NOT LISTED FOR SALE
8 Beds
4 Baths
3,895 Sq Ft
7,623 Sq Ft Lot

Sale Details

Date Sold: June 12, 2017

Last sale price $1,565,000 $402 Per Sq Ft

7 Days on Market

Highlights

  • Balcony
  • Fenced
  • Carpet
  • Courtyard
  • Level Lot
  • Heating Available

About This Home

As of June 2017

Great Opportunity to own two side by side fourplexes for a total of 8 units. Excellent Unit mix with one 3 bedroom 1 bath with yard, 2- 2/1's and one 1/1. Carport parking underneath and a large laundry room, which is currently being used for storage. Plenty of room for upside potently with a little TLC, building looks a little rough but solid. Great Location close to everything. Most repairs appear to be cosmetic only. Seller would prefer to sell with 1165 Francisco Ave. Also on MLS. Please do not bother tenants, write any offer subject to Inspection

Last Agent to Sell the Property

Donald Hutchison

Sunset View Properties License #00915252 Listed on: 04/17/2017

Last Buyer's Agent

Lungwen Wang

Realty Pro License #01040338

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,623 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,895 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 3 Carport Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Heating Available
  • Vented Exhaust Fan
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $104,880

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $2,000
  • Maintenance Expense $2,100
  • Utility Expense $3,450
  • Trash Expense $2,040
  • Operating Expense $24,401
  • Gross Income $102,782

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,623 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Unknown
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3895
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Countertop - Formica, Exhaust Fan, Oven - Electric, Oven Range - Electric
  • Living Sq Ft: 3895
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Courtyard, Fenced, Sprinklers - Auto
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 3

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1750
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7630.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7630.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.25
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas
  • Expense Insurance: 2000
  • Expense Landscape: 900
  • Expense Maintenance: 2100
  • Expenses Total: 24401
  • Expenses Utility: 3450
  • Expense Trash: 2040
  • Income Annual Gross: 102782.00
  • Income Annual Rental: 104880
  • Income Gross Scheduled: 104880
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Heating
  • Vacancy Factor: 2

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 17, 2017
Closed on
Jun 6, 2017
Sold by
Thomas Ronald C and Halog Dionisio C
Bought by
Seller's Agent
Donald Hutchison
Sunset View Properties
Buyer's Agent
Lungwen Wang
Realty Pro
List Price
$1,599,000
Sold Price
$1,565,000
Premium/Discount to List
-$34,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2015
Sold by
Thomas Nanette A
Bought by
Thomas Ronald C

Purchase Details

Closed on
Apr 28, 2006
Sold by
Mcclenahan Charles G and Mcclenahan Lydia M
Bought by
Thomas Ronald C and Thomas Nanette A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
8.19%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 14, 2006
Sold by
Mcclenahan Charles G and Mcclenahan Lydia M
Bought by
Mcclenahan Charles G and Mcclenahan Lydia M

Purchase Details

Closed on
May 6, 2003
Sold by
Mcclenahan Charles G and Mcclenahan Lydia M
Bought by
Mcclenahan Charles G and Mcclenahan Lydia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,200
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
$1,565,000 Old Republic Title Company
Thomas Ronald C -- None Available
Thomas Ronald C $900,000 Stewart Title Of Ca Inc
Mcclenahan Charles G -- None Available
Mcclenahan Charles G -- Stewart Title Of California
Mcclenahan Charles G -- Stewart Title Of California
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 $981,000
Closed Wang Lung Wen $1,120,000
Previous Owner Thomas Ronald C $720,000
Previous Owner Mcclenahan Charles G $145,200
Previous Owner Mcclenahan Charles G $150,000
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
06/12/2017 06/12/17 Sold $1,565,000 -2.1% $402 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $1,599,000 -- $411 / Sq Ft
Source: MLSListings

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 $24,256 $1,852,634 $1,308,091 $544,543
2025 $23,444 $1,816,309 $1,282,443 $533,866
2024 $23,444 $1,780,697 $1,257,298 $523,399
2023 $23,004 $1,745,783 $1,232,646 $513,137
2022 $22,835 $1,711,553 $1,208,477 $503,076
2021 $22,433 $1,677,994 $1,184,782 $493,212
2020 $21,985 $1,660,789 $1,172,634 $488,155
2019 $21,765 $1,628,226 $1,149,642 $478,584
2018 $21,183 $1,596,300 $1,127,100 $469,200
2017 $14,743 $1,059,739 $647,620 $412,119
2016 $13,911 $1,038,961 $634,922 $404,039
2015 $13,971 $1,023,355 $625,385 $397,970
2014 -- $1,003,310 $613,135 $390,175
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81647040

MLSListings

APN: 284-27-020

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