NOT LISTED FOR SALE

Estimated Value: $1,932,000 - $2,557,189

9 Beds
5 Baths
4,979 Sq Ft
$456/Sq Ft Est. Value

Last Sold September 03, 2014

Last sale price $1,374,000 $276 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $13,547/month

16 Days on Market

About This Home

As of September 2014

Rare four unit building with townhome style units, 2 of which have been through some major remodeling. There are 5 garages with openers and storage cabinets and one carport. All units have washer/dryer hook-ups. Most units have new dishwashers, two units have newer carpeting and flooring, all units have either a patio, balcony or private courtyard. Building is fully occupied. Owner states copper plumbing - buyer to verify. Offers "subject to inspection." Please do not disturb tenants.

Last Agent to Sell the Property

Charlene Hoffman

Team South Bay Realty License #00769985 Listed on: 08/04/2014

Last Buyer's Agent

Ray Craemer

Ray Louis Craemer License #00672435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,588

Year Built

  • Built in 1968

Lot Details

  • 6,000 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,979 Sq Ft Home
  • Property Attached

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Tax Tract Number 22796
  • Assessor Parcel Number 7369012007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $444
  • Gardener Expense $780
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Professional Management Expense $5,000
  • Supplies Expense $100
  • Trash Expense $2,928
  • Water Sewer Expense $1,440
  • New Taxes Expense $16,250
  • Gross Income $6,950
  • Net Operating Income $54,358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,588

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 100.00
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7369012007
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 275.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Disposal
  • Laundry Features: Electric Dryer Hookup
  • Trash Expense: 2928.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 444.00
  • Gross Income: 6950.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 54358.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 29042.00
  • Rent Control: No
  • Total Actual Rent: 6950.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Lot: 12
  • Tax Tract Number: 22796
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Aug 21, 2014
Sold by
Schlack Frances M
Bought by
628 W Imperial Lp
Seller's Agent
Charlene Hoffman
Team South Bay Realty
Buyer's Agent
Ray Craemer
Ray Louis Craemer
List Price
$1,350,000
Sold Price
$1,374,000
Premium/Discount to List
$24,000
1.78%
Current Estimated Value
$2,272,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$898,047
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Jul 21, 2006
Sold by
Misuraca Jackie L
Bought by
Misuraca Jackie L and Misuraca Family Trust

Purchase Details

Closed on
Jul 22, 2005
Sold by
Schlack Frances M
Bought by
Schlack Frances M and The Frances M Schlack Trust

Purchase Details

Closed on
Dec 13, 2004
Sold by
Misuraca Jackie L and Schlack Frances M
Bought by
Misuraca Jackie L
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
628 W Imperial Lp $1,347,000 Ticor Title Co
Misuraca Jackie L -- None Available
Schlack Frances M -- --
Misuraca Jackie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Imperial Avenue Lp $1,375,000
Closed 628 West Imperial Avenue Lp $940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2014 09/03/14 Sold $1,374,000 +1.8% $276 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $1,350,000 -- $271 / 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 $18,588 $1,618,882 $1,322,031 $296,851
2024 $18,588 $1,587,140 $1,296,109 $291,031
2023 $18,243 $1,556,021 $1,270,696 $285,325
2022 $17,997 $1,525,512 $1,245,781 $279,731
2021 $17,663 $1,495,601 $1,221,354 $274,247
2019 $17,154 $1,451,242 $1,185,129 $266,113
2018 $16,651 $1,422,788 $1,161,892 $260,896
2016 $15,892 $1,367,541 $1,116,775 $250,766
2015 $15,548 $1,347,000 $1,100,000 $247,000
2014 -- $224,620 $54,980 $169,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14166601

California Regional Multiple Listing Service (CRMLS)

APN: 7369-012-007