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

Sale Details

Date Sold: August 22, 2016

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

Highlights

  • Gated Community
  • No HOA
  • Laundry Facilities
  • 14,864 Sq Ft lot
  • Corian Countertops
  • 2-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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931 | Remodeled

Lot Details

  • 14,864 Sq Ft 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

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

0.34 Acres

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

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
Sep 10, 2024
Sold by
Austin Scott A
Bought by

Purchase Details

Closed on
Mar 15, 2021
Sold by
Austin Corie
Bought by
Austin Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Interest Rate
2.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2016
Sold by
Reid Garth and Reid Mary
Bought by
Austin Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,318,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2014
Sold by
New Cedar Properties Llc
Bought by
The Reid Family Living Trust

Purchase Details

Closed on
Mar 25, 2011
Sold by
Reid Dds Ms Garth and Reid Mary L
Bought by
New Cedar Properties Llc

Purchase Details

Closed on
Nov 20, 2006
Sold by
Calhoun Marvin Pat and Calhoun Tsurue
Bought by
Reid Garth and Reid Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,315,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2005
Sold by
Plasier Stoika Llc
Bought by
Calhoun Marvin Pat and Calhoun Tsurue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2004
Sold by
Cleveland Charles R and Cleveland Linda M
Bought by
Plasier Stoika Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2001
Sold by
Cleveland Charles and Cleveland Linda
Bought by
Cleveland Charles R and Cleveland Linda M

Purchase Details

Closed on
Mar 28, 2001
Sold by
Web Service Company Inc
Bought by
Cleveland Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 1998
Sold by
Vander Hulst John and Vander Margaret
Bought by
Vanderhulst John and Vanderhulst Margaret
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
Austin Scott A -- Ticor Title
Austin Scott $1,850,000 Ticor Title
The Reid Family Living Trust -- Accommodation
New Cedar Properties Llc -- Accommodation
Reid Garth $1,975,000 United General Title Ins Co
Calhoun Marvin Pat $920,000 Commonwealth Title
Calhoun Marvin Pat $1,080,000 Commonwealth Title
Plasier Stoika Llc $1,135,000 Commonwealth Title
Cleveland Charles R -- --
Cleveland Charles -- North American Title
Vanderhulst John -- --
Vanderhulst John -- --
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 $2,310,000
Previous Owner Austin Scott $1,318,000
Previous Owner Reid Garth $1,315,000
Previous Owner Calhoun Marvin Pat $810,000
Previous Owner Calhoun Marvin Pat $690,000
Previous Owner Plasier Stoica Llc $40,000
Previous Owner Plasier Stoika Llc $830,000
Previous Owner Cleveland Charles $375,000
Previous Owner Cleveland Charles $45,000
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
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

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 $30,220 $2,190,018 $710,274 $1,479,744
2025 $30,220 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16083187

California Regional Multiple Listing Service (CRMLS)
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