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

Sale Details

Date 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

7,501 Sq Ft Lot

Listing Details

  • CapRate: 5.86
  • 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
  • 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 Rate: 5.00

Tax Info

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2015
Closed on
Mar 24, 2016
Sold by
Bought by
Seller's Agent
Steve Tinetti
Tinetti Realty Group
Buyer's Agent
Dwight Larks
Dwight Lawrence Larks
List Price
$269,950
Sold Price
$250,000
Premium/Discount to List
-$19,950
-7.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0359%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 6, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$250,000 First American Title Company
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $200,000
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 Prior Sale
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 View Prior Sale
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

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 $3,292 $295,766 $59,186 $236,580
2024 $3,111 $289,803 $58,026 $231,777
2023 $3,068 $284,163 $56,889 $227,274
2022 $3,028 $278,633 $55,774 $222,859
2021 $3,024 $273,422 $54,681 $218,741
2020 $3,045 $270,433 $54,121 $216,312
2019 $3,000 $265,172 $53,060 $212,112
2018 $2,737 $260,015 $52,020 $207,995
2017 $2,844 $255,168 $51,000 $204,168
2016 $2,030 $181,228 $39,793 $141,435
2015 $1,998 $178,539 $39,196 $139,343
2014 $1,956 $175,084 $38,429 $136,655
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

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