold by
Tominaga Gerald T and Tominaga Elaine
Bought by
F & F Partners One
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,555,000 Wfg Title Company
Ayvazyan Alenush -- Lawyers Title Insurance Corp
Ayvazyan Alenush -- Lawyers Title Insurance Corp
Phe Willow Management Llc -- --
Ayvazyan Alenush -- --
Ayvazyan Alenush -- --
Ayvazyan Alenush -- --
Phe Willow Management Llc -- --
Airapetyan Ashot $410,500 United Title Company
F & F Partners One -- Fidelity National Title
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
Open $1,425,000
Closed Maalouf Nabil $1,200,000
Closed Nabil Maalouf & Zeina Maalouf Family Tru $1,007,500
Previous Owner Ayvazyan Alenush $283,358
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
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

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
2026 $24,142 $1,944,329 $1,125,337 $818,992
2025 $24,142 $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

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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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