NOT LISTED FOR SALE
14 Beds
8 Baths
6,586 Sq Ft
7,796 Sq Ft Lot

Last Sold April 30, 2015

Last sale price $1,136,500 $173 Per Sq Ft

129 Days on Market

About This Home

As of April 2015

Beautiful Spanish style 8 Unit Apartment Building located in wonderful Wrigley Area.
Bread and butter units well maintained by professional management company. Good Unit Mix on a Corner Lot: 2-3Bedroom, 2-2Bedroom & 4-1Bedroom Units. 7-Garages and plenty of off street parking.
Close to schools, shopping, 710 Freeway and Metro-Link. Units are separately metered for gas and electric.

Last Agent to Sell the Property

James Dillinger Grant

RE/MAX Estate Properties License #01451428 Listed on: 01/26/2015

Co-Listed By

Craig O'Rourke

Coldwell Banker Realty License #01133381

Last Buyer's Agent

James Grant

Sterling Royal Real Estate License #01982605

Sterling Royal Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 7,796 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Corner Lot

Parking

  • 7 Car Garage

Home Design

  • 6,586 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 5730
  • Assessor Parcel Number 7209026027

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $390
  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Professional Management Expense $4,650
  • Trash Expense $1,530
  • Water Sewer Expense $2,850
  • New Taxes Expense $14,737
  • Gross Income $8,240
  • Net Operating Income $63,876

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

7

Listing Details

  • CapRate: 5.42
  • Professional Management Expense: 4650.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 2850.00
  • Property Type: Residential Income
  • Parcel Number: 7209026027
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 172.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Trash Expense: 1530.00

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7796.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 390.00
  • Gross Income: 8240.00
  • Gross Multiplier: 11.92
  • Gross Scheduled Income: 98880.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7796.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 63876.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 30060.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14737.00
  • Tax Lot: 23
  • Tax Tract Number: 5730

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 Prior Sale
04/30/2015 04/30/15 Sold $1,136,500 -3.6% $173 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
10/20/2014 10/20/14 For Sale $1,179,000 +42.0% $179 / Sq Ft
11/15/2012 11/15/12 Sold $830,000 -12.6% $126 / Sq Ft View Prior Sale
10/01/2012 10/01/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $950,000 +5.6% $144 / Sq Ft
03/15/2012 03/15/12 Sold $900,000 -5.3% $137 / Sq Ft View Prior Sale
12/24/2011 12/24/11 Pending -- -- --
04/12/2011 04/12/11 For Sale $950,000 -- $144 / 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: SB14225942

California Regional Multiple Listing Service (CRMLS)