NOT LISTED FOR SALE
27 Beds
9 Baths
6,049 Sq Ft
16,988 Sq Ft

Last Sold February 26, 2014

Last sale price $1,300,000 $215 Per Sq Ft

203 Days on Market

Highlights

  • 0.39 Acre Lot
  • Woodrow Wilson High School Rated A
  • Front Yard

About This Home

As of February 2014

10 Bungalow Style units (2) 4 bedrooms 1 bath, (6) 3 bedrooms 1 bath and (2) 2 bedrooms 1 bath . Three have enclosed patios. One has a large roof top sun deck. Gas and Electric are individually metered. Two separate lots five units each. Located in a strong rental area.

Last Agent to Sell the Property

Rich McHugh

Realty One Group West License #00907876 Listed on: 05/08/2013

Realty One Group West

Last Buyer's Agent

James Wang

WANGS INVESTMENT GROUP License #00851048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.39 Acre Lot
  • No Common Walls
  • Front Yard

Parking

  • 10 Parking Spaces

Home Design

  • 6,049 Sq Ft Home

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 5
  • Assessor Parcel Number 7260014038

Community Details

Overview

  • 10 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $169
  • Gardener Expense $240
  • Insurance Expense $3,143
  • Maintenance Expense $4,714
  • Pest Control $960
  • Professional Management Expense $6,400
  • Water Sewer Expense $7,738
  • New Taxes Expense $10,043
  • Gross Income $11,750
  • Net Operating Income $99,969

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0.39 Acres

Listing Details

  • CapRate: 6.89
  • Professional Management Expense: 6400.00
  • Property Attached: No
  • Water Sewer Expenses: 7738.00
  • Property Type: Residential Income
  • Gardener Expense: 240.00
  • Parcel Number: 7260014038
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 214.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 17007.00
  • Lot Size Acres: 0.3900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 169.00
  • Gross Income: 11750.00
  • Gross Multiplier: 10.28
  • Gross Scheduled Income: 141000.00
  • Insurance Expense: 3143.00
  • Lot Size Area: 17007.0000 Square Feet
  • Maintenance Expense: 4714.00
  • Net Operating Income: 99969.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 33981.00
  • Rent Control: No
  • Total Actual Rent: 11950.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10043.00
  • Tax Area: 5500
  • Tax Block: 5
  • Tax Lot: 5
  • Tax Year: 2012
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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
02/26/2014 02/26/14 Sold $1,300,000 +92757.1% $215 / Sq Ft
11/27/2013 11/27/13 Pending -- -- --
10/10/2013 10/10/13 Rented $1,400 0.0% --
10/10/2013 10/10/13 Under Contract -- -- --
09/04/2013 09/04/13 For Rent $1,400 0.0% --
05/08/2013 05/08/13 For Sale $1,450,000 0.0% $240 / Sq Ft
11/12/2012 11/12/12 Rented $1,600 0.0% --
11/12/2012 11/12/12 Under Contract -- -- --
07/18/2012 07/18/12 For Rent $1,600 -- --
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 $23,593 $1,796,757 $1,081,661 $715,096
2024 $23,593 $1,761,527 $1,060,452 $701,075
2023 $23,203 $1,726,988 $1,039,659 $687,329
2022 $21,806 $1,693,126 $1,019,274 $673,852
2021 $21,348 $1,659,929 $999,289 $660,640
2020 $21,290 $1,642,909 $989,043 $653,866
2019 $21,046 $1,610,696 $969,650 $641,046
2018 $20,282 $1,579,115 $950,638 $628,477
2016 $18,620 $1,517,798 $913,725 $604,073
2015 $15,977 $1,325,974 $815,984 $509,990
2014 $10,193 $811,876 $400,139 $411,737
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13085165

California Regional Multiple Listing Service (CRMLS)
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