$550,000
SOLD DEC 19, 2012
7 Beds
-- Bath
2,734 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$201 Per Sq Ft

4% Above List Price

8 Days on Market

About This Home

As of December 2012

Regular Sale - Great opportunity to own this recently remodeled 4plex. Easy access to freeways, shopping and transportation. all units rented. City mandated $417 monthly HOA fee (only includes security patrol and exterior landscaping). Over a 6% cap rate.

Last Agent to Sell the Property

David Giambruno

Silicon Valley Associates Inc. License #01365616 Listed on: 11/26/2012

Silicon Valley Associates Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,734 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Oven or Range

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $58,200
  • The owner pays for garbage, water

Community Details

Overview

  • 2,734 Sq Ft Building

Building Details

  • Insurance Expense $1,440
  • Maintenance Expense $2,000
  • Manager Expense $5,244
  • Trash Expense $1,140
  • Operating Expense $22,737
  • Gross Income $58,200

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 50
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 201.17
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2734
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2734
  • Stories: 2
  • Laundry: Laundry Area - In Unit
  • Flooring: Carpet

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: East Side Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7049.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7049.00
  • Lot Size Area Min Search: 7049.00
  • Maximum Lot Size: 7049.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.11

Multi Family

  • Expense Insurance: 1440
  • Expense Maintenance: 2000
  • Expense Management: 5244
  • Expenses Total: 22737
  • Expense Trash: 1140
  • Expense Water Sewer: 2640
  • Income Annual Gross: 58200.00
  • Income Annual Rental: 58200
  • Income Gross Scheduled: 58200
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Master Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Cable Tv, Utilities - Electric

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
12/19/2012 12/19/12 Sold $550,000 +3.8% $201 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
11/26/2012 11/26/12 For Sale $530,000 +45.2% $194 / Sq Ft
06/30/2012 06/30/12 Sold $365,000 +0.8% $134 / Sq Ft
03/26/2012 03/26/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $362,000 -- $132 / 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: ML81241670

MLSListings

APN: 477-32-168