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

Sale Details

Date 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

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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

8,505 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,094,450
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 24, 2012
Closed on
Feb 6, 2013
Sold by
Bought by
Seller's Agent
Alan Acree
Morgan Skenderian
Buyer's Agent
Alan Acree
Morgan Skenderian
List Price
$1,560,000
Sold Price
$1,440,000
Premium/Discount to List
-$120,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
-- Chicago Title Company
-- None Available
$1,440,014 First American Title Company
$1,214,580 First American Title Ins Co
-- First American Title Ins Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,350,000
Previous Owner $1,080,000
Previous Owner $500,000
Previous Owner $1,080,000
Previous Owner $275,000
Previous Owner $735,000
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
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

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

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 $25,044 $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)
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