NOT LISTED FOR SALE
18 Beds
10 Baths
15,000 Sq Ft
0.34 Acres Lot

Sale Details

Date Sold: August 8, 2017

Last sale price $590,000 $39 Per Sq Ft

291 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • Dual Staircase
  • 15,002 Sq Ft lot
  • Bluff View
  • Fireplace in Primary Bedroom

About This Home

As of August 2017

Investment property , Positive Cash Flow

Last Agent to Sell the Property

Juan Cacho

Elite Realty License #01015808 Listed on: 09/20/2016

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 15,002 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Masonry wall
  • Privacy Fence
  • Brick Fence
  • Stucco Fence
  • Fence is in good condition
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Fiberglass Roof
  • Plaster
  • Stucco

Interior Spaces

  • 15,000 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Electric Fireplace
  • Gas Fireplace
  • Blinds
  • Casement Windows
  • Panel Doors
  • Formal Entry
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Bluff Views

Kitchen

  • Built-In Range
  • Laminate Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available
  • TV Antenna

Additional Features

  • Accessible Parking
  • Balcony
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 0013
  • Assessor Parcel Number 031153015000

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $1,720
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,011
  • Operating Expense $26,004
  • Gross Income $64,800
  • Net Operating Income $47,328

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.34 Acres

Parking

12

Listing Details

  • Assessments: No
  • CapRate: 10.30
  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: C-C
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 031153015000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Laminate Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Dining Room, Family Room, Kitchen, Master Bedroom, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 39.33
  • Room Type: All Bedrooms Down, All Bedrooms Up, Family Room, Formal Entry
  • Window Features: Blinds, Casement Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: TV Antenna
  • View: Bluff
  • Fence: Yes
  • Fencing: Brick, Good Condition, Masonry, Privacy, Stucco Wall
  • Pool Private: No
  • Roof: Composition, Fiberglass, Flat
  • Spa: No
  • Construction Materials: Drywall Walls, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In Range, Electric Range, Electric Cooktop, Disposal, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 15002.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 540 Square Feet
  • Average2 Bed Area: 792 Square Feet
  • Average Studio Area: 600 Square Feet
  • Electric Expense: 1720.00
  • Gross Income: 64800.00
  • Gross Scheduled Income: 74400.00
  • Net Operating Income: 47328.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Dishwasher: 12
  • Number With Disposal: 12
  • Number With Drapes: 12
  • Number With Patio: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 12.00
  • Total Expenses: 26004.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7011.00
  • Tax Census Tract: 13.02
  • Tax Lot: 0013
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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
08/08/2017 08/08/17 Sold $590,000 -13.2% $39 / Sq Ft
09/20/2016 09/20/16 For Sale $680,000 -- $45 / 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 $7,262 $670,735 $85,335 $585,400
2024 $7,262 $657,666 $83,662 $574,004
2023 $7,165 $644,854 $82,022 $562,832
2022 $7,076 $632,293 $80,414 $551,879
2021 $7,062 $619,979 $78,838 $541,141
2020 $7,117 $613,666 $78,030 $535,636
2019 $7,016 $601,716 $76,500 $525,216
2018 $6,421 $590,000 $75,000 $515,000
2017 $7,074 $616,000 $60,000 $556,000
2016 $6,323 $556,000 $45,000 $511,000
2015 $6,261 $541,100 $40,000 $501,100
2014 $5,024 $431,100 $30,000 $401,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC16707497

California Regional Multiple Listing Service (CRMLS)

APN: 031-153-015

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