$1,799,500
PENDING $351K PRICE DROP

Estimated payment $11,789/month

Total Views 7,599
10 Beds
9 Baths
2,563 Sq Ft
$702 Price per Sq Ft

Highlights

  • 0.74 Acre Lot
  • Property is near a bus stop
  • High Speed Internet
  • Guest Parking
  • Laundry Facilities
  • Level Lot

About This Home

Price per door $105k. Cash flow & opportunity! At the lower end of the spectrum she is not as sexy as some but she is an earner! Don't let looks deceive you, this property is always occupied and has many long term tenants with various avenues of rent support. All but a few units have recent upgrades which would include all surfaces, New roofs on 3 of the buildings 2020. All but one building have been separately sub- metered giving the financials a huge opportunity moving forward. Windows and insulation upgraded too.

Listing Agent

Peter Jameson

J Residential Properties License #200204424 Listed on: 04/09/2024

Co-Listing Agent

Erin Maher

J Residential Properties License #201205719

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,032

Year Built

  • Built in 1995

Lot Details

  • 0.74 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,563 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 25 Parking Spaces
  • Guest Parking
  • Open Parking

Location

  • Property is near a bus stop

Schools

  • Lincoln Park Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Wall Furnace
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R334241

Community Details

Overview

  • 21 Units
  • Property managed by Shelter MGT

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $77,163
  • Gross Income $229,260
  • Net Operating Income $152,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,032

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1995
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 10
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Guest, Open
  • Attached Garage: No
  • Total Parking Spaces: 25.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Satellite
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Shelter MGT
  • Community Features: Laundry

Schools

  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: CN2
  • Lot Size Acres: 0.74
  • Lot Size Sq Ft: 32234.0
  • Parcel #: R334241

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 24032.03

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 21
  • Gross Rent Multiplier: 7.85
  • Annual Gross Income: 229260.0
  • Property Net Operating Income: 152097.0
  • Annual Operating Expense: 77163.0

Map

Range of Values:

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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
07/15/2025 07/15/25 Pending -- -- --
01/01/2025 01/01/25 Price Changed $1,799,500 -10.0% $702 / Sq Ft
06/24/2024 06/24/24 Price Changed $1,999,500 -7.0% $780 / Sq Ft
04/09/2024 04/09/24 For Sale $2,150,000 +186.7% $839 / Sq Ft
02/01/2013 02/01/13 Sold $750,000 -13.7% $97 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
02/11/2012 02/11/12 For Sale $869,000 -- $113 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24084617

Regional Multiple Listing Service (RMLS)

APN: 1S2E11AB 00100