NOT LISTED FOR SALE
4 Beds
6 Baths
5,112 Sq Ft
8,143 Sq Ft Lot

Sale Details

Date Sold: September 19, 2019

Last sale price $1,453,000 $284 Per Sq Ft

12 Days on Market

Highlights

  • Landscaped
  • 8 Car Garage
  • Laundry Facilities

About This Home

As of September 2019

Charming Spanish style 8-unit Apartment Building. Well-maintained building with long term tenants. 4-1 Bedroom Units & 4-Single Units. 8 single garages off alley, on-site laundry, individually metered units. Only one unit has been completely remodeled, see photos.

Last Agent to Sell the Property

Craig O'Rourke

Coldwell Banker Realty License #01133381 Listed on: 07/29/2019

Coldwell Banker Realty

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 8,143 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,112 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 17 / 4
  • Assessor Parcel Number 7209023019

Community Details

Overview

  • 8 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $489
  • Fuel Expense $1,645
  • Gardener Expense $1,200
  • Insurance Expense $2,074
  • Maintenance Expense $4,352
  • Professional Management Expense $2,640
  • Trash Expense $2,659
  • Water Sewer Expense $1,979
  • New Taxes Expense $16,187
  • Operating Expense $32,716
  • Gross Income $92,128
  • Net Operating Income $59,412

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

8,143 Sq Ft Lot

Parking

8

Listing Details

  • Professional Management Expense: 2640.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1979.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7209023019
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 284.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2659.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8143.00
  • Lot Size Acres: 0.1869

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 489.00
  • Fuel Expense: 1645.00
  • Gross Income: 92128.00
  • Gross Scheduled Income: 94020.00
  • Insurance Expense: 2074.00
  • Lot Size Area: 8143.0000 Square Feet
  • Maintenance Expense: 4352.00
  • Net Operating Income: 59412.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 32716.00
  • Rent Control: No
  • Total Expenses: 32716.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16187.00
  • Tax Block: 4
  • Tax Census Tract: 5730.04
  • Tax Lot: 17

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

Closed on
Jan 10, 2022
Sold by
1924 Cedar Llc
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
$1,470,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2019
Closed on
Sep 4, 2019
Sold by
Rourke Tim P O and The Tim O Rourke Trust
Bought by
1924 Cedar Llc
Seller's Agent
Craig O'Rourke
Coldwell Banker Realty
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,295,000
Sold Price
$1,453,000
Premium/Discount to List
$158,000
12.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,017,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 2017
Sold by
Rourke Tim O
Bought by
Rourke Tim P O and Tim O Rourke Trust

Purchase Details

Closed on
Jul 9, 2002
Sold by
Angulo Luciano Manuel and Angulo Elizabeth Ann
Bought by
Orourke Tim

Purchase Details

Closed on
Feb 27, 2001
Sold by
Angulo Manuel and Angulo Elizabeth
Bought by
The Luciano Manuel & Elizabeth Ann Angul

Purchase Details

Closed on
Jan 26, 1999
Sold by
Norwest Mtg Inc
Bought by
Angulo Manuel and Angulo Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,650
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1998
Sold by
Morena Eduardo and Morena Leila
Bought by
Norwest Mtg Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,650
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1997
Sold by
Patel Dashrem
Bought by
Morena Eduardo and Morena Leila

Purchase Details

Closed on
Mar 18, 1997
Sold by
Cedar Apartments Llc
Bought by
Patel Dashrem

Purchase Details

Closed on
Mar 20, 1995
Sold by
Ertzman Patricia E and Ertzman T
Bought by
Cedar Apartments Llc

Purchase Details

Closed on
Mar 1, 1995
Sold by
Griffin Lawrence P
Bought by
Beall Betty M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Chicago Title
1924 Cedar Llc $1,453,000 Equity Title Los Angeles
Rourke Tim P O -- None Available
Orourke Tim $360,000 Gateway Title
The Luciano Manuel & Elizabeth Ann Angul -- --
Angulo Manuel $186,500 First American Title Co
Norwest Mtg Inc $289,258 Benefit Land Title Ins Co
Morena Eduardo $270,000 Fidelity National Title
Patel Dashrem $160,000 Fidelity National Title Ins
Cedar Apartments Llc $200,000 Continental Lawyers Title Co
Beall Betty M -- Continenta Lawyers Title Co
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
Previous Owner $1,470,000
Previous Owner 1924 Cedar Llc $1,312,000
Previous Owner 1924 Cedar Llc $1,017,000
Previous Owner 1924 Cedar Llc $145,300
Previous Owner Angulo Manuel $77,945
Previous Owner Angulo Manuel $139,650
Previous Owner Morena Eduardo $150,000
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
09/19/2019 09/19/19 Sold $1,453,000 +12.2% $284 / Sq Ft
07/29/2019 07/29/19 For Sale $1,295,000 -- $253 / 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
2026 $21,847 $1,620,844 $669,309 $951,535
2025 $21,847 $1,589,064 $656,186 $932,878
2024 $20,918 $1,557,907 $643,320 $914,587
2023 $23,383 $1,754,400 $836,400 $918,000
2022 $19,310 $1,497,413 $618,340 $879,073
2021 $18,908 $1,468,053 $606,216 $861,837
2019 $7,058 $468,394 $233,697 $234,697
2018 $6,766 $459,230 $229,115 $230,115
2017 $6,693 $449,246 $224,623 $224,623
2016 $6,220 $440,438 $220,219 $220,219
2015 $5,994 $433,824 $216,912 $216,912
2014 $5,996 $425,326 $212,663 $212,663
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19180296

California Regional Multiple Listing Service (CRMLS)
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