NOT LISTED FOR SALE
Studio
8 Baths
2,600 Sq Ft
5,564 Sq Ft Lot

Sale Details

Date Sold: April 15, 2016

Last sale price $610,000 $235 Per Sq Ft

115 Days on Market

About This Home

As of April 2016

-Price Reduction! -6.18% Cap Rate on Current & Upside North of a 7.56% Cap Rate -8 Bungalow-Style Studio Units & Under $81K per Door -Priced at Only 9.92 X Gross Rents -Remodeled Bathrooms & Newer Windows -Partial Copper Plumbing -Rent Controlled & Full Kitchen in Each Unit

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/19/2015

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/19/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,564 Sq Ft Lot

Interior Spaces

  • 8 Bathrooms
  • 2,600 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 7423-005-017

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • Vacancy Allowance $3,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

5,564 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2600
  • Price Per Unit: 80625.00
  • Stories: 1
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Price Per S Q F T: 248.08

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Pool: No
  • View: No

Utilities

  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Expense: 5826.00

Fee Information

  • Gas Expense: 1006.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 3200.00
  • Other Expense: 2400.00

Lot Info

  • Assessed Improvement Value: 94923
  • Assessed Land Value: 56643
  • Assessor Parcel Number: 7423-005-017
  • Geocode Override: No
  • Lot Size Area: 5564

Rental Info

  • Total Actual Rent: 65001.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.92
  • Gross Scheduled Income: 65004.00
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: Studio
  • Vacancy Allow: 3250
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 8063.00
  • Tax Total: 8063.00

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
Feb 23, 2021
Sold by
Bought by

Purchase Details

Listed on
Oct 19, 2015
Closed on
Apr 11, 2016
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
List Price
$685,000
Sold Price
$610,000
Premium/Discount to List
-$75,000
-10.95%

Purchase Details

Listed on
Oct 19, 2015
Closed on
Mar 3, 2016
Sold by
Bought by
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
List Price
$685,000
Sold Price
$610,000
Premium/Discount to List
-$75,000
-10.95%

Purchase Details

Closed on
Feb 8, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 1994
Sold by
Bought by
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
-- --
-- Chicago Title
$610,000 Chicago Title
-- Chicago Title Company
$37,000 --
-- Western Cities Title
$32,000 Western Cities Title
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
04/15/2016 04/15/16 Sold $610,000 -10.9% $235 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
10/19/2015 10/19/15 For Sale $685,000 -- $263 / Sq Ft
Source: The MLS

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 $10,316 $790,216 $496,856 $293,360
2024 $10,172 $774,722 $487,114 $287,608
2023 $9,203 $694,072 $455,130 $238,942
2022 $8,802 $680,463 $446,206 $234,257
2021 $8,691 $667,121 $437,457 $229,664
2020 $8,772 $661,082 $432,972 $228,110
2019 $8,449 $648,136 $424,483 $223,653
2018 $8,393 $635,444 $416,160 $219,284
2016 $2,548 $153,876 $57,506 $96,370
2015 $2,521 $151,566 $56,643 $94,923
2014 $2,583 $148,598 $55,534 $93,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-951685

The MLS
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