NOT LISTED FOR SALE
5 Beds
3 Baths
4,667 Sq Ft
0.26 Acres

Last Sold September 28, 2021

Last sale price $1,240,000 $266 Per Sq Ft

33 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Combination Of Heating Systems
  • Private Yard

About This Home

As of September 2021

The property was originally built circa 1974, and contains four (4) units. The property is comprised of (1) 3bed+2.5bath front house, (2) townhome style 2bed+1.5bath units with private patios, and (1) 2bed+1bath unit. The front house has a private backyard for tenant use. There are also four single car garages, and one two car garage. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize the parking garages to create additional income.

Last Agent to Sell the Property

Michael Mignosa

The Browar Group License #02049221 Listed on: 07/05/2021

Last Buyer's Agent

Desiree Bagby

eXp Realty of California, Inc. License #02069198

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Private Yard

Parking

  • 6 Car Garage

Home Design

  • 4,667 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Combination Of Heating Systems
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 1650111200

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,867
  • Water Sewer Expense $9,727
  • New Taxes Expense $13,897
  • Operating Expense $29,563
  • Gross Income $69,890
  • Net Operating Income $38,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.09
  • Property Attached: Yes
  • Water Sewer Expenses: 9727.00
  • Zoning: MDC-R
  • Property Type: Residential Income
  • Parcel Number: 1650111200
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 265.70

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Combination
  • Sewer: Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Yard
  • Lot Size Sq Ft: 11337.00
  • Lot Size Acres: 0.2603

Multi Family

  • Gross Income: 69890.00
  • Gross Scheduled Income: 69890.00
  • Insurance Expense: 1867.00
  • Lot Size Area: 11337.0000 Square Feet
  • Net Operating Income: 38320.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Refrigerator: 4
  • Operating Expense: 29563.00
  • Rent Control: Yes
  • Total Actual Rent: 5800.00
  • Total Expenses: 29563.00

Tax Info

  • New Taxes Expense: 13897.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
09/28/2021 09/28/21 Sold $1,240,000 0.0% $266 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $1,240,000 0.0% $266 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $1,240,000 0.0% $266 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $1,240,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $17,548 $1,591,812 $1,020,000 $571,812
2024 $17,548 $1,560,600 $1,196,460 $364,140
2023 $17,007 $1,530,000 $1,173,000 $357,000
2022 $16,750 $1,500,000 $1,150,000 $350,000
2021 $5,567 $481,344 $141,986 $339,358
2020 $5,396 $476,410 $140,531 $335,879
2019 $5,241 $467,070 $137,776 $329,294
2018 $5,186 $457,913 $135,075 $322,838
2017 $70 $448,935 $132,427 $316,508
2016 $4,925 $440,133 $129,831 $310,302
2015 $4,783 $433,522 $127,881 $305,641
2014 $4,601 $425,030 $125,376 $299,654
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2104675

California Regional Multiple Listing Service (CRMLS)