NOT LISTED FOR SALE
24 Beds
10 Baths
10,264 Sq Ft
0.34 Acres

Last Sold August 22, 2016

Last sale price $1,850,000 $180 Per Sq Ft

Highlights

  • Gated Community
  • No HOA
  • Laundry Room
  • 14,864 Sq Ft lot
  • Corian Countertops
  • 3-minute walk to 14th Street Park

About This Home

As of August 2016

13 unit apartment building in non-rent controlled community. This classic 1930' s apartment building has been completely renovated on the inside. Situated on a 14,864 square foot lot the unit mix consist of 8 two bedroom one bath units and 5 three bedroom one bath units which totals approximately 10,264 gross square feet of building. All units have new kitchens with granite counter tops, stainless steel sinks. There are 5 garages with alley access and 14 parking spaces inside a gated, remote controlled parking lot. On-site laundry facility with two washers & dryers. Each unit is separately metered for electricity and gas.

Last Agent to Sell the Property

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 04/18/2016

Coldwell Banker Realty

Last Buyer's Agent

Scott Austin

Home Base Realty, Inc License #01270622

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • East Facing Home

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 10,264 Sq Ft Home
  • Rolled or Hot Mop Roof
  • Composition Roof

Kitchen

  • Corian Countertops
  • Disposal

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 5421
  • Assessor Parcel Number 7269041037

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 13 Units

Building Details

  • 13 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • Electric Expense $1,137
  • Gardener Expense $1,080
  • Insurance Expense $3,844
  • Pest Control $1,858
  • Trash Expense $1
  • Water Sewer Expense $7,070
  • New Taxes Expense $22,500
  • Gross Income $15,045
  • Net Operating Income $102,301

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1931 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.46
  • Inclusions: Owners stoves
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
  • Water Sewer Expenses: 7070.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7269041037
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Corian Counters
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 180.24

Exterior Features

  • Direction Faces: East
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 33.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater, Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1858.00
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14864.00
  • Price Per Lot Square Foot: 124.46

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1137.00
  • Gross Income: 15045.00
  • Gross Multiplier: 10.74
  • Gross Scheduled Income: 174540.00
  • Insurance Expense: 3844.00
  • Net Operating Income: 102301.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Number With Carpet: 13
  • Number With Disposal: 13
  • Number With Range: 13
  • Operating Expense: 69512.00
  • Rent Control: No
  • Total Actual Rent: 14545.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Lot: 12
  • 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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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
08/22/2016 08/22/16 Sold $1,850,000 -1.3% $180 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $1,875,000 -- $183 / 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 $28,863 $2,147,078 $696,348 $1,450,730
2024 $28,863 $2,104,980 $682,695 $1,422,285
2023 $28,365 $2,063,707 $669,309 $1,394,398
2022 $26,664 $2,023,243 $656,186 $1,367,057
2021 $26,083 $1,983,572 $643,320 $1,340,252
2020 $26,014 $1,963,234 $636,724 $1,326,510
2019 $25,711 $1,924,740 $624,240 $1,300,500
2018 $24,887 $1,887,000 $612,000 $1,275,000
2016 $19,983 $1,563,485 $609,150 $954,335
2015 $19,207 $1,540,000 $600,000 $940,000
2014 $19,469 $1,540,000 $1,100,000 $440,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16083187

California Regional Multiple Listing Service (CRMLS)