NOT LISTED FOR SALE
6 Beds
8 Baths
3,340 Sq Ft
8,154 Sq Ft Lot

Last Sold August 03, 2021

Last sale price $1,620,000 $485 Per Sq Ft

Highlights

  • Traditional Architecture
  • Cathedral Ceiling
  • No HOA
  • Heinz Kaiser Elementary School Rated A
  • Wood Flooring
  • Beamed Ceilings

About This Home

As of August 2021

Two on a lot! 2257 & 2259 Elden are near identical 3 Bedrooms + 3.5 Bathrooms. All 3 bedrooms are upstairs each with their own ensuite bathrooms. Bedrooms 1 & 2 act like dual masters, with an additional ½ bathroom on the first floor. Both properties have air conditioning and separate utilities. Direct 2 car garage access including washer/dryer laundry hookups. 2018 appraisal has each unit at approx 1,576 sq ft however the builder in 1986 claims each unit at 1,670 sq ft. High vaulted ceilings with a balcony from the second floor gives an even larger feeling. Fireplaces in living rooms, private balconies and backyards for both properties. 2257 has an exceptionally large backyard. From the exterior the property needs some TLC however the insides show even better and both properties are in good living condition with long term happy tenants and no current issues reported.

Last Agent to Sell the Property

Nicolai Glazer

Pacific Sotheby's Int'l Realty License #01857997 Listed on: 06/23/2021

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Maxine Golden

Broker In Trust Real Estate License #00426234

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,154 Sq Ft Lot
  • Lot Dimensions are 85x121
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,340 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 25
  • Tax Tract Number 114
  • Assessor Parcel Number 42605309

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,139
  • Other Expense $2,106
  • Pest Control $300
  • Water Sewer Expense $530
  • New Taxes Expense $17,578
  • Operating Expense $22,712
  • Gross Income $70,800
  • Net Operating Income $48,088

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.01
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 530.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 42605309
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Cathedral Ceiling(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 485.03
  • Room Type: All Bedrooms Up, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 85X121
  • Lot Size Sq Ft: 8154.00
  • Lot Size Acres: 0.1872

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 70800.00
  • Gross Multiplier: 22.57
  • Gross Operating Income: 70800.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1139.00
  • Lot Size Area: 8154.0000 Square Feet
  • Net Operating Income: 48088.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 2
  • Operating Expense: 22712.00
  • Other Expense: 2106.00
  • Other Expense Description: Tran SG
  • Rent Control: No
  • Total Expenses: 22712.21

Tax Info

  • New Taxes Expense: 17578.00
  • Tax Census Tract: 632.01
  • Tax Lot: 25
  • Tax Tract: 114
  • Tax Tract Number: 114

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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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
08/03/2021 08/03/21 Sold $1,620,000 +1.4% $485 / Sq Ft
06/23/2021 06/23/21 For Sale $1,598,000 -- $478 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
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 $19,634 $1,719,156 $1,475,068 $244,088
2024 $19,634 $1,685,448 $1,446,146 $239,302
2023 $19,004 $1,652,400 $1,417,790 $234,610
2022 $18,401 $1,620,000 $1,389,990 $230,010
2021 $15,222 $1,339,370 $1,090,615 $248,755
2020 $15,048 $1,325,637 $1,079,432 $246,205
2019 $12,616 $1,099,291 $833,307 $265,984
2018 $12,361 $1,077,737 $816,968 $260,769
2017 $12,153 $1,056,605 $800,949 $255,656
2016 $11,894 $1,035,888 $785,244 $250,644
2015 $11,783 $1,020,328 $773,448 $246,880
2014 $11,517 $1,000,342 $758,298 $242,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21125113

California Regional Multiple Listing Service (CRMLS)

APN: 426-053-09