NOT LISTED FOR SALE
9 Beds
8 Baths
4,532 Sq Ft
8,276 Sq Ft Lot

Last Sold July 16, 2021

Last sale price $1,940,000 $428 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4 Car Garage
  • California Elementary School Rated A
  • Forced Air Heating System

About This Home

As of July 2021

Remodeled and Improved Spice Street 4-plex. - located in the popular Mesa Verde area, close to all amenities, restaurants and easy freeway access .
This property has been well maintained with many improvements over the past few years including exterior paint and re-roofing of the entre building and gutters added. Major remodels to Units #A and #C including granite in kitchen and bathrooms, new flooring, blinds, cabinetry and fixtures. New windows and sliding doors in Units #A, B #C . The deck area at Unit #C & #D was also recently renovated. The property benefits from ample parking, garages are located off the spacious alley, plus additional parking available for Unit #A. There is a coin operated laundry room for tenants use, plus unit #A has its own interior laundry. There are separate meters for gas and electric. The central hot water is for all units and the laundry room and is paid for by owner, hot water heater is less than a year old. A solid investment property in a very popular area.

Last Agent to Sell the Property

Michael Brinkman

Coastline Realty License #00926365 Listed on: 06/02/2021

Last Buyer's Agent

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Parking Lot
  • Off-Street Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 5475
  • Assessor Parcel Number 13949114

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Fuel Expense $1,352
  • Gardener Expense $2,000
  • Insurance Expense $2,100
  • Pest Control $1,400
  • Trash Expense $2,594
  • Water Sewer Expense $3,278
  • New Taxes Expense $19,890
  • Operating Expense $32,080
  • Gross Income $104,280
  • Net Operating Income $72,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3278.00
  • Property Type: Residential Income
  • Gardener Expense: 2000.00
  • Parcel Number: 13949114
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 428.07

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Off Street, Parking Space
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 1400.00
  • Sewer: Public Sewer
  • Trash Expense: 2594.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 756.00
  • Fuel Expense: 1352.00
  • Gross Income: 104280.00
  • Gross Operating Income: 104280.00
  • Gross Scheduled Income: 104280.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1029.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 72200.00
  • 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 Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 32080.00
  • Rent Control: No
  • Total Actual Rent: 8690.00
  • Total Expenses: 32080.00

Tax Info

  • New Taxes Expense: 19890.00
  • Tax Census Tract: 638.06
  • Tax Lot: 32
  • Tax Tract Number: 5475

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
07/16/2021 07/16/21 Sold $1,940,000 +2.4% $428 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $1,895,000 +75.5% $418 / Sq Ft
02/06/2013 02/06/13 Sold $1,080,000 -8.1% $238 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
01/12/2013 01/12/13 For Sale $1,175,000 -- $259 / 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: NP21118362

California Regional Multiple Listing Service (CRMLS)

APN: 139-491-14