NOT LISTED FOR SALE
2 Beds
1 Bath
4,350 Sq Ft
7,530 Sq Ft Lot

Sale Details

Date Sold: February 13, 2015

Last sale price $1,700,000 $391 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Carpet
  • Wall Furnace
  • Madison Elementary School Rated A+

About This Home

As of February 2015

Long standing tenants with potential for upgrades and increased rents. All 2 bedroom/1 bath units in average condition.

Last Agent to Sell the Property

Derf Fredericks

Fredericks Realty License #00491652 Listed on: 01/29/2015

Co-Listed By

Danny Fredericks

Fredericks Realty License #01903928

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,530 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,350 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in unit

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 2
  • Assessor Parcel Number 4153021011

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $15,000
  • Gross Income $8,400
  • Net Operating Income $90,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,530 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 4153021011
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 390.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 7530.00
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 8400.00
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7530.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 90800.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Range: 6
  • Operating Expense: 10000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 15000.00
  • Taxes Percent: 1.20
  • Tax Lot: 10
  • Tax Tract Number: 2
  • Tax Year: 2014

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
Jan 29, 2015
Closed on
Feb 9, 2015
Sold by
Bought by
Seller's Agent
Derf Fredericks
Fredericks Realty
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$1,299,000
Sold Price
$1,700,000
Premium/Discount to List
$401,000
30.87%

Purchase Details

Closed on
Mar 29, 2007
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
$1,700,000 Title 365
-- None Available
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 $750,000
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
02/13/2015 02/13/15 Sold $1,700,000 +30.9% $391 / Sq Ft
02/02/2015 02/02/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $1,299,000 -- $299 / 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 $25,344 $2,043,135 $1,382,123 $661,012
2024 $24,267 $2,003,074 $1,355,023 $648,051
2023 $23,832 $1,963,799 $1,328,454 $635,345
2022 $23,519 $1,925,294 $1,302,406 $622,888
2021 $22,986 $1,887,544 $1,276,869 $610,675
2019 $22,557 $1,831,844 $1,238,998 $592,846
2018 $21,949 $1,795,932 $1,214,704 $581,228
2016 $21,222 $1,725,924 $1,167,537 $558,387
2015 $7,868 $534,522 $186,372 $348,150
2014 -- $524,053 $182,722 $341,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15019526

California Regional Multiple Listing Service (CRMLS)
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