NOT LISTED FOR SALE
6 Beds
4 Baths
6,564 Sq Ft
1960 Built

Last Sold February 01, 2013

Last sale price $1,075,000 $164 Per Sq Ft

9 Days on Market

About This Home

As of February 2013

This offering features an attractive unit mix of one bedroom, two bedroom, and three bedroom units (with fireplace) that is 100% occupied! This pride of ownership property has been very well maintained and professionally managed so a new owner will have peace of mind from costly repairs and expenses. Tenants enjoy garages, an on-site laundry room and patios/balconies for each unit. Monthly expenses are quite low since the property is also individually metered for both Gas and Electric in addition to the tenants being responsible for the trash expense as well!

Last Agent to Sell the Property

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 11/15/2012

Last Buyer's Agent

Ruben Khorsandi

Alliance Investment RE Group License #01085411 Listed on: 11/15/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Parking

  • 8 Parking Spaces

Home Design

  • 6,564 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 25015209

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,100
  • Gardener Expense $960
  • Insurance Expense $2,297
  • Pest Control $720
  • Professional Management Expense $5,246
  • New Taxes Expense $12,045
  • Gross Income $8,744
  • Net Operating Income $68,658

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.27
  • Professional Management Expense: 5246.00
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 25015209
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 163.77

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 720.00
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 2100.00
  • Gross Income: 8744.00
  • Gross Multiplier: 10.44
  • Gross Scheduled Income: 104928.00
  • Insurance Expense: 2297.00
  • Net Operating Income: 68658.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 34922.00

Tax Info

  • New Taxes Expense: 12045.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
02/01/2013 02/01/13 Sold $1,075,000 -1.8% $164 / Sq Ft
11/24/2012 11/24/12 Pending -- -- --
11/15/2012 11/15/12 For Sale $1,095,000 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S718385

California Regional Multiple Listing Service (CRMLS)