NOT LISTED FOR SALE
8 Beds
4 Baths
3,328 Sq Ft
7,070 Sq Ft Lot

Sale Details

Date Sold: August 31, 2023

Last sale price $1,350,000 $406 Per Sq Ft

1 Day on Market

About This Home

As of August 2023

Great investment opportunity! Fourplex with all units rented out with great rental income *** Each unit is a 2 bedroom and 1 bath, and one parking space *****

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 07/26/2023

CENTURY 21 Masters

Last Buyer's Agent

Vinh Dinh

Novia Home, Inc License #01352876

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,070 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Perimeter Foundation

Interior Spaces

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

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $120,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Manager Expense $12,000
  • Utility Expense $6,000
  • Trash Expense $2,670
  • Operating Expense $48,216
  • Gross Income $119,394

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

7,070 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • 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
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: No Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1623
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7068.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7068.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 12.85
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1800
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expense Management: 12000
  • Expenses Total: 48216
  • Expenses Utility: 6000
  • Expense Trash: 2670
  • Income Annual Gross: 119394.00
  • Income Annual Rental: 120000
  • Income Gross Scheduled: 120600
  • Income Includes: Laundry, Rents
  • Income Other: 600
  • Meters: Master Electric, Master Water, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Maintenance - Laundry, Maintenance - Repair, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1
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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
08/31/2023 08/31/23 Sold $1,350,000 -12.9% $406 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $1,550,000 -- $466 / Sq Ft
Source: MLSListings

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 $19,303 $1,377,000 $918,000 $459,000
2024 $19,303 $1,350,000 $900,000 $450,000
2023 $23,039 $1,632,000 $1,224,000 $408,000
2022 $22,546 $1,600,000 $1,200,000 $400,000
2021 $6,038 $312,889 $95,690 $217,199
2020 $5,886 $309,681 $94,709 $214,972
2019 $5,673 $303,609 $92,852 $210,757
2018 $5,649 $297,657 $91,032 $206,625
2017 $5,568 $291,822 $89,248 $202,574
2016 $5,287 $286,101 $87,499 $198,602
2015 $5,150 $281,804 $86,185 $195,619
2014 $4,925 $276,285 $84,497 $191,788
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81936243

MLSListings

APN: 477-32-172

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