NOT LISTED FOR SALE
10 Beds
10 Baths
5,310 Sq Ft
7,503 Sq Ft Lot

Last Sold September 30, 2015

Last sale price $1,225,000 $231 Per Sq Ft

154 Days on Market

About This Home

As of September 2015

Great Investment Opportunity! 11 units built in 1959, the building has been updated with copper plumbing and newer windows. The unit mix is 10- 1bedroom/1bath and 1- 4 bed/2 bath. 8 parking spaces in parking lot behind the building which can be rented for additional monthly income! Individually metered for gas, electricity AND water which helps keep cost down! Don't miss this great investment opportunity!
112/DOOR

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 08/05/2015

Last Buyer's Agent

Mark Murphy

Real Estate Ebroker Inc License #01332517

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,503 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 8 Parking Spaces

Home Design

  • 5,310 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5
  • Assessor Parcel Number 7269037004

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $410
  • Gardener Expense $1,000
  • Insurance Expense $1,888
  • Maintenance Expense $3,389
  • Trash Expense $1,318
  • Water Sewer Expense $3,000
  • Gross Income $9,525
  • Net Operating Income $74,295

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7269037004
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 230.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1318.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7503.00
  • Price Per Lot Square Foot: 163.27
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 410.00
  • Gross Income: 9525.00
  • Gross Multiplier: 11.10
  • Gross Scheduled Income: 114300.00
  • Insurance Expense: 1888.00
  • Lot Size Area: 7503.0000 Square Feet
  • Maintenance Expense: 3389.00
  • Net Operating Income: 74295.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Operating Expense: 40005.00
  • Rent Control: No
  • Total Actual Rent: 9525.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 5
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $1,225,000 -3.2% $231 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $1,265,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $19,596 $1,450,146 $473,516 $976,630
2024 $19,596 $1,421,713 $464,232 $957,481
2023 $19,248 $1,393,837 $455,130 $938,707
2022 $18,088 $1,366,507 $446,206 $920,301
2021 $17,696 $1,339,713 $437,457 $902,256
2019 $17,443 $1,301,459 $424,483 $876,976
2018 $16,947 $1,275,970 $416,160 $859,810
2016 $15,605 $1,225,000 $400,000 $825,000
2015 $12,108 $950,000 $615,300 $334,700
2014 $11,488 $880,000 $570,000 $310,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15048030

California Regional Multiple Listing Service (CRMLS)