NOT LISTED FOR SALE
12 Beds
5 Baths
17,138 Sq Ft
0.48 Acres

Last Sold June 20, 2012

Last sale price $2,850,000 $166 Per Sq Ft

131 Days on Market

Highlights

  • 0.48 Acre Lot
  • Laundry Room
  • 3-minute walk to La Pintoresca Park
  • No HOA
  • Turnkey

About This Home

As of June 2012

CASH FLOW!! This beauty gives you the cash flow that your Investors are looking for. Low maintenance! Easy management! Courtyard with pool that gives your tenants a place to entertain with family and friends. Separate gas and electric meter.

Last Agent to Sell the Property

Jamie Chao

Pinnacle Real Estate Group License #01227621 Listed on: 01/29/2012

Pinnacle Real Estate Group

Last Buyer's Agent

Jamie Chao

Pinnacle Real Estate Group License #01227621 Listed on: 01/29/2012

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.48

Parking

  • 21 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 17,138 Sq Ft Home
  • Turnkey
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • 0.48 Acre Lot

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 4620
  • Assessor Parcel Number 5728001036

Community Details

Overview

  • No Home Owners Association
  • 22 Units

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,428
  • Gardener Expense $1,440
  • Insurance Expense $5,400
  • Maintenance Expense $3,000
  • Pest Control $600
  • Professional Management Expense $6,000
  • Trash Expense $4,944
  • Water Sewer Expense $12,000
  • New Taxes Expense $33,326
  • Gross Income $3,120
  • Net Operating Income $226,381

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.48 Acres

Parking

21

Listing Details

  • CapRate: 7.10
  • Professional Management Expense: 6000.00
  • Water Sewer Expenses: 12000.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5728001036
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 166.30

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 21.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 21.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Trash Expense: 4944.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 20806.00
  • Lot Size Acres: 0.4800

Multi Family

  • Electric Expense: 1428.00
  • Gross Income: 3120.00
  • Gross Scheduled Income: 303480.00
  • Insurance Expense: 5400.00
  • Lot Size Area: 20806.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 226381.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 74138.00
  • Rent Control: No
  • Total Actual Rent: 25290.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 33326.00
  • Tax Lot: 14
  • Tax Tract Number: 4620
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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
06/20/2012 06/20/12 Sold $2,850,000 -10.6% $166 / Sq Ft
06/08/2012 06/08/12 Pending -- -- --
01/29/2012 01/29/12 For Sale $3,188,888 -- $186 / 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 $43,163 $3,579,753 $1,884,081 $1,695,672
2024 $43,163 $3,509,563 $1,847,139 $1,662,424
2023 $42,811 $3,440,749 $1,810,921 $1,629,828
2022 $41,388 $3,373,284 $1,775,413 $1,597,871
2021 $39,685 $3,307,142 $1,740,601 $1,566,541
2019 $38,252 $3,209,053 $1,688,975 $1,520,078
2018 $38,903 $3,146,131 $1,655,858 $1,490,273
2016 $37,542 $3,023,964 $1,591,560 $1,432,404
2015 $37,120 $2,978,542 $1,567,654 $1,410,888
2014 $36,473 $2,920,197 $1,536,946 $1,383,251
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H12012874

California Regional Multiple Listing Service (CRMLS)
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