NOT LISTED FOR SALE
5 Beds
2 Baths
1,928 Sq Ft
10,500 Sq Ft Lot

Sale Details

Date Sold: May 9, 2017

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

4 Days on Market

Highlights

  • Property is near park
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Granite Countertops
  • Level Lot
  • 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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Property is near park
  • Suburban Location

Utilities

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

Additional Features

  • Granite Countertops
  • Laundry Located Outside

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

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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