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

Sale Details

Date 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

7,433 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2025
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,166,500
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 29, 2016
Closed on
Mar 9, 2016
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Jon Swire
The Agency
List Price
$2,000,000
Sold Price
$1,950,000
Premium/Discount to List
-$50,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,606,205
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
0.0413%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,000
Interest Rate
0.0625%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,000
Interest Rate
0.0625%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,000
Interest Rate
0.0625%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2004
Sold by
Bought by

Purchase Details

Closed on
May 4, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
0.0627%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$3,095,000 Fidelity National Title
$1,950,500 Ticor Title Natl Commercial
$1,395,000 Chicago Title Company
-- None Available
-- First American Title Company
$689,500 Fatcola
$689,500 First American Title Co
-- First American Title Company
-- --
$1,150,000 Land America Lawyers Title
-- South Coast Title
-- United Title
-- Southland Title Corporation
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $2,166,500
Previous Owner $2,090,000
Previous Owner $1,763,500
Previous Owner $1,606,205
Previous Owner $896,000
Previous Owner $958,000
Previous Owner $958,000
Previous Owner $958,000
Previous Owner $862,500
Previous Owner $112,000
Source: Public Records

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
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

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
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

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041776

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.