NOT LISTED FOR SALE
-- Bed
-- Bath
3,026 Sq Ft
1929 Built

Last Sold December 27, 2012

Last sale price $800,000 $264 Per Sq Ft

179 Days on Market

Highlights

  • Contemporary Architecture
  • No Heating
  • 3-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A

About This Home

As of December 2012

Eight clean 1 bedroom units in decent area. Seller owes $730,000 purchase with just costs and commissions down to existing loan! OR purchase with 12 units next door for possible flexible financing and easier management!

Last Agent to Sell the Property

Ed Soule

Ed Soule, Broker License #00669188 Listed on: 06/09/2012

Last Buyer's Agent

Fred Denny

First Team Real Estate License #00832957

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Parking

  • 1 Parking Space

Home Design

  • 3,026 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 75
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260017019

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,142
  • New Taxes Expense $9,238
  • Gross Income $5,715
  • Net Operating Income $51,455

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.36
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7260017019
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 264.38

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 5715.00
  • Gross Multiplier: 10.19
  • Gross Scheduled Income: 68580.00
  • Insurance Expense: 1142.00
  • Net Operating Income: 51455.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 17125.00

Tax Info

  • New Taxes Expense: 9238.00
  • Tax Lot: 75
  • Tax Tract Number: 1577

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $800,000 +8.3% $264 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
06/09/2012 06/09/12 For Sale $739,000 -- $244 / 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: P825266

California Regional Multiple Listing Service (CRMLS)