NOT LISTED FOR SALE

Estimated Value: $6,878,198 - $7,114,000

28 Beds
29 Baths
10,071 Sq Ft
$696/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $7,150,000 $710 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $44,749/month

16 Days on Market

Highlights

  • Gated Parking
  • Parking Storage or Cabinetry
  • Gated Home
  • Balcony
  • Central Heating and Cooling System

About This Home

As of July 2022

The 9-unit apartment building features 10,071 square feet of rentable area situated on a 6,000-square foot lot. The property is composed of nine two-bedroom/two-bathroom units. In addition each unit features European finishes through out with hardwood floors, high ceilings, stainless steel appliances, recessed lighting, open floor-plans, washer & dryer in units. The building has been well maintained and offers a roof top deck with gorgeous vies of the city, BBQ area, sun deck, fire pit, dining area, gated on-site parking and entry for tenants.

Last Agent to Sell the Property

tony azzi

Tony Azzi License #00910513 Listed on: 05/02/2022

Last Buyer's Agent

Elias Donay

Universal Capital Investments License #00695566

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $88,738

Year Built

  • Built in 2014

Lot Details

  • 6,000 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 10,071 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 29 Bathrooms

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Gated Parking

Additional Features

  • Balcony
  • Central Heating and Cooling System

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4262-013-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$88,738

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 10071
  • Lot Acreage: 0.1377
  • Stories: 4
  • Year Built: 2014
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 28
  • Laundry: In Unit
  • Total Bathrooms: 29.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Elevator
  • Price Per S Q F T: 727.34

Exterior Features

  • Other Features: Balcony
  • Other Structures: None

Garage/Parking

  • Parking Garage: Built-In Storage, Gated Underground, Gated

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 55.26
  • Assessed Improvement Value: 4195794
  • Assessed Land Percent: 44.74
  • Assessed Land Value: 3397524
  • Total Assessed Value: 7593318
  • Assessor Parcel Number: 4262-013-001
  • Lot Size Area: 6000

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 20.49
  • Number Of Units: 9
  • Total Annual Expense: 148951
  • Type Of Units: Large 2Bdr
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Jul 1, 2022
Sold by
Laura J Ciaramella Revocable Trust
Bought by
Idaho Bracha Llc
Seller's Agent
tony azzi
Tony Azzi
Buyer's Agent
Elias Donay
Universal Capital Investments
List Price
$7,325,000
Sold Price
$7,150,000
Premium/Discount to List
-$175,000
-2.39%
Current Estimated Value
$7,011,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$138,934
Avg. Annual Appreciation
-0.72%
Original Mortgage
$1,000,000
Outstanding Balance
$954,144
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$6,035,466

Purchase Details

Closed on
Mar 24, 2014
Sold by
Idaho Towers Llc
Bought by
Seibert Michael and The Joseph R Ciaramella & Laura Johnson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,225,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2011
Sold by
Nayssan Feridoun
Bought by
Idaho Towers Llc

Purchase Details

Closed on
Aug 31, 2010
Sold by
11776 Idaho Llc
Bought by
Nayssan Feridoun and Nayssan Youkhaved

Purchase Details

Closed on
Jul 15, 2010
Sold by
Martinez Alejandro M
Bought by
11776 Idaho Llc

Purchase Details

Closed on
May 6, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Martinez Alex M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 5, 2010
Sold by
Jolly Michael
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Sep 30, 2008
Sold by
Jolly Michael
Bought by
Mam Wealth Management Real Estate Fund I

Purchase Details

Closed on
Aug 1, 2006
Sold by
Chezem Family Lp
Bought by
Jolly Michael

Purchase Details

Closed on
Jun 3, 1998
Sold by
Cope Emily J
Bought by
Chezem Family Lp

Purchase Details

Closed on
May 27, 1998
Sold by
Alban Jennifer J
Bought by
Chezem Family Lp

Purchase Details

Closed on
May 19, 1998
Sold by
C Chezem Trust Chezem, Royce Jr And Carol Trs
Bought by
Chezem Family Lp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Idaho Bracha Llc $7,150,000 Old Republic Title
Seibert Michael $6,063,560 Chicago Title
Idaho Towers Llc -- None Available
Nayssan Feridoun $595,000 Chicago Title
11776 Idaho Llc -- Chicago Title
11776 Idaho Llc -- Accommodation
Martinez Alex M $475,000 Lsi Title Company
Deutsche Bank National Trust Company $492,427 None Available
Mam Wealth Management Real Estate Fund I -- Equity Title
Jolly Michael $1,000,000 California Title
Chezem Family Lp -- --
Chezem Family Lp -- --
Chezem Family Lp -- --
Chezem Family Lp -- --
Chezem Royce J -- --
Chezem Royce J -- --
Alban Jennifer J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Idaho Bracha Llc $1,000,000
Previous Owner Seibert Michael $2,000,000
Previous Owner Seibert Michael $2,225,000
Previous Owner Idaho Towers Llc $2,550,000
Previous Owner Martinez Alex M $285,000
Previous Owner Jolly Michael $185,000
Previous Owner Jolly Mike $70,000
Previous Owner Black Butte Development Inc $37,000
Previous Owner Jolly Michael $831,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $7,150,000 -2.4% $710 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $7,325,000 0.0% $727 / Sq Ft
03/27/2015 03/27/15 Rented $3,000 -9.0% --
03/27/2015 03/27/15 Under Contract -- -- --
02/06/2015 02/06/15 For Rent $3,295 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $88,738 $7,438,860 $4,109,580 $3,329,280
2024 $88,738 $7,293,000 $4,029,000 $3,264,000
2023 $86,998 $7,150,000 $3,950,000 $3,200,000
2022 $91,488 $7,745,183 $3,465,474 $4,279,709
2021 $90,367 $7,593,318 $3,397,524 $4,195,794
2019 $87,634 $7,368,098 $3,296,752 $4,071,346
2018 $87,382 $7,223,626 $3,232,110 $3,991,516
2016 $83,532 $6,943,125 $3,106,604 $3,836,521
2015 $82,298 $6,838,833 $3,059,940 $3,778,893
2014 $22,325 $1,813,546 $563,546 $1,250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-152933

The MLS

APN: 4262-013-001