NOT LISTED FOR SALE
9 Beds
8 Baths
4,284 Sq Ft
7,346 Sq Ft Lot

Last Sold October 09, 2020

Last sale price $1,550,000 $362 Per Sq Ft

211 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Laundry Room
  • Troy High School Rated A+
  • Spanish Architecture

About This Home

As of October 2020

Super sharp Covington style 4-plex apartment building. Excellent neighborhood and premium rental area. Remodeled, new kitchen and bathroom cabinets, granite counter tops, tile and wood floors throughout, red tile roof. Located in the TROY High School area, a few blocks from Cal State University with 33,000 students, and Optometry School. All units have private garages, six car garage total. Unit C has a 2 car attached garage with direct access. The front unit A (HUD Tenant) is 3 br & 2 bath & 2 car garage, one story. Units B & C are town home style with 2 br & 2 bath. Unit D has 2 br & 2 bath above the garages. Each unit has an individual water heater. 100% leased. Unit C has its own washer and dryer hookups. Drive by only, please do not disturb tenants, must see to appreciate. The property is sold AS IS Condition. Quick Escrow is preferred.

Last Agent to Sell the Property

Minh Tran

Minh Tran, Broker License #01483565 Listed on: 02/10/2020

Last Buyer's Agent

Jenny Smith

Cal American Homes License #01830635

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,346 Sq Ft Lot
  • Lot Dimensions are 72x102
  • No Units Above
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 4,284 Sq Ft Home
  • Spanish Architecture
  • Property Attached
  • Brick Exterior Construction
  • Spanish Tile Roof
  • Clay Roof
  • Stucco

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Exterior Lighting
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 4
  • Tax Tract Number 4759
  • Assessor Parcel Number 33709203

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $648
  • Gardener Expense $600
  • Insurance Expense $1,702
  • Trash Expense $504
  • Water Sewer Expense $2,436
  • New Taxes Expense $16,500
  • Gross Income $8,717
  • Net Operating Income $91,920

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: 714-353-3870
  • Other Phone Number: 714-353-3870
  • Property Attached: Yes
  • Subdivision Name Other: Fullerton Heights (FULH)
  • Water Sewer Expenses: 2436.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 33709203
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 361.81

Exterior Features

  • Pool Private: No
  • Roof: Clay, Spanish Tile
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Water Heater
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 504.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size: 72x102
  • Lot Size Sq Ft: 7346.00
  • Lot Size Acres: 0.1686

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 648.00
  • Gross Income: 8717.00
  • Gross Scheduled Income: 104604.00
  • Insurance Expense: 1702.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 50.00
  • Lot Size Area: 7346.0000 Square Feet
  • Net Operating Income: 91920.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Operating Expense: 12684.00
  • Rent Control: No
  • Total Actual Rent: 7825.00

Tax Info

  • New Taxes Expense: 16500.00
  • Tax Area: 03066
  • Tax Lot: 4
  • Tax Tract: Covington
  • Tax Tract Number: 4759

Range of Values:

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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
10/09/2020 10/09/20 Sold $1,550,000 0.0% $362 / Sq Ft
08/10/2020 08/10/20 Price Changed $1,550,000 +0.6% $362 / Sq Ft
08/01/2020 08/01/20 Price Changed $1,540,000 -0.6% $359 / Sq Ft
05/20/2020 05/20/20 Price Changed $1,550,000 +3.3% $362 / Sq Ft
05/20/2020 05/20/20 Price Changed $1,500,000 -9.1% $350 / Sq Ft
02/10/2020 02/10/20 For Sale $1,650,000 -- $385 / 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: PW20029405

California Regional Multiple Listing Service (CRMLS)

APN: 337-092-03