NOT LISTED FOR SALE
8 Beds
7 Baths
4,396 Sq Ft
0.34 Acres

Last Sold December 11, 2015

Last sale price $625,000 $142 Per Sq Ft

86 Days on Market

Highlights

  • 0.34 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wood Siding
  • Private Yard

About This Home

As of December 2015

**6.7 Cap and 10 GRM - True Cash Flow Property** Probate Sale** The subject property is comprised of two buildings; the front building built in 1988 contains 1(3+1.75) and 2(1+1); the rear triplex built in the 1950s contains 3 single story one bedroom units - 3 (1+1) - all situated on a 14,982 square foot lot zoned R3. Each unit is separately metered for electric and gas. There are two garages on the premises with 10 carport parking spaces with ample street parking also available. There is a large backyard behind the rear triplex for tenants to enjoy. The subject property is situated in a very strong rental neighborhood of mixed apartment buildings and residential homes ideally located 1 mile from 10 freeway onramp, 57 and 71 interchanges.

Last Agent to Sell the Property

Ed Diaz

Vanguard Property Group License #01022469 Listed on: 06/23/2015

Co-Listed By

Brad New

Vanguard Property Group License #01347742

Last Buyer's Agent

Brad New

Vanguard Property Group License #01347742

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Private Yard
  • Lawn
  • Front Yard
  • Density is 21-25 Units/Acre

Parking

  • 2 Car Garage
  • 10 Carport Spaces
  • Parking Available
  • Unassigned Parking

Home Design

  • 4,396 Sq Ft Home
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • Rain Gutters
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 60
  • Assessor Parcel Number 8357002066

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $6,875
  • Gross Income $5,160
  • Net Operating Income $42,045

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.72
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 8357002066
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 142.00

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Brick, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 21-25 Units/Acre, Front Yard, Lawn, Yard
  • Lot Size Sq Ft: 14982.00
  • Price Per Lot Square Foot: 41.72
  • Lot Size Acres: 0.3440

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5160.00
  • Gross Multiplier: 10.09
  • Gross Scheduled Income: 61920.00
  • Lot Size Area: 14982.0000 Square Feet
  • Net Operating Income: 42045.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 18018.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Lot: 3
  • Tax Tract Number: 60

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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Average Value
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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
12/11/2015 12/11/15 Sold $625,000 0.0% $142 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $625,000 -- $142 / 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 $21,816 $1,570,587 $1,061,208 $509,379
2024 $19,970 $1,539,792 $1,040,400 $499,392
2023 $19,581 $1,509,600 $1,020,000 $489,600
2022 $9,949 $697,196 $250,990 $446,206
2021 $9,712 $683,526 $246,069 $437,457
2020 $9,681 $676,518 $243,546 $432,972
2019 $9,898 $663,254 $238,771 $424,483
2018 $9,193 $650,250 $234,090 $416,160
2016 $8,598 $625,000 $225,000 $400,000
2015 $8,414 $605,428 $336,378 $269,050
2014 $8,404 $593,569 $329,789 $263,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15136441

California Regional Multiple Listing Service (CRMLS)