NOT LISTED FOR SALE
9 Beds
12 Baths
5,013 Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: March 27, 2015

Last sale price $2,000,000 $399 Per Sq Ft

51 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Wood Flooring
  • William Burnett Elementary School Rated A
  • Vaulted Ceiling
  • Corian Countertops

About This Home

As of March 2015

4-Unit income property that was built in 1980,totally upgraded at the end of 2014. with over 5,000 sq.ft. of living space with numerous capital improvements, unit mix (1) 3 beds/2.5 baths & (3) 2 beds/2.5 baths townhouse style units with garages,patios,balconies,fireplaces,newly updated kitchen & baths with an addition of half a bath down-stairs for guests (with permits)*Very Well-maintained & professionally managed high income, low operating expenses*Easy freeway access*All units were rented with ease.

Last Agent to Sell the Property

Mo Bani-taba

Farah Bani-Taba, Broker License #01333629 Listed on: 01/27/2015

Farah Bani-Taba, Broker

Last Buyer's Agent

Nasser Kazemi

Stevensen & Neal Realtors License #00601144

Stevensen & Neal Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • 1 Carport Space
  • On-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,013 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $129,660

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $3,000
  • Manager Expense $7,000
  • Utility Expense $2,520
  • Trash Expense $1,380
  • Operating Expense $32,000
  • Gross Income $127,067

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

9,583 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5013
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Refrigerator
  • Living Sq Ft: 5013
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • View: Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Carport, Common Parking Area, On Street
  • Carport Min: 1

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9583.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9583.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.65
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 600
  • Expense Management: 7000
  • Expenses Total: 32000
  • Expenses Utility: 2520
  • Expense Trash: 1380
  • Income Annual Gross: 127067.00
  • Income Annual Rental: 129660
  • Income Gross Scheduled: 129660
  • Income Includes: Lease, Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

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
Dec 7, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2020
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2016
Sold by
Bought by

Purchase Details

Listed on
Jan 27, 2015
Closed on
Mar 19, 2015
Sold by
Bought by
Seller's Agent
Mo Bani-taba
Farah Bani-Taba, Broker
Buyer's Agent
Nasser Kazemi
Stevensen & Neal Realtors
List Price
$1,899,988
Sold Price
$2,000,000
Premium/Discount to List
$100,012
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0365%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2014
Closed on
Aug 6, 2014
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Michael Shields
SiliconValley MultiFamilyGroup
List Price
$1,300,000
Sold Price
$1,425,000
Premium/Discount to List
$125,000
9.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.25%
Original Mortgage
$2,052,000
Interest Rate
0.0411%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- --
-- None Available
-- None Available
$2,000,000 Cornerstone Title Company
$2,850,000 Chicago Title Company
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 $750,000
Previous Owner $2,052,000
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
03/27/2015 03/27/15 Sold $2,000,000 +5.3% $399 / Sq Ft
03/19/2015 03/19/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $1,899,988 +33.3% $379 / Sq Ft
09/01/2014 09/01/14 Sold $1,425,000 +9.6% $284 / Sq Ft View Prior Sale
07/31/2014 07/31/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $1,300,000 -- $259 / Sq Ft
Source: MLSListings

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 $24,258 $2,137,801 $1,298,917 $838,884
2024 $24,258 $2,095,885 $1,273,449 $822,436
2023 $24,184 $2,054,790 $1,248,480 $806,310
2022 $24,080 $2,014,500 $1,224,000 $790,500
2021 $23,732 $1,975,000 $1,200,000 $775,000
2020 $26,180 $2,197,876 $1,318,726 $879,150
2019 $25,876 $2,154,781 $1,292,869 $861,912
2018 $24,555 $2,112,531 $1,267,519 $845,012
2017 $24,238 $2,071,110 $1,242,666 $828,444
2016 $23,268 $2,030,500 $1,218,300 $812,200
2015 $16,573 $1,432,000 $900,000 $532,000
2014 $4,783 $399,573 $106,542 $293,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81448318

MLSListings

APN: 029-05-033

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