NOT LISTED FOR SALE
4 Beds
2 Baths
9,570 Sq Ft
0.5 Acres

Last Sold November 19, 2014

Last sale price $1,838,000 $192 Per Sq Ft

86 Days on Market

About This Home

As of November 2014

Stable rental incomes with good cap rate! Rare to find 10 large size one-level two-bedroom one-bathroom single houses style detached units. Each unit has it's own side yard area. Large lot size: 21,878 sqft with great potential. Easy to rent and to maintain. Close to school and major streets(Peck Rd/Mountain View Rd). 10 carports and 7 parking spaces for 10 units. Most units have been remodeled and updated with granite counter top, laminated wood floor, and title floor recently. Tenants not aware of selling. Please do not walk on the property or talk to tenants. Property to be sold at "As Is" condition. Offer subject to Inspection! Drive by only. Don't miss this great opportunity. Submit all offers! Price to sell!!

Last Agent to Sell the Property

Jenny Wu

IDEAL REALTY License #01265839 Listed on: 06/25/2014

Last Buyer's Agent

Julia Tse

Elite Realty Group License #01118507

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 74 x 300
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 9,570 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6549
  • Assessor Parcel Number 8114008012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $2,400
  • Insurance Expense $3,000
  • Pest Control $960
  • Trash Expense $3,960
  • Water Sewer Expense $5,400
  • New Taxes Expense $20,680
  • Gross Income $11,350
  • Net Operating Income $120,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

10

Listing Details

  • CapRate: 5.30
  • Property Attached: No
  • Water Sewer Expenses: 5400.00
  • Zoning: EMR1B
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8114008012
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 192.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 960.00
  • Trash Expense: 3960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size: 74 X 300
  • Lot Size Sq Ft: 21878.00
  • Lot Size Acres: 0.5020

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 900
  • Electric Expense: 300.00
  • Gross Income: 11350.00
  • Gross Multiplier: 13.80
  • Gross Scheduled Income: 136200.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 21878.0000 Square Feet
  • Net Operating Income: 120200.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 16000.00
  • Rent Control: No
  • Total Actual Rent: 11350.00

Tax Info

  • New Taxes Expense: 20680.00
  • Tax Lot: 1
  • Tax Tract Number: 6549
  • 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 List to Sale Price per Sq Ft
11/19/2014 11/19/14 Sold $1,838,000 -5.6% $192 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $1,948,000 -- $204 / 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: WS14134206

California Regional Multiple Listing Service (CRMLS)