$6,991,000
PENDING $3M PRICE DROP

Estimated payment $45,083/month

Total Views 10,474
13 Beds
13 Baths
26,056 Sq Ft
$268 Price per Sq Ft

Highlights

  • 0.63 Acre Lot
  • No HOA
  • Laundry Room

About This Home

* This property is "Probate Sale"!!!
* Total 38 units. (34 units are "1 bed/1 bath", and 4 units are "2 bed/1.5 bath").
* Monthly current total gross rent $48,625.00. But it will be changed to $51,825.00 near future.
The reason is why we have to have two new tenants near future for #1 (vacant now) $1,600.00, and #38, $1,600.00 (?) (This unit tenant has not paid the rent for more than one year. But current owner has passed away. So, new property owner has to evict the current tenant and have a new tenant.
The rent roll: 18 units x $1,325 = $23,850. 5 units x $1500 = $7,500. 4 units x $1575 = $6,300. 3 units x $1,425 = $4,275. 2 units x 1,600 = $3200.
1 unit 1,200. 1 unit (#9, on-site manager lives.), $0.00. 1 unit $1,400. 1 unit $1,375. 1 unit $1,475. 1 unit $1,250.
* Expense report, for last year, we have Jan to Aug. For this year, April to May.

Listing Agent

Kikuo Takahashi

Kasumi Realty, Inc. Brokerage Phone: 310-634-8686 License #01008077 Listed on: 12/05/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.63 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 38 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 26,056 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Listing and Financial Details

  • Tax Lot 208
  • Tax Tract Number 993
  • Assessor Parcel Number 4071018017
  • $10,398 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 38 Units

Amenities

  • Laundry Facilities

Building Details

  • 38 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Electric Expense $12,000
  • Insurance Expense $6,000
  • Professional Management Expense $10,200
  • Trash Expense $6,000
  • Water Sewer Expense $6,000
  • Operating Expense $40,200
  • Gross Income $622,080
  • Net Operating Income $598,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

38

Listing Details

  • Price Per Unit: 183974
  • Professional Management Expense: 10200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: LCC4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4071018017
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front gate
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 268.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 38.00
  • Total Parking Spaces: 38.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 27582.00
  • Lot Size Acres: 0.6332

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 12000.00
  • Gross Income: 622080.00
  • Gross Scheduled Income: 622080.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 27582.0000 Square Feet
  • Net Operating Income: 598080.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 38
  • Number Of Units Total: 38
  • Operating Expense: 24000.00
  • Rent Control: Yes
  • Total Actual Rent: 51825.00
  • Total Expenses: 40200.00

Tax Info

  • Tax Census Tract: 6037.06
  • Tax Lot: 208
  • Tax Tract Number: 993
  • TaxOtherAnnualAssessmentAmount: 10398.00

Map

Range of Values:

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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 Change Sq Ft Price
07/28/2025 07/28/25 Pending -- -- --
07/14/2025 07/14/25 Off Market $6,991,000 -- --
05/19/2025 05/19/25 For Sale $6,991,000 0.0% $268 / Sq Ft
04/03/2025 04/03/25 Off Market $6,991,000 -- --
04/01/2025 04/01/25 For Sale $6,991,000 0.0% $268 / Sq Ft
03/31/2025 03/31/25 Off Market $6,991,000 -- --
03/31/2025 03/31/25 For Sale $6,991,000 0.0% $268 / Sq Ft
03/14/2025 03/14/25 Off Market $6,991,000 -- --
03/13/2025 03/13/25 For Sale $6,991,000 0.0% $268 / Sq Ft
02/25/2025 02/25/25 Off Market $6,991,000 -- --
02/24/2025 02/24/25 Price Changed $6,991,000 -6.8% $268 / Sq Ft
02/14/2025 02/14/25 Price Changed $7,500,000 -6.1% $288 / Sq Ft
02/13/2025 02/13/25 Price Changed $7,990,000 -6.0% $307 / Sq Ft
02/12/2025 02/12/25 Price Changed $8,500,000 -10.5% $326 / Sq Ft
12/05/2024 12/05/24 For Sale $9,500,000 -- $365 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24242219

California Regional Multiple Listing Service (CRMLS)