NOT LISTED FOR SALE
2 Beds
1 Bath
3,722 Sq Ft
10,855 Sq Ft Lot

Last Sold April 17, 2018

Last sale price $1,036,000 $278 Per Sq Ft

40 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Tile Flooring

About This Home

As of April 2018

The Crestwood Lane Apartments are a well maintained, single story 4-plex apartment building sitting atop a large 10,855 square foot lot. All four units are 2 bedroom and 1 bathroom with private a patio. Three of the four apartment interiors have been extensively renovated with tile floors, new kitchen cabinets and counter tops, new bathroom vanities and tile shower surrounds. The subject property has been updated with many structural capital improvements including: a new roof, new vinyl windows and sliding glass doors throughout, a complete copper plumbing re-pipe, clean outs installed under each kitchen sink, and a sprinkler system. An onsite laundry room with owned machines brings in additional income every month. The building is separately metered for electric and tenants pay the trash.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 02/10/2018

Last Buyer's Agent

Jessie Zhou

JC Pacific Corp License #01901794

JC Pacific Corp

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 10,855 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Open Parking Space
  • 6 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3,722 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 41
  • Tax Tract Number 2222
  • Assessor Parcel Number 12855106

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Gardener Expense $900
  • Insurance Expense $1,800
  • Maintenance Expense $3,378
  • Water Sewer Expense $2,200
  • New Taxes Expense $11,495
  • Operating Expense $20,873
  • Gross Income $2,040
  • Net Operating Income $44,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 12855106
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 278.34
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10855.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1100.00
  • Gross Income: 2040.00
  • Gross Operating Income: 65533.00
  • Gross Scheduled Income: 67560.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 170.00
  • Maintenance Expense: 3378.00
  • Net Operating Income: 44660.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 20873.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Actual Rent: 5460.00
  • Total Expenses: 20873.00
  • Vacancy Allowance: 2026
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11495.00
  • Tax Census Tract: 876.02
  • Tax Lot: 41
  • Tax Tract Number: 2222

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 Change Sq Ft Price
04/17/2018 04/17/18 Sold $1,036,000 -0.9% $278 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $1,045,000 +46.2% $281 / Sq Ft
09/17/2013 09/17/13 Sold $715,000 -1.4% $192 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $725,000 -- $195 / 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: PW18037657

California Regional Multiple Listing Service (CRMLS)

APN: 128-551-06