$1,460,000
SOLD APR 22, 2016
3 Beds
2 Baths
6,720 Sq Ft
6,161 Sq Ft Lot

Recently Sold

$217 Per Sq Ft

2% Below List Price

100 Days on Market

About This Home

As of April 2016

This nine-unit apartment building was first developed in 1962 and has undergone extensive building improvements over the last few years. It consists of eight two-bedroom units and one 1-bedroom unit. Each unit features, upgraded plumbing and electric systems, a few units have new appliances, kitchens and bathroom vanities. In addition, the property is separately metered, offers six single car garages, and has a laundry facility on-site.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 10/14/2015

Last Buyer's Agent

Kevin King

Marcus & Millichap License #01158184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,161 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,720 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431026019

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $10,648
  • Net Operating Income $82,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: 310-363-4919
  • Other Phone Number: 310-363-4919
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7431026019
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 217.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6161.00
  • Price Per Lot Square Foot: 236.97
  • Lot Size Acres: 0.1410

Multi Family

  • Gross Income: 10648.00
  • Gross Scheduled Income: 127776.00
  • Lot Size Area: 6161.0000 Square Feet
  • Net Operating Income: 82560.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 36993.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 1833

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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
04/22/2016 04/22/16 Sold $1,460,000 -2.3% $217 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $1,495,000 +83.4% $222 / Sq Ft
08/09/2012 08/09/12 Sold $815,000 -14.1% $121 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
08/25/2011 08/25/11 For Sale $949,000 -- $141 / 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: SB15226008

California Regional Multiple Listing Service (CRMLS)