NOT LISTED FOR SALE

Estimated Value: $1,599,000

17 Beds
9 Baths
8,000 Sq Ft
$200/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $1,285,000 $161 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,236/month

128 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • 1-Story Property
  • 0.59 Acre Lot
  • Central Heating

About This Home

As of February 2022

Here's your opportunity to own a high income producing property. This property is priced low to sell ASAP, so seller can complete another investment project. These seven units are sitting on two separate lots sold together or separately as two SFR. (APN 0278-131-17-000 and APN 0278-131-18-0000), plus extra space for you to drop another building. These seven units currently gross $10,000 each month with two tenants paying slightly below market rent value.All units are occupied and no tenant fell behind through the pandemic. All units have been upgraded in the last three years and two were upgraded as recent as in March this year. Property is under excellent property management company. You are welcomed to keep the management company or use your own.

Last Agent to Sell the Property

Kay Wachuku

WRC REALTY License #01469159 Listed on: 08/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,495

Year Built

  • Built in 1946

Lot Details

  • 0.59 Acre Lot
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 8,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 12 / 51
  • Tax Tract Number 6
  • Assessor Parcel Number 0278131170000
  • $4,138 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 7 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $4,800
  • Insurance Expense $3,360
  • Professional Management Expense $11,400
  • Trash Expense $5,400
  • Water Sewer Expense $5,400
  • Operating Expense $30,360
  • Gross Income $120,000
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,495

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Other Phone Description: (909) 800-0592
  • Price Per Unit: 192857
  • Professional Management Expense: 11400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5400.00
  • Property Type: Residential Income
  • Parcel Number: 0278131170000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 160.62

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 5400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 25812.00
  • Lot Size Acres: 0.5926

Multi Family

  • Electric Expense: 4800.00
  • Gross Income: 120000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 3360.00
  • Lot Size Area: 25812.0000 Square Feet
  • Net Operating Income: 10000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 7
  • Operating Expense: 2108.75
  • Rent Control: No
  • Total Actual Rent: 9500.00
  • Total Expenses: 30360.00

Tax Info

  • Tax Block: 51
  • Tax Census Tract: 64.02
  • Tax Lot: 12
  • Tax Tract Number: 006...
  • TaxOtherAnnualAssessmentAmount: 4137.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Seaboard 1Nc
Bought by
Alam Munshi H and Ahmed Nasrin
Current Estimated Value
$1,599,000

Purchase Details

Closed on
Oct 23, 2019
Sold by
Wilson Robin and The Hohensee Revocable Trust
Bought by
Seaboard Inc

Purchase Details

Closed on
Apr 7, 2006
Sold by
Hohensee Linda J
Bought by
Hohensee John Paul and Hohensee Linda Joanne
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alam Munshi H $715,000 First American Title
Seaboard Inc $182,000 First American Title Ins Co
Hohensee John Paul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hohensee John Paul $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $1,285,000 -4.8% $161 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
09/02/2021 09/02/21 Price Changed $1,350,000 -9.9% $169 / Sq Ft
08/28/2021 08/28/21 For Sale $1,499,000 -- $187 / 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 $9,495 $774,682 $164,487 $610,195
2024 $9,495 $759,492 $161,262 $598,230
2023 $9,261 $744,600 $158,100 $586,500
2022 $5,483 $428,400 $71,400 $357,000
2021 $2,449 $183,885 $62,642 $121,243
2020 $2,459 $182,000 $62,000 $120,000
2019 $3,334 $251,700 $81,400 $170,300
2018 $3,364 $251,700 $81,400 $170,300
2017 $2,784 $209,700 $67,800 $141,900
2016 $2,525 $191,700 $62,000 $129,700
2015 $2,323 $170,000 $55,000 $115,000
2014 $2,305 $170,000 $55,000 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21190838

California Regional Multiple Listing Service (CRMLS)

APN: 0278-131-17