NOT LISTED FOR SALE
5 Beds
4 Baths
5,084 Sq Ft
6,455 Sq Ft Lot

Sale Details

Date Sold: November 1, 2019

Last sale price $1,421,875 $280 Per Sq Ft

126 Days on Market

About This Home

As of November 2019

SELLER MOTIVATED . Five townhouses style apartments, one 3 bed 2.5 bath and four 2 bed and 1.5 bath, five carports. Current cap rate 4.75% with upside rent. Unit A & B completely remodeled, also unit D has been upgraded Low maintenance building, laundry room.

Last Agent to Sell the Property

Francisco Arce

CJM Realty License #00934626 Listed on: 05/05/2019

Last Buyer's Agent

Rob Depaoli

Compass License #01918925

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,455 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 5,084 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 4044
  • Assessor Parcel Number 4044022018

Community Details

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,000
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $3,500
  • Professional Management Expense $2,100
  • Trash Expense $2,465
  • Water Sewer Expense $4,465
  • New Taxes Expense $21,165
  • Operating Expense $38,695
  • Gross Income $115,680
  • Net Operating Income $73,515

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,455 Sq Ft Lot

Listing Details

  • CapRate: 4.75
  • Professional Management Expense: 2100.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4465.00
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4044022018
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 279.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2465.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6455.00
  • Lot Size Acres: 0.1482

Multi Family

  • Fuel Expense: 2000.00
  • Gross Income: 115680.00
  • Gross Multiplier: 13.35
  • Gross Operating Income: 112210.00
  • Gross Scheduled Income: 115680.00
  • Insurance Expense: 1800.00
  • Laundry Income: 720.00
  • Lot Size Area: 6455.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 73515.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 34.48
  • Rent Control: No
  • Total Actual Rent: 9580.00
  • Total Expenses: 38695.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21165.00
  • Tax Census Tract: 6021.03
  • Tax Lot: 14
  • Tax Tract Number: 4044

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
11/01/2019 11/01/19 Sold $1,421,875 0.0% $280 / Sq Ft
07/10/2019 07/10/19 Off Market $1,421,875 -- --
06/18/2019 06/18/19 Price Changed $1,545,000 -3.1% $304 / Sq Ft
06/11/2019 06/11/19 Price Changed $1,594,000 -0.1% $314 / Sq Ft
05/05/2019 05/05/19 For Sale $1,595,000 -- $314 / 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
2025 $22,356 $1,675,000 $1,000,000 $675,000
2024 $20,088 $1,524,668 $643,320 $881,348
2023 $19,359 $1,494,773 $630,706 $864,067
2022 $19,637 $1,465,465 $618,340 $847,125
2021 $19,369 $1,436,731 $606,216 $830,515
2020 $19,325 $1,422,000 $600,000 $822,000
2019 $12,976 $926,553 $387,859 $538,694
2018 $12,456 $908,386 $380,254 $528,132
2016 $11,831 $873,115 $365,490 $507,625
2015 $10,896 $803,254 $207,023 $596,231
2014 $10,855 $787,520 $202,968 $584,552
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19104617

California Regional Multiple Listing Service (CRMLS)
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