NOT LISTED FOR SALE
7 Beds
7 Baths
11,597 Sq Ft
0.59 Acre Lot

Sale Details

Date Sold: August 17, 2016

Last sale price $1,125,000 $97 Per Sq Ft

106 Days on Market

Highlights

  • Private Pool
  • Laundry Room
  • Gentle Sloping Lot
  • Corner Lot
  • Central Heating and Cooling System
  • Carpet

About This Home

As of August 2016

OWNER WILL CARRY WITH 20% DOWN AMORTIZED OVER 30 YEARS DUE IN 15 AT 6% INTEREST.Location, Location, Location! This 11 unit building is just up behind St Mary's hospital. These units have been very well taken care of. The seller has replaced the roof all the windows and the pool equipment and new stairs . Each unit has a refrigerator, there are 9- 2 bedroom 2 bath and 1- 1 bedroom 1 bath. This property is gated and has a pool, BBQ area and 2 bathrooms by the pool. There is a laundry room with 2 washers and dryers.
The seller has done the work for you.
There is a room to raise the rents and he has bumped the rent up to $895.00 as the units become vacated.

Last Agent to Sell the Property

DEBBIE LIGHT

PARKER INTEGRITY License #00888881 Listed on: 04/01/2016

Last Buyer's Agent

De Wilmore

Corcoran Global Living License #01213498

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 25,814 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Gentle Sloping Lot
  • Density is 11-15 Units/Acre

Parking

  • 10 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 11,597 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 392
  • Tax Tract Number 7802
  • Assessor Parcel Number 0473383040000

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $61
  • Insurance Expense $3,000
  • Professional Management Expense $8,000
  • Trash Expense $5,524
  • Water Sewer Expense $8,000
  • New Taxes Expense $8,570
  • Gross Income $7,525
  • Net Operating Income $53,270

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.59 Acres

Parking

10

Listing Details

  • Professional Management Expense: 8000.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 8000.00
  • Property Type: Residential Income
  • Parcel Number: 0473383040000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 97.01

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Trash Expense: 5524.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Gentle Sloping, Corner Lot
  • Lot Size Sq Ft: 25814.00
  • Price Per Lot Square Foot: 43.58

Multi Family

  • Electric Expense: 61.00
  • Gross Income: 7525.00
  • Gross Scheduled Income: 90300.00
  • Insurance Expense: 3000.00
  • Net Operating Income: 53270.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 27192.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8570.00
  • Tax Lot: 392
  • Tax Tract Number: 7802
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,700,000 Wfg National Title Company
-- None Listed On Document
-- None Listed On Document
-- None Available
-- Stewart Title Of Ca Inc
$1,125,000 Stewart Title Of Ca Inc
-- None Available
-- None Available
-- Chicago Title Co
$590,000 Chicago Title Co
-- --
-- --
-- Investors Title Company
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
Closed $1,410,000
Closed $1,190,000
Closed $990,000
Closed $140,000
Closed $215,000
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
08/17/2016 08/17/16 Sold $1,125,000 -6.3% $97 / Sq Ft
07/16/2016 07/16/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $1,200,000 -- $103 / 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 $21,063 $1,734,000 $132,600 $1,601,400
2024 $18,286 $1,530,000 $122,400 $1,407,600
2023 $15,403 $1,254,958 $111,551 $1,143,407
2022 $16,739 $1,230,351 $109,364 $1,120,987
2021 $14,823 $1,206,227 $107,220 $1,099,007
2020 $14,639 $1,193,859 $106,121 $1,087,738
2019 $14,369 $1,170,450 $104,040 $1,066,410
2018 $14,018 $1,147,500 $102,000 $1,045,500
2017 $13,944 $1,125,000 $100,000 $1,025,000
2016 $8,701 $721,849 $23,735 $698,114
2015 $8,570 $711,006 $23,378 $687,628
2014 $8,455 $697,078 $22,920 $674,158
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16072135

California Regional Multiple Listing Service (CRMLS)
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