NOT LISTED FOR SALE
3 Beds
2 Baths
11,220 Sq Ft
0.32 Acres

Last Sold January 05, 2017

Last sale price $3,215,000 $287 Per Sq Ft

67 Days on Market

About This Home

As of January 2017

Constructed in 1956, Pool Patio Apartments is a two-story, 16 unit multifamily property with a total building size of 11,200 square feet, on a 14,139 square foot lot. The beautifully maintained property is separately metered for gas and electric, serviced by a central water heater, and offers an on-site laundry facility, secured entry, a gated pool with outdoor furniture, and eight gated spaces with the ability to park tandem. Pool Patio Apartments offers a unit mix of 14 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units. The spacious units offer a refrigerator, gas stove, tiled kitchen countertops, carpet or laminate and tile flooring in select units, wall units for heating and cooling, and ample closet and storage space.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 08/08/2016

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 08/08/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.32 Acre Lot

Interior Spaces

  • 11,220 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5155-004-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11220
  • Manager Expense: 7800.00
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 288.06

Exterior Features

  • Tennis Court Y/N: No
  • Pool Expense: 2400.00
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 4306.00
  • Heating: Wall
  • Water Expense: 8610.00

Fee Information

  • Gas Expense: 2674.00
  • Insurance Expense: 3927.00
  • Maintenance Expense: 8000.00
  • Management Expense: 8128.00
  • Other Expense: 4040.00
  • Trash Expense: 3840.00

Lot Info

  • Assessor Parcel Number: 5155-004-019
  • Geocode Override: No
  • Lot Size Area: 14139

Rental Info

  • Monthly Gross Income: 17228.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.61
  • Gross Scheduled Income: 206736.00
  • Number Of Units: 16
  • Rent Control: 100%
  • Total Annual Expense: 96048
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 40145.00

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
01/05/2017 01/05/17 Sold $3,215,000 -0.5% $287 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $3,232,000 +15.4% $288 / Sq Ft
05/20/2015 05/20/15 Sold $2,800,000 -3.4% $257 / Sq Ft
01/29/2015 01/29/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $2,900,000 -- $266 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-151342

The MLS