$1,180,000
SOLD OCT 6, 2017
8 Beds
4 Baths
3,328 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

7% Above List Price

6 Days on Market

About This Home

As of May 2018

This 4-plex is the best deal in the Bay Area. All 4 units consist of 2bd/1ba each. No Vacancy in this highly desirable rental community. Three of the four units are long term tenants. 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

Adrian Navarro

Realty One Group Infinity License #01767540 Listed on: 08/31/2017

Realty One Group Infinity

Last Buyer's Agent

David Giambruno

KW Bay Area Estates License #01365616

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,100 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Parking

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

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,900

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 $20,915
  • Gross Income $82,900

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 55
  • 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

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 300
  • HOA Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7102.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7102.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.26
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Maintenance: 2500
  • Expenses Total: 20915
  • Expenses Utility: 5700
  • Expense Trash: 2340
  • Income Annual Gross: 82900.00
  • Income Annual Rental: 81900
  • Income Gross Scheduled: 82900
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 1000
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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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
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: ML81676130

MLSListings

APN: 477-32-166