NOT LISTED FOR SALE

Estimated Value: $2,214,000 - $3,281,000

9 Beds
4 Baths
4,917 Sq Ft
$567/Sq Ft Est. Value

Last Sold January 22, 2016

Last sale price $1,800,000 $366 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $17,624/month

72 Days on Market

Highlights

  • No Units Above
  • City Lights View
  • Wood Flooring
  • Birney Elementary School Rated A+
  • Dual Staircase
  • 3-minute walk to Beverly Parkette

About This Home

As of January 2016

LARGE 4-UNIT with Owner's Unit. City lights view from roof-top decks. Owner's unit has 3 bedrooms, one 1/2 bath downstairs, one full bath and two 1/4 baths upstairs, and its own laundry hook-ups. The 2nd and 3rd units each have two bedrooms, one full bath and one 1/2 bath. The 4th unit has 2 bedrooms, one full bath, and one 1/4 bath. All units have electric heat and each unit has its own electric meter. All units have carpet, drapes, natural wood cabinets, dishwasher & roof-top decks. There is an outside laundry area. The roof is 4 years old (per owner). There are 6 garage parking spaces (two double & two single garages). Gross annual income: $88,200 ($7,350/month). CAP: 3.4. GM: 20.89

Last Agent to Sell the Property

Adolph James

Beach City Brokers License #00389293 Listed on: 10/26/2015

Last Buyer's Agent

Janet Kaplan

Keller Williams Beach Cities License #01859254

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,362

Year Built

  • Built in 1972

Lot Details

  • 7,499 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 6 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Workshop in Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Property Attached
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Bitumen Roof
  • Clay Roof
  • Vinyl Siding
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Asphalt
  • Plaster
  • Stucco

Interior Spaces

  • 4,917 Sq Ft Home
  • Dual Staircase
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Window Screens
  • Insulated Doors
  • Separate Family Room
  • Living Room
  • Storage
  • City Lights Views

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Water Line To Refrigerator
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Central Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 10 / 74
  • Assessor Parcel Number 4156028010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $504
  • Gardener Expense $480
  • Insurance Expense $1,392
  • Maintenance Expense $13,440
  • Trash Expense $924
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,184
  • Gross Income $7,380
  • Net Operating Income $63,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,362

Year Built

Built in 1972

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 3.40
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 4156028010
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Ceramic Counters, Ceiling Fan(s), Copper Plumbing Full, High Ceilings, Intercom, Storage, Unfurnished
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Fireplace Features: Electric
  • Levels: Two
  • Price Per Square Foot: 366.08
  • Room Type: Family Room, Living Room, Master Bedroom, Walk-In Closet, Separate Family Room
  • Window Features: Screens

Exterior Features

  • Foundation: Slab, Concrete Perimeter
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • View: City Lights
  • Fencing: Wood
  • Pool Private: No
  • Roof: Bitumen, Clay, Flat, Rolled/Hot Mop, Shingle
  • Spa: No
  • Construction Materials: Asphalt, Concrete, Drywall Walls, Frame, Plaster, Stucco, Vinyl Siding

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage, Garage Door Opener, Built-In Storage, Workshop in Garage
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Disposal, Gas Water Heater, Self Cleaning Oven, Vented Exhaust Fan, Water Heater Central, Water Line to Refrigerator
  • Heating Type: Electric, Wall Furnace
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Individual Room, Outside, Washer Hookup, Washer Included
  • Trash Expense: 924.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Sprinklers In Front, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 7499.00
  • Price Per Lot Square Foot: 240.03
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 504.00
  • Gross Income: 7380.00
  • Gross Multiplier: 20.89
  • Gross Scheduled Income: 88560.00
  • Insurance Expense: 1392.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 13440.00
  • Net Operating Income: 63624.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 24936.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Actual Rent: 7350.00

Tax Info

  • New Taxes Expense: 5184.00
  • Tax Block: 74
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2025
Sold by
Phelan Sharon C
Bought by
Sharon C Phelan Family Trust and Phelan
Total Days on Market
72
Current Estimated Value
$2,788,646

Purchase Details

Closed on
Jul 3, 2024
Sold by
Phelan Donna M
Bought by
Donna M Phelen Trust and Phelan

Purchase Details

Closed on
Mar 26, 2021
Sold by
Phelan Donna M and Phelan Sharon C
Bought by
Phelan Donna M and Phelan Sharon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,003,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jan 8, 2016
Sold by
North Industries Llc
Bought by
Phelan Donna M and Rosenberg Sharon C
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Janet Kaplan
Keller Williams Beach Cities
List Price
$1,850,000
Sold Price
$1,800,000
Premium/Discount to List
-$50,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$1,110,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jan 6, 2016
Sold by
Rosenberg Barnett
Bought by
Rosenberg Sharon C
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Janet Kaplan
Keller Williams Beach Cities
List Price
$1,850,000
Sold Price
$1,800,000
Premium/Discount to List
-$50,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,110,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 1999
Sold by
Awdeychuk Family Trust Awdeychuk Victor And N
Bought by
North Industries Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sharon C Phelan Family Trust -- --
Donna M Phelen Trust -- None Listed On Document
Phelan Donna M -- Premium Title Of Ca Inc
Phelan Donna M $1,800,000 Lawyers Title
Rosenberg Sharon C -- None Available
North Industries Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phelan Donna M $1,003,000
Previous Owner Phelan Donna M $180,000
Previous Owner Phelan Donna M $1,110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2016 01/22/16 Sold $1,800,000 -2.7% $366 / Sq Ft
11/25/2015 11/25/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $1,850,000 -- $376 / 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
2024 $24,362 $2,089,050 $1,160,583 $928,467
2023 $23,913 $2,048,089 $1,137,827 $910,262
2022 $23,591 $2,007,931 $1,115,517 $892,414
2021 $23,024 $1,968,561 $1,093,645 $874,916
2020 $23,055 $1,948,377 $1,082,432 $865,945
2019 $22,581 $1,910,174 $1,061,208 $848,966
2018 $21,957 $1,872,720 $1,040,400 $832,320
2016 $5,311 $366,288 $114,539 $251,749
2015 $5,221 $360,787 $112,819 $247,968
2014 $5,181 $353,721 $110,610 $243,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15203087

California Regional Multiple Listing Service (CRMLS)

APN: 4156-028-010