NOT LISTED FOR SALE
3 Beds
3 Baths
9,028 Sq Ft
8,505 Sq Ft Lot

Last Sold February 25, 2013

Last sale price $1,440,000 $160 Per Sq Ft

37 Days on Market

About This Home

As of February 2013

Subject Property consists of (4) 1BR/1BA & (8) 2BR/2BA units, (16) covered parking spaces & (3) single car garages. Upgraded interiors, ceiling fans, dishwashers, balconies.

Last Agent to Sell the Property

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/24/2012

Last Buyer's Agent

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/24/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,505

Parking

  • 1 Car Garage
  • 16 Carport Spaces

Home Design

  • 9,028 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 8,505 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7261007025

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $3,611
  • Maintenance Expense $7,200
  • Other Expense $1,000
  • Pest Control $500
  • Professional Management Expense $3,600
  • Trash Expense $3,900
  • Water Sewer Expense $3,900
  • New Taxes Expense $19,117
  • Gross Income $12,205
  • Net Operating Income $95,529

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.12
  • Professional Management Expense: 3600.00
  • View: No
  • Water Sewer Expenses: 3900.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7261007025
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 159.50

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 19.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Trash Expense: 3900.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8505.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 12205.00
  • Gross Multiplier: 10.65
  • Gross Scheduled Income: 146460.00
  • Insurance Expense: 3611.00
  • Lot Size Area: 8505.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 95529.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 43608.00
  • Operating Expense Percent: 30.00
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 19117.00
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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
02/25/2013 02/25/13 Sold $1,440,000 -7.7% $160 / Sq Ft
09/30/2012 09/30/12 Pending -- -- --
08/24/2012 08/24/12 For Sale $1,560,000 -- $173 / 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 $23,909 $1,773,245 $615,709 $1,157,536
2024 $23,909 $1,738,477 $603,637 $1,134,840
2023 $23,491 $1,704,390 $591,801 $1,112,589
2022 $22,079 $1,670,972 $580,198 $1,090,774
2021 $21,588 $1,638,209 $568,822 $1,069,387
2019 $21,278 $1,589,620 $551,951 $1,037,669
2018 $20,685 $1,558,452 $541,129 $1,017,323
2016 $19,012 $1,497,937 $520,117 $977,820
2015 $18,269 $1,475,438 $512,305 $963,133
2014 $18,186 $1,446,537 $502,270 $944,267
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P832902

California Regional Multiple Listing Service (CRMLS)