NOT LISTED FOR SALE
3 Beds
3 Baths
7,828 Sq Ft
17,171 Sq Ft

Last Sold April 28, 2020

Last sale price $2,450,000 $313 Per Sq Ft

12 Days on Market

Highlights

  • 0.39 Acre Lot
  • Living Room
  • Laundry Room
  • Cooling System Mounted To A Wall/Window
  • Park
  • Forced Air Heating System

About This Home

As of April 2020

-Desirable Mix of Studio, 1BR & 2 BR Units
-Substantial Rental Upside
-Garages & Open Parking
-Desirable Low-Density Layout
-Over $85,000 in Recent Improvements, Including New Roofs
-Washer/Dryer Hookups (In Some Units)

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/18/2020

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre
  • 7126-011-025, 7126-011-026

Parking

  • 13 Car Garage
  • 4 Open Parking Spaces
  • On-Street Parking

Home Design

  • Apartment

Interior Spaces

  • 7,828 Sq Ft Home
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 33 / 22
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126011021

Community Details

Overview

  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,924
  • Gardener Expense $3,600
  • Insurance Expense $2,348
  • Maintenance Expense $12,944
  • Other Expense $2,159
  • Pest Control $1,200
  • Professional Management Expense $4,800
  • Supplies Expense $750
  • Trash Expense $1,924
  • Water Sewer Expense $1,924
  • New Taxes Expense $28,978
  • Operating Expense $62,553
  • Gross Income $184,920
  • Net Operating Income $116,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0.39 Acres

Parking

13

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Subdivision Name Other: De Forest
  • Supplies Expense: 750.00
  • Water Sewer Expenses: 1924.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 7126011021
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 312.98
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Parking Features: Garage, Street, Uncovered
  • Total Parking Spaces: 17.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 1924.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7126-011-025, 7126-011-026
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17172.00
  • Lot Size Acres: 0.3942

Multi Family

  • Average1 Bed Area: 562 Square Feet
  • Average2 Bed Area: 810 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 1924.00
  • Gross Income: 184920.00
  • Gross Multiplier: 12.95
  • Gross Operating Income: 179372.00
  • Gross Scheduled Income: 184920.00
  • Gross Spendable Income: 57448.00
  • Insurance Expense: 2348.00
  • Laundry Income: 1500.00
  • Lot Size Area: 17172.0000 Square Feet
  • Maintenance Expense: 12944.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 116820.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 62553.00
  • Operating Expense Percent: 33.80
  • Other Expense: 2159.00
  • Other Expense Description: Assess.
  • Rent Control: No
  • Total Expenses: 62553.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28978.00
  • Tax Block: 22
  • Tax Census Tract: 5703.03
  • Tax Lot: 33
  • Tax Tract Number: 5992
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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
04/28/2020 04/28/20 Sold $2,450,000 +2.3% $313 / Sq Ft
03/01/2020 03/01/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $2,395,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $23,159 $1,715,652 $524,978 $1,190,674
2024 $22,158 $1,682,013 $514,685 $1,167,328
2023 $21,784 $1,649,034 $504,594 $1,144,440
2022 $20,452 $1,616,700 $494,700 $1,122,000
2021 $19,450 $1,535,747 $348,574 $1,187,173
2020 $6,119 $414,287 $185,721 $228,566
2019 $6,050 $406,177 $182,080 $224,097
2018 $5,793 $398,225 $178,510 $219,715
2016 $5,317 $382,186 $171,579 $210,607
2015 $5,122 $376,446 $169,002 $207,444
2014 $5,119 $369,073 $165,692 $203,381
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20035737

California Regional Multiple Listing Service (CRMLS)
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