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

Sale Details

Date 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
  • Laundry Facilities
  • No HOA
  • Central Heating and Cooling System
  • 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 13,199 Sq Ft 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
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

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

Amenities

  • Laundry Facilities

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2013
Closed on
Jan 29, 2014
Sold by
Bought by
Seller's Agent
Sergio Martinez
Pak Home Realty
Buyer's Agent
Sergio Martinez
Pak Home Realty
List Price
$1,200,000
Sold Price
$1,138,000
Premium/Discount to List
-$62,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Interest Rate
4.25%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in River East, CA

See All Agents

Purchase 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 Buyer Sale Price Title Company
$1,138,000 North American Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $945,000
Previous Owner $611,000
Source: Public Records

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
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

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 $21,386 $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

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13248757

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.