NOT LISTED FOR SALE
9 Beds
7 Baths
4,233 Sq Ft
8,712 Sq Ft Lot

Last Sold December 16, 2014

Last sale price $843,000 $199 Per Sq Ft

16 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Recessed Lighting
  • Valencia High School Rated A+
  • Balcony
  • Laundry Room

About This Home

As of December 2014

Large Covington Style 4 Plex. Front Unit (owners unit) features 3 bedrooms, 2 baths, Family Kitchen/Dining Room also used as Family Room. Possible Bar Seating, Enclosed Patio, Fireplace in Living Room, Formal Entry, Recessed Lighting. Newer flooring and paint. 2 Car Enclosed Garage Rent $1650 per month.

Two- 2 bedroom, 2 full baths. Upstairs Units has Vaulted Ceilings, one with a gas fireplace! Rents $1350 & $1300, Each has 1 garage space + 1 parking space.

One 2 bedroom, 1.25 baths (Master bedroom has vanity and door to bath. Bath is also shared via hall door for other bedroom) unit downstairs with large private back yard. Rents $1250 One garage space + One Parking Space

Community laundry room with leased washer & dryer available for tenant use Plus Two Newer Commercial Water Heaters. Income from Laundry Room Varies (Not included in Gross Scheduled Income).

5 Enclosed Garages (Separate garage doors but entire garage is shared)+ 3 Parking Spaces. Newer Composition Roof. Individual Metered Electric & Gas. Owner Pays Water, Taxes & Insurance & Electric for building I.E. Auto Sprinklers, Outside Lights & Laundry Room Electric.
Excellent Investment Property, Large Square Footage In Good Rental Neighborhood. Tenants Pay Own Gas & Elect.

Last Agent to Sell the Property

Shariee Dunn

BHHS CA Properties License #00554534 Listed on: 12/02/2014

BHHS CA Properties

Co-Listed By

Jay Dunn

BHHS CA Properties License #00588350

Last Buyer's Agent

Noel Chang

Redpoint Realty License #01927748

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,233 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Track Lighting
  • Fireplace With Gas Starter
  • Blinds
  • Formal Entry
  • Living Room with Fireplace
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Overhead Utilities
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5501
  • Assessor Parcel Number 34402205

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $600
  • Insurance Expense $1,400
  • Maintenance Expense $1,939
  • Water Sewer Expense $1,561
  • New Taxes Expense $9,515
  • Gross Income $5,550
  • Net Operating Income $48,238

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 5.60
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Covington Style 4 Plex
  • View: No
  • Water Sewer Expenses: 1561.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 34402205
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Recessed Lighting, Track Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Gas Starter, Living Room
  • Levels: Two
  • Price Per Square Foot: 199.15
  • Room Type: Formal Entry, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition
  • Builder Name: Covington
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Water Heater Central
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Forced Air
  • Laundry Features: Community, Individual Room, Outside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Lot Features: Front Yard, Lot 6500-9999, Level with Street, Sprinklers In Front, Sprinklers Timer, Sprinkler System, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5550.00
  • Gross Multiplier: 12.91
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 1939.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 48238.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • 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: 16364.00
  • Operating Expense Percent: 24.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9515.00
  • Tax Lot: 5
  • Tax Tract Number: 5501
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/16/2014 12/16/14 Sold $843,000 -2.0% $199 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $859,900 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,586 $1,013,155 $736,432 $276,723
2024 $11,586 $993,290 $721,992 $271,298
2023 $11,387 $973,814 $707,835 $265,979
2022 $11,293 $954,720 $693,956 $260,764
2021 $11,108 $936,000 $680,349 $255,651
2020 $11,132 $926,403 $673,373 $253,030
2019 $10,754 $908,239 $660,170 $248,069
2018 $10,625 $890,431 $647,226 $243,205
2017 $10,454 $872,972 $634,535 $238,437
2016 $10,249 $855,855 $622,093 $233,762
2015 $10,138 $843,000 $612,749 $230,251
2014 $6,602 $526,630 $293,926 $232,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14240698

California Regional Multiple Listing Service (CRMLS)

APN: 344-022-05