NOT LISTED FOR SALE
3 Beds
2 Baths
5,994 Sq Ft
1956 Built

Last Sold October 11, 2018

Last sale price $1,600,000 $267 Per Sq Ft

49 Days on Market

About This Home

As of October 2018

*Attractive Unit Mix of 1 & 2-Bedroom Units, *Offered at 5.0% Cap Rate on Current Income, *Finance-able with less than 35% Down, * (4) Garage & (8) Open Parking Spaces, *Not Subject to Rent Control, *Desirable Location with a Walk Score of 82

Last Agent to Sell the Property

Jason Kirklen

Morgan Skenderian License #01939655 Listed on: 07/24/2018

Last Buyer's Agent

Pat Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,218 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 5,994 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 5731
  • Assessor Parcel Number 7205020018

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $2,098
  • Other Expense $7,560
  • Pest Control $830
  • New Taxes Expense $19,898
  • Operating Expense $40,002
  • Gross Income $122,802
  • Net Operating Income $82,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 7205020018
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 266.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: No
  • Pest Control Expense: 830.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6218.00

Multi Family

  • Gross Multiplier: 13.03
  • Gross Operating Income: 122802.00
  • Gross Scheduled Income: 126600.00
  • Insurance Expense: 2098.00
  • Net Operating Income: 82800.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 40002.00
  • Operating Expense Percent: 31.60
  • Other Expense: 7560.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 40002.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19898.00
  • Tax Census Tract: 5731.00
  • Tax Lot: 18
  • Tax Tract Number: 5731
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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
10/11/2018 10/11/18 Sold $1,600,000 -3.0% $267 / Sq Ft
07/24/2018 07/24/18 For Sale $1,650,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,158 $1,784,826 $669,309 $1,115,517
2024 $23,158 $1,749,831 $656,186 $1,093,645
2023 $22,764 $1,715,521 $643,320 $1,072,201
2022 $21,374 $1,681,884 $630,706 $1,051,178
2021 $20,933 $1,648,907 $618,340 $1,030,567
2019 $20,634 $1,600,000 $600,000 $1,000,000
2018 $13,447 $1,020,000 $306,000 $714,000
2016 $2,983 $176,527 $48,411 $128,116
2015 $2,887 $173,876 $47,684 $126,192
2014 $2,909 $170,471 $46,750 $123,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18178623

California Regional Multiple Listing Service (CRMLS)