NOT LISTED FOR SALE
8 Beds
8 Baths
3,479 Sq Ft
7,440 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $1,255,000 $361 Per Sq Ft

13 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating and Cooling System
  • Coin Laundry
  • Independence High School Rated A-

About This Home

As of January 2018

Great value in this Fourplex: all units are townhouse style: 2 bedrooms, 1.5 baths. Month to Month, low rents reflect long-term tenants.There is a huge upside potential here. Termite and property Inspection reports are available.

Last Agent to Sell the Property

rigo Bracamontes

Intero R E Services License #01780993 Listed on: 11/21/2017

Last Buyer's Agent

rigo Bracamontes

Intero R E Services License #01780993 Listed on: 11/21/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 7,440 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,479 Sq Ft Home
  • 2-Story Property
  • Formica Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $70,440

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $1,800
  • Maintenance Expense $2,400
  • Utility Expense $1,800
  • Trash Expense $2,000
  • Operating Expense $8,000
  • Gross Income $70,440

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3479
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Formica, Exhaust Fan
  • Living Sq Ft: 3479
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Off-Street Parking
  • Carport Min: 4

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: East Side Union High

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): Month To Month
  • Gross Rent Multiplier: 17.73
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Maintenance: 2400
  • Expenses Total: 8000
  • Expenses Utility: 1800
  • Expense Trash: 2000
  • Income Annual Gross: 70440.00
  • Income Annual Rental: 70440
  • Income Gross Scheduled: 70440
  • Income Includes: Coin Operated Equip, Laundry, Parking
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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
01/05/2018 01/05/18 Sold $1,255,000 +0.5% $361 / Sq Ft
12/05/2017 12/05/17 Pending -- -- --
11/21/2017 11/21/17 For Sale $1,249,000 -- $359 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81685337

MLSListings

APN: 484-07-041