NOT LISTED FOR SALE
9 Beds
5 Baths
2,940 Sq Ft
0.43 Acres

Last Sold April 21, 2017

Last sale price $410,000 $139 Per Sq Ft

241 Days on Market

Highlights

  • 18,731 Sq Ft lot
  • Property is near public transit
  • 1-Story Property
  • Parkview Elementary School Rated A-
  • No HOA

About This Home

As of April 2017

Eight (8) cottages on the corner of E 9th Street and Willow.
Cal Trans has plans to install curbs, gutters, and sidewalks along the 9th Street frontage and a portion of Willow Street; not sure when improvements will be started or completed. Buyer to check with Cal Trans for additional information and/or to confirm status of improvements.
Cottages have been updated and remodeled: some rewired and some re-plumbed. Additional work is possible if desired.
Separate building has a laundry room w/ washing machine and a common bathroom and shower room.
Units are currently on septic: one large tank and two double barrel systems.
City has installed two laterals for sewer hook-up if desired and connections fees are reduced.
Single parcel has three (3) underlying lots and a parcel split may be possible.
Only one unit has complete foundation; conventional financing may not be available.
Three (3) studio units: 1191, 1197- #4, and 1197- #5 E 9th St. (share common bath)
Four (4) one bed 1 bath units: 1193, 1195, 1199, and 1197 -#1 E 9th St.
One (1) two bed 1 bath unit: 1197 E 9th St.
1197 #5 tenant has done regular and assorted misc work in exchange for partial and/or full rent credit in the past.

Last Agent to Sell the Property

John Kennedy

Kennedy Real Estate License #00935877 Listed on: 06/26/2016

Last Buyer's Agent

John Kennedy

Kennedy Real Estate License #00935877 Listed on: 06/26/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.43 Acre Lot
  • No Common Walls

Home Design

  • Combination Foundation

Interior Spaces

  • 2,940 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Rain Gutters
  • Property is near public transit
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 004332009000

Community Details

Overview

  • No Home Owners Association
  • 9 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Insurance Expense $2,000
  • Other Expense $300
  • Pest Control $400
  • Trash Expense $450
  • Water Sewer Expense $1,020
  • New Taxes Expense $4,500
  • Operating Expense $9,070
  • Gross Income $5,050
  • Net Operating Income $51,530

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1020.00
  • Property Type: Residential Income
  • Parcel Number: 004332009000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 139.46

Exterior Features

  • Foundation: Combination
  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 400.00
  • Sewer: Conventional Septic
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 18731.00
  • Price Per Lot Square Foot: 21.89

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 5050.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 51530.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 9070.00
  • Other Expense: 300.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Actual Rent: 5050.00
  • Total Expenses: 9070.00

Tax Info

  • New Taxes Expense: 4500.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/21/2017 04/21/17 Sold $410,000 0.0% $139 / Sq Ft
02/22/2017 02/22/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $410,000 0.0% $139 / Sq Ft
01/21/2017 01/21/17 Pending -- -- --
12/01/2016 12/01/16 For Sale $410,000 0.0% $139 / Sq Ft
11/30/2016 11/30/16 Off Market $410,000 -- --
07/08/2016 07/08/16 For Sale $410,000 0.0% $139 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $410,000 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16139276

California Regional Multiple Listing Service (CRMLS)