NOT LISTED FOR SALE
6 Beds
6 Baths
12,790 Sq Ft
9,401 Sq Ft Lot

Sale Details

Date Sold: November 8, 2023

Last sale price $4,800,000 $375 Per Sq Ft

691 Days on Market

About This Home

As of November 2023

Back on the market. Accepting offers. Price reduction. Seller is very motivated and any reasonable offers are entertained. Renovated 15 units apartment except 3 units unrenovated which is the value-add potential for higher rents. Please email the listing agent for the Setup Sheet, Rent Roll, & additional photos of renovated units.

Last Agent to Sell the Property

Norio Kanai

Cosmo Investment License #01111885 Listed on: 10/21/2021

Last Buyer's Agent

LANE ARONSON

PRUDENTIAL JOHN AAROE & ASSOC.

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,401 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 12,790 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 5101
  • Assessor Parcel Number 2451018072

Community Details

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,035
  • Fuel Expense $8,035
  • Insurance Expense $10,460
  • Professional Management Expense $13,852
  • Trash Expense $9,262
  • Water Sewer Expense $8,035
  • Operating Expense $108,566
  • Gross Income $32,273
  • Net Operating Income $278,710

Additional Features

  • 15 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,401 Sq Ft Lot

Listing Details

  • CapRate: 5.26
  • Professional Management Expense: 13852.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8035.00
  • Property Type: Residential Income
  • Parcel Number: 2451018072
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 375.29

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 9262.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9401.00
  • Lot Size Acres: 0.2158

Multi Family

  • Electric Expense: 8035.00
  • Fuel Expense: 8035.00
  • Gross Income: 32273.00
  • Gross Scheduled Income: 387276.00
  • Insurance Expense: 10460.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1080.00
  • Lot Size Area: 9401.0000 Square Feet
  • Net Operating Income: 278710.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 108566.00
  • Rent Control: No
  • Total Expenses: 108566.00

Tax Info

  • Tax Lot: 36
  • Tax Tract Number: 5101

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Oct 6, 2023
Sold by
Bought by
Seller's Agent
Norio Kanai
Cosmo Investment
Buyer's Agent
LANE ARONSON
PRUDENTIAL JOHN AAROE & ASSOC.
List Price
$5,700,000
Sold Price
$4,800,000
Premium/Discount to List
-$900,000
-15.79%
Views
121

Purchase Details

Closed on
Mar 16, 2020
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2018
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,800,000 Progressive Title
$5,875,000 Chicago Title Company
$4,000,000 North American Title Company
-- --
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2023 11/08/23 Sold $4,800,000 -9.4% $375 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $5,300,000 -7.0% $414 / Sq Ft
10/11/2022 10/11/22 Price Changed $5,700,000 0.0% $446 / Sq Ft
10/11/2022 10/11/22 For Sale $5,700,000 +18.8% $446 / Sq Ft
05/12/2022 05/12/22 Off Market $4,800,000 -- --
04/23/2022 04/23/22 Price Changed $6,100,000 -1.6% $477 / Sq Ft
04/12/2022 04/12/22 Price Changed $6,199,000 -1.2% $485 / Sq Ft
03/03/2022 03/03/22 Price Changed $6,275,000 -1.2% $491 / Sq Ft
10/21/2021 10/21/21 For Sale $6,350,000 -- $496 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $55,978 $4,896,000 $2,856,000 $2,040,000
2024 $54,239 $4,800,000 $2,800,000 $2,000,000
2023 $69,941 $6,175,671 $2,470,268 $3,705,403
2022 $66,782 $6,054,581 $2,421,832 $3,632,749
2021 $66,516 $5,935,865 $2,374,346 $3,561,519
2020 $47,019 $4,161,600 $1,664,640 $2,496,960
2019 $45,627 $4,080,000 $1,632,000 $2,448,000
2018 $7,529 $569,636 $85,003 $484,633
2016 $6,988 $547,518 $81,703 $465,815
2015 $6,864 $539,295 $80,476 $458,819
2014 $6,949 $528,732 $78,900 $449,832
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21233266

California Regional Multiple Listing Service (CRMLS)
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