NOT LISTED FOR SALE
9 Beds
8 Baths
5,458 Sq Ft
7,841 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $1,432,000 $262 Per Sq Ft

25 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • Valencia High School Rated A+
  • Neighborhood Views
  • Landscaped

About This Home

As of April 2021

Rare HUGE approx. 5,458 square foot 4 plex consisting of one 3 bedroom 2 bath owners style unit with fireplace, large patio and enclosed garage. One two bedroom 2 bath with balcony and two 2 bedroom 1.5 bath townhouse style units with enclosed patios. All units have enclosed garages—some with direct access to unit. All units have either fully enclosed patio or balcony. Very well maintained. All new vinyl dual pane windows. Extra monthly income of $100-200 could be achieved by utilizing currently unused laundry room. Easy to manage—one tenant takes care of all minor maintenance issues. Room to increase rents for new owner. Market rents are $2,000-2,050 for 2 bedroom units.

Last Agent to Sell the Property

Mike Lembeck

Citivest Realty Services, Inc License #01019397 Listed on: 02/16/2021

Last Buyer's Agent

Kacper Turek

Hit Home Realty License #01981006

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Lawn

Parking

  • 1 Open Parking Space
  • 5 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,458 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 5231
  • Assessor Parcel Number 34402210

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $1,600
  • Trash Expense $2,400
  • Water Sewer Expense $3,000
  • New Taxes Expense $14,728
  • Operating Expense $23,228
  • Gross Income $90,480
  • Net Operating Income $66,443

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.97
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: RM-1200
  • Property Type: Residential Income
  • Parcel Number: 34402210
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 262.37

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 90480.00
  • Gross Multiplier: 14.53
  • Gross Operating Income: 88671.00
  • Gross Scheduled Income: 90480.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 66443.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23228.00
  • Operating Expense Percent: 25.60
  • Rent Control: Yes
  • Total Actual Rent: 7540.00
  • Total Expenses: 23228.00
  • Vacancy Allowance: 1809
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14728.00
  • Tax Census Tract: 117.20
  • Tax Lot: 15
  • Tax Tract Number: 5231

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
04/09/2021 04/09/21 Sold $1,432,000 -0.2% $262 / Sq Ft
03/17/2021 03/17/21 Price Changed $1,435,000 +9.1% $263 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $1,315,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21031333

California Regional Multiple Listing Service (CRMLS)

APN: 344-022-10