$680,000
SOLD APR 4, 2014
6 Beds
6 Baths
3,798 Sq Ft
6,527 Sq Ft Lot

Recently Sold

$179 Per Sq Ft

7% Above List Price

3 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Landscaped
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of June 2016

Fantastic investor opportunity in this desirable 8-unit, 2-building complex, located close to employers and freeways. All units are currently occupied; many tenants have resided at the property for years (thus, rents are low). Recent improvements include: New tile balcony on second floor; New gas, water and electric meter boxes; Copper re-piping in 2008; New roofs in 1999; New kitchen cabinets with granite counter-tops in one unit; Granite counter-tops in another unit; Three other kitchens with newer ceramic tile. This property has a lot of potential. Please do not make contact with the tenants or knock on doors.

Last Agent to Sell the Property

Devin Lucas

Coldwell Banker Realty License #01912302 Listed on: 02/25/2014

Coldwell Banker Realty

Last Buyer's Agent

Kirby Larson

Estate Properties License #00593173

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,527 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Landscaped

Home Design

  • 3,798 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 21 / A
  • Tax Tract Number 5226
  • Assessor Parcel Number 7260015023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $825
  • Gardener Expense $480
  • Insurance Expense $1,630
  • Maintenance Expense $3,656
  • Other Expense $4,140
  • New Taxes Expense $6,546
  • Gross Income $4,645
  • Net Operating Income $37,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7260015023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 179.04

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 6527.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 825.00
  • Gross Income: 4645.00
  • Gross Scheduled Income: 55740.00
  • Insurance Expense: 1630.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6527.0000 Square Feet
  • Maintenance Expense: 3656.00
  • Net Operating Income: 37440.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 18300.00
  • Other Expense: 4140.00
  • Other Expense Description: City Mis
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6546.00
  • Tax Block: A
  • Tax Lot: 21
  • Tax Tract Number: 5226
  • Tax Year: 2013

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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 Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14039727

California Regional Multiple Listing Service (CRMLS)