NOT LISTED FOR SALE
1 Bed
2 Baths
6,712 Sq Ft
0.27 Acres

Last Sold April 20, 2016

Last sale price $1,825,000 $272 Per Sq Ft

10 Days on Market

About This Home

As of April 2016

• Substantial Upside in Rents
• Upgraded Units
• Individually-Metered for Electricity
• Recently-Painted & Beautifully-Landscaped
• Includes Adjacent Parking Lot for 13 Cars

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/29/2016

Last Buyer's Agent

Shaun Hurley

Coldwell Banker Realty License #00870450

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 26 Parking Spaces

Home Design

  • 6,712 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 7261014028

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $340
  • Insurance Expense $4,550
  • Maintenance Expense $12,214
  • Other Expense $4,468
  • Pest Control $835
  • Professional Management Expense $4,800
  • Trash Expense $2,560
  • Water Sewer Expense $2,560
  • New Taxes Expense $21,096
  • Gross Income $12,723
  • Net Operating Income $89,059

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2560.00
  • Property Type: Residential Income
  • Gardener Expense: 340.00
  • Parcel Number: 7261014028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 271.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 835.00
  • Trash Expense: 2560.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 11622.00
  • Price Per Lot Square Foot: 157.03
  • Lot Size Acres: 0.2670

Multi Family

  • Gross Income: 12723.00
  • Gross Multiplier: 12.18
  • Gross Scheduled Income: 152676.00
  • Insurance Expense: 4550.00
  • Lot Size Area: 11622.0000 Square Feet
  • Maintenance Expense: 12214.00
  • Net Operating Income: 89059.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 55983.00
  • Operating Expense Percent: 36.70
  • Other Expense: 4468.00
  • Other Expense Description: Lgl/Fees
  • Rent Control: No
  • Total Actual Rent: 12543.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 21096.00
  • Tax Lot: 52
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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 Prior Sale
04/20/2016 04/20/16 Sold $1,825,000 -1.9% $272 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $1,860,000 +66.1% $277 / Sq Ft
04/16/2014 04/16/14 Sold $1,120,000 -10.0% $167 / Sq Ft View Prior Sale
01/30/2014 01/30/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $1,245,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $32,492 $2,334,657 $848,966 $1,485,691
2024 $31,074 $2,288,880 $832,320 $1,456,560
2023 $30,522 $2,244,000 $816,000 $1,428,000
2022 $28,666 $2,200,000 $800,000 $1,400,000
2021 $21,908 $1,640,466 $874,916 $765,550
2020 $21,852 $1,624,766 $865,945 $758,821
2019 $21,593 $1,592,931 $848,966 $743,965
2018 $21,002 $1,561,720 $832,320 $729,400
2016 $13,617 $1,004,467 $414,213 $590,254
2015 $13,104 $989,380 $407,992 $581,388
2014 $16,268 $1,250,000 $543,500 $706,500
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041802

California Regional Multiple Listing Service (CRMLS)