NOT LISTED FOR SALE
1 Bed
2 Baths
4,840 Sq Ft
6,485 Sq Ft Lot

Last Sold July 18, 2024

Last sale price $1,712,500 $354 Per Sq Ft

22 Days on Market

Highlights

  • 0.15 Acre Lot
  • Property is near public transit
  • Spanish Architecture
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2024

First time for sale in 35 years. 8 Unit Apt. Bldg.This is a fixer with value-add opportunity. This owner owns several other buildings that we can package or sold separately, call for the portfolio list. See attached rent roll in supplements.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 06/04/2024

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,485 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Property fronts an alley
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

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

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 4,840 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 7263005019
  • $1,386 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units
  • Belmont Heights Subdivision

Recreation

  • Dog Park

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,250
  • Insurance Expense $4,069
  • Other Expense $7,781
  • Pest Control $604
  • Supplies Expense $2,140
  • Operating Expense $56,742
  • Gross Income $158,100
  • Net Operating Income $96,615

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,485 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • Supplies Expense: 2140.00
  • Zoning: LBR1N
  • Architectural Style: Mediterranean, Spanish
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2250.00
  • Parcel Number: 7263005019
  • Year Built: 1928
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 353.82

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Electric: Electricity - On Property
  • Pest Control Expense: 604.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Dog Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Near Public Transit
  • Lot Size: 50 X 130
  • Lot Size Sq Ft: 6485.00
  • Lot Size Acres: 0.1489

Multi Family

  • Gross Income: 158100.00
  • Gross Multiplier: 12.30
  • Gross Operating Income: 153357.00
  • Gross Scheduled Income: 158100.00
  • Insurance Expense: 4069.00
  • Lot Size Area: 6485.0000 Square Feet
  • Net Operating Income: 96615.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 56742.00
  • Operating Expense Percent: 37.00
  • Other Expense: 7781.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 13175.00
  • Total Expenses: 56742.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5768.01
  • Tax Lot: 4
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 1386.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/18/2024 07/18/24 Sold $1,712,500 -9.9% $354 / Sq Ft
06/04/2024 06/04/24 For Sale $1,900,000 -- $393 / 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 $12,175 $1,712,500 $1,100,000 $612,500
2024 $12,175 $865,768 $577,183 $288,585
2023 $11,956 $848,793 $565,866 $282,927
2022 $11,241 $832,151 $554,771 $277,380
2021 $10,985 $815,836 $543,894 $271,942
2020 $10,956 $808,152 $538,318 $269,834
2019 $10,827 $792,320 $527,763 $264,557
2018 $10,557 $776,798 $517,415 $259,383
2016 $9,715 $745,982 $497,324 $248,658
2015 $9,341 $734,777 $489,854 $244,923
2014 $9,311 $720,385 $480,259 $240,126
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24112802

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.