NOT LISTED FOR SALE

Estimated Value: $1,873,000 - $2,437,000

7 Beds
3 Baths
3,180 Sq Ft
$673/Sq Ft Est. Value

Last Sold December 16, 2013

Last sale price $1,050,000 $330 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $12,544/month

35 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 5 Car Garage
  • Lincoln Elementary School Rated A+
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of December 2013

3 UNIT BUILDING - One 3-bdrm/1-3/4 bath unit and two 2-bdrm/1-1/2 bath units.
Corner lot. Five garage spaces. Separate electric and gas meters. Appointment only. Subject to inspection.

Last Agent to Sell the Property

Adolph James

Beach City Brokers License #00389293 Listed on: 10/10/2013

Last Buyer's Agent

Jake Sheikh

Guardian Realty Group License #01501258

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,490 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • 3,180 Sq Ft Home
  • Traditional Architecture
  • Split Level Home
  • Property Attached
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Assessor Parcel Number 4150007014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,500
  • Maintenance Expense $10,000
  • Pest Control $680
  • Water Sewer Expense $1,260
  • New Taxes Expense $12,600
  • Gross Income $4,720
  • Net Operating Income $27,964

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 2.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1260.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4150007014
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 330.19

Exterior Features

  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Electric, Wall Furnace
  • Laundry Features: In Garage, Inside
  • Pest Control Expense: 680.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Lot 6500-9999, Level with Street, Paved
  • Lot Size Sq Ft: 7490.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4720.00
  • Gross Multiplier: 19.80
  • Gross Scheduled Income: 56640.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7490.0000 Square Feet
  • Maintenance Expense: 10000.00
  • Net Operating Income: 27964.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Operating Expense: 26976.00
  • Rent Control: No
  • Total Actual Rent: 4720.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12600.00
  • Tax Lot: 13
  • Tax Tract Number: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2013
Closed on
Nov 22, 2013
Sold by
The Reed Institute
Bought by
Abedin M Zainul
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Jake Sheikh
Guardian Realty Group
List Price
$1,120,000
Sold Price
$1,050,000
Premium/Discount to List
-$70,000
-6.25%
Current Estimated Value
$2,139,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,089,810
Avg. Annual Appreciation
6.08%

Purchase Details

Closed on
Oct 9, 2013
Sold by
Dee Diana
Bought by
The Reed Institute and Reed Dee Charitable Remainder Trust

Purchase Details

Closed on
May 30, 2002
Sold by
Dee Diana
Bought by
Dee Diana and Diana Dee Living Trust

Purchase Details

Closed on
Jan 17, 2002
Sold by
Dee Diana and Diana Dee Living Trust
Bought by
Dee Diana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Abedin M Zainul $1,050,000 Lawyers Title
The Reed Institute -- None Available
Dee Diana -- --
Dee Diana -- Southland Title Corporation
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2013 12/16/13 Sold $1,050,000 -6.3% $330 / Sq Ft
11/14/2013 11/14/13 Pending -- -- --
10/10/2013 10/10/13 For Sale $1,120,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $16,255 $1,287,147 $919,393 $367,754
2024 $16,255 $1,261,910 $901,366 $360,544
2023 $15,970 $1,237,168 $883,693 $353,475
2022 $15,634 $1,212,911 $866,366 $346,545
2021 $15,192 $1,189,129 $849,379 $339,750
2019 $14,779 $1,153,861 $824,187 $329,674
2018 $14,311 $1,131,237 $808,027 $323,210
2016 $13,844 $1,087,311 $776,651 $310,660
2015 $13,604 $1,070,979 $764,985 $305,994
2014 -- $1,050,000 $750,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13206885

California Regional Multiple Listing Service (CRMLS)

APN: 4150-007-014