NOT LISTED FOR SALE
9 Beds
8 Baths
3,956 Sq Ft
0.31 Acres

Last Sold October 15, 2013

Last sale price $1,000,000 $253 Per Sq Ft

100 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Cathedral Ceiling
  • Living Room Balcony
  • Contemporary Architecture
  • No HOA
  • Laundry Room

About This Home

As of October 2013

Good westside property. 3 bedroom house on front of lot with newer triplex on back of the lot. Raise the rent on three of the units and pick up an additional $1,330 per month which will get them to market rents.

Last Agent to Sell the Property

James Ferryman

Howard James Company License #00573968 Listed on: 06/08/2013

Last Buyer's Agent

Albert Hanna

Alt Financial Network Inc License #00926155

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot
  • Property Fronts a Bay or Harbor
  • 1 Common Wall
  • East Facing Home
  • Wood Fence
  • Fence is in average condition
  • Landscaped
  • Irregular Lot
  • Back Yard
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Bungalow
  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Fiberglass Siding
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,956 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 23
  • Tax Tract Number 247
  • Assessor Parcel Number 42213520

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $360
  • Gardener Expense $360
  • Insurance Expense $2,300
  • Maintenance Expense $2,100
  • Professional Management Expense $2,673
  • Supplies Expense $250
  • Trash Expense $1,500
  • Water Sewer Expense $900
  • New Taxes Expense $13,750
  • Gross Income $44,188
  • Net Operating Income $41,311

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.60
  • Inclusions: Everthing that is attached.
  • Professional Management Expense: 2673.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Mesa West (MWST)
  • Supplies Expense: 250.00
  • Water Sewer Expenses: 900.00
  • Well Report: No
  • Zoning: r-2
  • Architectural Style: Bungalow, Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 42213520
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Formica Counters, High Ceilings, Living Room Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 252.78
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete, Drywall Walls, Fiberglass Siding, Frame, Glass

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Assessments
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, 6-10 Units/Acre, Landscaped, Irregular Lot, Lot 10000-19999 Sqft
  • Lot Size: 13,524
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1200
  • Electric Expense: 360.00
  • Gross Income: 44188.00
  • Gross Multiplier: 26.00
  • Gross Scheduled Income: 66840.00
  • Gross Spendable Income: 41611.00
  • Insurance Expense: 2300.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 13504.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 41311.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 3
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 24193.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 5570.00
  • Vacancy Allowance Rate: 2.00
  • Waterfront Features: Bay Front

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Area: 15006
  • Taxes Percent: 1.25
  • Tax Lot: 23
  • Tax Tract Number: 247
  • Tax Year: 2012

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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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
10/15/2013 10/15/13 Sold $1,000,000 -13.0% $253 / Sq Ft
09/16/2013 09/16/13 Pending -- -- --
06/08/2013 06/08/13 For Sale $1,150,000 -- $291 / 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
2025 $16,250 $1,225,859 $962,338 $263,521
2024 $16,250 $1,201,823 $943,469 $258,354
2023 $15,560 $1,178,258 $924,969 $253,289
2022 $14,801 $1,155,155 $906,832 $248,323
2021 $14,153 $1,132,505 $889,051 $243,454
2020 $13,960 $1,120,893 $879,935 $240,958
2019 $13,649 $1,098,915 $862,681 $236,234
2018 $13,370 $1,077,368 $845,766 $231,602
2017 $13,157 $1,056,244 $829,183 $227,061
2016 $12,890 $1,035,534 $812,925 $222,609
2015 $12,769 $1,019,980 $800,714 $219,266
2014 $12,493 $1,000,000 $785,029 $214,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13108927

California Regional Multiple Listing Service (CRMLS)

APN: 422-135-20