NOT LISTED FOR SALE
9 Beds
7 Baths
4,286 Sq Ft
8,276 Sq Ft Lot

Last Sold December 02, 2013

Last sale price $815,000 $190 Per Sq Ft

21 Days on Market

Highlights

  • No HOA
  • Double Door Entry
  • Forced Air Heating System
  • John O. Tynes Elementary School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of December 2013

Prime Covington 4 plex- Well maintained- good location. Long time owner will carry below market financing if buyer desires. Washer and Dryer hookups in each garage plus community laundry room. Each unit has private patio and or balcony. Front unit is large- similar to a house with a fireplace in Living Room.

Last Agent to Sell the Property

Keith Wichner

Seven Gables Real Estate License #00586443 Listed on: 09/24/2013

Seven Gables Real Estate

Last Buyer's Agent

Martin Cueva

Advance Realty License #01103656

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 68 x 117
  • Two or More Common Walls
  • Block Wall Fence
  • Density is 16-20 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,286 Sq Ft Home
  • 2-Story Property
  • Double Door Entry
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 5268
  • Assessor Parcel Number 07356225

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Built by covington

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $260
  • Gardener Expense $720
  • Insurance Expense $1,200
  • Maintenance Expense $2,659
  • Pest Control $100
  • Professional Management Expense $2,193
  • Trash Expense $1,440
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,188
  • Gross Income $4,570
  • Net Operating Income $33,290

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,276 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Professional Management Expense: 2193.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 07356225
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: Double Door Entry
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 190.15

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Builder Name: covington
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Community, In Garage
  • Pest Control Expense: 100.00
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size: 68 x 117
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1050
  • Average3 Bed Area: 1250
  • Electric Expense: 260.00
  • Gross Income: 4570.00
  • Gross Multiplier: 14.99
  • Gross Scheduled Income: 54840.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 2659.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 33290.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 19905.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Total Actual Rent: 4570.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9188.00
  • Taxes Percent: 1.10
  • Tax Lot: 7
  • Tax Tract Number: 5268
  • 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
12/02/2013 12/02/13 Sold $815,000 -1.2% $190 / Sq Ft
10/15/2013 10/15/13 Pending -- -- --
09/24/2013 09/24/13 For Sale $825,000 -- $192 / 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 $11,440 $999,074 $826,711 $172,363
2024 $11,440 $979,485 $810,501 $168,984
2023 $11,243 $960,280 $794,609 $165,671
2022 $11,150 $941,451 $779,028 $162,423
2021 $10,967 $922,992 $763,753 $159,239
2020 $10,991 $913,528 $755,921 $157,607
2019 $10,618 $895,616 $741,099 $154,517
2018 $10,490 $878,055 $726,567 $151,488
2017 $10,322 $860,839 $712,321 $148,518
2016 $10,120 $843,960 $698,354 $145,606
2015 $10,010 $831,283 $687,864 $143,419
2014 $9,719 $815,000 $674,390 $140,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13194744

California Regional Multiple Listing Service (CRMLS)

APN: 073-562-25

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