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

Sale Details

Date 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
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 11,622 Sq Ft 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

0.27 Acres

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $32,492 $2,381,349 $865,945 $1,515,404
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)
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