NOT LISTED FOR SALE

Estimated Value: $2,324,000

6 Beds
6 Baths
10,790 Sq Ft
$215/Sq Ft Est. Value

Last Sold March 02, 2012

Last sale price $740,000 $69 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $12,868/month

32 Days on Market

About This Home

As of March 2012

Trust Sale; does not require court confirmation. All offers must be submitted with a Trust Advisory Addendum. Offers will be considered on or after January 6, 2012. Property consist of 2-6 plexes which must be sold together. Three units are vacant. Rents projected @$900,$900,$725. Drive by only! Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Albert Banks

AOA Commercial Brokerage License #00819160 Listed on: 12/19/2011

Last Buyer's Agent

Albert Banks

AOA Commercial Brokerage License #00819160 Listed on: 12/19/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,559

Year Built

  • Built in 1923

Lot Details

  • 0.31

Parking

  • 8 Car Garage

Interior Spaces

  • 10,790 Sq Ft Home
  • 2-Story Property

Additional Features

  • 0.31 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5111-019-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,559

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 10790
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 71.83

Exterior Features

  • Construction: Stucco
  • Pool: No

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Garage
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Water Expense: 5760.00

Fee Information

  • Gas Expense: 245.00
  • Insurance Expense: 5400.00
  • Maintenance Expense: 10389.00
  • Trash Expense: 1320.00

Lot Info

  • Assessed Improvement Value: 41241
  • Assessed Land Value: 15779
  • Assessor Parcel Number: 5111-019-006
  • Lot Size Area: 13504

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 7.46
  • Gross Scheduled Income: 103896.00
  • Gross Spendable Income: 21320.00
  • Number Of Units: 12
  • Rent Control: 100%
  • Total Annual Expense: 35802
  • Type Of Units: 2-6 plex
  • Vacancy Rate: 10%

Tax Info

  • Tax Expense: 9688.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2011
Closed on
Feb 23, 2012
Sold by
Smith Kenneth and Eunice Smith Persons Trust
Bought by
Leeds Frederick H and Leeds Intervivos T Frederick H
Seller's Agent
Albert Banks
AOA Commercial Brokerage
Buyer's Agent
Albert Banks
AOA Commercial Brokerage
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Current Estimated Value
$2,324,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,584,000
Avg. Annual Appreciation
8.04%
Original Mortgage
$555,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2001
Sold by
Persons Eunice
Bought by
Persons Eunice Smith and The Eunice Smith Persons Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Leeds Frederick H $740,007 Lawyers Title
Persons Eunice Smith -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2012 03/02/12 Sold $740,000 -4.5% $69 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
12/19/2011 12/19/11 For Sale $775,000 -- $72 / Sq Ft
Source: The MLS

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 $6,559 $464,730 $125,599 $339,131
2024 $6,559 $455,619 $123,137 $332,482
2023 $6,450 $446,686 $120,723 $325,963
2022 $5,843 $437,928 $118,356 $319,572
2021 $5,743 $429,342 $116,036 $313,306
2019 $5,583 $416,610 $112,596 $304,014
2018 $5,459 $408,442 $110,389 $298,053
2016 $5,168 $392,583 $106,103 $286,480
2015 $5,099 $386,687 $104,510 $282,177
2014 $5,154 $379,113 $102,463 $276,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-571645

The MLS

APN: 5111-019-006