NOT LISTED FOR SALE
9 Beds
7 Baths
4,346 Sq Ft
8,276 Sq Ft Lot

Last Sold July 22, 2013

Last sale price $815,000 $188 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • John O. Tynes Elementary School Rated A-
  • Laundry Room
  • South Facing Home

About This Home

As of July 2013

Residential Income Property. Four-plex. Covington Style located near Acacia and Orangethorpe. Fully occupied with long term residents. Garden style yard with on-site owned coin laundry room. Laundry hook ups in each garage with separate water heaters for each unit. Individual unit meters for electric and gas. Complete bathroom remodel work recently completed in most units. Granite counter tops in several. Downstairs units have private enclosed patios. Upstairs units have balconies.

Last Agent to Sell the Property

Gail Itnyre

Vida Bella Incorporated License #01526809 Listed on: 05/12/2013

Last Buyer's Agent

Brent Lippincott

TREC HOMES INC. License #01729047

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 4,346 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laminate Flooring

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, HVAC maintenance
  • Tax Lot 562
  • Tax Tract Number 5270
  • Assessor Parcel Number 07356230

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Gardener Expense $600
  • Insurance Expense $1,398
  • Maintenance Expense $3,000
  • Pest Control $576
  • Water Sewer Expense $1,620
  • New Taxes Expense $7,890
  • Gross Income $5,435
  • Net Operating Income $46,114

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

8,276 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.90
  • Inclusions: Coin operated laundry equipment
  • Improvements Percent: 42.00
  • Property Attached: No
  • Water Sewer Expenses: 1620.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 07356230
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 187.53

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Pest Control Expense: 576.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas, HVAC Maintenance

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 5435.00
  • Gross Multiplier: 12.19
  • Gross Scheduled Income: 65220.00
  • Insurance Expense: 1398.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 46114.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 15845.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7890.00
  • Tax Lot: 562
  • Tax Tract Number: 5270
  • Tax Year: 2012
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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
07/22/2013 07/22/13 Sold $815,000 +2.5% $188 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
05/12/2013 05/12/13 For Sale $795,000 -- $183 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,838 $999,074 $809,786 $189,288
2024 $11,838 $979,485 $793,908 $185,577
2023 $11,586 $960,280 $778,341 $181,939
2022 $11,436 $941,451 $763,079 $178,372
2021 $11,454 $922,992 $748,117 $174,875
2020 $11,405 $913,528 $740,446 $173,082
2019 $11,071 $895,616 $725,927 $169,689
2018 $10,845 $878,055 $711,693 $166,362
2017 $10,424 $860,839 $697,739 $163,100
2016 $10,393 $843,960 $684,058 $159,902
2015 $10,301 $831,283 $673,782 $157,501
2014 $9,674 $815,000 $660,584 $154,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13087747

California Regional Multiple Listing Service (CRMLS)

APN: 073-562-30

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