NOT LISTED FOR SALE
9 Beds
7 Baths
4,345 Sq Ft
7,841 Sq Ft Lot

Last Sold July 01, 2015

Last sale price $1,049,000 $241 Per Sq Ft

27 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • No HOA
  • Laundry Room
  • Satellite Dish

About This Home

As of July 2015

Exceptional Covington Four-Plex. 4,345 Sq. Ft. Building. Front unit 3 Bedroom 2 Bath, with Patio and 2 Car Garage. Each Unit has their own water heater and washer & dryer hook-ups. Tenants pay all gas & Electrical. 5 Garages with spacious alley access. Professionally managed and maintained for past 13 years. All units have patios or balconies, forced air heat and window/wall air conditioners. ANNUAL INCOME $73,560 per year. FOLLOWING IS A LIST OF RECENT RENOVATIONS
Unit 1 - Carpet, Interior Paint, Oven, Dishwasher, Air Conditioning Unit, Garbage Disposal ALL NEW WITHIN 2 YRS. Painted Interior of Garage,
Unit 2 - Carpet 1 yr. Interior paint 3 yrs. Oven 3 yrs. dishwasher 3 yrs. Air conditioning Unit 3 yrs. Garbage disposal 3 yrs.
Unit 3 - Carpet, Interior Paint, Oven, Dishwasher, Air Conditioning Unit, Garbage Disposal ALL NEW WITHIN 1.5 YEARS, Painted Interior of Garage
Unit 4 - Carpet, Interior Paint, Oven Dishwasher, Air Conditioning Unit, Garbage Disposal ALL NEW WITHIN 1 YEAR, Painted Interior of Garage
Painted the outside of the building with new deck surfaces on Unit 3 and Unit 4 within last 2 years, New concrete sidewalk & building edge. 2 new concrete patios, Unit 1 & 2. ALL UNITS HAVE SMOKE & FIRE ALARM SYSTEMS reporting to ADT .

Last Agent to Sell the Property

Shariee Dunn

BHHS CA Properties License #00554534 Listed on: 03/30/2015

BHHS CA Properties

Co-Listed By

Jay Dunn

BHHS CA Properties License #00588350

Last Buyer's Agent

Mercedes De La Cruz

Century 21 Allstars License #01414738

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Grapestake Fence
  • Level Lot
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,345 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Carpet
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Tax Tract Number 7448
  • Assessor Parcel Number 25317211

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Built by Covington

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Water Sewer Expense $1,440
  • New Taxes Expense $12,100
  • Gross Income $6,130
  • Net Operating Income $55,843

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

7,841 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Covington 4 Plex
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 25317211
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 241.43
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • Fencing: Grapestake
  • Builder Name: Covington
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level with Street, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 133.78
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6130.00
  • Gross Multiplier: 14.90
  • Gross Scheduled Income: 73560.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 55843.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 15510.00
  • Rent Control: No
  • Total Actual Rent: 6130.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12100.00
  • Tax Lot: 18
  • Tax Tract Number: 7448
  • Tax Year: 2014
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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
07/01/2015 07/01/15 Sold $1,049,000 -4.6% $241 / Sq Ft
04/26/2015 04/26/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $1,099,900 -- $253 / 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 $14,658 $1,260,735 $1,004,969 $255,766
2024 $14,658 $1,236,015 $985,264 $250,751
2023 $14,350 $1,211,780 $965,945 $245,835
2022 $14,169 $1,188,020 $947,005 $241,015
2021 $14,194 $1,164,726 $928,436 $236,290
2020 $14,135 $1,152,784 $918,916 $233,868
2019 $13,714 $1,130,181 $900,898 $229,283
2018 $13,432 $1,108,021 $883,233 $224,788
2017 $12,904 $1,086,296 $865,915 $220,381
2016 $12,868 $1,064,997 $848,937 $216,060
2015 $9,081 $723,048 $493,304 $229,744
2014 -- $708,885 $483,641 $225,244
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15065924

California Regional Multiple Listing Service (CRMLS)

APN: 253-172-11

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