NOT LISTED FOR SALE
8 Beds
4 Baths
3,674 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: September 16, 2024

Last sale price $1,953,000 $532 Per Sq Ft

29 Days on Market

Highlights

  • Security Service
  • Forced Air Heating System
  • Ceiling Fan
  • Oster Elementary School Rated A

About This Home

As of September 2024

Excellent Investment! Stunning 4-Plex in a Prime Location. Discover a fantastic investment opportunity with this well-maintained 4-plex, nestled in a highly sought-after, family-oriented neighborhood. Each unit features spacious 2-bedroom layouts with nearly 920 Sqft perfect for comfortable living. Enjoy the convenience of a private park, complete with carports and dedicated storage for each unit. The property also boasts a dedicated laundry room and low-maintenance grounds, ensuring ease for both owners and tenants. Located within walking distance to a variety of restaurants, shops, public transportation, and with easy access to Freeway 85 and 17, this property offers unparalleled convenience. Each unit is bright and welcoming, featuring large double pane windows and recessed lighting, luxury waterproof plank flooring creating a warm and inviting atmosphere. Current rents of ALL units are at market rate, providing a solid return on investment with an impressive cap rate of over 4.3%, a rare find in this area. This 4-plex is a perfect investment for those looking to add a valuable turnkey and easy to maintain asset to their portfolio. No exterior balcony and stairs. Don't miss out on this exceptional opportunity to own a high-demand property with a reasonable price.

Last Agent to Sell the Property

Mina Rezaei

Intero Real Estate Services License #01969725 Listed on: 07/17/2024

Intero Real Estate Services

Last Buyer's Agent

Anuradha Gupta

Intero Real Estate Services License #01728008

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,276

Home Design

  • Quadruplex
  • Permanent Foundation

Interior Spaces

  • 3,674 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 9 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking

Additional Features

  • 8,276 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $128,292

Community Details

Building Details

  • 4 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $2,560
  • Maintenance Expense $2,400
  • Other Expense $4,320
  • Utility Expense $8,280
  • Trash Expense $2,652
  • Operating Expense $43,652
  • Gross Income $129,972

Additional Features

  • Property has a Home Owners Association
  • Security Service

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3674
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3674
  • Stories: 2
  • Security: Security Service

Exterior Features

  • Foundation: Permanent

Garage/Parking

  • Parking Spaces: 9
  • Garage Parking Features: Carport, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 360
  • HOA Exist: Yes

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.39
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2560
  • Expense Landscape: 1440
  • Expense Maintenance: 2400
  • Expenses Other: 4320
  • Expenses Total: 43652
  • Expenses Utility: 8280
  • Expense Trash: 2652
  • Income Annual Gross: 129972.00
  • Income Annual Rental: 128292
  • Income Gross Scheduled: 129972
  • Income Includes: Laundry
  • Income Other: 1680
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
09/16/2024 09/16/24 Sold $1,953,000 -2.3% $532 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/04/2024 08/04/24 For Sale $1,999,999 0.0% $544 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $1,999,999 -4.8% $544 / Sq Ft
07/17/2024 07/17/24 For Sale $2,100,000 -- $572 / Sq Ft
Source: MLSListings

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 $22,469 $1,953,000 $1,603,000 $350,000
2024 $22,469 $1,617,280 $1,220,389 $396,891
2023 $21,990 $1,585,569 $1,196,460 $389,109
2022 $21,561 $1,554,480 $1,173,000 $381,480
2021 $8,863 $548,162 $167,977 $380,185
2020 $1,936 $542,542 $166,255 $376,287
2019 $1,888 $531,905 $162,996 $368,909
2018 $1,847 $521,476 $159,800 $361,676
2017 $1,819 $511,252 $156,667 $354,585
2016 $1,752 $501,229 $153,596 $347,633
2015 $1,674 $493,701 $151,289 $342,412
2014 $1,520 $484,031 $148,326 $335,705
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81973479

MLSListings

APN: 419-01-042

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