NOT LISTED FOR SALE
12 Beds
12 Baths
5,512 Sq Ft
6,834 Sq Ft Lot

Last Sold April 29, 2013

Last sale price $1,000,000 $181 Per Sq Ft

Highlights

  • City Lights View
  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • No HOA
  • Laundry Room

About This Home

As of April 2013

Nice Units with a View! Use as a comparable only please.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 04/29/2013

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 04/29/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,834 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,512 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Carpet
  • City Lights Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 10 / A
  • Tax Tract Number 37
  • Assessor Parcel Number 8142001038

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $13,125
  • Gross Income $89,900
  • Net Operating Income $53,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Subdivision Name Other: Ocean View
  • View: Yes
  • Zoning: WHR4
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 8142001038
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 181.42
  • Room Type: All Bedrooms Up

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6834.00
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 89900.00
  • Gross Multiplier: 11.74
  • Gross Scheduled Income: 89400.00
  • Gross Spendable Income: 89400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6834.0000 Square Feet
  • Net Operating Income: 53640.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Operating Expense: 31290.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 7250.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Area: 9-642
  • Tax Block: A
  • Tax Lot: 10
  • Tax Tract Number: 37
  • Tax Year: 2012
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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 List to Sale Price per Sq Ft
04/29/2013 04/29/13 Sold $1,000,000 -4.8% $181 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $1,050,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $16,025 $1,231,420 $492,568 $738,852
2024 $16,025 $1,207,275 $482,910 $724,365
2023 $15,719 $1,183,604 $473,442 $710,162
2022 $15,442 $1,160,397 $464,159 $696,238
2021 $15,151 $1,137,645 $455,058 $682,587
2019 $14,744 $1,105,103 $441,561 $663,542
2018 $14,459 $1,083,458 $432,903 $650,555
2016 $13,933 $1,040,235 $416,094 $624,141
2015 $13,689 $1,024,610 $409,844 $614,766
2014 -- $1,004,540 $401,816 $602,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13077486

California Regional Multiple Listing Service (CRMLS)