NOT LISTED FOR SALE
7 Beds
6 Baths
3,493 Sq Ft
7,501 Sq Ft Lot

Last Sold May 23, 2016

Last sale price $250,000 $72 Per Sq Ft

488 Days on Market

Highlights

  • Dual Staircase
  • Corner Lot
  • Neighborhood Views
  • Contemporary Architecture
  • No HOA
  • Cooling Available

About This Home

As of May 2016

6 Units- 260 W. 20th is a free standing 2/1 SFR that is roughly 1,261 SF and has a fireplace, indoor utility room, large living room. covered porches in front and back, central HVAC, good size kitchen with dinette. Bathroom has a separate shower and tub. Currently rents for $650/month. 1928 MLK Jr. Way is a free standing 1/1 SFR adjacent to the alley that has roughly 632 SF. Has a wall heater and a wall AC and bathroom has a shower over the tub. Currently rented for $575 /month. 4-plex (i.e. 1936 A & B + 1938 A & B) has stacked 1/1 units that are approximately 400 SF each with wall AC units. Units rent for 3 x $425 1 x $365. Gross Scheduled rents per month are $2,875 = $34,500 Annually

Last Agent to Sell the Property

Steve Tinetti

Tinetti Realty Group License #00475070 Listed on: 06/22/2015

Last Buyer's Agent

Dwight Larks

Dwight Lawrence Larks License #01314496

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 50' x 150'
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Bungalow
  • Property Attached
  • Slab Foundation
  • Spanish Tile Roof
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,493 Sq Ft Home
  • Dual Staircase
  • Living Room with Fireplace
  • Neighborhood Views
  • Electric Oven

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • More Than Two Accessible Exits
  • Cooling Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 031073001000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,228
  • Maintenance Expense $1,500
  • Pest Control $850
  • Professional Management Expense $2,295
  • Trash Expense $1,646
  • Water Sewer Expense $3,280
  • New Taxes Expense $3,004
  • Gross Income $2,875
  • Net Operating Income $15,770

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 5.86
  • Price Per Unit: 44992
  • Professional Management Expense: 2295.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3280.00
  • Zoning: R-4
  • Architectural Style: Bungalow, Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 031073001000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 71.57
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab, Concrete Perimeter
  • View: Neighborhood
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected
  • Appliances: Electric Oven
  • Electric: Electricity - On Property
  • Pest Control Expense: 850.00
  • Trash Expense: 1646.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Front Yard, Level, Lot 6500-9999, Corner Lot
  • Lot Size: 50' x 150'
  • Lot Size Sq Ft: 7501.00
  • Price Per Lot Square Foot: 33.33
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 450
  • Average2 Bed Area: 1261
  • Gross Income: 2875.00
  • Gross Multiplier: 7.80
  • Gross Scheduled Income: 34500.00
  • Insurance Expense: 3228.00
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 15770.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 17005.00
  • Operating Expense Percent: 52.00
  • Rent Control: No
  • Total Actual Rent: 2875.00
  • Vacancy Allowance: 1725
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3004.00
  • Taxes Percent: 1.01
  • Tax Year: 2013

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
05/23/2016 05/23/16 Sold $250,000 -5.7% $72 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
03/03/2015 03/03/15 Sold $265,000 -1.8% $98 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
10/19/2014 10/19/14 For Sale $269,950 0.0% $100 / Sq Ft
10/19/2014 10/19/14 For Sale $269,950 -- $77 / 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: MC14224017

California Regional Multiple Listing Service (CRMLS)

APN: 031-073-001