NOT LISTED FOR SALE
8 Beds
6 Baths
4,668 Sq Ft
4,700 Sq Ft Lot

Last Sold July 31, 2014

Last sale price $815,000 $175 Per Sq Ft

113 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • West Facing Home
  • Wood Flooring
  • Laundry Room

About This Home

As of July 2014

Have you been looking to enlarge your Real Estate investment portfolio? 2066 Cedar Street could be the cash cow that you have been looking for – especially considering the significant upside income potential! Situated in very desirable rental area within the Wrigley historic neighborhood, this well landscaped six unit apartment building is well maintained & fully occupied waiting for its new owner! Composed of four one bedroom, one bath units & two expansive two bedroom, one bath units, this building has an easily rentable mix. The updated units feature large integrated living & dining rooms unified by gleaming hardwood flooring throughout. Within the updated units, the kitchens are upgraded with granite counters, plentiful warm wooden cabinetry, stainless steel appliances, convenient pantries, & generous easy to maintain tile flooring. A hallmark of the building is the large, light filled bedrooms & bright bathrooms, some complete with separate vanity areas. With four separate one car garages & plentiful street parking, tenant’s parking needs are met. The on-site laundry room has the capacity to generate even more income. Additionally, each of the spacious units are separately metered for electric & gas. Make this apartment building yours today!

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 06/09/2014

eXp Realty of California Inc

Co-Listed By

Torey Carrick

eXp Realty of California Inc License #01878468

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 4,700 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,668 Sq Ft Home
  • Contemporary Architecture
  • Property Attached

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5161
  • Assessor Parcel Number 7209024004

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $480
  • Insurance Expense $2,452
  • Trash Expense $948
  • Water Sewer Expense $1,896
  • New Taxes Expense $8,024
  • Gross Income $5,725
  • Net Operating Income $54,552

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1896.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7209024004
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 174.59

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 948.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4700.00
  • Lot Size Acres: 0.1080

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 5725.00
  • Gross Scheduled Income: 69300.00
  • Insurance Expense: 2452.00
  • Lot Size Area: 4700.0000 Square Feet
  • Net Operating Income: 54552.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 14748.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8024.00
  • Tax Lot: 5
  • Tax Tract Number: 5161
  • Tax Year: 2012

Range of Values:

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Sold Price
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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 Change Sq Ft Price
07/31/2014 07/31/14 Sold $815,000 -1.8% $175 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
02/13/2014 02/13/14 For Sale $829,900 -- $178 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14031189

California Regional Multiple Listing Service (CRMLS)