NOT LISTED FOR SALE
1 Bed
2 Baths
3,956 Sq Ft
5,673 Sq Ft Lot

Last Sold November 01, 2016

Last sale price $1,135,000 $287 Per Sq Ft

169 Days on Market

About This Home

As of November 2016

• Substantial Upside in Rents
• Upgraded Units
• Garages & Covered Parking (some units)
• Individually-Metered for Electric
• Recently-Painted & Beautifully-Landscaped

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/29/2016

Last Buyer's Agent

Marty Stone

Buckingham Investments License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,673 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,956 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Leased Washer and Dryer

Outdoor Features

  • No Permits for Pool
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Tax Tract Number 3572
  • Assessor Parcel Number 7208014017

Community Details

Overview

  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $770
  • Insurance Expense $3,464
  • Maintenance Expense $7,886
  • Other Expense $1,011
  • Pest Control $2,025
  • Trash Expense $2,141
  • Water Sewer Expense $2,142
  • New Taxes Expense $13,799
  • Gross Income $8,030
  • Net Operating Income $60,243

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,673 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2142.00
  • Property Type: Residential Income
  • Gardener Expense: 770.00
  • Parcel Number: 7208014017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 286.91

Exterior Features

  • Pool Features: No Permits

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 2025.00
  • Trash Expense: 2141.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5673.00
  • Price Per Lot Square Foot: 211.53
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 8030.00
  • Gross Multiplier: 12.17
  • Gross Scheduled Income: 98580.00
  • Gross Spendable Income: 19116.00
  • Insurance Expense: 3464.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5673.0000 Square Feet
  • Maintenance Expense: 7886.00
  • Net Operating Income: 60243.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 35380.00
  • Operating Expense Percent: 35.90
  • Other Expense: 1011.00
  • Other Expense Description: Fee
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13799.00
  • Tax Block: D
  • Tax Lot: 2
  • Tax Tract Number: 3572
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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
11/01/2016 11/01/16 Sold $1,135,000 -5.4% $287 / Sq Ft
02/29/2016 02/29/16 For Sale $1,200,000 -- $303 / 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 $19,472 $1,391,872 $617,968 $773,904
2024 $18,603 $1,364,581 $605,851 $758,730
2023 $18,271 $1,337,825 $593,972 $743,853
2022 $17,163 $1,311,594 $582,326 $729,268
2021 $15,977 $1,216,947 $428,880 $788,067
2020 $15,937 $1,205,390 $424,483 $780,907
2019 $15,748 $1,181,774 $416,160 $765,614
2018 $15,332 $1,158,620 $408,000 $750,620
2016 $9,582 $719,695 $258,883 $460,812
2015 $9,217 $708,886 $254,995 $453,891
2014 $8,688 $650,000 $433,300 $216,700
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041702

California Regional Multiple Listing Service (CRMLS)
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