NOT LISTED FOR SALE
18 Beds
6 Baths
6,336 Sq Ft
0.29 Acre Lot

Sale Details

Date 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

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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

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

Closed on
Jan 2, 2019
Sold by
Bought by

Purchase Details

Listed on
Apr 23, 2012
Closed on
Mar 26, 2013
Sold by
Bought by
Seller's Agent
John Morrison
T-REX REAL ESTATE SERVICES
Buyer's Agent
Ching Wong
UNITED R.E.- LOS ANGELES
List Price
$1,189,000
Sold Price
$1,080,000
Premium/Discount to List
-$109,000
-9.17%

Purchase Details

Closed on
Apr 20, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
4.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$1,080,000 Fidelity National Title
-- Ticor Title
$1,055,000 North American Title Co
-- --
$420,000 Lawyers Title Company
$285,000 --
$359,534 Stewart 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
Previous Owner $552,000
Previous Owner $600,000
Previous Owner $440,000
Previous Owner $315,000
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
03/29/2013 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

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 $20,677 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12051300

California Regional Multiple Listing Service (CRMLS)
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