NOT LISTED FOR SALE
-- Bed
-- Bath
7,700 Sq Ft
1960 Built

Last Sold March 17, 2012

Last sale price $980,000 $127 Per Sq Ft

8 Days on Market

About This Home

As of March 2012

The subject property consists of two wood-frame and stucco buildings, containing a total of 12 one-bedroom, one-bath units. The total square footage is 7,656. In addition, each unit comes with an enclosed garage and there is ample street parking. A spacious lawn separates the two improvements. There are 12 separate electric meters and tenants are responsible for that expense. All numbers in this listing are pro-forma.

Last Agent to Sell the Property

Jeff Knowles

Douglas Elliman of California License #01357655 Listed on: 02/26/2012

Douglas Elliman of California

Last Buyer's Agent

Jeff Knowles

Douglas Elliman of California License #01357655 Listed on: 02/26/2012

Douglas Elliman of California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Parking

  • 12 Car Garage

Home Design

  • 7,700 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 111
  • Tax Tract Number 111
  • Assessor Parcel Number 12855205

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $9,900
  • Net Operating Income $71,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

12

Listing Details

  • Assessments: No
  • CapRate: 6.48
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 12855205
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 127.27

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 9900.00
  • Gross Multiplier: 9.26
  • Gross Scheduled Income: 118800.00
  • Net Operating Income: 71280.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 41580.00

Tax Info

  • Tax Lot: 111
  • Tax Tract Number: 111

Range of Values:

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List Price
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
03/17/2012 03/17/12 Sold $980,000 -10.9% $127 / Sq Ft
03/05/2012 03/05/12 Pending -- -- --
02/26/2012 02/26/12 For Sale $1,100,000 -- $143 / 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: S690069

California Regional Multiple Listing Service (CRMLS)