NOT LISTED FOR SALE

Estimated Value: $913,362 - $1,352,000

2 Beds
1 Bath
3,595 Sq Ft
$304/Sq Ft Est. Value

Last Sold June 16, 2015

Last sale price $920,000 $256 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,256/month

13 Days on Market

Highlights

  • 0.48 Acre Lot
  • Level Lot
  • Front Yard

About This Home

As of June 2015

The subject property has 2 parcels lot of 20,769 SF with APN # 8541-005-041 lot size is 10,348 SF and APN # 8541-005-040 lot size is 10421 SF, 4 single story detached apartment on-site with 3,595 rentable square footage with 6 car garage and 3 parking. Upside potential. Rent are below market. Actual cap rate is 4.5%. Pro-forma cap rate is approximately 6%.

Highlight:
4 units single story detached
6 car garage and 3 parking spaces
2 separate water meter, 4 gas meters, 4 electric meters
Huge lot size with 2 parcels # 8541-005-041 and 8541-005-040 totaling 20,769 SF

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 03/30/2015

ReMax 2000 Realty

Last Buyer's Agent

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 03/30/2015

ReMax 2000 Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.48 Acre Lot
  • No Common Walls
  • Level Lot
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • 3,595 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 11019
  • Assessor Parcel Number 8541005041

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,080
  • Insurance Expense $1,000
  • Maintenance Expense $600
  • Trash Expense $1,536
  • Water Sewer Expense $1,896
  • New Taxes Expense $14,506
  • Gross Income $4,775
  • Net Operating Income $34,963

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.48 Acres

Parking

6

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1896.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8541005041
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sewer: Sewer Paid
  • Trash Expense: 1536.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Front Yard, Level, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20769.00
  • Price Per Lot Square Foot: 44.30
  • Lot Size Acres: 0.4770

Multi Family

  • Gross Income: 4775.00
  • Gross Multiplier: 15.27
  • Gross Scheduled Income: 57300.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 20769.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 34963.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 20618.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14506.00
  • Tax Lot: 13
  • Tax Tract Number: 11019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2018
Sold by
Lew Hau Long and Choy Berta P
Bought by
Lew Hau Long and Choy Berta
Current Estimated Value
$1,091,341

Purchase Details

Listed on
Mar 30, 2015
Closed on
Apr 22, 2015
Sold by
Au Kyaun C and Au Dolly
Bought by
Lew Hau Long and Choy Berta P
Seller's Agent
Katie Chai
ReMax 2000 Realty
Buyer's Agent
Katie Chai
ReMax 2000 Realty
List Price
$875,000
Sold Price
$920,000
Premium/Discount to List
$45,000
5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.61%
Original Mortgage
$644,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lew Hau Long -- None Available
Lew Hau Long $920,000 Fatcola-Resale
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lew Hau Long $644,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $920,000 +5.1% $256 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $875,000 -- $243 / 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 $7,609 $492,750 $336,514 $156,236
2024 $7,036 $483,089 $329,916 $153,173
2023 $6,899 $473,618 $323,448 $150,170
2022 $6,648 $464,332 $317,106 $147,226
2021 $6,731 $455,229 $310,889 $144,340
2020 $6,711 $450,562 $307,702 $142,860
2019 $6,863 $441,728 $301,669 $140,059
2018 $6,654 $433,067 $295,754 $137,313
2016 $6,381 $416,252 $284,270 $131,982
2015 $3,939 $242,968 $171,360 $71,608
2014 $3,802 $238,210 $168,004 $70,206
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15062565

California Regional Multiple Listing Service (CRMLS)

APN: 8541-005-041

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