NOT LISTED FOR SALE
5 Beds
3 Baths
38,064 Sq Ft
1.79 Acres

Last Sold March 01, 2016

Last sale price $2,950,000 $78 Per Sq Ft

203 Days on Market

Highlights

  • Private Pool
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 1.79 Acre Lot
  • Laundry Room

About This Home

As of March 2016

44 Unit Apartment Complex.
30 2 beds 1 bath renting at $750 each.
and 14 3 beds 2 baths renting at $895 each.
Currently, there is a wait list of future tenants.

Next to Jefferson Hunt Elementary

Last Agent to Sell the Property

Wonnie Kim

Won Suk Kim Real Estate, Inc. License #01873341 Listed on: 05/13/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.79 Acre Lot
  • Two or More Common Walls

Parking

  • 44 Car Garage

Home Design

  • 38,064 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Laundry Room
  • Private Pool

Listing and Financial Details

  • Tenant pays for cable TV, electricity, repairs
  • Tax Lot 4
  • Assessor Parcel Number 0272192050000

Community Details

Recreation

  • Community Pool

Building Details

  • 44 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $1,560
  • Insurance Expense $2,000
  • Maintenance Expense $12,000
  • Pool Expense $3,600
  • Professional Management Expense $4,800
  • Supplies Expense $4,200
  • Trash Expense $13,836
  • Water Sewer Expense $17,940
  • New Taxes Expense $48,020
  • Gross Income $34,805
  • Net Operating Income $218,568

Additional Features

  • 44 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

44

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Supplies Expense: 4200.00
  • Water Sewer Expenses: 17940.00
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 0272192050000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 77.50

Exterior Features

  • Pool Expense: 3600.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 44.00
  • Total Parking Spaces: 88.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 13836.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 77972.00
  • Price Per Lot Square Foot: 37.83
  • Lot Size Acres: 1.7900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Repairs

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 34805.00
  • Gross Scheduled Income: 393300.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 77972.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 218568.00
  • Number Of Separate Electric Meters: 44
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 44
  • Operating Expense: 199092.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 48020.00
  • Tax Lot: 4
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $2,950,000 -15.7% $78 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $3,500,000 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $98,925 $8,118,241 $2,110,743 $6,007,498
2024 $98,925 $7,959,060 $2,069,356 $5,889,704
2023 $96,469 $7,803,000 $2,028,780 $5,774,220
2022 $50,855 $7,650,000 $1,989,000 $5,661,000
2021 $51,017 $3,934,597 $757,770 $3,176,827
2020 $46,540 $3,537,360 $832,320 $2,705,040
2019 $55,988 $3,468,000 $816,000 $2,652,000
2018 $40,243 $3,069,180 $520,200 $2,548,980
2017 $39,151 $2,485,332 $414,222 $2,071,110
2016 $31,272 $2,436,600 $406,100 $2,030,500
2015 $32,548 $1,384,842 $281,297 $1,103,545
2014 $18,629 $1,357,715 $275,787 $1,081,928
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15102831

California Regional Multiple Listing Service (CRMLS)