NOT LISTED FOR SALE
8 Beds
-- Bath
3,832 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: October 3, 2013

Last sale price $1,510,000 $394 Per Sq Ft

7 Days on Market

Highlights

  • Neighborhood Views
  • Level Lot
  • Carpet
  • Braly Elementary School Rated A

About This Home

As of October 2013

1272 Poplar Avenue offers an investor the unique opportunity to own a well-maintained and professionally-managed rental property in one of the healthiest and attractive sub-markets in California. 1272 Poplar Avenue is approximately 3,832 square feet situated on a 12,060 square foot parcel. The building has been extremely well-maintained and benefits from mature, low-maintenance landscaping.

Last Agent to Sell the Property

Nathan Gustavson

Marcus & Millichap License #01898316 Listed on: 08/21/2013

Marcus & Millichap

Last Buyer's Agent

Nathan Gustavson

Marcus & Millichap License #01898316 Listed on: 08/21/2013

Marcus & Millichap

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Lot Details

  • 0.27

Home Design

  • Quadruplex
  • Floor Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,832 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Neighborhood Views
  • Oven or Range

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $76,800
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 4 Units
  • 3,832 Sq Ft Building

Building Details

  • Gardener Expense $529
  • Insurance Expense $1,205
  • Maintenance Expense $2,010
  • Utility Expense $1,668
  • Trash Expense $1,080
  • Operating Expense $26,665
  • Gross Income $75,855

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0.27 Acres

Listing Details

  • Zoning: R1AB
  • Subclass: Fourplex
  • Sale Price Per Sq Ft: 394.05
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3832
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 3832
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1, Off-Street Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12060.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12060.00
  • Lot Size Area Min Search: 12060.00
  • Maximum Lot Size: 12060.00

Green Features

  • Energy Features: Walls Insulated, Insulation - Floor

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.12

Multi Family

  • Expense Insurance: 1205
  • Expense Landscape: 529
  • Expense Maintenance: 2010
  • Expenses Total: 26665
  • Expenses Utility: 1668
  • Expense Trash: 1080
  • Expense Water Sewer: 2808
  • Income Annual Gross: 75855.00
  • Income Annual Rental: 76800
  • Income Gross Scheduled: 78201
  • Income Includes: Laundry, Lease
  • Income Laundry: 1401
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 3
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Accounting/Legal, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2346
  • Vacancy Factor: 3

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
Aug 21, 2013
Closed on
Sep 12, 2013
Sold by
Bought by
Seller's Agent
Nathan Gustavson
Marcus & Millichap
Buyer's Agent
Nathan Gustavson
Marcus & Millichap
List Price
$1,495,000
Sold Price
$1,510,000
Premium/Discount to List
$15,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
0.0446%
Mortgage Type
Farmers Home Administration

Purchase Details

Closed on
Mar 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- First American Title Insuran
-- Alliance Title Company
-- --
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 $860,000
Closed $956,000
Closed $961,000
Closed $965,000
Previous Owner $615,000
Previous Owner $224,000
Previous Owner $274,000
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
10/03/2013 10/03/13 Sold $1,510,000 +1.0% $394 / Sq Ft
08/28/2013 08/28/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $1,495,000 -- $390 / Sq Ft
Source: MLSListings

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 $21,289 $1,857,169 $1,360,701 $496,468
2024 $21,289 $1,820,755 $1,334,021 $486,734
2023 $21,073 $1,785,055 $1,307,864 $477,191
2022 $20,715 $1,750,055 $1,282,220 $467,835
2021 $20,640 $1,715,741 $1,257,079 $458,662
2020 $20,266 $1,698,149 $1,244,190 $453,959
2019 $20,240 $1,664,853 $1,219,795 $445,058
2018 $18,936 $1,632,210 $1,195,878 $436,332
2017 $18,830 $1,600,207 $1,172,430 $427,777
2016 $18,351 $1,568,832 $1,149,442 $419,390
2015 $18,285 $1,545,268 $1,132,177 $413,091
2014 $17,405 $1,515,000 $1,110,000 $405,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81330892

MLSListings

APN: 213-44-048

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