NOT LISTED FOR SALE
18 Beds
6 Baths
6,336 Sq Ft
12,502 Sq Ft Lot

Last Sold March 29, 2013

Last sale price $1,080,000 $170 Per Sq Ft

337 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Turnkey

About This Home

As of March 2013

Pride of ownership and easy to manage building in excellent condition. Beautiful 6 unit building in great rental area. All very large 3 bedroom 1.5 baths There are 14 Parking places, 6 covered, 6 open and 2 unassigned. Nice large laundry room with leased machines. Roof approx 4 years old, new water heater. Responsible long term tenants, very low vacancy factor. Money maker

Last Agent to Sell the Property

John Morrison

T-REX REAL ESTATE SERVICES License #01248368 Listed on: 04/23/2012

T-REX REAL ESTATE SERVICES

Last Buyer's Agent

Ching Wong

UNITED R.E.- LOS ANGELES License #00956871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.29

Home Design

  • 6,336 Sq Ft Home
  • Ranch Style House
  • Turnkey
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 14 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Disposal
  • 12,490 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Tax Tract Number 10827
  • Assessor Parcel Number 8114001022

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $609
  • Insurance Expense $1,943
  • Maintenance Expense $1,197
  • Supplies Expense $1,975
  • Trash Expense $1,796
  • Water Sewer Expense $3,371
  • New Taxes Expense $10,072
  • Gross Income $7,610
  • Net Operating Income $76,851

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.29 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 6.60
  • Supplies Expense: 1975.00
  • Water Sewer Expenses: 3371.00
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 8114001022
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 170.45

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Trash Expense: 1796.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 12490.00
  • Lot Size Acres: 0.2870

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1056
  • Electric Expense: 609.00
  • Gross Income: 7610.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 91320.00
  • Insurance Expense: 1943.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12490.0000 Square Feet
  • Maintenance Expense: 1197.00
  • Net Operating Income: 76851.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Patio: 3
  • Operating Expense: 12642.00
  • Rent Control: No
  • Total Actual Rent: 89700.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 10072.00
  • Tax Area: 6549
  • Tax Lot: 18
  • Tax Tract Number: 10827
  • Tax Year: 2011
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

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
03/29/2013 03/29/13 Sold $1,080,000 -9.2% $170 / Sq Ft
03/26/2013 03/26/13 Pending -- -- --
04/23/2012 04/23/12 For Sale $1,189,000 -- $188 / 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 $19,225 $1,329,933 $788,109 $541,824
2024 $19,225 $1,303,856 $772,656 $531,200
2023 $18,926 $1,278,291 $757,506 $520,785
2022 $18,225 $1,253,227 $742,653 $510,574
2021 $18,640 $1,228,655 $728,092 $500,563
2019 $18,093 $1,192,215 $706,498 $485,717
2018 $17,304 $1,168,840 $692,646 $476,194
2016 $15,911 $1,123,453 $665,750 $457,703
2015 $15,744 $1,106,578 $655,750 $450,828
2014 $15,429 $1,084,902 $642,905 $441,997
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12051300

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

Ask me questions while you tour the home.