NOT LISTED FOR SALE
-- Bed
-- Bath
14,880 Sq Ft
0.35 Acres

Last Sold July 30, 2021

Last sale price $5,200,000 $349 Per Sq Ft

47 Days on Market

Highlights

  • 0.35 Acre Lot
  • Tudor Architecture
  • Laundry Room
  • Dumbwaiter
  • No HOA
  • 4-minute walk to Carr Park

About This Home

As of July 2021

15+1 units consists of 15 2 bedroom 1.5 bath townhouse style units and a large remodeled single unit. Two of the units have vaulted ceilings. The Single was originally built as a recreation room. The property consists of two buildings which are located on two separate lots with easy access to the covered parking area. Majority of the units have been remodeled and well-maintained. The property is within two miles of Americana at Brand, with proximity to shopping and dining destinations. It has easy access to several freeways including 2, 134 and 210 freeways. This is an excellent opportunity for an investor.

Last Agent to Sell the Property

Elizabeth Manasserian

Boardwalk Properties & Investm Listed on: 03/25/2021

Last Buyer's Agent

Arthur Mangassarian

Re/Max Tri-City Realty License #00751703

Re/Max Tri-City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,500

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall

Home Design

  • 14,880 Sq Ft Home
  • Tudor Architecture
  • Property Attached
  • Stucco

Kitchen

  • Dumbwaiter
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 26 Parking Spaces
  • 26 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5680025023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 15 Units
  • Not Applicable 105 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • 15 Separate Electric Meters
  • 16 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,800
  • Insurance Expense $7,320
  • Maintenance Expense $11,000
  • Pest Control $760
  • Supplies Expense $628
  • New Taxes Expense $67,500
  • Operating Expense $120,597
  • Gross Income $315,198
  • Net Operating Income $194,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$67,500

Year Built

Built in 1985 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.24
  • Property Attached: Yes
  • Supplies Expense: 628.00
  • View: No
  • Zoning: GLR4*
  • Architectural Style: Tudor
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5680025023
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Dumbwaiter
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 349.46

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 26.00
  • Parking: Yes
  • Parking Features: Covered, Assigned, Carport, Attached Carport
  • Total Parking Spaces: 26.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Dishwasher
  • Heating Type: Forced Air
  • Laundry Features: Community, Common Area, Outside
  • Pest Control Expense: 760.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 15439.00
  • Lot Size Acres: 0.3544

Multi Family

  • Average2 Bed Area: 960
  • Gross Multiplier: 19.00
  • Gross Operating Income: 315198.00
  • Insurance Expense: 7320.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 4800.00
  • Lot Size Area: 15439.0000 Square Feet
  • Maintenance Expense: 11000.00
  • Net Operating Income: 194601.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 15
  • Operating Expense: 120597.00
  • Total Actual Rent: 310398.00
  • Total Expenses: 120597.00

Tax Info

  • New Taxes Expense: 67500.00
  • Tax Annual Amount: 67500.00
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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
07/30/2021 07/30/21 Sold $5,200,000 -13.3% $349 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $6,000,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320005492

California Regional Multiple Listing Service (CRMLS)