NOT LISTED FOR SALE
5 Beds
5 Baths
13,648 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: May 3, 2017

Last sale price $3,100,000 $227 Per Sq Ft

56 Days on Market

Highlights

  • 13,939 Sq Ft lot
  • End Unit
  • No HOA

About This Home

As of May 2017

HUGE PRICE REDUCTION!!!Featuring over 60% two bedroom units and some garage parking this low maintenance community offers an ease of management and rental upside beyond the current rents. Over the last several years some upgrades including tile flooring, granite kitchen and bathroom counter tops, new asphalt in front and back, and some landscaping have been made. Tenants pay their own electricity while landlord provides gas, trash, sewer and water. There are 4 separate house gas meters.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 03/01/2017

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 13,939 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Density is 26-30 Units/Acre

Parking

  • 6 Car Garage
  • 11 Carport Spaces

Home Design

  • Apartment

Interior Spaces

  • 13,648 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 352
  • Tax Tract Number 45
  • Assessor Parcel Number 2000352045

Community Details

Overview

  • No Home Owners Association
  • 18 Units

Building Details

  • 18 Leased Units
  • 19 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,792
  • Insurance Expense $4,284
  • Maintenance Expense $14,140
  • Other Expense $3,936
  • Professional Management Expense $840,316
  • Trash Expense $4,964
  • Water Sewer Expense $9,482
  • New Taxes Expense $41,536
  • Operating Expense $100,814
  • Gross Income $294,572
  • Net Operating Income $167,651

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.32 Acres

Parking

6

Listing Details

  • CapRate: 5.24
  • Professional Management Expense: 840316.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9482.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2000352045
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit
  • Levels: Two
  • Price Per Square Foot: 227.14

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 11.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 17.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 4964.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 13939.20

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 2792.00
  • Gross Income: 294572.00
  • Gross Multiplier: 11.56
  • Gross Operating Income: 268465.00
  • Gross Scheduled Income: 276768.00
  • Gross Spendable Income: 70964.00
  • Insurance Expense: 4284.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 150.00
  • Maintenance Expense: 14140.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 167651.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Operating Expense: 100814.00
  • Operating Expense Percent: 35.00
  • Other Expense: 3936.00
  • Other Expense Description: Misc.
  • Other Income1: 167.00
  • Other Income2: 119.00
  • Other Income Description: laundry, late charges, etc.
  • Rent Control: No
  • Total Actual Rent: 226221.00
  • Total Expenses: 100814.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 41536.00
  • Tax Lot: 352
  • Tax Tract Number: 045

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

Closed on
Nov 11, 2024
Sold by
1340 Edgewood Way Corporation
Bought by

Purchase Details

Listed on
Mar 1, 2017
Closed on
May 3, 2017
Sold by
Edgewood Way Llc
Bought by
1340 Edgewood Way Corporation
Seller's Agent
Mike Marcu
Mike Marcu, Broker
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$3,500,000
Sold Price
$3,100,000
Premium/Discount to List
-$400,000
-11.43%

Purchase Details

Closed on
Sep 8, 2015
Sold by
Edwawood Way
Bought by
Krupka and 2004 James D Krupka & Dinorah Morgan Mey

Purchase Details

Listed on
Feb 2, 2015
Closed on
Jun 4, 2015
Sold by
Bersi Edward O and Bersi Anastacia
Bought by
Edgewood Way Llc
Seller's Agent
Greg Trotter
Coldwell Banker Realty
Buyer's Agent
Mike Marcu
Mike Marcu, Broker
List Price
$2,895,000
Sold Price
$2,610,000
Premium/Discount to List
-$285,000
-9.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,088,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2011
Sold by
Edgewater Villas Llc
Bought by
Bersi Edward O and Bersi Anastacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2006
Sold by
Ohio Apartments Llc
Bought by
Edgewater Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2006
Sold by
Alpine Denise C
Bought by
Ohio Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2003
Sold by
210 Venture Corp
Bought by
Alpine Denise C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 1996
Sold by
Coast Federal Bank Fsb
Bought by
210 Ventura Corp

Purchase Details

Closed on
Oct 9, 1996
Sold by
Bek Associates No Xii
Bought by
Coast Federal Bank Fsb
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$4,450,000 Chicago Title
1340 Edgewood Way Corporation $3,100,000 First American Title Co Natl
Krupka $452,500 None Available
Edgewood Way Llc $2,610,000 Equity Title Los Angeles
Bersi Edward O $2,205,000 First American Title Company
Edgewater Villas Llc -- Commonwealth
Ohio Apartments Llc -- None Available
Alpine Denise C $1,985,000 Stewart Title
210 Ventura Corp -- Commonwealth Land Title Co
Coast Federal Bank Fsb $750,000 Commonwealth Title
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
Previous Owner $2,088,000
Previous Owner Bersi Edward O $580,000
Previous Owner Edgewater Villas Llc $150,000
Previous Owner Edgewater Villas Llc $1,700,000
Previous Owner Ohio Apartments Llc $1,700,000
Previous Owner Alpine Denise C $1,300,000
Previous Owner 210 Venture Corp $680,000
Previous Owner 210 Venture Corp $675,000
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 Prior Sale
05/03/2017 05/03/17 Sold $3,100,000 -3.1% $227 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
03/28/2017 03/28/17 Price Changed $3,200,000 -8.6% $234 / Sq Ft
03/01/2017 03/01/17 For Sale $3,500,000 +34.1% $256 / Sq Ft
06/15/2015 06/15/15 Sold $2,610,000 -9.8% $191 / Sq Ft View Prior Sale
03/23/2015 03/23/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $2,895,000 +31.3% $212 / Sq Ft
01/10/2012 01/10/12 Sold $2,205,000 -3.3% $162 / Sq Ft View Prior Sale
11/15/2011 11/15/11 Pending -- -- --
10/25/2011 10/25/11 For Sale $2,280,000 -- $167 / 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
2025 $43,578 $4,441,000 $1,440,000 $3,001,000
2024 $43,578 $3,527,268 $819,237 $2,708,031
2023 $41,984 $3,458,106 $803,173 $2,654,933
2022 $40,718 $3,390,300 $787,424 $2,602,876
2021 $40,393 $3,323,824 $771,984 $2,551,840
2020 $41,145 $3,289,744 $764,069 $2,525,675
2019 $39,983 $3,225,240 $749,088 $2,476,152
2018 $39,466 $3,165,600 $734,400 $2,431,200
2017 $32,422 $2,684,472 $833,144 $1,851,328
2016 $31,287 $2,631,907 $816,808 $1,815,099
2015 $28,131 $2,304,449 $752,473 $1,551,976
2014 $27,823 $2,259,310 $737,734 $1,521,576
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17041625

California Regional Multiple Listing Service (CRMLS)

APN: 200-0-352-045

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