NOT LISTED FOR SALE
3 Beds
2 Baths
5,396 Sq Ft
27,499 Sq Ft Lot

Sale Details

Date Sold: April 22, 2019

Last sale price $575,000 $107 Per Sq Ft

77 Days on Market

Highlights

  • Traditional Architecture
  • Built-In Features
  • Dry Bar
  • No HOA
  • Living Room
  • Laundry Room

About This Home

As of April 2019

High return investment property - 7 unit complex ; 4 units are 2 bedroom/ 1 bathroom; 3 units are 1 bedroom/1 bathroom. All have detached garages, additional seven community parking spaces. Onsite laundry room with washer/dryer. Property professionally managed, low maintenance yard. Owner pays water for each unit; separate gas and electrical meters for tenants. Four of the units have been remodeled in the last 24 months with new appliances, carpet and vinyl flooring. All units currently leased.

Last Agent to Sell the Property

Jonathan Minerick

Homecoin.com License #01523060 Listed on: 12/28/2018

Last Buyer's Agent

Scott Cheramie

MERIDIAN PROPERTY GROUP License #01409016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 27,500 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Chain Link Fence
  • Landscaped

Parking

  • 7 Open Parking Spaces
  • 7 Car Garage
  • Parking Available
  • Single Garage Door
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,396 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Dry Bar
  • Living Room
  • Attic Fan

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441151040000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $720
  • Fuel Expense $200
  • Gardener Expense $1,400
  • Insurance Expense $1,800
  • Professional Management Expense $4,200
  • Trash Expense $1,200
  • Water Sewer Expense $3,900
  • Operating Expense $21,000
  • Gross Income $38,200
  • Net Operating Income $38,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.63 Acres

Parking

7

Listing Details

  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 3900.00
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 0441151040000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Interior Amenities: Attic Fan, Built-in Features, Dry Bar, Formica Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 106.56
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Unassigned
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: Common Area, Community, Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 27500.00
  • Lot Size Acres: 0.6313

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 635 Square Feet
  • Average2 Bed Area: 865 Square Feet
  • Electric Expense: 720.00
  • Fuel Expense: 200.00
  • Gross Income: 38200.00
  • Gross Scheduled Income: 59200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 27500.0000 Square Feet
  • Net Operating Income: 38200.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Operating Expense: 21000.00
  • Rent Control: No
  • Total Actual Rent: 4800.00
  • Total Expenses: 21000.00

Tax Info

  • Tax Census Tract: 97.16
  • Tax Lot: 38
  • Tax Tract Number: 4112
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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 Prior Sale
04/22/2019 04/22/19 Sold $575,000 -1.7% $107 / Sq Ft
03/09/2019 03/09/19 Price Changed $585,000 -6.4% $108 / Sq Ft
12/28/2018 12/28/18 For Sale $625,000 +88.0% $116 / Sq Ft
07/07/2014 07/07/14 Sold $332,500 -8.9% -- View Prior Sale
06/16/2014 06/16/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $365,000 +73.8% --
05/31/2012 05/31/12 Sold $210,000 -16.0% $39 / Sq Ft View Prior Sale
05/25/2012 05/25/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $249,900 -- $46 / 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 $8,398 $641,424 $66,931 $574,493
2024 $7,954 $628,847 $65,619 $563,228
2023 $7,876 $616,516 $64,332 $552,184
2022 $7,754 $604,428 $63,071 $541,357
2021 $7,579 $592,576 $61,834 $530,742
2020 $7,483 $586,500 $61,200 $525,300
2019 $4,955 $358,234 $64,644 $293,590
2018 $4,837 $351,209 $63,376 $287,833
2017 $4,766 $344,322 $62,133 $282,189
2016 $4,281 $337,571 $60,915 $276,656
2015 $3,956 $313,531 $15,676 $297,855
2014 $3,901 $307,389 $15,369 $292,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18297196

California Regional Multiple Listing Service (CRMLS)
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