NOT LISTED FOR SALE

Estimated Value: $1,194,083

7 Beds
4 Baths
2,903 Sq Ft
$411/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2016

Last sale price $755,000 $260 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,531 / mo

189 Days on Market

About This Home

As of November 2016

Buy now, build soon. Split this lot into 7 condo units.

Currently this property has 3 detached homes, each with a private yard and garage. This multi-unit has strong cash flow with 30% down. The front unit is a 3 bedroom 2 bathroom rented for $1925, middle unit is 2 bedroom 1 bathroom rented for $1200, and back unit 2 bedroom 1 bathroom rented for $1280.

This is a fabulous opportunity to build and sell as new construction separate residential units or hold them under 1 portfolio with great cash flow.

Developers take note of this property ready for more units. Height drawings and plans available in supplements section.

Last Agent to Sell the Property

Pete Tryce

Keller Williams Realty License #01329992 Listed on: 07/11/2016

Co-Listed By

Chuck Brewer

HomeSmart Realty Group License #01939550

Last Buyer's Agent

Scott Kim

New Star Realty License #01759544

New Star Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 14,523 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 2,903 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 143
  • Tax Tract Number 554105
  • Assessor Parcel Number 7109006027

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Electric Expense $422
  • Fuel Expense $422
  • Gardener Expense $962
  • Insurance Expense $1,790
  • Trash Expense $668
  • Water Sewer Expense $422
  • Operating Expense $4,686
  • Gross Income $4,405
  • Net Operating Income $48,174

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.33 Acres

Parking

2

Listing Details

  • CapRate: 5.55
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 422.00
  • Property Type: Residential Income
  • Gardener Expense: 962.00
  • Parcel Number: 7109006027
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 260.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 668.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14523.00
  • Price Per Lot Square Foot: 55.09
  • Lot Size Acres: 0.3330

Multi Family

  • Electric Expense: 422.00
  • Fuel Expense: 422.00
  • Gross Income: 4405.00
  • Gross Multiplier: 15.13
  • Gross Scheduled Income: 52860.00
  • Insurance Expense: 1790.00
  • Lot Size Area: 14523.0000 Square Feet
  • Net Operating Income: 48174.00
  • Number Of Units Total: 3
  • Operating Expense: 4686.00
  • Rent Control: No
  • Total Expenses: 4686.00

Tax Info

  • Tax Lot: 143
  • Tax Tract Number: 554105

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
11/08/2016 11/08/16 Sold $755,000 -5.6% $260 / Sq Ft
07/11/2016 07/11/16 Price Changed $800,000 0.0% $276 / Sq Ft
07/11/2016 07/11/16 For Sale $800,000 +6.0% $276 / Sq Ft
04/18/2016 04/18/16 Off Market $755,000 -- --
02/04/2016 02/04/16 For Sale $850,000 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16023462

California Regional Multiple Listing Service (CRMLS)

APN: 7109-006-027

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