NOT LISTED FOR SALE
6 Beds
6 Baths
7,738 Sq Ft
1930 Built

Last Sold February 13, 2012

Last sale price $500,000 $65 Per Sq Ft

134 Days on Market

Highlights

  • Bungalow
  • Wood Siding
  • No Heating

About This Home

As of February 2012

Corner Location fronting on two streets. Front 4-plex facing 45th St with the other 6 unit building entering from Wall St. Property consists of 10 1 Bdrms/1 Bath, both buildings are 2 story, wood frame & stucco, built in 1930. The units are large, rents are low with good upside potential with vacancies.

Last Agent to Sell the Property

James Mann

Coldwell Banker Platinum Prop. License #00546945 Listed on: 07/20/2011

Coldwell Banker Platinum Prop.

Last Buyer's Agent

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Parking

  • Off-Site Parking

Home Design

  • 7,738 Sq Ft Home
  • Bungalow
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Tax Tract Number 14
  • Assessor Parcel Number 5109011015

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,000
  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • Other Expense $3,000
  • Pest Control $500
  • Supplies Expense $500
  • Trash Expense $1,500
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,500
  • Gross Income $5,783
  • Net Operating Income $48,761

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.29
  • Supplies Expense: 500.00
  • View: No
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5109011015
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 64.62

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Off Site

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 5783.00
  • Gross Multiplier: 7.05
  • Gross Scheduled Income: 74496.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 48761.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 23500.00
  • Other Expense: 3000.00
  • Other Expense Description: Misc

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 14
  • Tax Tract: Stewrt's Sub
  • Tax Tract Number: 14
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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
02/13/2012 02/13/12 Sold $500,000 -4.8% $65 / Sq Ft
12/01/2011 12/01/11 Pending -- -- --
07/20/2011 07/20/11 For Sale $525,000 -- $68 / 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 $12,109 $919,388 $367,754 $551,634
2024 $12,109 $901,362 $360,544 $540,818
2023 $11,895 $883,689 $353,475 $530,214
2022 $11,381 $866,363 $346,545 $519,818
2021 $11,207 $849,376 $339,750 $509,626
2019 $10,895 $824,185 $329,674 $494,511
2018 $10,777 $808,025 $323,210 $484,815
2017 $10,515 $792,182 $316,873 $475,309
2016 $10,205 $776,650 $310,660 $465,990
2015 $10,067 $764,985 $305,994 $458,991
2014 $10,161 $750,000 $300,000 $450,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P789908

California Regional Multiple Listing Service (CRMLS)