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

Sale Details

Date 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

7,796 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2015
Closed on
Mar 9, 2015
Sold by
Bought by
Seller's Agent
James Dillinger Grant
RE/MAX Estate Properties
Buyer's Agent
James Dillinger Grant
RE/MAX Estate Properties
List Price
$1,179,000
Sold Price
$1,136,500
Premium/Discount to List
-$42,500
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
0.0375%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 29, 2012
Closed on
Oct 17, 2012
Sold by
Bought by
Seller's Agent
Susan Doan
Burton S. Young, Broker
Buyer's Agent
Susan Doan
Burton S. Young, Broker
List Price
$950,000
Sold Price
$830,000
Premium/Discount to List
-$120,000
-12.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.69%
Original Mortgage
$500,000
Interest Rate
0.035%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 22, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0577%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0577%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$1,136,500 Progressive
$830,000 Fidelity National Title Co
-- --
-- Stewart Title
$531,000 Stewart Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,785,000
Closed $1,035,000
Previous Owner $830,000
Previous Owner $500,000
Previous Owner $200,000
Previous Owner $200,000
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 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

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 $19,177 $1,365,895 $480,737 $885,158
2024 $18,312 $1,339,113 $471,311 $867,802
2023 $17,997 $1,312,857 $462,070 $850,787
2022 $16,916 $1,287,115 $453,010 $834,105
2021 $16,547 $1,261,878 $444,128 $817,750
2019 $16,311 $1,225,692 $430,956 $794,736
2018 $15,813 $1,201,684 $422,506 $779,178
2016 $14,534 $1,153,831 $406,100 $747,731
2015 $10,746 $850,425 $358,613 $491,812
2014 -- $833,768 $351,589 $482,179
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)
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