NOT LISTED FOR SALE
4 Beds
3 Baths
4,043 Sq Ft
6,235 Sq Ft Lot

Sale Details

Date Sold: July 23, 2013

Last sale price $576,000 $142 Per Sq Ft

25 Days on Market

About This Home

As of July 2013

Good Investment 6 unit property has One 2 bedroom, 1 bath unit and Five 1 bedroom, 1 bath units. Four 1 car garages on alley with 4 parking spaces in front of garages. Onsite laundry room brings in an additional $250 - $300/month.

Last Agent to Sell the Property

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001 Listed on: 03/23/2013

Co-Listed By

Cheryl Cotton

Y Realty License #00860384

Last Buyer's Agent

Cheryl Cotton

Y Realty License #00860384

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,235 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,043 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7208026005

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,100
  • Maintenance Expense $2,357
  • Professional Management Expense $5,340
  • Trash Expense $240
  • Water Sewer Expense $1,560
  • New Taxes Expense $6,600
  • Gross Income $4,700
  • Net Operating Income $36,643

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

6,235 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 6.11
  • Professional Management Expense: 5340.00
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1560.00
  • Property Type: Residential Income
  • Parcel Number: 7208026005
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 142.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6235.00
  • Lot Size Acres: 0.1430

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 4700.00
  • Gross Multiplier: 10.63
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6235.0000 Square Feet
  • Maintenance Expense: 2357.00
  • Net Operating Income: 36643.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 19757.00
  • Rent Control: No
  • Total Actual Rent: 4450.00

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Lot: 4
  • Tax Tract Number: D
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2023
Sold by
Hardi Tinna
Bought by

Purchase Details

Closed on
May 27, 2023
Sold by
Woon Peter
Bought by
Peter Woon Revocable Living Trust and Woon

Purchase Details

Closed on
May 20, 2013
Sold by
Bmb Properties Llc
Bought by
Woon Peter and Woon Tinna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
3.88%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Peter Woon Revocable Living Trust -- None Listed On Document
Woon Peter $576,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $432,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/23/2013 07/23/13 Sold $576,000 -4.0% $142 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
03/23/2013 03/23/13 For Sale $599,900 -- $148 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,282 $720,205 $250,069 $470,136
2025 $10,282 $706,084 $245,166 $460,918
2024 $9,799 $692,240 $240,359 $451,881
2023 $9,626 $678,668 $235,647 $443,021
2022 $9,056 $665,362 $231,027 $434,335
2021 $8,851 $652,317 $226,498 $425,819
2019 $8,725 $633,721 $219,781 $413,940
2018 $8,433 $621,311 $215,472 $405,839
2016 $7,756 $596,466 $207,106 $389,360
2015 $7,458 $587,508 $203,996 $383,512
2014 $7,432 $576,000 $200,000 $376,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13051139

California Regional Multiple Listing Service (CRMLS)
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