NOT LISTED FOR SALE
8 Beds
8 Baths
3,798 Sq Ft
6,527 Sq Ft Lot

Last Sold June 22, 2016

Last sale price $895,000 $236 Per Sq Ft

46 Days on Market

Highlights

  • No HOA
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of June 2016

Fantastic Investment opportunity! Well maintained 8 unit, 2 building complex. Located close to freeways and employers. All units are occupied. New copper plumbing in 2008, new roof in 1999. Five on-site open parking spaces. Long term tenants. only 1 turnover in the last year.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 02/29/2016

Estate Properties

Last Buyer's Agent

Jason Kirklen

Morgan Skenderian License #01939655

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,527 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 5 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,798 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 6546
  • Assessor Parcel Number 7260015023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Insurance Expense $1,364
  • Maintenance Expense $4,272
  • Professional Management Expense $4,281
  • Trash Expense $564
  • Water Sewer Expense $3,936
  • New Taxes Expense $10,780
  • Gross Income $6,420
  • Net Operating Income $49,075

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Professional Management Expense: 4281.00
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 3936.00
  • Property Type: Residential Income
  • Parcel Number: 7260015023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 235.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Community, Individual Room, Outside
  • Trash Expense: 564.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 6527.00
  • Price Per Lot Square Foot: 137.12
  • Lot Size Acres: 0.1500

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 600
  • Average Studio Area: 400
  • Electric Expense: 756.00
  • Gross Income: 6420.00
  • Gross Scheduled Income: 77040.00
  • Insurance Expense: 1364.00
  • Lot Size Area: 6527.0000 Square Feet
  • Maintenance Expense: 4272.00
  • Maintenance Percent: 5.50
  • Net Operating Income: 49075.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 26425.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 6295.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 10780.00
  • Tax Lot: 21
  • Tax Tract Number: 6546
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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 Prior Sale
06/22/2016 06/22/16 Sold $895,000 -0.4% $236 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $899,000 +32.2% $237 / Sq Ft
04/04/2014 04/04/14 Sold $680,000 +6.6% $179 / Sq Ft View Prior Sale
02/28/2014 02/28/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $638,000 -- $168 / 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 $21,393 $1,640,466 $984,280 $656,186
2024 $21,393 $1,608,301 $964,981 $643,320
2023 $21,023 $1,576,766 $946,060 $630,706
2022 $19,737 $1,545,850 $927,510 $618,340
2021 $19,334 $1,515,540 $909,324 $606,216
2020 $19,285 $1,501,750 $900,000 $601,750
2019 $14,452 $1,091,640 $630,302 $461,338
2018 $12,390 $932,908 $520,200 $412,708
2016 $9,204 $704,163 $362,437 $341,726
2015 $8,850 $693,586 $356,993 $336,593
2014 $6,742 $497,508 $199,003 $298,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16041854

California Regional Multiple Listing Service (CRMLS)