NOT LISTED FOR SALE
2 Beds
1 Bath
6,944 Sq Ft
0.57 Acres

Last Sold August 30, 2013

Last sale price $517,000 $74 Per Sq Ft

5 Days on Market

Highlights

  • Desert View
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Living Room
  • Storage

About This Home

As of August 2013

Here's a wonderful investment opportunity for any investor, seasoned or new alike! Eight beautiful units, in two buildings. Completely occupied at $800/mo each, with very strong tenants. Price was reduced for a quick sale.

Last Agent to Sell the Property

Giuseppe Cappellino

BENCHMARK REALTORS License #01872106 Listed on: 05/16/2013

Last Buyer's Agent

Tracy Ishino

Legacy Real Estate License #00855731

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 150x135
  • Two or More Common Walls
  • Fence is in average condition
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 6,944 Sq Ft Home
  • 2-Story Property
  • Blinds
  • ENERGY STAR Qualified Doors
  • Living Room
  • Storage
  • Carpet
  • Desert Views
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, trash collection, water
  • Legal Lot and Block D / 116
  • Tax Tract Number 10020
  • Assessor Parcel Number 0410242490000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $500
  • Insurance Expense $500
  • Maintenance Expense $100
  • Professional Management Expense $200
  • Trash Expense $300
  • Gross Income $5,200
  • Net Operating Income $5,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1986 | Remodeled

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 200.00
  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 0410242490000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: ENERGY STAR Qualified Doors
  • Levels: Two
  • Price Per Square Foot: 74.45
  • Room Type: Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Desert
  • Fencing: Average Condition
  • Builder Name: UNK
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size: 150x135
  • Lot Size Sq Ft: 24750.00
  • Lot Size Acres: 0.5680

Rental Info

  • Tenant Pays: Cable TV, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 6944
  • Electric Expense: 500.00
  • Gross Income: 5200.00
  • Gross Scheduled Income: 6400.00
  • Insurance Expense: 500.00
  • Lot Size Area: 24750.0000 Square Feet
  • Maintenance Expense: 100.00
  • Net Operating Income: 5400.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Number Wall A C: 8
  • Number With Carpet: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Drapes: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 1500.00
  • Rent Control: No

Tax Info

  • Tax Area: 20090
  • Tax Block: 116
  • Taxes Percent: 2.02
  • Tax Lot: D
  • Tax Tract Number: 10020
  • Tax Year: 2012

Range of Values:

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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
08/30/2013 08/30/13 Sold $517,000 -6.0% $74 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $550,000 -- $79 / 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: CV13091591

California Regional Multiple Listing Service (CRMLS)