NOT LISTED FOR SALE
13 Beds
12 Baths
7,134 Sq Ft
7,808 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $3,765,000 $528 Per Sq Ft

21 Days on Market

Highlights

  • Double Pane Windows
  • Recessed Lighting
  • 4 Attached Carport Spaces
  • McKinley Elementary School Rated A
  • Laundry Room
  • Ceiling Fan

About This Home

As of December 2021

Secured building, recently remodeled in a nice neighborhood.

Last Agent to Sell the Property

Freddy Okuda

ADW Management USA, Inc. License #02073148 Listed on: 10/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,808 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Attached Carport Spaces
  • Parking Available

Home Design

  • Shingle Roof
  • Spanish Tile Roof

Interior Spaces

  • 7,134 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Living Room with Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / 13
  • Assessor Parcel Number 4267017009
  • $1,807 per year additional tax assessments

Community Details

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $700
  • Gardener Expense $600
  • Insurance Expense $3,520
  • Maintenance Expense $3,000
  • Other Expense $500
  • Pest Control $200
  • Professional Management Expense $8,919
  • Trash Expense $3,500
  • Water Sewer Expense $5,000
  • New Taxes Expense $47,188
  • Operating Expense $73,927
  • Gross Income $229,860
  • Net Operating Income $149,038

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 3.87
  • Other Phone Description: 3109557613
  • Price Per Unit: 641500
  • Professional Management Expense: 8919.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 5000.00
  • Zoning: SMR2*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4267017009
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 527.75
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Shingle, Spanish Tile
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Pest Control Expense: 200.00
  • Sewer: Public Sewer
  • Trash Expense: 3500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7808.00
  • Lot Size Acres: 0.1792

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 700.00
  • Gross Income: 229860.00
  • Gross Multiplier: 16.74
  • Gross Operating Income: 222964.00
  • Gross Scheduled Income: 229860.00
  • Insurance Expense: 3520.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2100.00
  • Lot Size Area: 7808.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 149038.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Operating Expense: 73927.00
  • Operating Expense Percent: 33.20
  • Other Expense: 500.00
  • Rent Control: Yes
  • Total Actual Rent: 18980.00
  • Total Expenses: 73927.00
  • Vacancy Allowance: 6896
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 47188.00
  • Tax Block: 13
  • Tax Census Tract: 7017.01
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 1807.00

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
04/07/2023 04/07/23 Price Changed $2,580 -26.1% --
02/17/2023 02/17/23 Price Changed $3,490 +267.4% --
02/16/2023 02/16/23 Price Changed $950 -72.8% --
02/10/2023 02/10/23 Price Changed $3,490 +35.3% --
02/10/2023 02/10/23 For Rent $2,580 0.0% --
12/17/2021 12/17/21 Sold $3,765,000 -2.2% $528 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $3,849,000 +28.3% $540 / Sq Ft
04/07/2021 04/07/21 Sold $3,000,000 -9.1% $421 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
12/18/2020 12/18/20 For Sale $3,300,000 -- $463 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21225722

California Regional Multiple Listing Service (CRMLS)