NOT LISTED FOR SALE
3 Beds
2 Baths
20,610 Sq Ft
0.65 Acres

Last Sold August 19, 2012

Last sale price $2,797,500 $136 Per Sq Ft

151 Days on Market

About This Home

As of August 2012

The Lemoli Terraces consist of (20) 1BR/1BA and (12) 2BR/1BA which are individually metered for electricity, has secured access, carports, storage lockers and laundry facilities. No rent control. Existing loan must be assumed, contact listing agent for details.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 01/16/2012

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 01/16/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.65

Home Design

  • 20,610 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 32 Parking Spaces
  • 32 Carport Spaces

Additional Features

  • 0.65 Acre Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 4071016006

Community Details

Overview

  • 32 Units

Building Details

  • 33 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $6,183
  • Maintenance Expense $29,997
  • Other Expense $1,500
  • Professional Management Expense $14,249
  • Trash Expense $9,501
  • Water Sewer Expense $9,501
  • New Taxes Expense $39,167
  • Gross Income $31,247
  • Net Operating Income $225,217

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.53
  • Professional Management Expense: 14249.00
  • View: No
  • Water Sewer Expenses: 9501.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 4071016006
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 135.74

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 32.00
  • Parking: No
  • Total Parking Spaces: 32.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 9501.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 28262.00
  • Lot Size Acres: 0.6490

Multi Family

  • Gross Income: 31247.00
  • Gross Multiplier: 7.97
  • Gross Scheduled Income: 374964.00
  • Gross Spendable Income: 52226.00
  • Insurance Expense: 6183.00
  • Lot Size Area: 28262.0000 Square Feet
  • Maintenance Expense: 29997.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 225217.00
  • Number Of Separate Electric Meters: 33
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 32
  • Operating Expense: 130999.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1500.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 39167.00

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2012 08/19/12 Sold $2,797,500 -6.4% $136 / Sq Ft
06/15/2012 06/15/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $2,990,000 -- $145 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P808837

California Regional Multiple Listing Service (CRMLS)