NOT LISTED FOR SALE
8 Beds
4 Baths
3,104 Sq Ft
7,440 Sq Ft Lot

Sale Details

Date Sold: November 15, 2017

Last sale price $1,545,000 $498 Per Sq Ft

10 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Washer and Dryer
  • Independence High School Rated A-

About This Home

As of November 2017

Excellent Investment Opportunity in Great Location. Rare Luxuriously Remodeled Fourplex. Desirable Mix of Four 2 Bedrooms and 1 Bath Units. Each Unit is Approximately 755-797 Square Feet of Space. Property Has a New Roof and Rain Gutters, New Kitchens and Baths, All New Appliances, New Windows, New Copper Plumbing, New Exterior and Interior Paint in all Units. New Flooring in all Units. Asphalt Driveway and Parking Area was Resurfaced. Laundry Room provides extra income. Conveniently Located Next To Medical Offices, Bus lines. Easy Freeway Access to Hwy 101, 680, 280. Turn-Key Investment with Excellent Rents.

Last Agent to Sell the Property

The Reyes Team

Intero Real Estate Services License #70010087 Listed on: 10/17/2017

Last Buyer's Agent

Gabriel Reyes

Intero Real Estate Services License #00911855

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 7,440 Sq Ft Lot

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,104 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $106,680

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $900
  • Maintenance Expense $1,800
  • Other Expense $552
  • Utility Expense $4,800
  • Trash Expense $1,692
  • Operating Expense $24,972
  • Gross Income $109,280

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

7,440 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3104
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Countertop - Granite, Exhaust Fan, Hood Over Range, Oven Range - Electric
  • Living Sq Ft: 3104
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Post And Pier
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1708
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7440.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7440.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.72
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 900
  • Expense Landscape: 1200
  • Expense Maintenance: 1800
  • Expenses Other: 552
  • Expenses Total: 24972
  • Expenses Utility: 4800
  • Expense Trash: 1692
  • Income Annual Gross: 109280.00
  • Income Annual Rental: 106680
  • Income Gross Scheduled: 109280
  • Income Includes: Laundry
  • Income Other: 2600
  • Meters: Master Electric, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/15/2017 11/15/17 Sold $1,545,000 +3.1% $498 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $1,499,000 -- $483 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,366 $1,757,941 $1,137,827 $620,114
2024 $24,366 $1,723,472 $1,115,517 $607,955
2023 $23,928 $1,689,680 $1,093,645 $596,035
2022 $23,498 $1,656,550 $1,072,201 $584,349
2021 $22,748 $1,624,070 $1,051,178 $572,892
2020 $22,514 $1,607,418 $1,040,400 $567,018
2019 $21,959 $1,575,900 $1,020,000 $555,900
2018 $21,731 $1,545,000 $1,000,000 $545,000
2017 $14,028 $921,643 $414,222 $507,421
2016 $13,224 $903,572 $406,100 $497,472
2015 $13,205 $890,000 $400,000 $490,000
2014 $6,189 $362,244 $90,959 $271,285
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81681916

MLSListings

APN: 484-07-051

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