NOT LISTED FOR SALE
12 Beds
8 Baths
6,632 Sq Ft
0.3 Acres

Last Sold March 11, 2014

Last sale price $1,138,000 $172 Per Sq Ft

26 Days on Market

Highlights

  • 0.3 Acre Lot
  • Double Pane Windows
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • Carpet

About This Home

As of March 2014

Great building with 5 large units, 3 Bedroom 2 1/2 Bathroom each. Owner purchased this property in 1988 as new construction. This area is in high demand and the price is flexible. Seller would consider delivering a few units vacant. This property needs some cosmetic work in the interior of the units. After some repairs building could perform much better. BUYER/AGENT DO NOT DISTURB THE TENANTS By Appointment ONLY!! Area rents very fast. average market rents for 3 bed 2 1/2 bath is $1650. LOTS OF POTENTIAL FOR THE RIGHT INVESTOR.

Last Agent to Sell the Property

Sergio Martinez

Pak Home Realty License #01358473 Listed on: 12/24/2013

Pak Home Realty

Last Buyer's Agent

Sergio Martinez

Pak Home Realty License #01358473 Listed on: 12/24/2013

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 6,632 Sq Ft Home
  • Double Pane Windows
  • Carpet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 5 / B
  • Assessor Parcel Number 8549027016

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $900
  • Maintenance Expense $1,000
  • Trash Expense $2,040
  • Water Sewer Expense $3,900
  • New Taxes Expense $14,000
  • Gross Income $6,800
  • Net Operating Income $57,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.3 Acres

Parking

10

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3900.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8549027016
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 171.59
  • Room Type: All Bedrooms Up
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 10.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 2040.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13199.00
  • Lot Size Acres: 0.3030

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 6800.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 13199.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 57700.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 23300.00
  • Rent Control: No
  • Total Actual Rent: 81000.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Block: B
  • Tax Lot: 5
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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 List to Sale Price per Sq Ft
03/11/2014 03/11/14 Sold $1,138,000 -5.2% $172 / Sq Ft
01/09/2014 01/09/14 Pending -- -- --
12/14/2013 12/14/13 For Sale $1,200,000 -- $181 / 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 $19,869 $1,395,022 $858,100 $536,922
2024 $19,869 $1,367,670 $841,275 $526,395
2023 $19,559 $1,340,854 $824,780 $516,074
2022 $18,827 $1,314,563 $808,608 $505,955
2021 $19,265 $1,288,788 $792,753 $496,035
2020 $18,702 $1,275,574 $784,625 $490,949
2019 $18,338 $1,250,564 $769,241 $481,323
2018 $17,570 $1,226,044 $754,158 $471,886
2016 $16,162 $1,178,437 $724,874 $453,563
2015 $15,990 $1,160,737 $713,986 $446,751
2014 $12,877 $918,493 $306,160 $612,333
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13248757

California Regional Multiple Listing Service (CRMLS)
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