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

Sale Details

Date 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

  • 13,504 Sq Ft 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

0.31 Acres

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

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
Aug 20, 2021
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
$900,000
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2015
Sold by
Bought by

Purchase Details

Listed on
Jun 8, 2013
Closed on
Oct 18, 2013
Sold by
Bought by
Seller's Agent
James Ferryman
Howard James Company
Buyer's Agent
Albert Hanna
Alt Financial Network Inc
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0449%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2013
Closed on
Sep 20, 2013
Sold by
Bought by
Seller's Agent
James Ferryman
Howard James Company
Buyer's Agent
Albert Hanna
Alt Financial Network Inc
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0449%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2006
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
$417,000
Interest Rate
0.0584%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 27, 2001
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
$252,000
Interest Rate
0.0668%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2000
Sold by
Bought by
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
-- Lawyers Title Company
-- Accommodation
-- None Available
-- None Available
$1,000,000 First American Title
-- Stewart Title Irvine
-- First American 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
Closed $900,000
Closed $750,000
Closed $417,000
Closed $252,000
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
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

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 $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

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