NOT LISTED FOR SALE
5 Beds
2 Baths
1,928 Sq Ft
1930 Built

Last Sold May 09, 2017

Last sale price $387,500 $201 Per Sq Ft

4 Days on Market

Highlights

  • Property is near park
  • Evaporated cooling system
  • Level Lot
  • Granite Countertops
  • Laundry Room
  • 3-minute walk to Crawford W. Clark Memorial Park

About This Home

As of May 2017

Collect rent on 3 doors! 3 homes with established tenants on one lot. Newer kitchen cabinets and granite counters in each unit with other substantial remodeling completed last year on two units. Separate Gas - Electric - Water meters and low operating costs. GRM = 8.3, Current CAP rate is 8%. Projected CAP with rents at current market is 11%! Drive-by only, do NOT disturb or approach tenants! Information deemed reliable but not guaranteed.

Last Agent to Sell the Property

John Donaldson

GUIDE Real Estate License #01344499 Listed on: 04/05/2017

GUIDE Real Estate

Last Buyer's Agent

Robert Sousa

COMPASS License #01774193

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 10,500 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Level Lot

Home Design

  • 1,928 Sq Ft Home
  • Raised Foundation
  • Metal Roof

Kitchen

  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Property is near park
  • Suburban Location

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 017211003

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $416
  • Trash Expense $648
  • New Taxes Expense $2,371
  • Operating Expense $6,459
  • Gross Income $37,800
  • Net Operating Income $31,341

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

10,500 Sq Ft Lot

Listing Details

  • CapRate: 8.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: R
  • Property Type: Residential Income
  • Parcel Number: 017211003
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 200.99

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Metal

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Inside, Outside
  • Sewer: Conventional Septic
  • Trash Expense: 648.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Rural, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Park Nearby
  • Lot Size Sq Ft: 10500.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 37800.00
  • Gross Multiplier: 8.30
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 416.00
  • Net Operating Income: 31341.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6459.00
  • Rent Control: No
  • Total Actual Rent: 3150.00
  • Total Expenses: 6459.00

Tax Info

  • New Taxes Expense: 2371.00
  • Tax Census Tract: 103.00
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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 Prior Sale
05/09/2017 05/09/17 Sold $387,500 -0.6% $201 / Sq Ft
04/05/2017 04/05/17 For Sale $390,000 +73.3% $202 / Sq Ft
03/27/2015 03/27/15 Sold $225,000 0.0% $117 / Sq Ft View Prior Sale
02/07/2015 02/07/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $225,000 -- $117 / 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 $4,799 $449,720 $127,661 $322,059
2024 $4,713 $440,903 $125,158 $315,745
2023 $4,713 $432,258 $122,704 $309,554
2022 $4,623 $423,784 $120,299 $303,485
2021 $4,534 $415,476 $117,941 $297,535
2020 $4,488 $411,217 $116,732 $294,485
2019 $4,401 $403,155 $114,444 $288,711
2018 $4,315 $395,250 $112,200 $283,050
2017 $2,558 $232,999 $82,844 $150,155
2016 $2,371 $228,431 $81,220 $147,211
2015 $2,134 $205,278 $110,179 $95,099
2014 $1,742 $170,000 $50,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS17069955

California Regional Multiple Listing Service (CRMLS)
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