NOT LISTED FOR SALE
4 Beds
10 Baths
3,904 Sq Ft
6,455 Sq Ft Lot

Sale Details

Date Sold: January 27, 2023

Last sale price $1,300,000 $333 Per Sq Ft

108 Days on Market

About This Home

As of January 2023

Located in a high demand rental area and less than 1.5 miles to the golden sand of the BEACH, these 10 units have not been on the market for a generation! Laid out in two parallel rows, you have 2 1-bedrooms in the front, then behind those are 6 studios, 3 on each side, followed by two studios in the back that have an additional retreat-like space. With plenty of employment, industry and retail nearby, there is always demand for these homes. Leave the roller coaster of the stock market and own an investment where you know every month the cash is rolling in!

Last Agent to Sell the Property

Maggie Etheridge-Ureno

Martie Etheridge, Broker License #00645855 Listed on: 09/23/2022

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United
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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,455 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 3,904 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 10 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1
  • Assessor Parcel Number 7260023011

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $3,303
  • Gardener Expense $440
  • Insurance Expense $339
  • Maintenance Expense $3,179
  • Pest Control $657
  • Supplies Expense $149
  • Trash Expense $5,000
  • Water Sewer Expense $10,475
  • New Taxes Expense $3,878
  • Operating Expense $33,521
  • Gross Income $61,740
  • Net Operating Income $33,521

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,455 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Supplies Expense: 149.00
  • Water Sewer Expenses: 10475.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 440.00
  • Parcel Number: 7260023011
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 332.99

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Pest Control Expense: 657.00
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size Sq Ft: 6455.00
  • Lot Size Acres: 0.1482

Multi Family

  • Average1 Bed Area: 557 Square Feet
  • Average Studio Area: 350 Square Feet
  • Electric Expense: 3303.00
  • Gross Income: 61740.00
  • Gross Scheduled Income: 61740.00
  • Insurance Expense: 339.00
  • Lot Size Area: 6455.0000 Square Feet
  • Maintenance Expense: 3179.00
  • Net Operating Income: 33521.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 28219.00
  • Rent Control: Yes
  • Total Expenses: 33521.00

Tax Info

  • New Taxes Expense: 3878.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 9
  • Tax Tract Number: 1

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
Sep 23, 2022
Closed on
Jan 20, 2023
Sold by
Attwater Sally
Bought by
Seller's Agent
Maggie Etheridge-Ureno
Martie Etheridge, Broker
Buyer's Agent
Austin Carr
Realty One Group United
List Price
$2,000,000
Sold Price
$1,300,000
Premium/Discount to List
-$700,000
-35%
Views
4

Purchase Details

Listed on
Sep 23, 2022
Closed on
Jan 18, 2023
Sold by
Robert Attwater Trust
Bought by
1325 Stanley Avenue Llc
Seller's Agent
Maggie Etheridge-Ureno
Martie Etheridge, Broker
Buyer's Agent
Austin Carr
Realty One Group United
List Price
$2,000,000
Sold Price
$1,300,000
Premium/Discount to List
-$700,000
-35%
Views
4

Purchase Details

Closed on
Aug 30, 2022
Sold by
Attwater Robert C
Bought by
Robert Attwater Trust and Attwater
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Zaferia, CA

See All Agents

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
1325 Stanley Avenue Llc $1,300,000 First American Title
Robert Attwater Trust -- None Listed On Document
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 $1,200,000
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
01/27/2023 01/27/23 Sold $1,300,000 -35.0% $333 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
09/23/2022 09/23/22 For Sale $2,000,000 -- $512 / 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
2026 $18,989 $1,379,570 $1,061,208 $318,362
2025 $18,989 $1,352,520 $1,040,400 $312,120
2024 $23,217 $1,734,000 $1,020,000 $714,000
2023 $4,231 $206,778 $87,059 $119,719
2022 $4,010 $202,724 $85,352 $117,372
2021 $3,883 $198,750 $83,679 $115,071
2019 $3,827 $193,357 $81,198 $112,159
2018 $3,636 $189,576 $79,606 $109,970
2016 $3,360 $181,736 $76,516 $105,220
2015 $3,255 $179,007 $75,367 $103,640
2014 $3,292 $175,501 $73,891 $101,610
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22207908

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.