$520,000
SOLD AUG 8, 2024
8 Beds
4 Baths
3,400 Sq Ft
7,532 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

26 Days on Market

Highlights

  • City Lights View
  • Fireplace in Bathroom
  • Great Room
  • Open Floorplan
  • Traditional Architecture
  • Private Yard

About This Home

As of August 2024

Great investment property located in NE. 4 units, all units are 2 bedrooms/1 bath. 2 story. Each unit has own patio & indoor laundry. Alley access. Large parking in the back of the property. New AC replaced for units B & C in 2020. Unit A has new paint & new carpet in December 2023. Unit B has new paint and flooring and available, rent is $1,150/Mo. Each unit has separately meters. Owner pays water and trash.

Last Agent to Sell the Property

YA MEEK

COLDWELL BANKER PREFERRED Brokerage Phone: 661-836-2345 Listed on: 05/10/2024

COLDWELL BANKER PREFERRED

Last Buyer's Agent

Efrain Lemus

Gilbert Realty and Loans License #02082937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,480

Year Built

  • Built in 1982

Lot Details

  • 7,532 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Lawn

Home Design

  • Traditional Architecture
  • Quadruplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Panel Doors
  • Great Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • City Lights Views

Kitchen

  • Gas Oven
  • Gas Range
  • Tile Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Private Parking
  • Driveway Level
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Cooling System Powered By Gas
  • Central Air
  • Standard Electricity
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / 45
  • Tax Tract Number 14
  • Assessor Parcel Number 01418004006
  • $2,384 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $55
  • Insurance Expense $1,495
  • Professional Management Expense $4,000
  • Trash Expense $258
  • Water Sewer Expense $1,219
  • Operating Expense $19,436
  • Gross Income $42,852
  • Net Operating Income $23,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,480

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Price Per Unit: 130000
  • Professional Management Expense: 4000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Water Sewer Expenses: 1219.00
  • Zoning: M-1
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 01418004006
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan, Tile Counters
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Patio, Gas
  • Levels: Two
  • Price Per Square Foot: 152.94
  • Room Type: All Bedrooms Up, Great Room, Kitchen, Laundry
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: City Lights
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, On Site, Parking Space, Private
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Standard
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 258.00
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 7532.00
  • Lot Size Acres: 0.1729
  • Latitude Manual: 35.38249700

Multi Family

  • Electric Expense: 55.00
  • Gross Income: 42852.00
  • Gross Scheduled Income: 42852.00
  • Insurance Expense: 1495.00
  • Lot Size Area: 7532.0000 Square Feet
  • Net Operating Income: 23416.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 19436.00
  • Rent Control: Yes
  • Total Expenses: 19436.00

Tax Info

  • Tax Block: 45
  • Tax Census Tract: 13.02
  • Tax Lot: 5
  • Tax Tract Number: 014...
  • TaxOtherAnnualAssessmentAmount: 2384.00

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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
07/07/2025 07/07/25 Price Changed $649,000 -2.7% $191 / Sq Ft
06/20/2025 06/20/25 Price Changed $667,000 -1.0% $196 / Sq Ft
06/04/2025 06/04/25 Price Changed $674,000 -2.2% $198 / Sq Ft
05/14/2025 05/14/25 Price Changed $689,000 -1.4% $203 / Sq Ft
03/27/2025 03/27/25 Price Changed $699,000 -3.6% $206 / Sq Ft
02/22/2025 02/22/25 For Sale $725,000 +39.4% $213 / Sq Ft
08/08/2024 08/08/24 Sold $520,000 0.0% $153 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $520,000 +76.3% $153 / Sq Ft
08/29/2019 08/29/19 Sold $295,000 +1.7% $87 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $290,000 -- $85 / 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
2021 $5,480 $298,056 $50,518 $247,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24095156

California Regional Multiple Listing Service (CRMLS)

APN: 014-180-04-00-6