NOT LISTED FOR SALE
1 Bed
1 Bath
10,080 Sq Ft
7,433 Sq Ft Lot

Last Sold April 27, 2016

Last sale price $1,950,000 $193 Per Sq Ft

3 Days on Market

About This Home

As of April 2016

• Substantial Upside in Rents
• Upgraded Units
• Across the Street from George Washington Middle School
• Individually-Metered for Electricity
• Newly-Painted & Landscaped

Last Agent to Sell the Property

Peter Gillin

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

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,433 Sq Ft Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 10,080 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 5421
  • Assessor Parcel Number 7269041017

Community Details

Overview

  • 16 Units

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $3,588
  • Maintenance Expense $13,531
  • Other Expense $2,691
  • Pest Control $600
  • Professional Management Expense $4,800
  • Trash Expense $5,247
  • Water Sewer Expense $5,247
  • New Taxes Expense $22,644
  • Gross Income $14,095
  • Net Operating Income $96,487

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5247.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7269041017
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 193.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 5247.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7433.00
  • Price Per Lot Square Foot: 262.34
  • Lot Size Acres: 0.1710

Multi Family

  • Gross Income: 14095.00
  • Gross Multiplier: 11.82
  • Gross Scheduled Income: 169140.00
  • Insurance Expense: 3588.00
  • Lot Size Area: 7433.0000 Square Feet
  • Maintenance Expense: 13531.00
  • Net Operating Income: 96487.00
  • 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: 64196.00
  • Operating Expense Percent: 38.00
  • Other Expense: 2691.00
  • Other Expense Description: Lgl/Fees
  • Rent Control: Yes
  • Total Actual Rent: 13915.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 22644.00
  • Tax Lot: 16
  • Tax Tract Number: 5421

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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List Price
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
04/27/2016 04/27/16 Sold $1,950,000 -2.5% $193 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $2,000,000 -- $198 / 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 $45,651 $3,350,126 $865,945 $2,484,181
2024 $43,646 $3,284,438 $848,966 $2,435,472
2023 $42,892 $3,220,038 $832,320 $2,387,718
2022 $40,266 $3,156,900 $816,000 $2,340,900
2021 $27,968 $2,132,825 $656,186 $1,476,639
2020 $27,894 $2,113,036 $649,458 $1,463,578
2019 $27,566 $2,071,646 $636,724 $1,434,922
2018 $26,862 $2,031,068 $624,240 $1,406,828
2016 $18,861 $1,444,570 $517,767 $926,803
2015 $18,136 $1,422,872 $509,990 $912,882
2014 $18,079 $1,395,000 $500,000 $895,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041776

California Regional Multiple Listing Service (CRMLS)