NOT LISTED FOR SALE
7 Beds
5 Baths
12,776 Sq Ft
9,489 Sq Ft Lot

Sale Details

Date Sold: February 24, 2015

Last sale price $1,960,000 $153 Per Sq Ft

10 Days on Market

About This Home

As of February 2015

2 Story walk up in a great Eastside rental market. The building needs a facelift but has huge upside in the rents. Surplus of parking for this Eastside gem. Expenses are actual from 2013 and gas water and trash are combined into one under "gas" expense.

Last Agent to Sell the Property

AJ Nay

Maverick Apartment Investments License #01249470 Listed on: 11/25/2014

Co-Listed By

Kurt Schneiter

Maverick Apartment Investments License #01070130

Last Buyer's Agent

AJ Nay

Maverick Apartment Investments License #01249470 Listed on: 11/25/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,489 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 12,776 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 5,4
  • Tax Tract Number 54
  • Assessor Parcel Number 7259028021

Community Details

Overview

  • 2 Buildings
  • 15 Units

Building Details

  • 15 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,319
  • Gardener Expense $1,310
  • Insurance Expense $2,782
  • Maintenance Expense $21,464
  • Other Expense $1,508
  • Professional Management Expense $6,450
  • New Taxes Expense $24,531
  • Gross Income $14,254
  • Net Operating Income $94,733

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

9,489 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 4.86
  • Professional Management Expense: 6450.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Gardener Expense: 1310.00
  • Parcel Number: 7259028021
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 153.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9489.00
  • Lot Size Acres: 0.2180

Multi Family

  • Electric Expense: 1319.00
  • Gross Income: 14254.00
  • Gross Multiplier: 11.40
  • Gross Scheduled Income: 171048.00
  • Insurance Expense: 2782.00
  • Lot Size Area: 9489.0000 Square Feet
  • Maintenance Expense: 21464.00
  • Net Operating Income: 94733.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 67723.00
  • Other Expense: 1508.00
  • Rent Control: No
  • Total Actual Rent: 13919.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 24531.00
  • Tax Lot: 5,4
  • Tax Tract Number: 5,4
  • Tax Year: 2013

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
Aug 26, 2022
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
0.0357%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 19, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,000
Interest Rate
0.0815%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$4,115,545 Fidelity National Title
$1,715,000 First American Title Company
$1,960,000 Chicago Title Company
$637,500 Gateway Title Company
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 $1,743,000
Previous Owner $1,125,000
Previous Owner $1,470,000
Previous Owner $478,000
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
02/24/2015 02/24/15 Sold $1,960,000 +0.5% $153 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
11/25/2014 11/25/14 For Sale $1,950,000 -- $153 / 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
2025 $34,507 $2,574,990 $1,456,560 $1,118,430
2024 $33,009 $2,524,500 $1,428,000 $1,096,500
2023 $32,447 $2,475,000 $1,400,000 $1,075,000
2022 $23,899 $1,875,600 $984,280 $891,320
2021 $23,408 $1,838,825 $964,981 $873,844
2019 $23,073 $1,785,426 $936,360 $849,066
2018 $22,463 $1,750,440 $918,000 $832,440
2016 $14,377 $1,137,080 $446,710 $690,370
2015 $6,397 $460,750 $184,298 $276,452
2014 $6,400 $451,725 $180,688 $271,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14252757

California Regional Multiple Listing Service (CRMLS)
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