NOT LISTED FOR SALE
13 Beds
5 Baths
4,548 Sq Ft
0.99 Acres

Last Sold February 14, 2014

Last sale price $930,000 $204 Per Sq Ft

114 Days on Market

About This Home

As of February 2014

This is an opportunity to own a large piece of land that has not been on the market in 50 years. It contains 5 houses on one large lot, behind the houses is vacant land that comes with the sale. The Seller once had plans to build two more houses on that land. The Seller is willing to entertain the idea of carrying paper on this deal... not all the paper, but a good portion. These homes are in need of some TLC, but once that's done there is a lot of upside in the rents. This property is in a good area, and for someone with a vision could be a screamer.

Last Agent to Sell the Property

William Allen

Queen City Realty License #01240136 Listed on: 10/22/2013

Last Buyer's Agent

Yuen Lam

Long Coast Realty License #01830255

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.99 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 4,548 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 008
  • Tax Tract Number 41
  • Assessor Parcel Number 8167008041

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $2,700
  • Maintenance Expense $1,552
  • Pest Control $150
  • Professional Management Expense $4,278
  • Trash Expense $3,690
  • New Taxes Expense $11,875
  • Gross Income $5,850
  • Net Operating Income $45,948

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 4278.00
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 8167008041
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 204.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 150.00
  • Trash Expense: 3690.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 43200.00
  • Lot Size Acres: 0.9920

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5850.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 43200.0000 Square Feet
  • Maintenance Expense: 1552.00
  • Net Operating Income: 45948.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 24252.00
  • Rent Control: No
  • Total Actual Rent: 5850.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Lot: 008
  • Tax Tract Number: 041
  • Tax Year: 2012

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
02/14/2014 02/14/14 Sold $930,000 -5.8% $204 / Sq Ft
02/13/2014 02/13/14 Pending -- -- --
10/22/2013 10/22/13 For Sale $987,500 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,440 $1,140,043 $441,305 $698,738
2024 $15,440 $1,117,690 $432,652 $685,038
2023 $14,909 $1,095,775 $424,169 $671,606
2022 $14,789 $1,074,290 $415,852 $658,438
2021 $15,290 $1,053,227 $407,699 $645,528
2020 $14,363 $1,042,428 $403,519 $638,909
2019 $14,270 $1,021,989 $395,607 $626,382
2018 $13,689 $1,001,950 $387,850 $614,100
2016 $13,001 $963,045 $372,791 $590,254
2015 $12,692 $948,580 $367,192 $581,388
2014 $3,674 $155,760 $84,180 $71,580
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13215243

California Regional Multiple Listing Service (CRMLS)