NOT LISTED FOR SALE
3 Beds
2 Baths
6,834 Sq Ft
6,507 Sq Ft Lot Lot

Sale Details

Date Sold: September 9, 2024

Last sale price $2,450,000 $359 Per Sq Ft

73 Days on Market

Highlights

  • Property is near public transit
  • Modern Architecture
  • Bike Trail
  • Woodrow Wilson High School Rated A
  • No HOA
  • Dog Park

About This Home

As of September 2024

Prime Eastside, all electric apt bldg. 11 units with 2-(2 Br), 9-(1 Br), 6-(Garages). First time for sale in 40+ years. Part of a portfolio can be purchased separately or together with other buildings this owner owns. Rents are low creating an add-on value. Close to 4th St. Retro-row in a low vacancy rental area. Located in Rose Park South historic district (see supplements)

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 05/29/2024

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,507 Sq Ft Lot
  • Lot Dimensions are 50 x 131
  • Two or More Common Walls
  • South Facing Home
  • Rectangular Lot
  • Level Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Home Design

  • Modern Architecture
  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 6,834 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Additional Features

  • Property is near public transit
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 7
  • Assessor Parcel Number 7263021029
  • $1,961 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 11 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $4,720
  • Other Expense $10,021
  • Pest Control $517
  • Supplies Expense $4,595
  • Operating Expense $65,100
  • Gross Income $186,000
  • Net Operating Income $119,925

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,507 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 4595.00
  • Zoning: LBR3S
  • Architectural Style: Modern
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7263021029
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 358.50

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Community, Electric Dryer Hookup
  • Pest Control Expense: 517.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Walkstreet
  • Lot Size: 50 X 131
  • Lot Size Sq Ft: 6507.00
  • Lot Size Acres: 0.1494

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 717 Square Feet
  • Gross Income: 186000.00
  • Gross Multiplier: 13.70
  • Gross Operating Income: 184500.00
  • Gross Scheduled Income: 190200.00
  • Insurance Expense: 4720.00
  • Lot Size Area: 6507.0000 Square Feet
  • Net Operating Income: 119925.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 64575.00
  • Operating Expense Percent: 35.00
  • Other Expense: 10021.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 15500.00
  • Total Expenses: 65100.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5768.01
  • Tax Lot: 7
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 1961.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
09/09/2024 09/09/24 Sold $2,450,000 -5.8% $359 / Sq Ft
07/30/2024 07/30/24 Price Changed $2,600,000 -5.5% $380 / Sq Ft
05/29/2024 05/29/24 For Sale $2,750,000 -- $402 / 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 $33,247 $2,450,000 $1,470,000 $980,000
2024 $11,850 $790,130 $180,758 $609,372
2023 $11,630 $774,638 $177,214 $597,424
2022 $10,953 $759,450 $173,740 $585,710
2021 $10,680 $744,560 $170,334 $574,226
2020 $10,651 $739,327 $168,588 $570,739
2019 $10,527 $724,879 $165,283 $559,596
2018 $10,201 $710,714 $162,043 $548,671
2016 $9,379 $680,810 $155,751 $525,059
2015 $9,030 $670,585 $153,412 $517,173
2014 $9,023 $657,450 $150,407 $507,043
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24107791

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.