NOT LISTED FOR SALE
8 Beds
4 Baths
3,328 Sq Ft
7,118 Sq Ft Lot

Last Sold May 18, 2018

Last sale price $1,362,500 $409 Per Sq Ft

19 Days on Market

Highlights

  • Security Guard
  • Tile Flooring
  • Ceiling Fan

About This Home

As of May 2018

Great investment opportunity with happy long term tenants. All 4 units consist of 2bd/1ba each. No Vacancy in this highly desirable rental community. Great income producing property for any investor looking to create a secure monthly cash flow. On site laundry machines also bring in an extra income. Property is close to schools, parks, shopping and major freeways.

Last Agent to Sell the Property

David Giambruno

KW Bay Area Estates License #01365616 Listed on: 03/26/2018

KW Bay Area Estates

Last Buyer's Agent

David Giambruno

KW Bay Area Estates License #01365616 Listed on: 03/26/2018

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,118

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Tile
  • Vinyl

Parking

  • 4 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • 7,118 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,500
  • Maintenance Expense $2,500
  • Utility Expense $5,700
  • Trash Expense $2,340
  • Operating Expense $26,790
  • Gross Income $85,000

Security

  • Security Guard

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Security: Security Guard
  • Flooring: Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Off-Street Parking
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Storage Tank

Condo/Co-op/Association

  • HOA Fees: 300
  • HOA Exist: Yes

Schools

  • School District: East Side Union High
  • Elementary School: Santee Elementary
  • High School: Yerba Buena High
  • High School: 254
  • Elementary School: 120

Lot Info

  • Lot Acres: 0.1634
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7119.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7119.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.18
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Maintenance: 2500
  • Expenses Total: 26790
  • Expenses Utility: 5700
  • Expense Trash: 2340
  • Income Annual Gross: 85000.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 85000
  • Income Includes: Laundry
  • Income Other: 1000
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Heating

Range of Values:

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Sold Price
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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
05/18/2018 05/18/18 Sold $1,362,500 -0.9% $409 / Sq Ft
04/15/2018 04/15/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $1,375,000 +16.5% $413 / Sq Ft
10/06/2017 10/06/17 Sold $1,180,000 +7.4% $355 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $1,099,000 +65.3% $330 / Sq Ft
09/03/2013 09/03/13 Sold $665,000 -4.9% $200 / Sq Ft
07/09/2013 07/09/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $699,000 -- $210 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81697957

MLSListings

APN: 477-32-166