NOT LISTED FOR SALE
9 Beds
5 Baths
4,500 Sq Ft
7,908 Sq Ft Lot

Last Sold September 16, 2021

Last sale price $1,600,000 $356 Per Sq Ft

5 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Greenbelt

About This Home

As of September 2021

Rare investment opportunity in Fire Mountain Village. This Quadplex contains four (4) units that are comprised of (1) 3 bedroom, 2.5 bath "main house", (2) 2 bedroom, 1.5 bath units with private patios, and (1) 2bed+1bath unit (upstairs). Each unit is equipped with at least a single car garage - the "main house" has an attached 2 car garage. Each unit is separately metered for Gas and Electricity, has it's own washer/dryer hookups, individual water heaters, and private yard/patio. Rents are competitive with the area but could be increased if improvements were made to the unit interiors - which means there is plenty of opportunity for buyers to add value and revenue!

Last Listed By

John Mayberry

Real Property Management License #01767835 Listed on: 08/27/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,908 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Lot Sloped Down

HOA Fees

  • $171 Monthly HOA Fees

Parking

  • 5 Car Garage
  • 2 Carport Spaces

Home Design

  • 4,500 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 23,34
  • Tax Tract Number 7703
  • Assessor Parcel Number 1654801100

Community Details

Overview

  • 4 Units
  • Vista Del Camino Village Ii HOA, Phone Number (800) 428-5588
  • Greenbelt

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,838
  • Trash Expense $3,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,208
  • Operating Expense $16,000
  • Gross Income $85,500
  • Net Operating Income $69,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

HOA Fees

$171 per month

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Price Per Unit: 375000
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1654801100
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 355.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 171.00
  • Association Fee Frequency: Monthly
  • Association Name: Vista Del Camino Village II HOA
  • Phone: 8004285588
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Sloped Down, Greenbelt
  • Lot Size Sq Ft: 7908.00
  • Lot Size Acres: 0.1815

Multi Family

  • Gross Income: 85500.00
  • Gross Scheduled Income: 85500.00
  • Insurance Expense: 2838.00
  • Lot Size Area: 7908.0000 Square Feet
  • Net Operating Income: 69500.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 16000.00
  • Rent Control: No
  • Total Actual Rent: 7125.00
  • Total Expenses: 16000.00

Tax Info

  • New Taxes Expense: 5208.00
  • Tax Lot: 23,34
  • Tax Tract Number: 007703

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
09/16/2021 09/16/21 Sold $1,600,000 +6.7% $356 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $1,500,000 -- $333 / 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: NDP2110086

California Regional Multiple Listing Service (CRMLS)

APN: 165-480-11-00